* Rapid changes in FX market after CHF claims more casualties * The Cyprus forex trading and broker industry is bracing for consolidation, with several small firms barely maintaining sufficient levels of liquidity after suffering heavy loses on the Swiss franc, while binary traders were delighted from the security that their sector seems to provide
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The opposition-led House of Representatives voted to extend the suspension of foreclosures on mortgaged properties by another month on Thursday, further delaying the payment of about €86 mln in bailout money and jeopardising the rollover of some €2.9 bln in public debt later this year. The extension was proposed by the centre-right Democratic Party (DIKO)
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Strong support for the peaceful coexistence, mutual understanding and active promotion of the rapprochement of the two communities in Cyprus were at the heart of the Ceremony for the award of the European Citizen's Prize 2014 to the Turkish Cypriot journalist Sevgül UludaÄŸ and the Greek Cypriot poet Mihalis Hristofidis which took place today at
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Unemployment benefit payments recorded the second highest annual drop in the last three years, down by 66.4% in November, compared to the same month in 2013. According to Social Insurance Department data, €4.8 mln were paid from the unemployment benefit fund in November when the national jobless level had dipped to just below 17%, compared
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Τhe Mediterranean island destinations of Malta and Cyprus maintained the highest rates of non-resident stays in hotels and other units in the European Union last year, with foreign visitors and tourists accounting for 96% of all stays in Malta and 94% in Cyprus. According to Eurostat figures for 2014, Croatia was next with 92%, followed
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Credit constraints for German companies fell to 17.1% in January from 17.4% last month, marking a new historical low, according to a new study. The financing conditions for German companies remain excellent at the beginning of 2015, while the drop in credit constraints reflects the inflationary flood of money that banks expect from the European
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The Industrial Production Index dropped by 3.7% in November 2014, compared to November 2013, the Statistical Service said on Thursday. The Index reached 66.4 units from its initial base of 100 set in 2010. For the January-November period, the index dropped by 0.3% compared to the corresponding period of the previous year. In manufacturing, the
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Digital Cyprus, a web-based open-source platform to host all information about Cyprus, will be available to the public by the middle of the year. The platform, which is currently only accessible to work groups, was presented this week by Cyprus Digital Champion and Director General of the Ministry of Commerce, Tourism and Energy Stelios Himonas,
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The loans-to-deposits ratio of the island’s banking system widened in December, the first month that the Central Bank of Cyprus issued monetary statistics on the basis of the new regulations and the guideline of the European Central Bank. The monthly Monetary Financial Institutions (MFIs) Loans and Deposits Statistics showed that total deposits in December 2014
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Trade union reps from the state-owned Cyprus Telecommunications Authority (Cyta), one of several utilities slated for privatisation over the next four years, told officials from the Troika of international lenders that they remain adamant in their opposition to the sale. Cyta, the ports authority, power generator EAC and other government assets are included in the
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