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Date: 22.07.2019
Cyprus Economy
Cyprus Economy
Shipping Deputy Ministry in touch with British companies in view of Brexit

Day: 19/07/2019 14:24

Shipping Deputy Minister Natasa Pilides has said that the ministry is in continuously in touch with British companies it cooperates with in view of the possibility of a disorderly Brexit.In statements, after a meeting with leader of the Social Democratic EDEK Marinos Sizopoulos, Pilides...

Interior Minister calls for a comprehensive solution as regards migration flows

Day: 19/07/2019 06:32

Interior Minister Constantinos Petrides stressed on Thursday the need for a comprehensive and substantive solution with a view to achieve an effective management of migration flows to the EU, pointing out the disproportionate migratory pressure on Cyprus.Speaking during the informal Justice...

Justice Minister: EU solidarity needed in case of hybrid threat

Day: 19/07/2019 13:55

Minister of Justice and Public Order George Savvides has said that the EU member states must act on the basis of solidarity in case of an hybrid threat.The Minister, who was addressing the Informal Meeting of Justice and Home Affairs Ministers that took place 18 and 19 of July in Helsinki, Finland...

President ready to meet the Turkish Cypriot leader

Day: 18/07/2019 13:49

Government Spokesman Prodromos Prodromou said on Thursday that President Nicos Anastasiades was ready to meet with Turkish Cypriot leader Mustafa Akinci, welcoming the latter’s proposal for an informal conference. The President of the Republic expresses contentment over the fact that Mr...

Five exploratory drillings to be carried out in the next two years

Day: 18/07/2019 06:32

In his speech at the Economist Conference “23rd Roundtable with the Government of Greece: Europe leaving indecisiveness behind?”, held on Wednesday, July 17, in Athens, Minister of Energy, Commerce and Industry of the Republic of Cyprus, Giorgos Lakkotrypis said that within the next two...

Moody's: Amendments to foreclosure framework hamper banks’ efforts to reduce problem loans

Day: 18/07/2019 13:46

Moody’s rating agency warned on Thursday that the amendments approved by the Parliament of Cyprus to the legal framework governing foreclosures were "credit negative", as it expected that they would "hamper banks’ efforts to reduce problem loans".The credit rating...

Τrips abroad increase by 19.5%

Day: 17/07/2019 12:51

According to the Passengers Survey, 137.992 residents of Cyprus returned from a trip abroad in June 2019 compared with 115.450 in the corresponding month last year, an increase of 19.5%.Cystat said that in June 2019 saw an increase of 5.6% in the trips of residents to Greece (43.190 in June 2019...

Trade deficit reach €1.9 bn

Day: 17/07/2019 08:10

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May 2018 (€189.9 bn), according to Eurostat, the statistical service of the EU.Imports from the rest of the world stood at €180.3 bn, a...

Tourist arrivals decreased in June

Day: 17/07/2019 12:48

Arrivals of tourists fell to 509.662 in June 2019 compared with 511.073 in the same month of 2018, recording a decrease of 0.3%, according to the Passengers Survey published on Wednesday by the Statistical Service.Between January – June 2019 arrivals of tourists dropped to 1.631.023 from 1....

The EU28 adopted measures against Turkey

Day: 16/07/2019 07:50

The EU Foreign Ministers endorsed, without any changes the conclusions prepared by the permanent representatives, concerning Turkey’s illegal drilling in the Exclusive Economic Zone (EEZ) of Cyprus, cutting the EU pre-accession assitance for 2020, suspending EU- Turkey high political...

European Economy
European Economy
MPs prepare to vote on bid to hamper no-deal Brexit

Day: 18/07/2019 13:13

British lawmakers will vote on Thursday on a beefed-up proposal aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament...

What to expect from President von der Leyen

Day: 17/07/2019 13:57

The former German defence minister secures Brussels’ top job seemingly against the odds...

French central banker says ECB should not be markets driven

Day: 16/07/2019 13:45

Villeroy de Galhau’s comments come as survey points to German economic gloom...

Johnson vows to support farmers in event of no-deal Brexit

Day: 12/07/2019 09:57

Boris Johnson, the favourite to become Britain's next prime minister, said on Thursday he would support the farm sector if the European Union decided to pursue the "absolute folly" of imposing tariffs on UK exports in the event of a no-deal Brexit...

Hot summer ahead for sterling as UK economy, politics go sour

Day: 11/07/2019 08:06

Even after losing almost 20% of its value since the 2016 Brexit referendum, Britain's pound continues to be dogged by economic, politic and diplomatic pressures...

British ambassador to Washington quits after spat over leaked memos

Day: 10/07/2019 13:48

Britain’s ambassador to Washington quit on Wednesday after days of stinging criticism from Donald Trump, leading to accusations that Boris Johnson...

New UK PM must put Brexit plan to second referendum: Labour's Corbyn

Day: 09/07/2019 13:53

Opposition Labour Party leader Jeremy Corbyn on Tuesday said Britain's next prime minister must put their Brexit plan to a second referendum on European Union membership, saying his party would campaign to remain...

