The not-so-inspiring cabinet reshuffle, best seen as another round of musical chairs, has done little to drum up domestic support from the ruling DISY party. It has also alienated a significant part of the female electorate, by slashing in half the number of women in the Council of Ministers. The petty excuse given for this
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Cyprus scored below average in yet another international student assessment to measure school standards, but stakeholders argue such tests are not a clear reflection of a country’s education system. In the 2018 International Student Assessment known as PISA, Cyprus came 50 among 77 countries when for reading and understanding a text, dropping 3 spots compared
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New Finance Minister Constantinos Petrides warned against complacency regarding the economy as he reaffirmed the government’s commitment to ensure its justice and local administration reform agenda is implemented. Presenting the 2020 state budget before parliament, on Friday, his first official appearance after taking over three days earlier, Petrides said his ministry will be focussed on
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Privatising the Cyprus Telecommunications Authority (Cyta) and continuing the government’s fiscal policy are top of the new Finance Minister Constantinos Petrides’ to do list. He told parliament during his first appearance as Finance Minister that the government is committed to at least the partial privatisation of Cyta by attracting a strategic investor. Petrides stressed the
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Nicosia reaffirmed its commitment to projects which will end Cyprus’ energy isolation and increase the island’s security of supply by connecting it to the rest of the European Union. Speaking at the 7th Energy Symposium, President Nicos Anastasiades referred to Cyprus’ energy plans over the coming years. While in 2020 Eni-Total test drills will continue
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Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded. The Consumer Price Index (CPI) increased in November by 0.31 units and reached 101.60 units compared to 101.29 units in October 2019. In the 12-month period from December 2018 to November 2019,
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By Lukman Otunuga, Senior Research Analyst at FXTM Trump strikes positive tone on trade talks OPEC gearing up for deeper output cuts Saudi Aramco Raises $25.6 Billion in World’s Biggest IPO Gold steady ahead of US jobs data Asian markets edged cautiously higher on Friday as investors took heart from Donald Trump’s latest remarks on
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There are no shortages of dentists in Cyprus, but Cypriots are the least likely in Europe to visit one for a check-up. Cyprus is bottom of the EU list with only 0.12 consultations with a dentist per inhabitant in 2017 (down from 0.13 in 2016) followed by Romania with 0.4. In Romania, Cyprus and Portugal
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As construction on the new Metropolis Mall in Larnaca, near the general hospital, is moving ahead at a rapid pace, retailers are moving in to grab the best store locations in the first shopping mall for the wider region. The €60 mln project is picking up speed hoping to push its opening date to before Christmas
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Greece has repatriated the identified remains of six soldiers who were killed in action in Cyprus during Turkey’s 1974 invasion. The soldiers’ relatives were honoured during a church service and ceremony in Nicosia on Thursday prior to the coffins being flown aboard a Greek air force transport aircraft. Greece’s deputy minister of national defence, Alkiviadis
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