By Lukman Otunuga, Senior Research Analyst at FXTM A sense of positivity returned to financial markets Tuesday as the prospects of more ceasefire talks between Russia and Ukraine soothed investor jitters. Asian shares opened higher, tracking the positive overnight cues from Wall Street as market players cast aside fears of rising interest rates to focus
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Cyprus supports the creation of a registration platform for all refugees from Ukraine to assist EU states in relocation and solidarity, Interior Minister Nicos Nouris said. He commented after Monday’s extraordinary meeting of the EU Justice, and Home Affairs Council held in Brussels. Nouris said the situation in Moldova and its request for the resettlement of
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Energy Minister Natasa Pilides told Daily News Egypt the cost of the EuroAfrica interconnector project costs €2.5 bln, including €1.5 bln to connect Crete with Cyprus and €1 bln to connect the island with Egypt. She said the current period is witnessing discussions and completing technical studies related to the project. During the next few
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By Craig Erlam European markets started the week on a positive note, with indices up close to 1% on Monday on the back of softer commodity prices and confirmed talks between Ukraine and Russia. Broadly speaking, stock markets remain in a consolidatory phase and have been for almost a couple of weeks, but they’ve certainly
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Armenia has found its way back to the green category on Cyprus’ safe travel list based on COVID-19 risk, joining a select band of five countries. Cyprus has lifted all travel restrictions for the fully jabbed while classifying countries according to their COVID risk, with rules applicable to passengers without a vaccination or recovery record.
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Cyprus reported a record 6,494 coronavirus cases and three deaths on Monday, with hospitalisations increasing for the tenth day in a row to 190, and the national infection rate remaining above the 5% marker. New daily Covid-19 cases skyrocketed to a thousand more than the previous record 5,457 on January 4, with experts at the
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The European Commission called on member states to immediately end any existing investor citizenship schemes and withdraw citizenships granted to Russians or Belarusians sanctioned over Ukraine. Commission spokesperson Annita Hipper said Monday that member states are urged to recall or not renew residence permits for Russian or Belarusian investors on the EU’s list of sanctioned persons.
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Despite the war in Ukraine and soaring prices, Cyprus tourism boss Savvas Perdios is confident the island will see the same number of tourist arrivals as it did in 2021. Last year, 1.93 million tourists visited Cyprus, a spike of 206.7% since 2020 when the island banned commercial flights from March to June to contain
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Economists fear that hiking inflation now being fed by the war in Ukraine could trigger another debt crisis on the island as households struggle to pay off their loans. According to CyStat data, the inflation rate in February reached 6.6%, while experts feel the ongoing conflict in Eastern Europe could push up prices of essential
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Cypriot authorities are investigating complaints that dead carcases of kangaroos and other animals from a zoo were unceremoniously dumped at a landfill site in bin liners. The Animal Party Cyprus said Monday the police and local authorities launched a probe into the allegation of protected animals being disposed of in municipal plastic bags. It said
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