Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%). In the second quarter of 2019, hourly labour costs increased by 2.8% (euro area), 3.2% (EU28) and 6.1% (Cyprus), according to data published by Eurostat, the statistical office of the
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Cyprus says it will not react in the way Turkey is anticipating over a possible flashpoint when a Turkish naval ship ushered an Israel research vessel out of the island’s EEZ. The incident happened two weeks ago said the Jerusalem Post, citing Israel’s National Infrastructure, Energy and Water Ministry. According to reports, the incident took
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By Hussein Sayed, Chief Market Strategist at FXTM After many months of confusion and uncertainty, markets finally received a dose of clarity on two fronts. One on trade and the other on Brexit. Washington and Beijing announced on Friday an agreement of an interim trade deal to partially reduce their trade conflict. According to this
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The number of Cyprus job vacancies in Q3 reached 7,130, a decrease of 537 places or 7% compared to the same quarter of 2018 when the number was 7,667. Compared to Q2 2019 the number of job vacancies increased by 989 or 16.1%. The annual job vacancy rate in the Q3 of 2019 dropped to
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Division in Cyprus is not the choice of Cypriots, “there is no other alternative but to bring peace to our land” President Nicos Anastasiades told Turkish Cypriot leader Mustafa Akinci. Cypriot leaders were attending ‘Imagine’ Head Teachers Conference, organized by the bicommunal Technical Committee on Education involving Greek Cypriot and Turkish Cypriot headteachers. Both leaders
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Turkey sent a surveillance and reconnaissance drone to the occupied north of Cyprus on Monday to bolster Ankara’s energy search in the region amid rising tension. The Turkish-made Bayraktar TB2 drone arrived at the airport in Lefkoniko after a five-hour flight from a Turkish airbase in Dalaman. Turkish Daily Hurriyet said the drone is part
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BirdLife International has recognised the Cyprus Scops Owl as a full species in its own right, endemic to the island. The Cyprus Scops Owl is a small owl that is unique to Cyprus. Based on differences in its plumage and song, until recently, the Cyprus Scops Owl (Otus scops cyprius) was treated as a subspecies
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Larnaca-based Cyprus Airways will operate flights to Rome during Summer 2020 with two weekly flights as part of a schedule of new routes. The flights start on 13 June, every Wednesday and Saturday. Natalia Popova, Chief Commercial Officer of Cyprus Airways said: “We are absolutely delighted to add this historic city to our network. It’s
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New Cyprus company registrations recorded a 19.5% annual drop in November and the decrease was 13.3% for the first 11 months of 2019, data released by the Registrar of Companies and Official Receiver show. On the basis of applications submitted for the registration of new companies it is likely that 2019 will be the first
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While EU member states are completing their fast internet connection targets set by the bloc, Cyprus is nowhere near coming close to them. EU targets foresee that more than 50% of households should be connected with Next Generation Networks by 2020. Connection to a Next Generation Network would see users surfing at speeds of at
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