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1561. Number of registered unemployed persons drops by over 66% in May

The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....

1562. Blood Donation Day

In support to the Nicosia General Hospital blood bank and as part of its CSR initiatives, KPMG in Cyprus organised a blood donation day at its premises at Nicosia, on 31 May. ...

1563. Global IPO market experiences significant slowdown in Q1 2022

1564. 885,000 passengers passed through Larnaka and Pafos airports in May

According to a press release by Hermes Airports, passenger traffic in May is at 78.3% of the corresponding month of 2019, a year in which a record passenger traffic was recorded at Larnaka and Pafos airports....

1565. Cablenet and Plume fast tracking the intelligent home evolution in Cyprus

Cablenet, a leading Telecommunications provider in Cyprus, today announced the start of a new era in intelligent home services. ...

1566. Awards for Lidl Cyprus Human Resources Department

Once more, Lidl Cyprus proves to be a leading employer, constantly evolving and innovating while always remaining focused on people! At the 2021 Digital Marketing Awards ceremony, Lidl Cyprus received 4 awards as a result of the company's activities as Top Employer...

1567. European unity tested as talks on Russian oil embargo drag on

Europe's united front against Moscow is being put to the test as countries struggle to agree on a ban on Russian oil imports....

1568. 103 million euros in support measures for vulnerable households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

1569. CBC: Cryptocurrencies are a potential risk to the economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

1570. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 2022...

1571. Porsche presents the exclusive Taycan GTS Hockenheimring Edition

To mark the 90th anniversary of the Hockenheimring, Porsche presents the first special edition based on its electric sports car: the Porsche Taycan GTS Hockenheimring Edition. ...

1572. Cyprus now an important player in LNG arena

The EU produces LNG from naphthalene in Cyprus An important step is the support from the Commission that is expected to shuffle the energy deck of the Eastern Mediterranean...

1573. Orban gets his way as EU bans Russian oil

The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin's Feb. 24 invasion of Ukraine...

1574. Op-ed: America has more guns than any other country

America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...

1575. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

1576. Cyprus expects more than two million tourist arrivals this year

Cyprus aims at attracting more than two million tourist arrivals this year, Deputy Minister for Tourism Savvas Perdios has said....

1577. A new billionaire nearly every day during the pandemic

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. ...

1578. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

1579. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

1580. Thousands of Britain's 'fish and chip' shops could close within a year

The United Kingdom's fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine....

1581. Greece experiencing significant staff shortages at hotels

Greek hotels are looking to fill 55,000 positions this summer, during what is expected to be a very busy season, according to hoteliers....

1582. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

1583. Celebrate the arrival of Spring at the Yermasoyia Flower Festival

For 25 years, the annual Flower Festival, organized by the Municipality of Yermasoyia in Limassol, has always brought enchantment and delight. ...

1584. How meritocracy reinforces inequality

We normally have unexamined certainties to guide us through daily life. But few people are so gifted at shaking those certainties than Michael Sandel....

1585. Confidence in Parliament, the state, the army and the Church has declined

Citizens' trust in institutions has declined, according to the results of a poll taken in Nicosia on Tuesday regarding current issues, conducted by the Association of Polling Companies and Market Research of Cyprus (SEDEAK)....

1586. Spring is here and so is the Reggae Spring Gathering!

The well-established Spring Reggae Gathering is finally back in Nicosia! On Saturday, May 14, you will have the opportunity to attend one of the most entertaining events of the capital in the beautiful Municipal Garden of Nicosia. Bop to the rhythms of Roots Reggae and Dub music by selected DJs!...

1587. Nameless pay-as-you-go phones under scrutiny

Police and intelligence officials in the Republic of Cyprus are pushing again for a ban on anonymous pay-as-you-go phones hoping it will help reduce crime, but critics and phone companies are not buying the argument...

1588. Half a million tourists from the US expected to visit Greece this year

Never before has Greece had half a million tourists from the United States in one year, or more than 60 direct weekly flights between the US and Athens, Tourism Minister Vassilis Kikilias told Skai Radio, adding that the government expects significant revenues from the sector in 2022....

1589. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

1590. More flights and more destinations from Larnaca and Paphos this summer

Hermes Airports unveiled its Summer 2022 flight schedule to/from Larnaca and Pafos airports marking the return of various connections to and from Cyprus....