Treading water

By Craig Erlam   Stock markets in Europe are treading water in thin trade at the start of the week, amid a light economic calendar and a US bank holiday. It was always

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Cyprus monitoring deadly Marburg virus

Public Health Services are closely monitoring information on the spread of the deadly Marburg virus, where cases of the disease have been recorded in Equatorial Guinea and other African countries. Equatorial Guinea

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Business bankruptcies decrease, rise in the EU

Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the

Hybrid, electric cars gaining traction

Cypriot motorists are switching to greener cars as registrations of hybrid, and electric cars reached an all-time high in 2022. According to data released by the European Automobile Manufacturers Association (ACEA), total

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Christodoulides seeks breakthrough with Tatar

Newly elected President Nikos Christodoulides said he would do everything possible to achieve a result at Thursday’s meeting with the Turkish Cypriot leader Ersin Tatar. After casting his vote in Yeroskipou for

Cyprus rallies EU shipping support

Cyprus is speaking to fellow European Union countries to shore up support for the shipping industry hit by sanctions on Russia. Cyprus has the third-largest shipping fleet in the EU after Malta and Greece. It has

Political aftershocks of earthquakes

The devastating earthquake that shook Armenia on December 7, 1988, had a magnitude of 6.8 but lasted 20 seconds, resulting in about 38,000 casualties. Any longer, and it would have had catastrophic

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Turkish Cypriots decry earthquake tax

Trade unions and opposition parties in the Turkish-occupied north are in uproar after the ruling coalition intends to levy a year-long tax on salaries for earthquake support to Turkey. Reacting to the