President Nicos Anastasiades said that “with hard and collective work, we can turn the crisis into an opportunity, by daring today what we haven’t dared in the past.” Speaking at the KEVE Chamber of Commerce annual export awards ceremony on Wednesday, the president said “it seems that Cyprus is on the road of a new
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The Cyprus Foreign Ministry has issued a travel advice for the Ukraine, advising Cypriot citizens who live or intend to travel to the Ukraine to exercise “extreme caution” and avoid mass gatherings areas. Citizens of the Republic of Cyprus, “who are permanent residents or intend to travel to Ukraine, are advised to exercise extreme caution
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The rate inflation for January decreased at a rate of -1,6%, as measured by the Harmonized Index of Consumer Prices (HICP), on the back of a -1,3% rate for December 2013, while the year-earlier rate for January 2013 had increased at 2,0%. The Statistical Service Cystat released the monthly data that showed the fluctuations of
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At least 22 people have been killed and more than 200 injured in the bloodiest day of the Ukrainian revolt as riot police continue to fight protestors occupying the central square in Kiev. Pro-Russia president Viktor Yanukovich appealed to the opposition forces in a television message late on Tuesday night to back away from the
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MTN Cyprus, the island’s second biggest telco, has launched a flexible service, Broadband-in-a-box, allowing subscribers to enjoy unlimited internet at home, at a holiday home or anywhere else in the country, with high 3G+ speeds and without a fixed telephone line. Customers simply plug the special Huawei device into a power socket which is available
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The outlook for Oman's banking system remains stable, as it has been since 2007, Moody's Investors Service said in a new report. The stable outlook primarily reflects the rating agency's expectations of stable macroeconomic conditions that will support low levels of non-performing loans (NPLs) and healthy levels of capitalisation and earnings. In addition, sound liquidity
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The negative outlook for the Dutch banking system reflects the adverse impact the country's recent economic recession is expected to have on Dutch banks, Moody's Investors Service said in a new report, expecting that the recent recession will drive deterioration in bank financial fundamentals, including rising non-performing loans (NPLs), lower earnings, and, potentially, an erosion
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The outcome of the February 9 referendum, where a narrow majority of Swiss voters supported an initiative aiming to impose quotas limiting immigration into Switzerland is credit negative for the Swiss sovereign (Aaa stable) and Swiss banks, Moody's Investors Service said in a Special Comment. According to the rating agency, limiting immigration is likely to
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Cyprus believes that the new regime relating to the aid scheme for milk, fruit and vegetables should give the necessary flexibility to EU member states to help them implement the regulations on the basis of the economic situation in each state, Minister of Agriculture, Natural Resources and the Environment, Nikos Kouyialis, has said. The Minister
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A mission of international lenders will return to Greece later this week to review progress made in delivering on the country's reforms that are key for further loans, the chairman of eurozone finance ministers, Jeroen Dijsselbloem. Debt-laden Greece may have achieved a better than expected fiscal outcome last year and might meet the conditions for
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