Time

Cyprus stays on course for growth

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy. Despite expectations of a slowdown, the economy is seen avoiding a recession, as indicated by the Economics Research Center (ERC) of the University of Cyprus' Economics Department.

Analysts weigh political risk

A coalition government after the second round of elections in the summer is the main scenario for investment firms and rating agencies, with the whole process expected to be difficult and time-consuming, resulting in possible delays in both the recovery of investment grade and the implementation reforms and investment promotion.

Partial solar eclipse from Iceland to India

A partial solar eclipse will be visible across a swathe of the Northern Hemisphere tomorrow, with amateur astronomers warned to take care watching the rare phenomenon.

The eclipse will start at 0858 GMT in Iceland and end off the coast of India at 1302 GMT, crossing Europe, North Africa and the Middle East on its way, according to the IMCCE institute of France's Paris Observatory.

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