The United Nations Peacekeeping Force in Cyprus (UNFICYP) has condemned an attack by unidentified perpetrators against a UN patrol vehicle in the Nicosia buffer zone. UNFICYP said the incident occurred at around 10 pm on Saturday inside the buffer zone, approximately three kilometres east of Yeri. It said the perpetrators fled towards the south in
More
Supermarkets expect no goods shortages as the Ukraine war has not created dents in Cyprus’ supply chain, while competition is keeping prices in check. The executive secretary of the Pancyprian Supermarkets Association, Andreas Hadjiadamou, said the supply chain operates normally. However, the international food crisis concerning raw materials and cereals is ‘a different matter’. He
More
Investment funds increased from 257 in December 2021 to 273 in March, but their total assets decreased by 0.55% to €8.692 bln in March, €8.740 bln. According to the Investment Funds statistics from the Central Bank of Cyprus, deposits and loans of investment funds were €932.9 mln, from €753.6 mln in December 2021. Their securities decreased from
More
Experts urge the government and public to be vigilant for monkeypox cases, as an unprecedented global spread of the virus raises a new health alarm. In comments to CNA, University of Cyprus assistant professor of infectious diseases Dr Maria Koliou said that monkeypox could reach the island, as European countries have already reported cases. “The
More
In the coming days, Cyprus could lift a mask mandate for indoors after Health Minister Michalis Hadjipantela asked advisors to deliver their recommendation for when the measure can be scrapped. According to the Cyprus News Agency, the majority of scientists advising the government on the coronavirus outbreak favour lifting the compulsory mask mandate after two
More
Cyprus banks are worried over growing tension between Hellenic Bank and its employees as the sector heads for strikes following HB’s decision to make 350 staff redundant. Hellenic, Cyprus’ second-largest commercial bank, officially informed unions of their intentions to reduce their staff by 300-350 to slash operating costs earlier this month. The bank is determined
More
Turkey is ready for energy cooperation with Israel after years of hostility, reviving a project to pipe Israeli gas to Europe as Ankara seeks to reduce its dependence on Russia. But the plan faces Israeli scepticism over past diplomatic tensions and seems a pipe dream in the eyes of experts due to its logistical complexity
More
GDP growth in Cyprus this year will decelerate to 2.3% from the previous estimate of 3.6%, while inflation will more than double due to negative geopolitical developments associated with the war in Ukraine, Central Bank Constantinos Herodotou said. “In relation to the economy’s growth in 2022 and taking into account the new negative geopolitical developments,
More
By Jeffrey Halley Recessionary concerns continue to hold back the buy-the-dippers in Asia on Monday, with stock markets ignoring the strong rally by US index futures. It is always worth taking the price action with a grain of salt and regional markets are probably placing more emphasis on a flat close by Wall Street, given
More
Without COVID to keep people in check, the government is wobbling to the finish line like a lame horse in the Grand National. After spending a truckload in state support to keep staff and businesses afloat during the height of the pandemic, the government needs to find more cash to soften the blow of soaring
More
