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Date: 23.04.2019
Cyprus Economy
Cyprus Economy
Anastasiades to hold a meeting with Putin in China

Day: 22/04/2019 13:20

President of the Republic of Cyprus Nicos Anastasiades will hold a meeting in China next week with Russian President Vladimir Putin.Replying to CNA questions, Government Spokesman Prodromos Prodromou said that President Anastasiades departs on Monday to China, upon the invitation of the President...

Spokesman: President's goal is the resumption of talks the soonest

Day: 22/04/2019 13:22

President of the Republic, Nicos Anastasiades` goal is for the Cyprus talks to resume as soon as possible and on the correct basis, Government Spokesman Prodromos Prodromos has said.Invited by the CNA to comment on press reports that the UN Secretary-General is planning to convene a conference on...

Cyprus – UK relations bigger than Brexit

Day: 19/04/2019 06:40

British High Commissioner to Cyprus Stephen Lillie said Thursday that Cyprus – UK relation was bigger than Brexit, speaking at the 9th Nicosia Economic Congress on “The Cyprus Economy, the way forward. ”Lillie said he was confident that whatever happens with Brexit...

Health Minister outlines opportunities for investment in the sector

Day: 19/04/2019 06:43

Health Minister Constantinos Ioannou has outlined the opportunities for potential investors in Cyprus’ health sector.Addressing the Nicosia Economic Congress Ioannou said that after the introduction of the National Health System, known as GeSY there will be no duplication of resources, adding...

East Med Gas Forum would turn into an international organisation

Day: 19/04/2019 06:45

Minister of Energy Yiorgos Lakkotrypis said Thursday that the East Med Gas Forum (EMGF), comprising seven countries will meet again in June to proceed with an agreement to take the form of an international organization.Speaking at the 9th Nicosia Economic Congress on “The Cyprus Economy, the...

Shipping Deputy Minister: Companies show increased interest in Cyprus

Day: 19/04/2019 06:47

Shipping Deputy Minister, Natasa Pilides said that there is increased interest by shipping companies to set a base in Cyprus after Brexit, in order to maintain the EU status and for easier trading with the EU market.Speaking at the 9th Nicosia Economic Congress, Pilides said that Cyprus could...

Prospects for advancing economic cooperation between Cyprus and Georgia

Day: 18/04/2019 12:00

Cyprus President, Nicos Anastasiades, highlighted on Thursday the prospects to advance the economic cooperation between Cyprus and Georgia, noting at the same time that the two countries enjoy a long-standing exceptional relationship, founded on concrete and deeply-entrenched historical, political...

Central Bank Governor: Anti-money laundering efforts beginning to be recognised abroad

Day: 18/04/2019 11:59

Governor of the Central Bank of Cyprus Constantinos Herodotou has spoken of a new culture of compliance in Cyprus banks on anti-money laundering since 2013 and that progress so far is beginning to be recognised abroad.Herodotou was addressing the 9th Nicosia Economic Congress on “the Cyprus...

Cypriots’ trips abroad increase by 9%

Day: 18/04/2019 06:37

Trips abroad carried out by residents of Cyprus increased by 9% in March year one year, data released by the Cyprus Statistical Service (Cystat) show. On the basis of the results of the Passengers Survey, 111,434 residents of Cyprus returned from a trip abroad in March 2019 compared to 102,260...

Tourist arrivals in March mark first annual reduction in four years

Day: 18/04/2019 06:36

Tourist arrivals in March 2019 declined by 11.5% on an annual basis, marking the first reduction since June 2015. According to data released today by the Cyprus Statistical Service (Cystat), tourist arrivals in March 2019 amounted to 169,934 compared with 192,090 in March 2018. The sizeable...

European Economy
European Economy
Germans switch to stock market in search of returns

Day: 19/04/2019 06:27

Traditional ambivalence is waning in the face of minimal returns from savings accounts...

Deutsche Bank internal probe found €175m of Russian dirty money

Day: 18/04/2019 06:29

German lender braced for potential fines and prosecutions over ‘Russian laundromat’ scandal.

