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211. Cyprus scores low on public sector corruption

The Republic of Cyprus was at a historic low in terms of perceived levels of corruption in the public sector, according to figures released this week by Transparency International...

212. 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....

213. 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....

214. Turkey’s inflation hits a 19-year high of 36%

Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....

215. 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....

216. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...

217. 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....

218. 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....

219. Prices of consumer goods and services up 4.7% in November

The Harmonized Index of Consumer Prices, which measures the changes over time in the prices of consumer goods and services acquired by households, increased by 4.7% in November 2021, compared to the index of November 2020....

220. Prices of construction materials up by 17.87% in November

The Price Index of Construction Materials for November 2021 recorded an increase of 17.87% compared to the same month of the previous year, according to data released Friday by the Statistical Service of Cyprus....

221. Hourly labor costs rise by 7.3% in Q3 2021

Cyprus hourly labor costs (total costs) rose by 7.3% year on year in the third quarter of 2021 following an annual rise of 17.1% in the previous quarter, the Statistical Service of Cyprus (Cystat) said on Thursday....

222. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1-Q3 2021

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 – Q3 of 2021....

223. The technology sector can become the new mainstay of the Cypriot economy

These are some of the key conclusions that emerged from the findings of a survey conducted last October by IMR/University of Nicosia™ on behalf of the non-profit organisation TechIsland. ...

224. Germany readies its air force to transport covid patients to other parts of the country

Germany readied its air force to transfer COVID-19 patients from overwhelmed hospitals in the south as national case numbers rocketed and a new virus variant in South Africa caused widespread alarm....

225. Consumer Association calls on Consumer Protection Service to assume responsibilities

The Cyprus Consumer's Association calls on the Consumer Protection Service of the Ministry of Energy, Trade and Industry "to assume its responsibilities...

226. Social media enabling destruction of democracy

“It’s the enabler of the destruction of democracy. It’s the enabler of the destruction of the facts,” says the Filipino Nobel Laureate Maria Ressa...

227. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

228. KPMG in Cyprus announces partnership with RICS

KPMG in Cyprus and RICS have signed a collaboration agreement for the provision of services for the issue of the quarterly ''RICS Cyprus Property Price Index, with KPMG in Cyprus''....

229. Hellenic posts 21 million euro profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....

230. Hospitalizations down but deaths still up

There has been a drop in hospitalizations in Cyprus but deaths attributed to Covid-19 were still high, along with post-recovery patients no longer infected but still intubated in state hospitals...

231. Another hot day with wind in the mix

A yellow warning went into effect on Friday with maximums reaching 40 degrees inland, but a feel factor could vary across different areas due to afternoon wind activity and humidity levels...

232. HMS Queen Elizabeth stops in Cyprus

Aircraft carrier HMS Queen Elizabeth, the largest warship ever built for the Royal Navy, arrived in the port of Limassol on Wednesday, a week after a maritime incident with Russia...

233. Boy loses finger in firecracker accident

A preteen boy in Larnaca was injured and partially amputated on Tuesday in a firecracker accident, after one of his peers threw a banger that landed in the victim’s hand...

234. Shipping Industry Cyprus - B2B Meetings with German Companies

235. Report shows numbers behind Limassol Covid headache

The positivity rate for Covid-19 is rising in Cyprus on a weekly basis, particularly in the Limassol district where it stands at 1.3%, according to the National Surveillance Report published Friday and containing data until March 16....

236. Cyprus ranks fifth in pandemic management study

Cyprus ranked fifth in a Covid Performance Index published Thursday by the Lowy Institute, an Australian think tank, which ranked almost 100 countries for their successful handling of the coronavirus pandemic, with Britain and America near the bottom of the pile....

237. COVID-19 to disrupt holiday shopping plans

238. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

239. Cyprus takes another crack at COVID

President Nicos Anastasiades got personal in his address to the nation on Wednesday night, calling on citizens to do their fair share to stop the spread of the coronavirus while announcing stricter measures in all districts including a night curfew...

240. Coronavirus measures bring sharp drop in EU asylum applications

First-time asylum applicants in the EU recorded a sharp drop of almost 70% during the second quarter of 2020, mainly as a result of coronavirus emergency measures imposed by member states from March, Eurostat figures showed Wednesday....