EU court backs Bulgarian and Swedish rivals in Halloumi trade war Cyprus has lost its first halloumi battles in European courts since the island’s traditional cheese was granted the status of a Product of Designated Origin (PDO), as European Courts ruled in favour of Bulgarian and Swedish imitators. Shielded behind the newly acquired PDO status,
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The former ruling party, Democratic Rally, is once again going to the polls this weekend to elect the highest officers of its party leadership, as well as the executive council members. After the humiliating defeat during the presidential elections, when the party’s then leader Averof Neophytou insisted on his own candidacy and lost, with former
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Cyprus helped evacuate 2,611 people from Sudan, with Foreign Minister Constantinos Kombos declaring on Saturday that the 11-day airlift operation at Larnaca airport has ended. “The Special National Plan ‘Estia’, which was activated on April 25 following requests from the authorities of friendly countries, has now been completed,” Kombos said, after convening a ministerial committee
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Labour Minister Yiannis Panayiotou on Friday appeared optimistic that unions and employers are one step closer to settling a dispute over the Cost of Living Allowance (CoLA), despite sides clinging to their initial bargaining positions. In statements to the press after holding separate meetings with the Cyprus stakeholders, Panayiotou said that a mutually acceptable agreement
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The new government has presented its first official medium-term budgetary targets since taking office on February 28, with rating agency DBRS Morningstar saying it signals fiscal policy continuity. While the election of President Nikos Christodoulides in February marked a shift in Cypriot politics as his candidacy was not backed by either of the two largest
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By Jameel Ahmad, Chief Analyst at CompareBroker.io Anyone hoping that we were going to get an indication on the future outlook of US interest rate policy from the monthly United States employment report has had their hopes dashed. The headline non-farm payrolls jobs number has provided all the help that the Federal Reserve could have
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The final Royal Air Force flight carrying evacuees from war-torn Sudan landed at Larnaca airport on Thursday night, with the commander of the British Forces in Cyprus paying tribute to all those involved in the successful evacuation via the island. The commander of BFC and Sovereign Base Areas (SBA) administrator Peter Squires on Friday extended
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By Craig Erlam Stock markets are tentatively higher at the end of the week, but how they ultimately see it out will depend on the US jobs report. While the US banking system has probably been the main talking point this week, the two headline events were always the Federal Reserve on Wednesday and Friday’s
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Cyprus reported another ten COVID-19 deaths on Friday, pushing the total number of deaths since the pandemic started in March 2020 to 1,364. The number of deaths recorded in the latest report were increased by 150% compared to the previous one, which reported four casualties. The Health Ministry’s previous report had also included one of
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By Jameel Ahmad, Chief Analyst at CompareBroker.io Following a lack of information from the Federal Reserve regarding the US interest rate outlook moving forward, attention once again turned towards resumed selling in the banking sector. Softening upbeat language will not be enough for future central bank meetings, specifically when it comes to the US. Fed
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