The Eurosystem’s central banks are continuing to finance capital flight from Greece via the Target payment system, the Ifo Institute reported citing the latest figures released by Athens. In February, the Greek central bank took out a further 15 bln euros in overdraft credit from other central banks to enable it to make foreign transfers.
More
* Haze Team launches Spring Season events * The Haze Team, organisers of the popular ‘Milano Da Bere’ after-work parties in Nicosia for the past three years, are continuing with their themed-events, catering to the hundreds of young execs seeking to unwind after a stressful day at work, while also networking with other like-minded professionals
More
. The elections period is officially underway with the first public opinion poll, just 14 months away from the parliamentary vote, suggesting what the parties fear most – total apathy towards the establishment. All this time, party leaders had perched themselves on their pedestals of power and thought they were untouchable, that their childish bickering
More
. By Mariana Antonescu Today, the majority of the population owns a smartphone. Smartphones have revolutionised almost every aspect of our daily lives including communication, information access and consumerism. According to a CNN Money report, app usage makes up 47% of Internet traffic. If you think that mobile apps in Cyprus are solely for big
More
The Auditor General’s report for the Ministry of Labour found a EUR 50 mln deficit in the Social Insurance Fund for 2013, compared to a 156 mln surplus in 2012. Speaking at the House Audit Committee in the presence of the Labour Minister Zeta Emilianidou, Auditor General Odysseas Michaelides said that the amount of payments
More
The trade deficit narrowed to EUR 94.8 mln in January, compared to 300 mln in December, which saw the past year close at a wider EUR 3.7 bln. On the basis of preliminary estimates for foreign trade in January 2015, total imports and arrivals reached EUR 352.3 mln, of which EUR 255.3 mln were arrivals
More
Cyprus has entered the stage of development and commercial exploitation of its hydrocarbon reserves, with Energy Minister Yiorgos Lakkotrypis saying that Noble Energy will submit a development plan for the Aphrodite gasfield that holds a gross reserve of natural gas of 4.5 trillion cubic feet (tcf) and will declare it commercially viable within the next
More
The number of persons employed dropped by 0.6% in the fourth quarter of last year, compared to the previous quarter, and by 1.5% compared to year-earlier quarter. This was in contrast to the number of persons employed in the euro area that rose by 0.1% and 0.2% in the EU28 in 4Q 2014 compared to
More
The Nicosia town hall was lit up in green to commemorate St Patrick’s Day (March 17), joining the world network of capital cities and landmark buildings that celebrates the Irish holiday. The building will remain lit up in green up to Wednesday night, as with the other buildings around the world. Deputy Mayor Eleni Loucaidou
More
Βy Jameel Ahmad, Chief Market Analyst at FXTM Heading into 2015 the JPY was my pick for currency to surprise traders this year, and so far the currency has managed to hold its strength and consolidate against the USD despite the Greenback touching milestone highs against most of its trading partners. The major reason I
More