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481. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

482. Outgoing Cypriot president congratulates Sunak

Cypriot President Nicos Anastasiades took to Twitter to congratulate Britain’s new Prime Minister Rishi Sunak and say he was looking forward to restart UN talks to reunify the divided island, but elections in Cyprus and past comments by the new Tory leader could potentially complicate things...

483. Cyprus renews vaccination pitch as MEPs jab Brussels

A Cypriot top health official told medical professionals over the weekend that the state’s vaccination committee was constantly updating its decisions as new data on COVID-19 jabs became available, but the comments stopped short of stating new policy as criticism towards Pharma and EU bosses is picking up steam...

484. Judge reopens yet another death case ruled suicide

Another suicide case has been reopened in the Republic of Cyprus, this time concerning the death of a special police officer, whose family has disputed the findings with the help of a private forensic pathologist...

485. Cyprus received €461 million euros in EU funding since accession, used 80%

Cyprus has received a net €461 million since joining the EU, according to Lazarou, and has used 80% of the European funds it received....

486. Workplace accidents decreased in 2020, but severity of nearly 50% not specified

In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....

487. More Americans using iPhones over Android phones for the first time ever

More smartphone users in the US are using Apple's iPhone over Android for the first time ever, according to new data from Counterpoint Research....

488. Youth unemployment in Cyprus in 2021 at 14.2%, compared to 13% across the EU

The youth (people aged 15–29 years) unemployment rate in the European Union fell to 13.0% in 2021, from 13.3% in 2020, according to data released by Eurostat, the statistical service of the European Union....

489. Cyprus launches label to better market products

The new label and logo 'Cyprus made, Unique by origin' were presented by Energy Minister Natasa Pilides on Monday during the opening of the Industry Week fair...

490. Average employee gross earnings up 3.2% in 2021

The average gross monthly earnings of employees for 2021 increased by 3.2% compared to 2020 to €2,067, reaching a decade high....

491. IMF predicts a return to fiscal surpluses for Cyprus following the pandemic

Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....

492. Banking sector to cut 600 more employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

493. Bolton: If Putin presses the button, the US will assassinate him

Former White House security adviser John Bolton said on Tuesday that if Russian President Vladimir Putin decides to use nuclear weapons in Ukraine, the US may assassinate him....

494. Ending Cyprus' energy isolation

After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....

495. Women account for nearly two-thirds of patients with long Covid-19

According to the most comprehensive study of its kind to date, 63.2 percent of people with long-term Covid-19, or nearly two in three, are women. 6.2% of people with Covid-19 have infection symptoms that last at least three months. 15% of people with long-term Covid-19 have one or more persistent symptoms for at least a year....

496. The ECB's next steps were documented in Limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

497. WHO regional office to be set up in Larnaca

The new regional World Health Organization office to be established in Larnaca will help upgrade the level of public health in Cyprus and its surrounding region said Minister of Health Michalis Hadjipantela on Thursday....

498. OPEC and Russia agree to cut oil production by 2 million barrels a day

OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production on Wednesday, its first large reduction in output since the early days of the pandemic....

499. Von der Leyen: Temporary cap on gas prices

The European Commission is now moving towards a temporary cap on gas prices and a common supply of energy products, Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday morning....

500. EC calls for state-funded compensation for victims of trafficking

The Council of Europe's Anti-Trafficking Division along with Cyprus-based NGO 'Step Up, Stop Slavery' brought together officials from various sectors of the Cypriot government and foreign diplomatic missions to discuss the ways in which financial compensation can be offered to victims of trafficking in Cyprus....

501. Greeks challenge legitimacy of Turkey-Libya deal

Libya's Tripoli government signed a preliminary deal on energy exploration on Monday, prompting Greece and Egypt to say they would oppose any activity in disputed areas of the eastern Mediterranean...

502. Urgent bill on back burner as Lone Star sleeps on it

The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year. ...

503. Kasoulides on Bloomberg: Cyprus concerned by Aegean Sea rhetoric (video)

Cyprus is wary of getting drawn into a potential conflict between Greece and Turkey as rhetoric between the countries intensifies, Cypriot Foreign Minister Ioannis Kasoulides said....

504. Self-employed more at risk of poverty in Cyprus and EU in 2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

505. NETFLIX airs film on Cypriot 'utopian' prison

The highly-anticipated NETFLIX documentary on Cyprus’ central prison aired this week, with the star of the series showing disbelief at the 'utopian' penitentiary that went from suicides to weddings under the direction of a reformist warden...

506. EY Cyprus to present findings of 2nd ΕΥ Attractiveness Survey at Cyprus Attractiveness Forum: Investment Realized on 25 October

EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....

507. The new and enhanced 'Cyprus Experience'

The new image of the pavilions as part of Cyprus' new tourism identity was presented for the first time by the Deputy Ministry of Tourism at the IFTM 2022 tourism exhibition in Paris....

508. Nouris: More foreign companies setting up shop in Cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

509. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

510. Self check-in and robots - the future of tourism in Cyprus