By Antonis Loizou From time to time it comes to our attention either through our own experience or through information from our readers, various situations that can only be described as “odd”. Some of these odd situations we understand occur in undeveloped countries, but not in an E.U. member state which aspires to become better.
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Surely, it’s time to survey the wreckage of what Cyprus has done to the beautiful game and ask whether there is any point in trying to pretend that professional football can survive on this island. Against a backdrop of deep suspicion over match-fixing, bomb attacks against referees and a breakdown in trust between clubs and
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Cyprus has paid off early an International Monetary Fund loan that was part of a €10 bln rescue package in 2013 from lenders to save the island’s banking system, with analysts praising the government for a fiscally sound bond issue. Finance Minister Constantinos Petrides said the loan’s early repayment would bolster the country’s credibility in
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When the energy ministers of seven states signed the foundation charter this week to elevate the East Med Gas Forum from a discussion platform to a fully-fledged body of cooperation, few realised this has the makings of establishing a far-reaching alliance to help untangle some age-old conflicts. Egypt has rightly taken the initiative to jump
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A government decision to include subsidies for used vehicles in a scrappage scheme has importers of new cars fuming over the inclusion saying it defeats the purpose of protecting the environment from harmful emissions. According to reports, the government is set to include a €1000 subsidy to encourage scrapping old cars in exchange for a
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Professor Michael R. Czinkota President Donald Trump ordered the termination of Major General Quassim Soleimani of Iran in retribution for his terrorist plans and activities. Iran retaliated with a missile strike on Iraqi bases hosting U.S. troops. As the result, the President announced new economic sanctions against Tehran. Many now wonder whether this U.S. involvement
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Cyprus MPs have voted in a law regulating short-term rentals through online Airbnb-type platforms which must be registered. The law bringing an end to unlicensed short-term accommodations was approved at a House plenary on Friday. The bill was tabled by EDEK MP Elias Myrianthous with ruling DISY MP and president Averof Neophytou. The law regulates
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The Cyprus Football Association on Friday decided to indefinitely call-off all fixtures after referees decided to strike in response to a bomb attack against one of their members. The CFA said in a statement that all games were postponed across all divisions, condemning the bombing in Larnaca as “an act of terror”. It said the
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By Han Tan, Market Analyst at FXTM Asian stocks and currencies were mixed Friday, despite global investors being given positive signals on the world’s two largest economies. US retail sales climbed 0.3% in December, while jobless claims came in lower than expected at 204,000. China’s economy grew 6.1% in 2019, meeting the official target range
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Despite a 2.9% reduction in electricity transmission and production costs, consumers in Cyprus will not see any dent in their energy bills due to the electricity authority paying for the right to pollute. While the Electricity Regulatory Authority has approved the Electricity Authority’s estimated 2.9% reductions on electricity prices for household and industrial bills it
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