The Fiscal Council, a government financial watchdog, is optimistic over the island’s short-term economic outlook, but expressed concerns about potential risks as ‘unpleasant surprises’ may be in the cards for 2024. Michalis
Cryptocurrencies now constitute 17% of consumer savings in 2023, placing them as the second most favoured savings method in the United States, according to an analysis by Stocklytics.com. This emerging trend underscores the widespread
Hospitalisations of Covid-19 patients are close to reaching triple-digit figures, as they spiked from 70 to 90 compared to last week, according to the State Health Services Organisation (OKYPY). In comments to
The 44-year-old driver involved in a fatal crash in Limassol moments into the New Year, that led to the death of four people in another car, will face trial with manslaughter charges.
Just ten months into his administration, Cyprus President Nikos Christodoulides has reshuffled his cabinet, replacing four ministers, as well as five junior ministers and commissioners. The reshuffle comes a week after announcing
Petros Christodoulou, a former senior executive at the National Bank of Greece (NBG) and with 38 years of international finance experience under his belt, is the new Chairman of Hellenic Bank. The
The new year did not get off to a good start for President Christodoulides. At his first Council of Ministers meeting, he had to look his cabinet members in the eyes and
Hermes Airports, operator of the island’s two main airports in Larnaca and Paphos, announced record passenger traffic of 11.6 mln last year, a 3% increase over 2019 and optimistic of a further
Cypriot authorities have requested the extradition of a Turkish Cypriot lawyer charged with embezzlement of Greek Cypriot properties in the occupied north, marking the first time a Turkish Cypriot has been arrested
By Naeem Aslam Friday’s biggest and most important economic report, the US NFP data, came much higher than expectations. The price of gold was well on track to finish the week