French President Macron hopes to rebuild Notre-Dame in five years

Day: 17/04/2019 06:37

President Emmanuel Macron pledged on Tuesday that France would rebuild the fire-devastated Notre-Dame de Paris cathedral, saying he hoped the work would be done in five years and the French people would pull together to repair their national symbol...

Germany warns Britain cannot have further Brexit extension

Day: 16/04/2019 06:25

Germany’s foreign minister has warned London that there will be no Brexit extension beyond October, sending out the strongest signal yet that Berlin’s patience with the UK’s deadlocked political system is starting to wear out...

Finland’s Social Democrats face coalition battle

Day: 15/04/2019 06:55

Finland’s main centre-left, populist and centre-right parties were in a virtual three-way tie in parliamentary elections that point to severe difficulties in forming a viable coalition government...

UK PM May defends Brexit delay, critic asks her to resign

Day: 12/04/2019 06:22

British Prime Minister Theresa May defended her decision to delay Brexit and seek a compromise exit plan with the opposition Labour Party as one angry lawmaker from her own party stood up in parliament on Thursday and asked her to resign...

EU leaders agree to six-month Brexit delay

Day: 11/04/2019 07:18

Theresa May told she has until end of October to finalise UK’s departure.EU leaders have delayed Brexit for up to six months, overriding the objections of French President Emmanuel Macron and setting a Halloween deadline for Britain to leave the bloc...

France signals UK could stay in EU for almost another year

Day: 10/04/2019 07:08

France has signalled the UK could remain in the EU for almost another year but will have to meet strict conditions, as the bloc’s leaders prepare to decide on whether and by how long to delay Brexit...

May enrages hardline Brexiters with plans for European elections

Day: 09/04/2019 06:25

Theresa May on Monday night infuriated Conservative Eurosceptics as she paved the way for Britain to take part in next month’s European parliamentary elections and reopened talks with Labour’s Jeremy Corbyn on a compromise Brexit deal...

European shares firm, Irish stocks hit highest close in six months

Day: 08/04/2019 06:54

European shares rounded off a solid week on Friday, as better than expected German and U.S. data bolstered risk appetite, while Irish stocks surged to their best closing level in nearly half a year amid a possible delay to Brexit.

Greek Economy
Greek Economy
Kammenos Wants Greece’s Name Deal With North Macedonia Annulled

Day: 18/04/2019 06:34

Powerless to stop a deal Greece made to for a newly-named North Macedonia, former defense minister Panos Kammenos said it should be called off because of what he claimed were repeated violations of the terms...

SYRIZA Bill Legalizing Unlawful Seaside Structures Revised

Day: 17/04/2019 06:41

After withering criticism that it would open Greece seasides to runaway unlawful buildings, a bill pushed by the ruling Radical Left SYRIZA to legalize the structures has been changed to take away a protection against demolition...

Greece Looks to Repay IMF Early as Bond Yields Tumble

Day: 16/04/2019 06:43

The Greek government says it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates tumbled to their lowest level since 2005...

After 18 months, Greek, Turkish Foreign Ministries Talking Again

Day: 15/04/2019 06:57

With tensions remaining high over the Aegean, envoys from Greece’s and Turkey’s foreign ministries met here formally for the first time in 18 months to talk about ways to de-escalate anxieties provoked by constant violations of Greek airspace and waters...

Greek Unemployment Rate Fell to 18.5 Pct of the Workforce in January

Day: 12/04/2019 06:43

The Greek unemployment rate edged up to 18.5 pct of the workforce in January, from 18.4 pct in December 2018, but was down from 20.6 pct in January 2018, Hellenic Statistical Authority said on Thursday...

Athens Intern’l Airport Wins +20 Million Passengers Routes Award

Day: 11/04/2019 07:24

The Athens Airport “El. Venizelos” won the first prize in the category ‘Over 20m pax’ (+20 million passengers per annum) at the Routes Europe 2019 awards held in Hanover on Tuesday...

