Former Newcastle United player Temur Ketsbaia is the national team’s new coach after a dismal run of results that saw Cyprus drop to 107 in the FIFA rankings. The Cyprus Football Association announced an agreement with the Georgian manager who replaced the ineffectual Greek Nikos Kostenoglou appointed last year. The change of manager came after
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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 said Cyprus’ growth rate will reach 3.4% compared to 4.1% in its March projection and 3.5% in 2023, up from the previous projection
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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 Wall Street tying itself up in knots and whipsawing itself over the last week under the deluge of inputs from the geopolitical, central
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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 a mortgage-to-rent scheme to cover non-performing loans collateralised by primary residences and businesses, mainly SME premises, with a value up to €350,000. However,
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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 was an example of the growing military cooperation between Cyprus and Israel. At the government-to-government signing in Nicosia for acquiring military equipment and
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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. During Q1 2021, special government schemes were in place for dealing with the pandemic, resulting in reduced average gross monthly earnings. The amount
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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 the green light from environmental authorities. The project is located on Makarios Avenue in the Chrysopolitissa area, halfway between the Larnaca central police
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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, about 15,000 such transactions have taken place in the first five months of the year, at a total value of €900,000, providing consumers
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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 last few days, we have seen an increase in the number of admissions of children with Covid. “Where the average was around
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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 Guard officer was seriously injured after jumping from a helicopter during a military search and rescue exercise. A month earlier, Corporal Natalie Neophytou,
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