Bank of Cyprus announced dull results for the third quarter, despite a historic milestone in the third quarter with the €1 bln in fresh capital raised. At the same time, it said that the Cyprus Securities and Exchange Commission (CySEC) approved its return to the Cyprus and Athens bourses, on Tuesday, December 16. Its 9-month
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A Bi-communal olive festival will take place on 30 November 2014 in Nicosia's Buffer Zone involving the Greek and Turkish Cypriot producers Following and welcoming the request of two Cypriot non-governmental olive associations, the European Commission, through the EU funded project "Crop Husbandry Technical Assistance", is supporting the organisation of a bi-communal olive festival. The
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By Jameel Ahmad, Chief Market Analyst at FXTM Both Brent and Crude Oil extended to new milestone lows overnight, with optimism continuing to fade that the OPEC decision later today will support a cut in production. Overnight, Brent declined to $76.30 while Crude dropped to $72.58. The downside movement in the Oil markets commenced on
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Paphos Mayor Savvas Vergas is expected to appear in court on Thursday, charged with counts of mismanagement of public funds, in particular at the local sewerage board which he chairs ex-officio. Vergas was arrested late on Wednesday for the third time in the past two months, only this time, two other officials also faced similar
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“Hope For Children” UNCRC Policy Centre (HFC) realized a seminar for the presentation of the project ‘Sweetie 1,000’, where the key speaker was the initiator of the project Mr. Hans Guijt from the organization Terre des Hommes Netherlands. The Director-General of “Hope For Children” UNCRC Policy Centre, Mr. Joseph Varughese, thanked Mr. Guijt for accepting
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PGS Lighting Electrical enhances its presence in Limassol with a brand new showroom, increasing its total number of stores to 11. Aiming at contributing to the restart of the economy, the company is pursuing a growth strategy, investing in new stores and opening new job positions. The new showroom is divided in two sub stores
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Egypt is willing to take as much of the future natural gas supply that Cyprus can export, to satisfy its growing energy deficit and power its rapid population growth, its energy minister said after a meeting in Nicosia. Egyptian Oil Minister Sherif Ismail told his Cypriot and Greek counterparts that his country is willing to
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Internet access and the use of computers at home are rising at a healthy pace in Cyprus, according to the “ICT Usage in Households and by Individuals” survey of the statistical service Cystat. The annual survey, conducted in the first quarter of 2014, covered 1,884 households and 4,141 individuals aged 16-74 years. The survey found
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Only isolated German companies plan to recruit more staff, according to the Ifo Employment Barometer that fell to 105.4 index points in November, after 106.9 points in October and 107.9 in November last year. For the moment there is only a slightly positive employment dynamic. In manufacturing, the employment barometer remained constant at a low
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By Jameel Ahmad, Chief Market Analyst at FXTM Both Brent and Crude Oil have continued to feel pressure ahead of Thursday’s highly anticipated OPEC decision, with Brent dropping to $77.97 and Crude to $73.63 on Wednesday. Although there was previously optimism that a cut in production would be agreed, this optimism is quickly fading today.
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