Cyprus is a moderate innovator, according to the Innovation Union Scoreboard that provides a comparative assessment of research and innovation performance in Europe. The scoreboard helps countries and regions identify the areas they need to address. According to IUS 2015, Sweden has confirmed its innovation leadership. It is followed by Denmark, Finland, and Germany as
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The Public Debt Management Office of the Ministry of Finance announced that the auction on Thursday of €50 mln 30-day Treasury Bills was oversubscribed by about 1.5 times. In all, bids worth €76.1 mln were received for the T-Bills, with an issue date of May 18 and listing on the CSE and maturity of June
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By Jameel Ahmad, Chief Market Analyst at FXTM (UPDATE) The USD is at least managing to recover some of its wide losses on Thursday after the initial jobless claims once again reiterated that the employment reports remain as the shining light for the US economy. Weaknesses are evident elsewhere in the US economy, but
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After three and a half years of recession or 14 quarters of negative growth, the Cyprus economy expanded in the first quarter of 2015, with GDP growing 1.6% from the previous quarter, the fastest in the Eurozone according to Eurostat, defeating European Commission predictions for continued contraction, albeit mildly, this year. This follows last week’s
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Low-cost carrier easyJet reported a 3.8% increase in year-on-year revenue for the first half of its financial year ended March 2015, driven by a 2.6% y-o-y rise in revenue per seat due to “disciplined allocation of capacity, improvement in load factor, strong October trading, timing of Easter and performance of allocated seating.” Total revenue rose
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The American Academy Nicosia presents an open lecture on the subject of “First Aid in Our Lives” in the context of the school’s Open Lecture Series of 2014-2015. The seminar will be held at the auditorium of the school on Wednesday, 27 May 2015, from 7:30 until 9:00 pm, and is addressed to parents, teachers
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* ‘Low level’ CBMs on agenda, anti-solution camp starts to make noises * Despite the fresh momentum that has picked up after Mustafa Akinci won the elections in the north last month, the Greek Cypriot side seems more cautions than ever before, not so much because of Turkey’s ever-present in resolving the Cyprus problem, but
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In a successful stroke of genius, the Council of Ministers issued a decree on Wednesday, whereby all stores would be allowed to remain open on Sundays and late evenings on weekdays, overturning parliament’s attempts at taking executive control over the matter away from Labour Minister Zeta Emilianidou. MPs had debated for months in an attempt
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By Jameel Ahmad, Chief Market Analyst at FXTM Prior to Bank of England (BoE) Governor Mark Carney disappointing the Sterling bulls, the GBPUSD managed to record a further 2015 high at 1.5746 on Wednesday following the UK unemployment rate being announced at a seven-year low. The markets welcomed another robust employment report from the UK
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Attorney General Costas Clerides has filed an application for dismissal at the Supreme Court to sack his Deputy, Rikkos Erotokritou, for “conduct unbecoming” and for his handling of criminal cases regarding the Value Added Tax office, under conditions that suggest conflict of interest. Clerides is also seeking from the court, that acts as a Council
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