While consumers brace for another wave of energy and fuel price hikes, the government is throwing in the towel, claiming it has run out of ammunition to contain costs. Finance Minister Constantinos
The Transport Ministry and Limassol bus company EMEL have signed a €129 mln public transport agreement providing for 177 new buses to operate in the town, 35 of which will be electric.
By Jeffrey Halley Volatility remains elevated across every asset class, although a US holiday overnight meant a 12-hour break from the noise. The strategy of watching the rooster fight from the sidelines
The Bank of Cyprus has announced plans to downsize its staff, officially offering a Voluntary Retirement Plan to 500 – 600 employees from its 3,400 workforce to maintain profitability. The news comes
Yiannis Toumazis was appointed on Monday as Cyprus’ first Deputy Minister of Culture, which President Nicos Anastasiades described as a landmark step. During the ceremony, President Anastasiades said the establishment of the
The Health Ministry issued a weak response to doctors and patient claims that lives are endangered from delays in sending innovative treatments, chemotherapy, and special drugs from the capital to the other
Cyprus’ drive to attract high-tech companies, combined with increased interest from firms to relocate, moving from geopolitically unstable regions, is expected to boost demand for real estate. According to the Central Bank
Nexans Norway AS has been named the preferred bidder for supplying and installing the EuroAsia Interconnector’s 1,208km subsea high-voltage DC cable. The EU-funded project, connecting the national electricity grids of Israel, Cyprus,
The percentage of flights affected in Cyprus by travel delays at European airports is milder, but Tourism Minister Savvas Perdios advised Cypriots to avoid travelling abroad during the holiday peak of July-August.
Interior Minister Nicos Nouris is frustrated at delays in recruiting 300 extra guards and instal Green Line surveillance to curb migrant flows from the Turkish-occupied north. On government plans to hire 300
