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811. July unemployment down 25% compared to same period in 2021

Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021. According to data published by the Statistical Service on Wednesday, the unemployed persons, registered at the District Labour Offices on the last day of July 2022, reached 14,145 persons, down from 18,950 registered in July 2021....

812. China retaliates with military drills off Taiwan's coast after Pelosi visit

China kicked off its biggest-ever military exercises in the seas around Taiwan following US politician Nancy Pelosi's visit....

813. Exness donates three fully-equipped firetrucks to the Forests Department of Cyprus

Cyprus-based fintech company Exness has just donated three fully-equipped firetrucks to the Forests Department of Cyprus. This donation is part of the €300,000 pledge made by Exness CEO Petr Valov in 2021, following devastating wildfires across the island....

814. Lidl continues to expand its stationary trade and now operates more than 12,000 stores internationally

Lidl continues to expand its operation in Cyprus and is opening a new store in Limassol on Thursday, July 28. ...

815. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

816. Europe agrees to compromise deal on gas rations as Russia squeezes supply

European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....

817. Operation PANGEA: Illegal pharmaceuticals worth 11 million seized worldwide

Operation PANGEA, an international initiative targetting the illegal internet trade in pharmaceutical products, resulted in the seizure of 462 items in the form of pills, sprays, and gels, along with 123 food supplements in Cyprus. ...

818. Discussions on minimum wage in the final stretch

We are entering the final stretch for the introduction of the minimum wage in Cyprus and serious developments are expected next Friday, July 22, 2022....

819. Putin will restart gas pipeline to Europe, but with conditions

Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....

820. 'Feta' can only be Greek

Greece has scored a win in its long fight to protect its right to the term “feta” after Europe’s top court reprimanded Denmark for not blocking local companies from using the name for sales outside the European Union....

821. Ever wonder what it smelled like in the Golden Age or the stench of the Industrial Age?

Sometimes, the most powerful jolt of nostalgia one can feel is that which comes after picking up the scent of something iconic of one’s childhood....

822. Trade deficit increased to €2,967.6 million for the period January – May 2022

The trade deficit was €2,967.6 mn in January – May 2022 compared to €2,265.8 mn in the corresponding period of 2021, according to provisional data, published by the Statistical Service on Monday....

823. Mayor, minister trade barbs over fallen balconies

The collapse of two balconies in Paphos last week has stirred up debate about asylum seekers being cramped into old apartments, but an expert in the field says local tenants are also part of the problem as there are no laws that would force them to vacate a building in need of maintenance...

824. Second balcony gives way in Paphos

Another balcony in Paphos collapsed just two days after three men were injured in a similar incident, with authorities launching an investigation into what caused parts of the building structure above a restaurant to land on its shade canopy on Saturday and injure three women...

825. Deadline to set Cyprus minimum wage moved up to the 21st or 22nd of July

On July 21, or at the latest on July 22, 2022, an agreement will be reached to determine the minimum wage in Cyprus....

826. Men critical after balcony collapse in Paphos

Three young men in Paphos were seriously injured on Thursday when the balcony of their apartment collapsed, prompting the mayor to level accusations against 'greedy property owners' who crap people in old buildings...

827. Dutch to make working from home a legal right

The Netherlands is on the cusp of making working from home a legal right in a radical move that experts say could be followed across Europe....

828. Boris Johnson has stepped down

After an acute political meltdown in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, setting in motion a race for a new prime minister....

829. Trade unions and employers disagree on national minimum wage parameters

Efforts to come to an agreement on the establishment of a national minimum wage in Cyprus were unsuccessful during a scheduled meeting on Tuesday held by the President with trade unionists and employers' unions....

830. Unemployment down 53.8% from last year, but up 16.5% from last month

The number of registered unemployed persons at the end of June 2022 decreased by 53.8% compared to June 2021, based on (actual) data kept at the Provincial Labour Offices, falling to 12,332....

831. Exness supports technology education in Cyprus through Robotex Platinum sponsorship

832. President to finalize minimum wage talks with unions

President of the Republic Nicos Anastasiades will meet trade unions on Tuesday to conclude negotiations for the introduction of the minimum national wage in Cyprus....

833. North probes illicit cash route to south after Ercan arrests

Recent arrests in the north in connection with cash couriers have prompted Turkish Cypriot authorities to investigate whether large sums of money were being transferred through an illicit route to the south...

834. Commission VP demands review of EU decision to trademark ‘Turkaegean’

European Commission Vice-President Margaritis Schinas has sent a letter to Internal Markets Commissioner Thierry Breton demanding a review of a decision to approve Ankara’s request to trademark the term ‘Turkaegean.’...

835. Retail trade in the grip of inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

836. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

837. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

838. EU leaders tackle inflation, energy shocks from Russia’s war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

839. Petrides: A new era of uncertainty

Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....

840. Turkey to blame for increasing number of migrants in Cyprus

Interior Minister Nicos Nouris said on Thursday that Turkey is the main culprit for the increasing number of migrants to Cyprus....