MARKET TRENDS

Banks in Britain and US ban Bitcoin buying with credit cards

Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “cryptocurrencies”, fearing a plunge in their value will leave customers unable to repay their d [...]

BY Elena Economou
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Feb 05 2018

Second term for Anastasiades, says more still left to do

Nicos Anastasiades comfortably held on to the presidency on Sunday, winning a second five-year term with a 12 per cent lead over Akel-backed Stavros Malas and garnering 55.99 per cent of the vote to h [...]

MARKET TRENDS
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BY Elena Economou
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Feb 05 2018

Property for passports?

IT IS THE PARADISE island in Europe which has not suffered from deteriorating relations between Moscow and the West. Quite the opposite. Cyprus is home to thousands of Russians seeking sun, tax benefi [...]

MARKET TRENDS
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BY Elena Economou
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Feb 03 2018

Bitcoin skids to two-month low

Bitcoin, the world’s largest cryptocurrency, skidded 11 per cent on Thursday to its lowest since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against [...]

MARKET TRENDS
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BY Elena Economou
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Feb 02 2018

Economic sentiment strengthened in January 2018

Economic sentiment in Cyprus strengthened as the Economic Sentiment Indicator (ESI-CypERC) increased in January 2018 by 3.3 points compared with December 2017.According to a press release by the Unive [...]

MARKET TRENDS
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BY Elena Economou
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Feb 01 2018

Jobless rate seen at 11.3% in December, Eurostat says

Unemployment among youths in September, which was the latest available figure for Cyprus, was marginally revised upwards to 25 per cent, Eurostat said. The unemployment ratio in Cyprus among males and [...]

MARKET TRENDS
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BY Elena Economou
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Feb 01 2018

BOC ready to unconditionally compensate funds with €23m

The compensation to the provident funds will supplement a scheme announced by the government last year. In 2013, the government made €300m to compensate up to 50 per cent of the funds’ losses and [...]

MARKET TRENDS
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BY Elena Economou
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Jan 31 2018

Business as usual at co-op, say officials

The Cooperative Central Bank (CCB) indicated on Monday that other than some isolated cases of deposit withdrawals from worried customers there was nothing even approximating a run on the bank. Asked a [...]

MARKET TRENDS
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BY Elena Economou
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Jan 30 2018

Strategic Investment of $100 million in IronFX

New prospects have opened up for IronFX after the recent $100 million strategic agreementwith an institutional investor. The new investor is Gemini Financial Services (GFS), a Dubai-based financial se [...]

MARKET TRENDS
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BY Elena Economou
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Jan 29 2018

Anastasiades-Malas in second round, horse-trading to begin

Incumbent President Nicos Anastasiades on Sunday comfortably made it through to the second round of the presidential elections slated for February 4, garnering 35.5 per cent of the vote amid an electi [...]