Cyprus reported six deaths in the weekly Covid bulletin on Friday, with new cases inching up to 1,814, some 40 more than the week before. The Health Ministry said the latest victims in the week up to Thursday were two women, 50 and 62, and four men aged 75 to 92, raising the total for
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Petrol station owners joined consumer outrage over more price shocks as pump prices on Friday went up by another 6-9 cents per litre. In comments to CyBC TV, the Cyprus Petrol Station Owners spokesperson, Christodoulos Christodoulou, said oil companies have large storage facilities, unlike private petrol stations. “This means that when fuel prices go up,
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New credit granted by Cypriot banks dropped by nearly 50% in April compared with the previous month, pushed downward by a big reduction in housing loans. According to data published by the Central Bank of Cyprus, “fresh” credit in April reached €193.6 mln from €378 mln in March, marking a monthly drop of 49%. The margin
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With the largest number of troops ever sent abroad, the Israel Defence Force simulated military activity in ‘enemy territory’ in Paphos to wrap the largest ever war games with Cyprus amid criticism. Thousands of combat soldiers, commanders, and support troops from the Israel Defense Forces conducted a mass simulation of fighting in Lebanon this week
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Cyprus travel agents fear the wave of delays and flight cancellations at UK airports may lead to the Mediterranean island’s loss of future holiday bookings. British holidaymakers have seized the opportunity of school half-term holidays and the Queen’s platinum jubilee bank holidays to take long-awaited trips abroad, but many have met with long queues at
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Hospitality is the driving force behind the economy’s 5.6% GDP growth in the first quarter of the year, as other sectors struggle to recover following two years of COVID restrictions. The recovery recorded in the first three months was 5.6% compared to 5.9% in Q4 2021 and -2.1% in Q1 2021. GDP for the first
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Cyprus has the means to become a destination that respects the environment by reducing plastic waste, with 38% of the island’s habitat protected, said Tourism Minister Savvas Perdios. Perdios believes “Cyprus has all the tools to become a destination that respects the environment. “Recent Eurostat statistics show that around 38% of Cyprus are protected areas,
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Cyprus is witnessing the highest inflation rate recorded in four decades, with May equalling the 9.1% registered in February 1982. The highest inflation rate Cyprus endured was 10.8% in 1981. The news comes as the European Union announced a new set of sanctions on Russia for invading Ukraine, including a ban on 90% of Russia’s
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Cyprus growth is hindered by the Ukraine war fallout, but partial recovery in exports and private consumption will see a 2% GDP rise in 2022, the International Monetary Fund forecasts. It said Cyprus staged a strong recovery last year on the back of its successful management of the pandemic and sizeable policy support, adding that
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A team supervised by the University of Cambridge Cypriot Professor Dr George Vasiliou discovered how gene mutations affect hematopoiesis and cause leukaemia. According to the Karaiskakio Foundation, a new study conducted by scientists from the Wellcome Sanger Institute, the Cambridge Stem Cell Institute, European Bioinformatics Institute revealed how genetic mutations disrupt the production of blood and how
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