Employers fear deepening labour shortage
Employers fear President Nikos Christodoulides’ decision not to renew a decree that allowed them easier and faster access to asylum seekers will deepen a labour shortage already hurting hospitality. Earlier this week, President Christodoulides told the Federation of Employers and Industrialists (OEB) that the government will
According to research, the value of the Cypriot ICT market reached €781 million in 2022, showing an annual growth of 4.7%, while
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Employers fear President Nikos Christodoulides’ decision not to renew a decree that allowed them easier and faster access to asylum seekers will deepen a labour shortage already hurting hospitality. Earlier this week,
Read MoreA 3.2 magnitude earthquake on Friday shook Limassol, but there was no structural damage or injuries, reported the Cyprus Seismological Centre. The
The Cyprus parliament unanimously adopted a resolution condemning the military operations by Azerbaijan against the Armenian population of Nagorno-Karabakh. Lawmakers called upon
UN spokesperson Aleem Siddique said there are no plans to abandon Ledra Palace barracks by the peacekeeping force in Cyprus (UNFICYP). He
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According to research, the value of the Cypriot ICT market reached €781 million in 2022, showing an annual growth of 4.7%, while the IT market (excluding telecommunications) was valued at €302 million, an annual increase of 8.4%. Spending on IT
Read MoreCyprus Airways has announced a record-high monthly performance after its August passenger numbers increased 71% to 79,804 from 46,800 last year. In
Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender; however, there are obstacles as major
Deloitte’s “Technology FAST 50” is a prestigious program awarding fast-growing technology companies headquartered in the Middle East and Cyprus, allowing them to
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A Ukrainian woman was sentenced to six months in prison for a racially motivated assault against Russians gathered to celebrate the Russia National Flag Day on 22 August last year in Larnaca.
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Turkish Cypriot leader Ersin Tatar rejected the appointment of a UN envoy for Cyprus during his meeting with the UN Secretary-General, Antonio Guterres, in New York. Tatar also rejected participating in a
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
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On 21 September, the Central Bank of Turkiye (CBRT) raised its policy rate by 500 basis points (bp) to 30%, following a
The formidable power of generative artificial intelligence (GenAI) combined with other existing AI models can transform how companies operate and individuals work.
This week, the government came to a standstill as attention focused on the President’s New York shuffle to get the international community
During the past three decades, Armenia struggled to convince the world that the ethnic enclave of Nagorno-Karabagh was an integral part of
So, the good news for the 2023 tourist season is that it is close to overtaking the 2019 record in terms of
Energy
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Greece and Saudi Arabia have agreed to set up a jointly owned company that will look at linking their power grids, taking the first step in their plan to supply Europe with cheaper green energy, the Greek energy ministry said. Greece’s Independent
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The construction of a petroleum products storage terminal by 2025 is considered a project of exceptional importance for Cyprus’ strategic energy autonomy, said
The Finance and Energy Ministries have approved a grant scheme, “Photovoltaics for all”, encouraging homeowners to install solar systems on their roofs.
Nicosia and Chevron International reaffirmed that developing the Aphrodite offshore natural gas field in Cyprus’ Exclusive Economic Zone (EEZ) is of “strategic importance”. The
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The Cyprus parliament unanimously adopted a resolution condemning the military operations by Azerbaijan against the Armenian population of Nagorno-Karabakh. Lawmakers called upon
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By Craig Erlam Another mixed session in Europe on Thursday with US stocks pointing to a similar open on Wall Street despite
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On 21 September, the Central Bank of Turkiye (CBRT) raised its policy rate by 500 basis points (bp) to 30%, following a
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EU member Cyprus wants Brussels to offer financial and technical aid to Lebanon to help it cope with an influx of Syrian
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Maritime
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Shipping Minister Marina Hadjimanolis said Cyprus is “an ideal place for companies to develop and excel” during a speech at an event in London on the sidelines of International Shipping Week. Addressing a packed Cyprus High Commission headquarters, she said
Read MoreCypriot politician Christos Stylianides has stepped in as Greece’s new shipping minister after Miltiades Varvitsiotis resigned on Monday over the death of
Paralimni is set to welcome the island’s fifth marina next summer at the northern tip of the popular Protaras holiday resort, with
Limassol Port has acquired new equipment in an ongoing effort to enhance operations and increase productivity at the Multi-Purpose Terminal. The acquisitions
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A 3.2 magnitude earthquake on Friday shook Limassol, but there was no structural damage or injuries,
The percentage of Cypriots interested in the news from most information sources has recorded a drop,
The British Council launched the tenth year of its Study UK Alumni Awards programme, celebrating the
UEFA and the Cyprus Football Association (CFA) staged a special grassroots event offering more than 90
Cyprus ranks 22 among the EU-27 for gender equality with a poor ranking of 106 among
