In Partnership with StockWatch
Date: 18.10.2019
Cyprus Economy
Cyprus Economy
Tourist arrivals up by 0.9% in September

Day: 17/10/2019 12:32

Tourist arrivals hit a new record high in September 2019 according to the results of the Passengers Survey by the Statistical Service of Cyprus.Αrrivals of tourists reached 524,707 in September 2019 compared to 520,138 in September 2018, recording an increase of 0.9%. September 2019 had the highest...

Non-performing loans increase for a second month

Day: 16/10/2019 13:26

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) calculated according to EBA rules dropping by €11 million to €10.13 billion which corresponds to 30.8% of total loans, according to data released on...

IMF revises estimates for Cyprus’ primary surplus upwards

Day: 17/10/2019 06:58

The International Monetary Fund has revised upwards its forecast for Cyprus’ primary surplus for 2019 and for the next years, compared with its April forecast. In its October 2019 Fiscal Monitor, the IMF also said that it expected a bigger reduction of public debt. The Fund projects...

More Cypriot residents travelled abroad in September

Day: 17/10/2019 12:34

More Cypriot residents travelled abroad in September this year compared to the same month of 2018, data released by the Cyprus Statistical Service, on Thursday, show.In particular, on the basis of the results of the Passengers Survey, 132,409 residents of Cyprus returned from a trip abroad in...

Fitch revised Bank of Cyprus covered bonds`outlook to positive

Day: 17/10/2019 06:59

Fitch Ratings has revised Bank of Cyprus Public Company Limited`s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds` Outlook to Positive from Stable and affirmed the rating at `A`.The rating action follows the Outlook revision to Positive (from Stable) on Cyprus`s Long-Term...

Cyprus records deflation in September

Day: 17/10/2019 06:55

Cyprus recorded deflation in September on both a monthly and an annual basis. According to a press release published on the Cyprus Statistical Service’s website in September 2019 the harmonized index of consumer prices (HICP) fell by 0.5% compared to the index of September 2018.Compared...

IMF revises downwards projections for the Cypriot economy

Day: 16/10/2019 08:11

The International Monetary Fund downgraded its projections for the Cypriot economy as part of the slowdown of the global economy, due to subdued trade and softer industrial production. In its World Economic Outlook (WEO) the IMF said that the Cypriot GDP will expand by 3.1% compared with 3.5%...

Government swiftly proceeding with radical reform of judicial system

Day: 16/10/2019 08:09

We are fully aware of the problems that remain in the judiciary system and that is why we are swiftly proceeding with its radical reform, said President Nicos Anastasiades on Tuesday. He was speaking during a ceremony at the Presidential Palace where Haris Malahtos was sworn in as new member...

Cyprus President to participate in European Council deliberations

Day: 16/10/2019 08:09

The President of Cyprus Nicos Anastasiades will attend the European Council, taking place in Brussels, on October 17 and 18, to discuss Turkish violations, Syria and Brexit, among others.An announcement by the Presidency of the Republic says that among the issues to be discussed by the Council are...

Cyprus and Greece to set up coordination mechanism on economic issues

Day: 15/10/2019 13:31

Finance Minister Harris Georgiades announced Monday that Cyprus and Greece would set up a mechanism of cooperation and coordination on matters related to their economies and the EU agenda, following a meeting with his Greek counterpart Christos Staikouras, in Nicosia. Georgiades said that the...

European Economy
European Economy
Brexit talks go down to wire as Johnson seeks support

Day: 16/10/2019 13:30

Two sides haggle over deal as time runs out before EU leaders’ summit... 

EU's Barnier sees three Brexit scenarios: deal, extension, 'breakdown'

Day: 15/10/2019 13:38

The European Union's Brexit negotiator told the 27 EU states staying on together that he saw three possible scenarios ahead: a deal with Britain later on Tuesday...

Countdown to divorce: Meetings that will decide Brexit

Day: 14/10/2019 14:14

The following events will determine whether Britain exits the European Union as planned on Oct. 31 or the three-year-old Brexit saga takes another twist...

Brussels to embark on intensive Brexit negotiations

Day: 11/10/2019 13:35

Sterling climbs as optimism increases over new withdrawal agreement... 

EU ministers agree euro zone budget short of original ambitions

Day: 10/10/2019 14:35

European Union finance ministers agreed on a small budget for the euro zone on Thursday, ending two years of talks that exposed their divisions over greater integration...

Germany's Merkel and France's Macron to meet ahead of crunch Brexit summit

Day: 09/10/2019 13:49

The European Union's two most powerful leaders, Germany's Angela Merkel and France's Emmanuel Macron, will meet just days before a crunch Brexit summit next week which Britain says is the last chance to secure an orderly departure from the bloc...

Johnson allies admit Brexit deal hopes as good as dead

Day: 08/10/2019 14:29

Sterling falls after standoff between Downing Street and EU in wake of Merkel call...

UK appeals to EU leaders to engage on Brexit deal

Day: 07/10/2019 13:38

Boris Johnson faces a race against time to finalise an agreement by European summit...

EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

Day: 04/10/2019 14:05

European Union finance ministers are set to remove the United Arab Emirates (UAE) and Switzerland next week from the bloc's lists of countries deemed to be acting as tax havens, an EU document said...

UK is seeking to bridge ‘chasm’ on Brexit, says Johnson

Day: 03/10/2019 14:37

British prime minister insists he is serious about trying to secure a withdrawal deal...

Greek Economy
Greek Economy
Greek Budget Recorded Primary Surplus of 4.479 Billion Euros in Jan-Sept

Day: 15/10/2019 13:52

Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period from a budget target for a surplus of 1.467 billion and a primary surplus of 2.523 billion euros in the same period last year...

PM Mitsotakis Meets with Party Leaders on Voting Rights of Greeks Abroad

Day: 11/10/2019 13:39

Prime Minister Kyriakos Mitsotakis will have successive meetings with political party leaders on Friday to discuss the voting rights of Greeks living abroad...

EU OK’s Greece’s Plan to Cut Bad Loans 30 Billion Euros

Day: 10/10/2019 14:38

Greek banks awash in 80 billion euros ($88.18 billion) in bad loans will be able to benefit from a state plan to shed 30 billion euros ($33.07 billion)...

Greece joins club of negative-yielding debt issuers

Day: 09/10/2019 13:47

Portugal’s first auction since its election yields record low 0.49 per cent...

Mike Pompeo: The United States and Greece Showing the Way Forward

Day: 07/10/2019 13:42

Visiting Greece with the White House in turmoil, Secretary of State Mike Pompeo drew parallels between what he said is the resurgence of both countries...

PM Mitsotakis Discusses Fiscal Prospects, Primary Surplus Targets with Moscovici

Day: 04/10/2019 14:06

Prime Minister Kyriakos Mitsotakis on Friday received European Commissioner for Economic and Financial Affairs Pierre Moscovici at the Maximos Mansion...

Mass Media Unions Declare 24-Hour Strike

Day: 02/10/2019 10:59

Press and media trade unions have declared a 24-hour strike affecting all public and private mass media, the general secretariat for news and information and the Athens-Macedonian News Agency...

After Deadly Lesbos Migrant Camp Fire, Mitsotakis Convenes Cabinet

Day: 30/09/2019 13:53

A riot and fire at the swamped Moria refugee and migrant camp on the island of Lesbos that ended with two dead set Prime Minister Kyriakos Mitsotakis scrambling...

In New York, Mitsotakis Tells US Investors: Let’s Make a Deal!

Day: 27/09/2019 13:40

Using his trip to the United Nations General Assembly annual opening and talking to the Diaspora, Prime Minister Kyriakos Mitsotakis...

Investments and Eastern Mediterranean to Dominate Mitsotakis’ Meeting with Trump

Day: 24/09/2019 13:48

Geopolitical developments in the Eastern Mediterranean, as well as attracting U.S. investment in Greece, are expected to be at the centre of Prime Minister Kyriakos Mitsotakis’ meeting with U.S. President Donald Trump...

World Economy
World Economy
Turkey steps up offensive against Kurdish forces in Syria

Day: 10/10/2019 14:32

Ground troops seize villages and continue aerial bombardment of towns...

Kurdish Official Says Turkey Targeting Civilians

Day: 09/10/2019 13:46

A spokesman for the U.S.-backed Kurdish-led force in northern Syria says Turkish warplanes have started targeting “civilian areas” in northern Syria...

Index funds invest trillions but rarely challenge management

Day: 08/10/2019 14:30

Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions...

U.S. withdraws troops from northeast Syria ahead of Turkish offensive

Day: 07/10/2019 13:37

The United States is pulling troops from northeast Syria, a major policy shift that opens the way for a Turkish offensive against Kurdish-led forces and hands Turkey responsibility for thousands of Islamic State captives...

US envoy to Ukraine raised alarm over Trump aid threat

Day: 04/10/2019 14:03

Text messages suggest American officials pressured Kiev to investigate Joe Biden...

Diplomat at center of Trump-Ukraine affair to meet with House committee staff

Day: 03/10/2019 14:36

A longtime U.S. diplomat who served as President Trump's special envoy for Ukraine will tell his story to congressional committee staff today as part of a Democratic-led impeachment probe of the Republican president...

N Korea fires missiles day after announcing restart of US talks

Day: 02/10/2019 10:54

Launch is seen as a warning that Pyongyang wants concessions from Washington...

Moscow hopes US will refrain from releasing Trump-Putin phone records

Day: 27/09/2019 13:41

Trump has in the past met his Russian counterpart at summits without aides...

Whistleblower alleges Trump sought foreign meddling in 2020 election

Day: 26/09/2019 14:09

A whistleblower report released by a congressional panel on Thursday said President Trump used his office to solicit Ukraine's interference in the 2020 election to advance his personal political interests, risking U.S. national security...

House launches Trump impeachment inquiry

Day: 25/09/2019 13:54

Nancy Pelosi accuses US president of enlisting a foreign power to help win 2020 elections...