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Date: 22.08.2019
Cyprus Economy
Cyprus Economy
News in September over flights to Cyprus and German market

Day: 21/08/2019 13:51

The next month will be crucial for the tourist industry in Cyprus, Tourism Deputy Minister Savvas Perdios has said, noting that he expects to be informed in September about an increase in flights to Cyprus  and about the outcome of efforts to attract tourism from GermanyPerdios who was...

Nine confirmed cases of Western Nile Virus

Day: 21/08/2019 13:53

The Health Ministry’s public health services announced that nine confirmed cases of Western Nile Virus (WNV) have been reported in Cyprus, four of them in the wider Nicosia area, four in the Famagusta area and one in Larnaca district.According to an announcement issued by the Public Health...

New UK Minister for Europe declares support for Cyprus

Day: 22/08/2019 13:08

The new UK Foreign Minister for Europe, Christopher Pincher, has declared the new British government’s support for the Cyprus issue settlement process and its will to deepen the relationship between London and Nicosia.In a letter to the President of the National Federation of Cypriots in the...

Cyprus’ Institutes of Further Education to offer Arabic lessons

Day: 22/08/2019 06:51

The Cabinet endorsed on Wednesday the instruction of Arabic in the State Institutes of Further Education, after a relevant proposal by the Minister of Education. Government Spokesman Prodromos Prdromou said after a Cabinet meeting, in Troodos, that “this is an important decision,...

Cabinet to discuss next week a proposal for fallen Greek Cypriots

Day: 21/08/2019 11:06

Presidential Commissioner Photis Photiou is putting forward a proposal before the Cabinet, providing for the establishment of an investigation mechanism for fallen Greek Cypriots and Greeks, who are still buried in the Turkish occupied areas. The proposal is expected to be discussed next week by...

Cyprus: 54.2 road accident fatalities per 1 million inhabitants

Day: 20/08/2019 11:12

The number of fatalities recorded in road traffic accidents in the European Union (EU) is estimated to be around 25 000 in 2017, corresponding to 50 fatal accidents per million inhabitants according to date released today by Eurostat, the statistical office of the EU. The annual number of deaths on...

Significant annual increase of industrial turnover index

Day: 20/08/2019 12:51

The Industrial Turnover Index for May 2019 reached 145,1 units (base 2015=100), recording an increase of 8.1% compared to May 2018.According to the Statistical Service of Cyprus, for the period January – May 2019, the index showed an increase of 7.9% compared to the corresponding period of...

Turnover value index in transport and storage records decrease

Day: 20/08/2019 12:49

The Turnover Value Index of Transport and Storage for the second quarter of 2019 recorded a decrease of 2.5% compared to the corresponding quarter of 2018.According to the Statistical Service, by economic activity, an increase of 5.5% was recorded in warehousing and support activities for...

Increase in number of Cyprus residents returning from tips

Day: 19/08/2019 11:20

An increase of 1.1% was recorded in the number of residents of Cyprus returning from a trip abroad in July 2019, compared to July 2018. On the basis of the results of the Passengers Survey, by the Statistical Service, 166,175 residents of Cyprus returned from a trip abroad in July 2019...

Record number of tourists for July 2019

Day: 19/08/2019 11:19

July 2019 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month, with arrivals of tourists reaching 550,971 in July 2019 compared to 539,626 in July 2018, recording an increase of 2.1%. According to the Passengers Survey of the Statistical Service, for...

European Economy
European Economy
Merkel aims to work out friction-free Brexit with British PM

Day: 21/08/2019 14:07

German Chancellor Angela Merkel said she would discuss how to make sure Britain's divorce from the European Union is as smooth as possible when she holds talks later on Wednesday with British Prime Minister Boris Johnson...

'Ready and willing' to do a Brexit deal, Britain tells EU

Day: 06/08/2019 14:11

Britain is "ready and willing" to do a deal to leave the European Union if Brussels renegotiates the agreement, a senior government source said on Tuesday, denying that a no-deal Brexit was Prime Minister Boris Johnson's central plan...

Brexit casts a double cloud over IAG

Day: 02/08/2019 14:14

British Airways owner IAG is remarkably unscathed by Europe’s airline price war...

Brexit uncertainty spurs Bank of England to cut UK growth forecasts

Day: 01/08/2019 13:26

Policymakers hold rates steady but see 1 in 3 chance of economy shrinking in early 2020...

Ryanair tells staff it has 900 more pilots and crew than needed

Day: 31/07/2019 15:12

Ryanair <RYA.I> has 500 more pilots and 400 more cabin crew than needed, and job losses will be announced in the coming weeks...

Pound under renewed pressure on rising Brexit jitters

Day: 30/07/2019 14:02

Currency has shed 4% since end of June as concerns deepen UK will leave the EU without a deal...

Germany's Merkel invites UK's Johnson to visit Berlin: spokeswoman

Day: 26/07/2019 14:35

German Chancellor Angela Merkel had a telephone conversation with Boris Johnson on Friday in which the British prime minister accepted her invitation to visit Berlin, Merkel's spokeswoman said in a post on Twitter...

