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2161. IMF: Forecasts for global recovery reduced to 4.4% for 2022

"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....

2162. Greek Cypriots fear Trojan horse in ghost town

Greek Cypriot officials in the south are calling once again on Varosha title deed holders to stay away from a “legal trap” in the north, pointing to Ottoman religious foundations officially acknowledged as interested parties by a commission that examines property claims in the divided island’s ghost town...

2163. Ukraine crisis: Biden warns Russia may invade next month

US President Joe Biden has warned there is a "distinct possibility" Russia might invade Ukraine next month, the White House says....

2164. Subsidy schemes to make Cyprus one of the top 30 tourism destinations

The Deputy Ministry of Tourism on Friday presented 12 subsidy schemes aimed at making Cyprus one of the 30 countries with the most developed tourism in the world by helping local authorities, organizations and companies to improve their services and attract more visitors....

2165. Can banking institutions unilaterally impose new policies on clients with housing loan agreements?

I have recently been dealing with a case where a banking institution in Cyprus has requested from the client to either repay his housing loan earlier or transfer his loan to another bank. ...

2166. Turkish Cypriot leader: Vote endorses 2-state Cyprus deal

The Turkish Cypriot leader in split Cyprus’ breakaway north says his hardline party’s victory in weekend parliamentary elections is an endorsement of his controversial stance on resolving the island’s ethnic division that’s in line with Turkey’s policy....

2167. Desperate Afghan families resorting to selling their kidneys and even their own children to buy food

Entire families in Afghanistan have been forced to sell their kidneys so they can buy food, as the country plunges deeper into a humanitarian crisis....

2168. NPLs in Cyprus banks down by €32 million at the end of October

Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion....

2169. Britain: COVID travel restrictions are being scrapped

The COVID travel restrictions imposed by the government are being scrapped....

2170. 'Test to stay' to be implemented in health professions, Police and Fire Department

At today's Cabinet meeting, the Minister of Health, Mr. Michalis Hadjipantela, presented the suggestions of the members of the Scientific Advisory Committee discussed during yesterday's meeting, which included an analysis of data recorded and evaluated by the tracking team and nurses as well as the rates of vaccination coverage of the population. ...

2171. Inequalities between women and men more profound two years into life with Covid

What is very apparent is that women have kept our societies functioning during the pandemic, beyond what they always did, with very little social recognition, appreciation and support;...

2172. Germany wants to attract 400,000 skilled workers from abroad each year

Germany's new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus pandemic....

2173. MEPs call on EU countries to respect animal welfare during transport

After 18 months of fact-finding, MEPs call on EU countries to respect animal welfare during transport and to transition to transporting meat and not live animals....

2174. CNP CYPRUS Group: offer of a large number of Complete Computer Systems, to the Ministry of Education

The era of the pandemic has clearly highlighted the importance of new digital technologies in many aspects of our lives. On the road to the future, digitalization is a top priority for society, the economy and the government....

2175. Tatar: A campaign to recognize the pseudo-state

2176. Redevelopment of Larnaca port and Marina on track for implementation, Minister says

The €1.2-billion project for the joint redevelopment of the Larnaca port and the Marina area is on track for implementation, Minister of Transport, Communications and Works, Yiannis Karousos, said on Wednesday....

2177. Cyprus to lift entry restrictions in March

Tourism-reliant Cyprus will lift all entry requirements on March 1 for inbound travelers who have a valid vaccination certificate showing they received a booster shot, the country’s tourism minister said on Wednesday....

2178. Price Index of Construction Materials increases by 17.1% in December 2021

The Price Index of Construction Materials had a 17.1% increase in December 2021, compared to December 2020, reaching 119.66 units (base year 2015=100), according to data by the Statistical Service of Cyprus....

2179. Tatar: The wealth of the eastern Mediterranean is common

The wealth of the eastern Mediterranean is common, said Turkish leader Ersin Tatar, adding that they are obliged to defend their rights to the end....

2180. Germany: Omicron outbreak leads to record high numbers

Germany registered more than a hundred thousand cases of Covid infections within the last 24 hours, according to data released early Wednesday. ...

2181. 'We are ready to consider other alternatives'

“If this project is practically feasible, (if) we can meet the great geological challenges and, at the same time it is financially viable, then there is the political will to implement it,”...

2182. Netflix loses nearly $45 billion in market cap

Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month....

2183. Cyprus expected to introduce a national minimum wage by the end of January 2022

Cyprus is expected to introduce a national minimum wage by the end of January 2022. According to information, the national minimum wage will be set at 45% - 60% of the national median salary in Cyprus which is 1,573 euros....

2184. Rising anger with Turkey drives calls for reunification in crisis-hit northern Cyprus

In his sun-filled office in north Nicosia, Şener Elcil is plotting his next protest. Anger, he says, is in the air in Turkish-occupied northern Cyprus....

2185. Cyprus economy grew by 5.7% in 2021 according to Eurostat

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....

2186. How did covid affect our level of happiness?

Politicians and other officials around the world often talk about the impact of Covid-19 on public health and the economy. To most people, however, these statements seem vague, as what they experience on a daily basis is a series of different emotions....

2187. 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....

2188. 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....

2189. 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....

2190. 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....