Cyprus hoteliers are urging tour operators to activate plans and packages drawn up to face the negative impacts from the geopolitical turmoil in the region, the rise of neighbouring markets and Brexit. The chairman of the Cyprus Hotels Association (PASYXE) Haris Loizides told finance website Stockwatch that turmoil in neighbouring countries may lead to an
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Cyprus Foreign Minister Nikos Christodoulides is in Cairo to participate in a five-party summit with his counterparts from Egypt, France, Italy and Greece to focus on events in Libya. According to Nicosia the aim of the meeting is to evaluate developments in the wider Eastern Mediterranean region and how to deal with existing challenges to
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Registered Cyprus unemployed recorded a 15% drop in December on an annual basis falling from 29,800 in 2018 to 25,285, official data shows. Unemployed people registered at the District Labour Offices on the last day of December 2019, reached 25,285. Based on the seasonally adjusted data that show the trend of unemployment, the number of
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Nine out of Cyprus’ 18 dams have overflowed, while the island’s largest dam at Kouris with a capacity of 112 mln cubic metres is also on the brink. Following the heavy rainfall over the last four days, adding another 59.7 million cubic meters of water, the country’s reservoirs have reached 94.6% of their capacity. As
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UK Foreign Minister Dominic Raab said he is relieved at the four-month suspended jail term delivered on Tuesday by the Famagusta District Court against a 19-year-old convicted of a false rape allegation. Asked whether he would now be making representations to Cyprus President Nicos Anastasiades for a pardon for the young Briton, Raab said: “Well
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Economic sentiment in Cyprus declined to its lowest level in 2019 during December due to weaker business confidence in services and industry. The Economic Sentiment Indicator compiled by the University of Cyprus’ Economics Research Centre (ERC) dropped by 1.8 points to 109.2 points in December compared with 111.0 points the previous month. “The decrease resulted
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Escalating tensions between the U.S. and Iran are likely to drive the price of Bitcoin higher, affirms the CEO of one of the world’s largest independent financial services and advisory organisations. The comments from Nigel Green, the chief executive and founder of deVere Group, came as Tehran threatened “revenge” on the U.S. over the killing
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Cyprus’ Meteorology Department issued a yellow warning for thunderstorms on Tuesday as bad weather on the island caused flooding and dangerous driving conditions. The service issued its second yellow warning since the beginning of the year, which will last from Tuesday noon until 10 pm the same day. The department warned that thunderstorms, probably accompanied
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Five foreign ministers of Greece, Cyprus, France, Italy and Egypt on Wednesday will hold a summit in Cairo to assess growing tension in the Eastern Mediterranean since Turkey signed a maritime deal with Libya. Cyprus Foreign Minister Nikos Christodoulides said the meeting in the Egyptian capital will evaluate developments in the broader Eastern Mediterranean region,
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A British teenager found guilty of lying about being gang-raped in Cyprus by Israeli tourists was sentenced on Monday to four months in jail, suspended for three years allowing her to leave the country. The teenager was found guilty of fabricating her rape claim in a case that put the spotlight on sex crimes in
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