The rate of unemployment for the whole of last year averaged at 16.1%, marginally up from 15.9% for 2013, while in the fourth quarter it was 16%, unchanged from Q3, and up from 15.4% in Q2, according to the statistical service Cystat. The Labour Force Survey for the fourth quarter of 2014 showed that the
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International forex broker ForexTime (FXTM) has launched a new round of its popular ‘Forex Factor’ demo trading contest, giving traders the opportunity to once again test their skills against traders from around the world. Competing against other forex traders for the chance to win $3,000 in a live trading account, participants can enjoy trading and
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The first official presentation of the Cyprus-South Africa Business Association was held recently, at an event attended by members of the association and other personalities from the economic and business world. The Cyprus-South African Association was founded in June 2014 under the auspices of the Cyprus Chamber of Commerce and Industry (CCCI), and aims to
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Aristo Developers’ 2015 international exhibition season commenced with great success at the Novosibirsk Real Estate Expo in Russia, which took place on February the 3rd, welcoming 25 companies from 7 countries. Aristo Developers’ dynamic presence on the island of Cyprus was a key attraction for both individual buyers and investors, identifying with the company’s unique
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LaikoCosmos Trading are pleased to announce that they have signed an agreement with Sodexo Cyprus Ltd to act as their logistics partner to supply the entire UK ambient and frozen grocery range to all British Forces Retail shops on the British Bases in Cyprus after being evaluated of their logistics and distribution capabilities. Sodexo provides
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Trade between the EU and the US is already worth hundreds of billions a year and the free trade agreement known as the Transatlantic Trade and Investment Partnership (TTIP) promises to increase this even further. However, the deal being negotiated by the European Commission and the US will still need to be approved by the
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For the second consecutive year, Moody's Investors Service said its outlook for Turkey's banking outlook is negative, owing to subdued economic growth and currency volatility, which will reduce growth opportunities for banks and impair borrowers' ability to service their loans. The rating agency said that alongside moderate asset-quality erosion, the system's reliance on capital markets
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The Ifo Business Climate Index for German trade and industry rose to 107.9 points in March from 106.8 points the previous month. The index reached its highest level since July 2014. Companies were more satisfied with their current business situation. They also expressed far greater optimism about future business developments. The German economy continues to
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A Germanwings Airbus A320 with 150 people on board crashed in the French Alps near Digne on Tuesday morning, aviation officials said, with no survivors likely. The aircraft, belonging to the Lufthansa subsidiary, had been returning home from Barcelona to Duesseldorf with 144 passengers and six crew. "The conditions of the accident, which have not
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Brent crude was trading at shy of $56 on Tuesday as data from China suggested a slowdown in its growth, part of the “go fast, go slow” cycle, while oil output at OPEC-driver Saudi Arabia was still at an all-time high. The HSBC/Markit PMI flash for China was at an 11 month low of 49.2
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