Novartis Case, “Biggest Scandal” in Greek History, Falling Apart

Day: 10/04/2019 07:14

Greek corruption prosecutors said they can’t find evidence against nine of 10 rival politicians accused by Prime Minister Alexis Tsipras of “the biggest scandal since the establishment of the Greek State,” and taking bribes from the Swiss pharmaceutical company Novartis...

False Facebook Post Greek Borders Open Drew Migrant Rush

Day: 09/04/2019 07:27

Hundreds of migrants who flocked to Greece’s border with North Macedonia in a desperate rush to get to other European Union countries and escape long detention went there after a false post by a pro-refugee group on Facebook they would be allowed to cross...

Varoufakis: Tsipras Wanted to Seize 17 Billion Euros in Safe Deposit Boxes

Day: 08/04/2019 07:43

Greece’s former Finance Minister Yanis Varoufakis, who was ousted after clashing with the country’s creditors, said Prime Minister and Radical Left SYRIZA leader Alexis Tsipras considered having safe deposit boxes raided to seize some 17 billion euros ($19.1 billion.)

New Household Insolvency Law Credit Positive for Greek Sovereign and Banks, Moody’s Says

Day: 05/04/2019 07:20

A new law passed by the Greek Parliament on the revision of household insolvency legislation (so-called Katseli law), which tightens criteria for the eligibility of borrowers to obtain protection from foreclosure, is credit positive both for the Greek sovereign and its banks, Moody’s said in...

World Economy
World Economy
Sri Lanka lifts curfew as death toll from attacks rises sharply

Day: 22/04/2019 07:23

Authorities lifted a curfew in Sri Lanka on Monday, a day after a string of bombings at churches and luxury hotels...

In unflattering detail, Mueller report reveals Trump actions to impede inquiry

Day: 19/04/2019 06:30

Special Counsel Robert Mueller’s report on his inquiry into Russia’s role in the 2016 U.S. election described in extensive and sometimes unflattering detail how President Donald Trump...

State media says new tactical weapons test overseen by North Korean leader

Day: 18/04/2019 06:31

North Korean leader Kim Jong Un oversaw the testing of a new tactical guided weapon, state media said on Thursday, the North’s first public weapons test since a second summit with the United States ended without agreement in February...

China GDP grows faster than expected in first quarter

Day: 17/04/2019 06:34

Expansion of 6.4% follows stimulus efforts and US backdown on threat to escalate trade war.The Chinese economy grew at a faster-than-expected rate during the first quarter of this year, after US President Donald Trump last month backed down from a threat to escalate his trade war with Beijing and...

Fire guts Notre-Dame Cathedral in Paris; Macron pledges to rebuild

Day: 16/04/2019 06:29

A massive fire consumed Notre-Dame Cathedral on Monday, gutting the roof of the Paris landmark and stunning France and the world, though firefighters saved the main bell towers and outer walls from collapse before bringing the blaze under control...

U.S. waters down demand China ax subsidies in push for trade deal - sources

Day: 15/04/2019 06:52

 U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. objective for the trade talks...

Uber IPO prospectus shows ride-hailing revenues stalled

Day: 12/04/2019 06:24

Prospectus warns it will have to spend heavily if it is to see off competitorsUber revealed the intense competitive pressures on its ride-hailing and food delivery businesses in a prospectus for its upcoming initial public offering, telling potential investors that it will continue to spend heavily...

Big numbers turn out for first day of India's giant election

Day: 11/04/2019 07:21

Indians turned out in big numbers to vote in the first phase of a mammoth general election on Thursday, with Prime Minister Narendra Modi seeking a second term after campaigning on his national security record amid tensions with rival Pakistan...

Israel's Netanyahu secures election victory: Israeli TV channels

Day: 10/04/2019 07:12

Prime Minister Benjamin Netanyahu has won the Israeli national election, securing a record fifth term in office despite running neck-and-neck with his challenger Benny Gantz, the country’s three main television channels said on Wednesday...

China says it wants to eliminate bitcoin mining

Day: 09/04/2019 07:22

China’s state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector...