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
Following the death of another young biker on Sunday, Cyprus has mourned 25 road accident victims in just over six months, with authorities puzzled why measures have not paid off. A traffic
A government financial watchdog is concerned over the delays in Cyprus implementing its Recovery and Resilience Plan, warning that further delays will adversely affect economic growth and unemployment. In a statement, the
Monthly passenger traffic at Cyprus airports in June surpassed the one million mark for the first time in 33 months, said Larnaca and Paphos operator Hermes Airports. It said the best performing
