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EURUSD falls below 1.10 following warning from Greece - Analyst

eurusd greeceWritten by Jameel Ahmad, Chief Market Analyst at FXTM.

The warning over the weekend from Greece that it will not be able to afford its IMF repayment in just under a fortnight has provided the markets with a reminder about how delicate a situation Greece finds itself in with its creditors, while also installing further bearish pressure on the Euro currency.

There is no doubting that Greece has become a frequent reoccurring risk to investor sentiment in recent months, and there is potential for investor sentiment towards the Euro to be pulled down even further by the news that anti-austerity parties were declared victorious in several local elections in Spain. This might be a long- term risk, but there is the potential for such parties to become prominent figures in Spanish politics and we might even see an anti-austerity government in the future.

Korean Week Marked in Cyprus

The Korean Embassy celebrates the 20th anniversary of diplomacy between the Republic of Korea and the Republic of Cyprus with a series of events showcasing the Korean culture and promoting the relations between the two countries. All events are open to the public and the entrance is free.

At Home with Pets – Introducing George

animal welfare cyprusIt’s been a lovely week in our household and I’ve finally sat down to write and tell you all about it. I’m sitting here surrounded by pups and kittens, with a glass of chilled wine and listening to the wonderful new CD ‘All of Me’ by Swing/Jazz singer Michael Antoniou. Do check out his website ( or listen to a sample ( and treat yourselves to his album.

Back in early March I received a message about a pup rescued in Limassol, found by the side of the road, paralyzed in the hind legs, fractured pelvic bone, torn ligaments, deep wounds from dragging and scared. The person who found him wanted a second opinion before deciding whether to ‘save’ him so he was brought up to Nicosia by a volunteer. As soon as I saw this little 1½ year old pup looking at me with sorrowful ‘help me’ eyes I knew that I had to do whatever I could for him.

Cyprus Passes Sixth Bailout Review - Troika Cautions on Bank Loan Sales

cyprus passes 6th review

Cyprus has received the green light from the Troika, making it the sixth successfully-passed review in it's 10-billion-euro bailout, but the Troika said that action has to be taken on bank loan sales.

Common Vision with Akinci - President Anastasiades

cyprus problem

President Nicos Anastasiades said he has a common vision with Turkish-Cypriot leader Mustafa Akinci to reunite Cyprus, and create the most stable country in the region.

Assistant Attorney-General Erotokritou Charged with Corruption

attorney general corruption charges

Assistant Attorney-General Rikkos Erotokritou, Andreas Kyprizoglou, Andreas Neocleous & Co. LLC, and Panayiotis Neocleous have been charged in Nicosia Criminal Court with various corruption allegations; including bribery of a state official; accepting bribes; and misuse of power.

Petition Launched to Prevent Permission for Dolphinarium in Paralimni

no dolphinarium in cyprus

CyprusNewsReport supports the petition to prevent government permission for a dolphinarium planned in Paralimni.

Please sign the petition so that no dolphins will be kept in miserable captivity in a swimming pool in 40-degree heat, which is what happened the last time someone tried to make money from dolphins in Ayia Napa. Thankfully they were shut down.

Dolphins belong in the wild, not as the object of idle human curiosity.

Click here to sign the petition

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