Rating Agency, DBRS Morningstar, slashed Cyprus’ baseline growth rate by 0.7% for 2022, citing the deteriorating outlook following Russia’s invasion of Ukraine. In its updated sovereign baseline scenarios, the Canadian rating agency
By Jeffrey Halley US equities struggled for direction overnight, with the S&P 500 and Nasdaq almost unchanged, while the Dow Jones eked out a small gain. The outcome is hardly surprising with
Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline to distressed borrowers to help them keep their homes and small businesses. Nicosia had been preparing
In the first procurement of its kind, the National Guard has ordered military Personal Protective Equipment and Load Carriage System in a deal with Israel. Defence Minister Charalambos Petrides said Wednesday it
Average gross monthly earnings of employees increased 6.8% during the first quarter of 2022 to €2,019 from €1,891 a year ago, but women earned less pay, according to the Cyprus Statistical Service.
Larnaca’s makeover is not limited to the €1.2 bln redevelopment of its marina and port already taking shape, as two residential towers and a hotel called the Staston Project has been given
While the cashback programme at retail stores is gaining ground in Cyprus, kiosk owners refuse to participate in the scheme, claiming that it could endanger the viability of small businesses. So far,
According to doctors, the number of children treated for COVID-19 at Nicosia’s specialist Makarios Hospital has doubled in the past week. In comments to the Cyprus News Agency, Dr Avraam Elia said:
The National Guard is under the spotlight following two fatal accidents and one serious injury involving non-commissioned officers during military exercises in just over a year. Earlier this week, a non-commissioned National
The commercial viability study of the ambitious EastMed gas pipeline is not proceeding normally as Turkey is “interfering with the Nautical Geo ship conducting environmental surveys,” Foreign Minister Ioannis Kasoulides said. He
