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President Anastasiades Vists Russia, President Putin

anastasiades russia

President Nicos Anastasiades is meeting with Russian President Vladimir Putin in Russia during his state visit between 24th-27th February, and it has been announced that Russia will extend Cyprus' 2.5 billion euro loan from 2018 to 2022 and lower the interest rate from 4.5% to 2.5% to support the economy.

The Deeper Economic Issue in Greece and Cyprus' Plights - Opinion

When Greece and Cyprus joined the European Union, they committed to a certain type of economic model based on a free market approach, competitiveness, and yes - capitalism. That's not to say that humanitarian or social issues are ignored in this model, indeed, it's meant to support more prosperous societies through job creation and productivity.

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Greece Floats Property Tax Changes Amid Anti-Govt Protests

tsiprasGreece's treasury department has reportedly floated the idea of tax-free property up to 500,000 euros in a plan that includes eliminating taxes on the primary family home, reports Newzit, amid overnight anti-government protests in Athens. 

Greece's Finance Minister Yanis Varoufakis has just agreed to extend the bailout for four months, after his list of economic reforms was accepted by the Eurogroup, which has a tight hold on Greece's purse strings via the European Central Banks' emergency lending facility.

Currency Markets Update - Analyst

Written by Jameel Ahmad, Chief Market Analyst at FXTM.

The USD struggled to find direction early on Thursday but pushed significantly higher against its trading partners later in trading. Durable goods in January climbed much higher than expected, which provided comfort to traders that the US economy is continuing to make progress.

Another contributor behind the prevailing support for the USD is that Federal Reserve Chairwoman Janet Yellen told the USD bulls what they needed to hear during her testimony to Congress, with this being confirmation that the FOMC will still be raising US interest rates this year. It might not occur as soon as the USD bulls would prefer, but knowing it is going to happen at some point is keeping the USD supported.

Excerpts from President Anastasiades, President Putin, Moscow Press Conference

putin cyprusGovernment statement below:
 
"The President of the Republic, Mr Nicos Anastasiades, and the President of the Russian Federation, Mr Vladimir Putin, gave today a joint Press Conference, in Moscow.
 
In his opening statement President Putin, speaking through an interpreter, said that “our negotiations with the President of the Republic of Cyprus took place in a constructive and positive atmosphere.

Russia Requests Airbase Use in Paphos - Govt. Spokesman

Russia has requested government permission for its military aircraft to use an airbase in Paphos during President Nicos Anastasiades' state visit to Moscow, and would be allowed to do so for humanitarian reasons, but there is no agreement yet, said government spokesman Nicos Christodoulides in comments to the state broadcaster.

Interview with Renowned Classical Pianist Yiannis Georgiou

Yiannis Georgiou is a renowned and popular Cypriot classical pianist who is performing on March 2nd, 2015 at Arte recital hall in Nicosia at 8:30pm. We caught up with him for a brief interview to give us insights about the working life of a classical pianist.

1. Describe the beginning of your career as a classical pianist.

I suppose that would be the first concerts after the end of my studies, but as there were concerts during the studies as well, and as the learning continuous every day, even after the formal end of studying at an institution, the line of where a career starts is blurred. Upon leaving the Moscow Conservatoire, I returned to the U.K, where I used to live, and started pursuing solo concerts.

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