The government will further support the growth of the financial services sector by bolstering the regulatory framework, strengthening supervision, and ensuring effective enforcement, said President Nikos Christodoulides. He pledged on Wednesday evening at
A significant annual increase of 17.2% was recorded in the number of job vacancies in the second quarter of 2023, while a 5.7% quarterly rise was recorded. According to data by the
The government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said, hoping banks will follow suit in boosting revenue for depositors. During the 2013 financial
The Cyprus Church is eyeing the development of the historic Ledra Palace Hotel into an events venue, as the United Nations Peacekeeping Force (UNFICYP) may stop using the Nicosia landmark as a
Cyprus has the highest ratio of caesarean sections compared to its population among EU states, having recorded 687 caesarean sections per 100,000 inhabitants. This is according to Eurostat data on the two
By Naeem Aslam US and European stock futures are trading flat ahead of an important economic event that has all traders fully engaged: the US CPI number. So far this week, the
An explosion that occurred on Wednesday in a recycling workshop in Larnaca, injuring three workers, was likely caused by military munition collected from a nearby National Guard shooting ground, said the police.
The Interior Ministry announced on Wednesday that a second protective fence was placed around the perimeter of the Pournara migrant reception centre at Kokkinotrimithia, Nicosia. The ministry said the aim is to restrict
Some 400 motorists are reported every day for traffic violations by the island’s recently introduced traffic camera network, the police said on Wednesday. According to a report prepared by the Traffic Department,
By Craig Erlam The UK economy contracted faster than expected in July, which is weighing on the pound Wednesday morning. GDP fell 0.5%, faster than the 0.2% contraction expected, but as has
