The leaders of the island’s two divided communities reiterated on Wednesday night their belief that the economic benefits of a solution to the protracted Cyprus problem would be tremendous, possibly double the size it is today within two decades, with tourism, energy and shipping the main drivers. Cyprus President Nicos Anastasiades and Turkish Cypriot community
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By Jameel Ahmad, Chief Market Analyst, FXTM Markets are looking more optimistic as we head into the final stretch of the week with this probably being linked to a combination of indications, such as the FOMC Minutes that US interest rates will be left unchanged for longer than expected, optimism of a positive conclusion to
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Ryanair joined Facebook on Thursday with a special competition and offered 1 mln seats at €20 each to mark its 30th anniversary and 100 mln customer milestone. With Ryanair’s Twitter account now boasting over 160,000 followers, its YouTube channel with over 6 mln video views, as well as Instagram and LinkedIn accounts, the arrival on
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Limassol’s new hot spot for burgers, located few steps away from Saripolou square, is set to drive food-lovers’ taste buds wild! Classic Burger Joint, the new burger place in town, satisfies the need of all burger addicts. Flame-grilled with passion, Classic Burger Joint serves burgers that cook up a gourmet storm. They serve delicious charcoal
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By Jameel Ahmad, Chief Market Analyst, FXTM The downside break below $56.80 a week ago was a critical indicator that the price of WTI was set for an aggressive decline and the bears have since pushed the US benchmark crude down to a low $50.57. There’s a combination of factors that are merging to weaken
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The economic recovery in the Eurozone will gain impetus slightly over the course of the year, Europe’s three leading economics research institutes said on Tuesday. Economic output is expected to grow by 0.5% in the third and fourth quarters, respectively, following growth of 0.4% in the first and second quarters, according to the Ifo Institute
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. The Ministries of Defence and Education are rewarding army conscripts by introducing a distance-learning programme for those already enrolled in undergraduate courses in Cyprus and Greece, who may gain up to one semester’s worth of credits during their military service. At the same time, the cooperation with the Open University also allows for short
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Crude oil prices stabilised on Tuesday following the steep declines recorded on Monday in the aftermath of the Greek referendum that rejected terms for a new bailout and the continued retraction of the Chinese stock market. US crude WTI traded up 44c at $52.97 a barrel early on Tuesday, following Monday’s 7.7% fall or $4.40
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Corporate cash piles rose by 6% to EUR 870 bln in the year ending December 2014 in Europe, the Middle East and Africa (EMEA), Moody's Investors Service said in a special report. Of this cash pile, EUR 211 bln (nearly a quarter) is concentrated in the hands of the top 10 cash holders, which make
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It is time for Greece to make a daring leap and adopt its own currency, said Ifo President Hans-Werner Sinn, adding that the drachma should be introduced immediately as a virtual currency. “All of the country’s contracts, including its debt contracts with foreigners, should be converted into drachma. This would make the Greek government and
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