. By Oren Laurent President, Banc De Binary Brazil’s Petrobras scandal isn’t the simple disgracing of a badly run company. It’s a scandal that involves top politicians with dire economic ramifications, a scandal about a Government-backed corporation which used to generate revenue worth 8% of the entire country’s gross domestic product. And it couldn’t have
More
. A lot has been said about the merits of Sunday shopping, with only one (unsubstantiated) argument against it – that is that the figure of 7,000 people finding jobs is impossible to prove. The benefits of this relaxation to the old rigid rules have been tremendous, even within the crisis that we are living
More
Finance Minister Harris Georgiades announced that the government’s second bond issue since the bailout programme two years ago was a success with EUR 1 bln raised with a 4% yield rate. Georgiades said the 7-year bonds, listed on the London markets, were nearly twice oversubscribed and this affirms that confidence has been restored in the
More
Jordan is interested to import natural gas from Cyprus’ offshore gasfields and Cyprus is willing to supply Jordan with natural gas as soon as the infrastructures is ready, House President Yiannakis Omirou said on Tuesday after welcoming the President of the Jordanian Senate Abdur-Rau’f Rawabdeh to Cyprus. Omirou stated that they discussed the threat to
More
Among the 44.1 mln persons in the European Union (EU) working part-time in 2014, some 9.8 mln were underemployed who wished to work more hours and were available to do so. This corresponds to 22.2% of all part-time workers and 4.5% of total employment in the EU in 2014. The large majority of part-time workers
More
Low cost carrier Transavia, a member of the Air France-KLM Group, will fly to Larnaca and Paphos from Amsterdam in an effort to increase the tourist flow from central Europe. The direct route will be operated twice a week from Larnaca, every Tuesday and Friday while flights from Larnaca to Amsterdam will also be available
More
President Nicos Anastasiades announced a handful of confidence building measures prior to meeting newly-elected Turkish Cypriot leader Mustafa Akinci on Saturday, as UN-sponsored reunification talks are expected to get underway later in May. Anastasiades and Akinci discussed their upcoming meeting during a telephone conversation they had on Tuesday morning. The venue is yet to be
More
Fitch Ratings believes that with public sector debt reaching 110% of GDP this year and later easing off to about 90% by 2022, Cyprus won’t need to cash in on the full EUR 10 bln bailout agreed to in 2013. “The general government debt to GDP ratio is expected to peak at just over 110%
More
The organisers of “Milano da Bere”, the most successful after-work event in Cyprus are holding their final party for Season 3 at the Patio cocktail bar in Nicosia on Thursday, April 30. The event conceived by the Haze Team allows young (and not so young) professionals take off their ties and throw off their pin-stripes
More
The leaders of Cyprus, Greece and Egypt are meeting in Nicosia on Wednesday with the agenda including economic relations in shipping, tourism and energy. The meeting between President Nicos Anastasiades, the Prime Minister of Greece Alexis Tsipras and the President of Egypt Abdel Fattah el-Sisi, is expected to conclude with the Nicosia Declaration that will
More