British PM to speak with EU's Juncker amid push to break Brexit deadlock

Day: 25/07/2019 14:45

New British Prime Boris Johnson will speak by telephone with the European Union's chief executive Jean-Claude Juncker on Thursday afternoon at 15.45 GMT, an EU spokeswoman said, as he vowed to seek better Brexit terms from the bloc...

Incoming British PM Johnson picks Brexit's enfant terrible for top team

Day: 24/07/2019 13:55

Just hours before Boris Johnson was due to take office as prime minister, one of the most unconventional architects of Brexit was named as a senior adviser to help implement his pledge to leave the European Union by Oct. 31...

Johnson wins contest to become UK’s next prime minister

Day: 23/07/2019 14:20

Eurosceptic former minister faces huge challenge to unite his party and deliver Brexit...

Greek Economy
Greek Economy
Mitsotakis Pushes Plan for Diaspora Voting in Greek Elections

Day: 01/08/2019 13:29

Prime Minister Kyriakos Mitsotakis said his New Democracy administration will accelerate plans to let Greeks abroad in the Diaspora to have the vote in elections...

Stournaras Tells Fortune Greece Needs Big-Time Investors

Day: 30/07/2019 14:05

Backing up new Prime Minister Kyriakos Mitsotakis’ push for investors, Bank of Greece Governor Yannis Stournaras told...

Defense Minister Meets Top-Level US, NATO Official

Day: 26/07/2019 14:43

National Defense Minister Nikos Panagiotopoulos on Wednesday met with US Air Chief Marshal and chair of NATO’s military committee Sir Stuart Peach, who is paying an official visit to Greece...

Tsipras Says New Democracy Both Populist and Elitist

Day: 24/07/2019 13:57

After international media reported new Prime Minister Kyriakos Mitsotakis’ New Democracy had defeated the populist Radical Left SYRIZA in July 7 snap elections, former Premier Alexis Tsipras...

Mitsotakis Wants Troika to Lower Budget Surplus Target

Day: 23/07/2019 14:25

Having long complained that a primary surplus of 3.5 percent of Greece’s Gross Domestic Product (GDP) is too high and unsustainable...

Greek Foreign Chief Proposes Joint Energy Research Team with Turkey

Day: 22/07/2019 14:05

With Turkish drilling for gas in Cyprus’ Exclusive Economic Zone (EEZ) raising fears there could be a conflict there, Greece’s new Foreign Minister Nikos Dendias said his country and Turkey...

Strong Earthquake Rattles Athens, Shakes Up Tourists

Day: 19/07/2019 14:04

An earthquake said to register 5.1 to 5.3 on the Richter scale rumbled through Greece’s capital shortly before 2:30 p.m. on July 19, with no immediate reports of injuries or major damage...

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...

World Economy
World Economy
Renminbi hits weakest level in 11 years

Day: 05/08/2019 14:15

China’s central bank blames tariffs for move as Trump hits out at ‘major violation’...

US-China trade tensions hit global markets

Day: 02/08/2019 14:11

Stocks suffer sell-off while bonds rally on threat of fresh tariffs on $300bn of Chinese imports...

Iran says U.S. sanctioning of top diplomat 'childish' as tensions rise

Day: 01/08/2019 13:28

Iran accused the United States on Thursday of "childish behavior" driven by fear after Washington imposed sanctions on its foreign minister, fanning tensions between two foes at loggerheads over Gulf shipping...

Russia says U.S. may be aiming to quit nuclear test ban treaty

Day: 30/07/2019 14:03

The United States may be planning to blame Russian non-compliance as a pretext to pull out of the Comprehensive nuclear Test Ban Treaty...

Britain tells Iran: release ship to 'come out of the dark'

Day: 29/07/2019 14:26

Britain told Iran on Monday that if it wants to "come out of the dark" it must follow international rules and release a British-flagged oil tanker seized by its forces in the Gulf...

Turkey’s president calls for further interest rate cuts

Day: 26/07/2019 14:33

Erdogan says central bank’s decision, while welcome, does not go far enough...

Mueller dismisses Trump claim of ‘total exoneration’

Day: 24/07/2019 13:56

Former special counsel outlines ‘sweeping, systematic’ Russian interference in US election...

Iran observes all U.S. ships in Gulf region: Iran navy chief

Day: 23/07/2019 14:23

Iran observes all U.S. ships in the Gulf region and has an archive of images of their daily movements, the head of Iran's navy, Rear Admiral Hossein Khanzadi, said on Tuesday, according to the Young Journalists Club news site...

Iran says it disrupted US spy ring operating inside country

Day: 22/07/2019 14:03

Donald Trump calls claims false and hits out at ‘badly failing’ regime...

US navy shoots down Iranian drone in Strait of Hormuz

Day: 19/07/2019 13:59

Trump says aircraft flew close to USS Boxer and ignored ‘multiple’ calls to stand down...