Cyprus’ water reserves are dangerously low, as the island’s dams are currently recording one of the worst inflows for a decade despite recent storms. Since October, when the rainy season began, water
The Bank of England is likely to continue increasing interest rates beyond its current level of 4% as UK inflation jumped unexpectedly in February, a leading financial advisor said, as the central
Cyprus’ diplomatic network abroad is being upgraded with the reopening and opening of four embassies in 2023. Foreign Ministry’s spokesperson Theodoros Gotsis, said Cyprus’ High Commission in Nairobi, Kenya, reopened in February.
Annual inflation in February rose by 6.7% as fuel prices continued their downward trend after hitting an all-time peak last summer. According to the Cyprus Statistical Service, the increase in the cost
Cypriots can expect an Easter shock as food prices rise, according to the latest survey by the Consumer Protection Service, while market stakeholders warn of further hikes. According to the Commerce Ministry’s
By Han Tan, Chief Market Analyst at Exinity Group The outcome from the ongoing FOMC meeting is shrouded in uncertainty. Still, markets are very much aware that the Federal Reserve is stuck
Philanthropist Sir Stelios Haji-Ioannou awarded 10 bicommunal teams, consisting of Greek and Turkish Cypriots, who stood out in business cooperation. Each team member wins a cash prize of €10,000. At the online award
Cyprus joined EU member states as a signatory to a project led by the European Defence Agency for the collaborative procurement of ammunition. The collaborative procurement of ammunition includes the possibility of
Petrol station owners warn of strike action if President Nikos Christodoulides does not respond to their calls to discuss what they call the “unacceptable and illegal” purchase of petrol from the Turkish-occupied
The Central Bank is concerned over a possible rise in non-performing loans following a series of increases in interest rates, as it calls on banking institutions to take pre-emptive measures. Cyprus Central
