Transport Minister Yiannis Karousos has ordered a probe into three incidents in as many weeks investigating possible safety faults on buses employed by the Cyprus Public Transport company, which took over the Nicosia and Larnaca urban public networks on July 5. The probe follows a series of events involving buses moving on their own, with
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Sustainable and responsible investments (ESG) are now regarded as ‘safe havens’ by the majority of investors, according to deVere Group, one of the world’s leading independent financial advisory and fintech organisations. Internal studies show that 56% of clients who seek to include environmental, social and governance-orientated investments into their portfolios do so citing that such
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Turkey issuing an illegal new NAVTEX for a seismic survey in the Eastern Mediterranean between Cyprus and Greece will be discussed when President Nicos Anastasiades meets French President Emmanuel Macron in Paris on Thursday. Top of the talks’ agenda is energy, defence, bilateral relations, Turkey’s ‘gunboat diplomacy’ and other developments in the Eastern Mediterranean. Which
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Cyprus reported zero new coronavirus cases on Wednesday for the third time in July with total infections staying at 1,040 since the outbreak while the breakaway north confirmed five cases. The Republic’s health authorities were able to report no new infection of COVID-19 was identified after an unusually high number of 2,465 tests, recording 16
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RCB Bank, operator of the alternative retail payments terminals and Mastercard have joined forces to launch a cash-back service at all RCB point of sale (POS) terminals, using Mastercard debit cards. Saving consumers, the trouble of going to an ATM to withdraw cash, the RCB-Mastercard venture, called “Cash@POS”, allows consumers to withdraw “up to €100”,
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British tourists will not save the day as initially hoped as they will have a hard time booking a Cyprus holiday before the end of August as tour operators refuse to include the island in their offers. As a result, Cyprus has halved its expectations over tourist arrivals in August to 100,000 from 200,000 as
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Cyprus health authorities told mass event organisers of weddings, concerts and festivals to hold-off for now as a date for lifting COVID-19 restrictions on large gatherings has been delayed post-September. Big event organisers were told earlier in June, by Health Minister Constantinos Ioannou, that mass events would be allowed from 1 September, however, mass gatherings
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Streaming giant Netflix generated $2,343,773 per employee for the financial year 2019, according to data gathered by Buy Shares and released in Q2, 2020, making it the highest figure among selected tech companies. Apple comes in second by generating $1,899,051 per employee, followed by social media giant Facebook at $1,573,072. Alphabet, which runs Google, generated
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Greek Prime Minister Kyriakos Mitsotakis has said that if Turkey continues with its aggressive behaviour in the region by disregarding the maritime rights of Greece and Cyprus, Brussels must act swiftly. Mitsotakis made the comments after meeting German Foreign Minister Heiko Maas, in Athens on Tuesday. They discussed Turkish illegal actions in the Eastern Mediterranean
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Flights to Cyprus are mostly half empty but authorities hope to see traffic at its airports pick up in the coming weeks, as travel lockdowns introduced to stem the spread of COVID-19 are gradually being lifted. In a Tweet, Transport Minister Yiannis Karousos said that Cyprus has seen some 101,338 passengers pass through Cyprus airports
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