Deutsche Bank starts cull of 18,000 jobs

Day: 08/07/2019 07:09

German lender begins its most radical strategic overhaul in two decades...

Deutsche Bank's investment bank chief exits in unfolding multi-billion dollar overhaul

Day: 05/07/2019 14:18

The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender readies a multi-billion dollar restructuring aimed at reversing a decline in its fortunes...

German Bund yield plumbs new low

Day: 04/07/2019 13:44

Investors predict renewed stimulus from ECB under Christine Lagarde...

Greek Economy
Greek Economy
Greek Minister Says Country Will be Most Pro-Business in EU

Day: 18/07/2019 13:15

With new Prime Minister and New Democracy leader Kyriakos Mitsotakis vowing to restart billions of euros of projects stalled by the former ruling Radical Left SYRIZA...

Greece’s New Parliament is Sworn in

Day: 17/07/2019 14:04

he 300 deputies of the 18th session of the Hellenic Parliament were sworn in on Wednesday with three successive oaths...

Setting Golden Dawn Having Trouble Paying Rent

Day: 16/07/2019 13:46

Bounced out of the Greek Parliament in July 7 snap elections after falling out of favor with voters, the accused neo-Nazi Golden Dawn party, with all its 15 lawmakers on trial on charges of running...

Greece’s Νew Cabinet

Day: 09/07/2019 13:55

Greece’s new Cabinet has been sworn in, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly...

New Democracy’s Kyriakos Mitsotakis Wins Greek Election, Ousts Left-Wing PM Tsipras

Day: 08/07/2019 07:12

Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece’s parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...

Slamming SYRIZA, Hellenikon Developer Says Project Now Unsound

Day: 04/07/2019 13:46

The $8 billion development of the abandoned Hellenikon International Airport that was to be the crowning jewel in the so-called Athens Riviera renaissance could be stopped after the Greek company leading...

Greek Unemployment Rate Eased to 18.1 pct in March, Eurostat Report

Day: 01/07/2019 13:50

he Greek unemployment rate eased to 18.1 pct of the workforce in March from 18.4 pct in February, Eurostat said in a report released here on Monday...

Defense Min. Apostolakis Talks with Turkish Counterpart Akar at NATO Meeting

Day: 28/06/2019 09:03

Greek National Defense Minister Evangelos Apostolakis met with his Turkish counterpart Hulusi Akar on the sidelines of the NATO ministers meetings in Brussels on Wednesday, and expressed Greece’s protest over Turkey’s presence in the Cyprus EEZ...

Greek PM Seeks Turkey Condemnation by EU Leaders

Day: 19/06/2019 06:23

Greece is urging European Union leaders to condemn Turkey over its actions in a natural gas drilling dispute in the Eastern Mediterranean...

Greek Unemployment, Highest in EU, Dips in Early 2019

Day: 14/06/2019 06:33

Greek national statistics show that unemployment, long the highest in the European Union, fell in the first quarter when compared to last year, but still afflicts around one in five Greeks...

World Economy
World Economy
Iran’s Revolutionary Guards seize foreign tanker

Day: 18/07/2019 13:10

Crude prices rise amid high tensions in the Gulf...

Wall Street finds blockchain hard to tame after early euphoria

Day: 16/07/2019 13:43

Two years ago Nasdaq Inc (NDAQ.O) and Citigroup Inc (C.N) announced a new blockchain system they said would make payments of private...

China’s economy grows at slowest rate in nearly 30 years

Day: 15/07/2019 14:21

US tariffs having ‘major effect’ on companies ‘wanting to leave China’, says Trump...

Trump hits out at Facebook’s Libra and bitcoin

Day: 12/07/2019 09:31

President says social network’s planned cryptocurrency will need to be regulated...

UK navy stops Iran attempt to ‘impede’ BP tanker

Day: 11/07/2019 08:04

British government say ships tried to halt journey in Strait of Hormuz...

Trump softened Hong Kong protest stance to revive trade talks

Day: 10/07/2019 13:46

President told Xi Jinping US would tone down criticism of China’s approach...   

Trump renews attack on UK ambassador Kim Darroch

Day: 09/07/2019 13:52

White House disinvites British envoy from dinner after Twitter warning by US president...

In jab at U.S., China vice president says world cannot shut China out

Day: 08/07/2019 07:11

China and the rest of the world must co-exist, Chinese Vice President Wang Qishan said on Monday, in an indirect jab at the United States with which Beijing is currently trying to resolve a bitter trade war...

North Korea stands firm on sanctions relief

Day: 04/07/2019 13:42

A new public broadside by North Korean officials against U.S.-backed sanctions highlights the tough road ahead as negotiators prepare for talks in the wake of Sunday's meeting between President Donald Trump and North Korean leader Kim Jong Un...

Hong Kong protesters run riot in legislature, smashing paintings, doors in challenge to China

Day: 01/07/2019 13:48

Hundreds of Hong Kong protesters stormed the legislature on the anniversary of the city’s 1997 return to China on Monday...