Contraction in the economy will be at 4% of GDP this year, according to the Finance Ministry macroeconomic indicators for May. This is an improvement over the 4.2% revised prediction by the Troika of international lenders after their fourth review of the Cyprus bailout adjustment programme, while President Nicos Anastasiades declared on Monday that Cyprus
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. By Oren Laurent President, Banc De Binary Football fans will tell you that only one team can win the World Cup. That may be true – on the pitch. But in a world of corporate sponsorships and celebrity endorsements, the world of business and finance to which readers will be partial, this sporting event
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. Marcuard’s Market update by GaveKal Dragonomics With US equities making new highs and another earnings season now under way, it is a good time to remember that to be sustainable, a bull market should rest on three pillars: liquidity, valuations, and growth. At any given point in time, however, just one of the pillars
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. President Nicos Anastasiades pledged last Friday that growth constitutes a priority for his government and that he will follow through with reforms to change the country for the better. Alas, the president was preaching to the converted, saying that “there is a need for a modern, long term and comprehensive National Growth Strategy which
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* Cyprus has 102 managed funds with €3 bln, Malta has €9.4 bln and Ireland €2.5 trln * Fund managers in Cyprus are urging the state to consider issuing Islamic bonds (Sukuk) similar to a 5-year issue by the UK government that raised nearly 200 mln euros, while Luxembourg is also planning something similar.
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The European Commission has awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes from revenues resulting from the sale of emission allowances in the EU Emissions Trading System. This makes the polluters the driving force behind
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The number of applications filed for registrations of new companies rose for the sixth consecutive month in June, on an annual basis, figures released by the Department of Registrar of Companies and Official Receiver show. According to the figures, applications for new company registration reached 761 in June, from 654 a year earlier, presenting an
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Discussions between the Cyprus National Hydrocarbons Company (CNHC) and the Leviathan partners Noble and Energy and Avner have reached a very good point, CNHC said on Tuesday. Natural gas discoveries so far in the Cyprus' Exclusive Economic Zone, which amount to 5 trillion cubic feet from block 12, cannot render a natural gas liquefaction plant
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Citizens of the Republic of Cyprus, who are permanent residents or intend to travel to Thailand, are advised to exercise extreme caution. According to an official press release, the security situation in Thailand remains volatile and Cypriot citizens are advised to avoid areas of mass gatherings, monitor news reports (international and local) for any developments,
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Germany handed Brazil its heaviest World Cup loss ever on Tuesday with an astounding 7-1 rout in the semifinals that stunned the host nation. Miroslav Klose scored a record-setting 16th career World Cup goal in a five-goal spurt in the first half as Brazil’s defense was torn apart. Brazil’s previous biggest World Cup loss was
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