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Interview: President sees market return end ’15, wary on more Russia sanctions
By Michele Kambas Cyprus expects to return to international markets late next year but cannot rule out testing the waters earlier to gauge the appetite for Cypriot debt, President Nicos Anastasiades...
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Economy to stagnate in 2015 amid soaring NPLs: EBRD
By Stelios Orphanides Cyprus’ economy will stagnate in 2015 after shrinking 3.5 per cent this year, the European Bank of Reconstruction and Development (EBRD), which decided in May this year to...
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UK and Germany to cover losses from Russian market
Increased arrivals from the UK and Germany in 2015 are expected to offset potential losses of up to 100,000 tourists from Russia, the House Trade Committee heard on Tuesday. Energy, Trade, and Tourism...
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Russian crisis could keep Cyprus in recession for longer
By Michele Kambas Economic woes in Russia are tempering prospects of bailed-out Cyprus returning to growth in 2015 and mean the island nation risks a fifth year of recession, analysts say. As the...
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Last year was hottest on record globally
By Valerie Volcovici Last year’s global average temperature was the hottest ever by the widest margin on record, two US government agencies said on Wednesday, adding to pressure for deep greenhouse gas...
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Revenue from tourism rises 4.4% to €2.2bn
By Stelios Orphanides Revenue from tourism rose in 2015 4.4 per cent to almost €2.2bn compared to the year before to €2.1bn, which roughly €60.6m below the 2001 all-time revenue record, the statistical...
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