Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were the best since 2008, according to Land Registry sale documents. According to Stockwatch, the sales documents filed in the Land Registry from January
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Transport Minister Yiannis Karousos issued a warning to ground service companies exploiting workers at airports after strikes over redundancies caused chaos at Paphos and Larnaca. Paphos was the worst hit after ground staff declared an impromptu strike that lasted around five hours Wednesday, leaving thousands of travellers stranded. Ground staff at Larnaca held a two-hour
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By Craig Erlam Equity markets are under some pressure on Thursday, with Asia mostly in the red and Europe poised to open almost a percentage point lower after the US Fed delivered a fourth consecutive 75 basis points rate rise on Wednesday. This brought the benchmark federal funds rate to a range of 3.75% and
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It is vital that the UN Peacekeeping Force in Cyprus (UNFICYP) is allowed to conduct its mandate on both sides of the Green Line, warned the US State Department. It said UN peacemakers needed to conduct their mission throughout the divided island, as sanctioned by the UN Security Council, while reiterating the US position for
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The International Investment Funds Association (IIFA) will host its 36th annual conference in Cyprus next year, a decision heralded as a vote of confidence in the local sector. A statement by the Cyprus Investments Funds Association (CIFA) said the country received a positive vote from the members of IIFA for organising the Conference in 2023
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The newest Omicron sub-variant BQ1 of coronavirus is expected to surface in Cyprus, but it’s not more aggressive than previous strains, said virologist Petros Karayiannis. He predicted a new COVID wave for the coming winter but said this would probably be at the level of the outbreak in the summer and urged vulnerable groups to
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Stock markets could rocket if the Federal Reserve signals it will slow down its rate-hiking agenda during Wednesday’s policy meeting, the CEO of a leading financial advisory and fintech said ahead of the U.S. central bank’s two-day meeting. The Fed is widely expected to raise its benchmark interest rate by three-quarters of a percentage point
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The European Parliament’s committee of inquiry to investigate the use of Pegasus and equivalent surveillance spyware (PEGA) has received answers from Cypriot officials and will now “corroborate them”. A committee delegation visiting Cyprus held separate meetings with Attorney-General George Savvides, Commerce Minister Natasa Pilides and Deputy Minister for Research and Digital Policy Kyriacos Kokkinos. “We
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Cypriot authorities have announced that Cyprus will no longer apply facilitated rules for Russian citizens applying for tourist visas. Foreign Ministry sources told news site Philenews that starting from December 1, the country will start charging Russians that apply for tourist visas; they were previously exempt from visa fees. In line with the new rules
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Βy Han Tan, Chief Market Analyst at Exinity Group The uncertainty leading up to Wednesday’s FOMC meeting has gripped markets that are desperate to be vindicated about the Fed pivot narrative. Confirmation that the aggressive front-loading of the Federal Reserve’s ongoing rate hike cycle are now out of the way could offer a further major
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