By Jeffrey Halley Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision Wednesday
Passenger traffic at airports picked up in April during the Easter holidays, reaching 85% of 2019 pre-pandemic levels when Cyprus had record visitors. Transport Minister Yiannis Karousos welcomed improved passenger traffic in
Football hooliganism is back, with its latest victim, a 20-year-old man in hospital in a serious condition with burns to 45% of his body, after being hit with a Molotov cocktail during
The opening of the first integrated casino resort in Europe, Limassol’s €600 mln City Dreams Mediterranean, has been postponed again, pushing the launch date to the end of the year, from autumn.
Cyprus is the first EU state to report full 5G population coverage, even in remote mountainous areas, boasted the telecoms authority Cyta. Cyta’s announcement came after its 5G network reached the village
The government will support low-income groups hit by the highest inflation rate for decades, said Finance Minister Constantinos Petrides. Cyprus’ inflation in April spiked 8.6% in the Harmonized Consumer Price Index compared
Cyprus backs EU plans on energy security and beefing up storage after Russia cut off gas supplies to fellow bloc members Bulgaria and Poland. Brussels says it is preparing for difficult months
European economies like Cyprus are facing the “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, experts argued. “The war really threatens the
Hellenic Bank, Cyprus’ second-largest commercial bank, is reducing its staff by some 300-350 people to bring down operating costs. According to news site Stockwatch, Hellenic’s CEO Oliver Gatzke has sent letters to
The government will invest €15 mln in incentives for developers to build student accommodation in the old town of Nicosia to address a shortage in the capital, announced Interior Minister Nicos Nouris.
