Cyprus National Guard Chief, Lieutenant General Demokritos Zervakis, paid an official visit to Jordan, during which the importance of their bilateral defence cooperation was reaffirmed. A Defence Ministry statement said the two sides discussed developments in the Middle East and the broader Eastern Mediterranean region and various aspects of the defence cooperation between the two
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Conservation and restoration works are taking place or are scheduled to be done in dozens of churches and mosques across Cyprus by the bicommunal Technical Committee for Cultural Heritage. Meanwhile, work carried out at the Salamina archaeological site concluded at the end of November is described as a landmark project. Member of the Committee, Sotos
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Cyprus reported no coronavirus deaths for the first time in nine days, with new daily cases dropping to 3,777 on Thursday, yet hospitalisations rising to 235. An unprecedented surge of COVID-19 cases, powered by the Omicron variant, has seen over 100,000 people go into isolation, with daily cases exceeding 5,000 three times during the past
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The banking system, unquestionably strained by the uncertainty created by the pandemic, is going through a prolonged period of low-interest rates. At the same time, it has excessive liquidity, which, combined with the quantitative easing measures applied by the European Central Bank (ECB), creates an additional cost for institutions. Cypriot banks have to manage a
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By Lukman Otunuga, Senior Research Analyst at FXTM Stock markets are limping into Thursday’s session in a frightened state after the minutes from the December Federal Reserve meeting pointed to a faster than expected hike in interest rates. Asian stocks flashed red this morning following the heavy selloff on Wall Street overnight as hawkish signals
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Samuel Bankman-Fried, CEO of the digital currency exchange FTX, said 2022 is ripe for introducing the first batch of regulations for the cryptocurrency space. Speaking to Bloomberg Technology, Fried acknowledged that due to the sector’s complexity, the regulation wouldn’t arrive in a single batch, but the market should expect some activity following years of preparation. He noted
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A new venture with enormous potential to shake-up the status quo in the crypto market is coming very soon amid the current Bitcoin slump, the CEO and founder of a game-changing financial giant has confirmed. Nigel Green of deVere Group, a long-time cryptocurrency advocate and tech enthusiast, said: “We can’t wait to share our secret
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Cyprus reported three coronavirus deaths on Wednesday, with new infections at 5,202, the second highest to date, as hospitalisations improved slightly, despite the domination of the Omicron variant. The health ministry said in its daily Covid bulletin that two women, aged 58 and 91, and an 80 year old man died within the last 24
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In December, the number of registered unemployed in Cyprus dropped by an annual 55.7% to 14,800 people out of work. According to data published by the Statistical Service, compared to December 2020, those registered unemployed fell by 18,582 persons. The reduction was mainly driven by the sector of accommodation and food service activities, where the
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The Cypriot economy in 2021 recovered the output lost during the COVID crisis and will continue to grow at an average of 3.7% GDP in 2022 – 2024, the Central Bank of Cyprus predicts. According to its economic bulletin, risks to the baseline scenario are balanced albeit slightly upside concerning inflation. The Central Bank said
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