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1771. Cypriot economy will continue to recover output lost during 2020

The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....

1772. A record 4.5 million Americans quit their jobs in November

A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September....

1773. BlackBerry: End of an era as company pulls plug on iconic handsets

BlackBerry phones - once the pinnacle of a mobile handset with their trademark physical keyboard - are effectively dead from today as the Canadian company behind them pulls its support....

1774. Greek labor market needs skilled workers

The local labor market will operate under new conditions in 2022, as the last couple of years has already seen the imposition of changes due to the pandemic....

1775. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

1776. What's left for the Turkish Cypriot economy after 2021

Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....

1777. Seven out of 10 in Cyprus and the EU owned their home in 2020

Almost 70% of the population of the European Union lived in a privately owned house, while about 30% lived in a rented house in 2020, according to data for 2020 published by Eurostat, the EU statistical office....

1778. 'Measures taken were aimed at reducing disruption to society and economy'

The new measures taken by the Cabinet yesterday were focused and aimed at avoiding disruption to society and the economy,...

1779. In exodus from Lebanon, the well-off find new home in Cyprus

Many well-off Lebanese who escaped their country’s economic tailspin for a new life in the nearby island nation of Cyprus say the transition has been a whirlwind of emotions....

1780. Pandemic: New Year's Eve under consideration

Experts are preparing for a difficult winter, what remains of it that is, due to the manifestation of the aggressive Omicron mutation. Like other European countries, Cyprus is experiencing a difficult period, a few days before the new year. ...

1781. Electricity is supplied from the free areas to the occupied areas

1782. Double the flights to Athens from Paphos

TUS Airways informed the Minister of Transport, Communications and Works, Mr. Giannis Karousos, about its decision to expand and double the flights for the Paphos-Athens route. ...

1783. Feeding your dogs insects can help fight climate change

Many pet owners reflexively bark “No!” when their dog or cat prepares to feast on a bug. But despite what scientists call the “yuck factor,” insects could be a sustainable secret ingredient for the booming pet food industry....

1784. 65% of bookings in the hospitality sector were canceled during the holidays

Measures imposed to deal with the Covid-19 pandemic affected traffic in the hospitality sector throughout Cyprus during the holidays. ...

1785. NIPD Genetics receives Innovation Award at the 15th OEB Cyprus Innovation Awards

NIPD Genetics, the Cypriot biotechnology company, was awarded the Innovation Award in the Services Category, in the OEB Cyprus Innovation Awards 2021, held on 20 December 2021....

1786. Christmas on borrowed cash for many

One in four households will take on credit card debt to buy food and presents this festive season, according to the 2021 study of the European Consumer Payment Report....

1787. Financial turmoil hits Turkish Cypriots

Serious side effects from the lira's plunge–Basic food products are becoming more expensive ...

1788. Commission approves 560 million for refugees in Turkey

The European Commission on Tuesday published two financing decisions, worth 560 million euros, to support inclusive quality education initiatives, including access to higher education through scholarships, for refugees in Turkey as well as for border protection....

1789. New health measures announced by the Ministry today

The Minister of Health, Michalis Hadjipandela, announced new health measures today aimed at curbing the spread of the coronavirus during the Christmas Holidays. ...

1790. Turkish lira whiplashes after Erdogan moves to protect savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

1791. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

1792. Electric vehicle subsidy plan: 2,722 applications in two hours

A large number of applications were received today by the Ministry of Transport for the government's electric vehicle subsidy plan. ...

1793. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

1794. 100 employees leave Bank of Cyprus on a voluntary retirement plan

Bank of Cyprus announces the successful completion of a small-scale targeted voluntary retirement plan....

1795. Limassol Mayor highlights environmental issues affecting city

A research study on the environmental risks and economic benefits of sector activities in Limassol, demonstrates the urgent need to protect the city’s coastal, marine and maritime environment....

1796. Erdogan should focus on his economy, not Greece

With the Turkish lira continuing its precipitous slide, the risk of capital controls looming dangerously and Recep Tayyip Erdogan’s legal adviser even going so far as to consider that declaring a state of emergency might be needed...

1797. Turkish lira blows through 15 to dollar ahead of rate decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....

1798. Inflation in Britain jumped to its highest level in the last 10 years at 5.1%

Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....

1799. More foreign banks come to Athens

Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...

1800. Greenpeace: Greek gas hunt an ‘unbearable’ threat to whales

Greenpeace on Wednesday renewed calls against proposed deep-sea oil and gas exploration off southwest Greece, warning of “unbearable” consequences to endangered Mediterranean whales and dolphins....