Cyprus is preparing to purchase Iron Dome defence technology from Israel capable of intercepting Turkish drones. It would become the world’s first country to buy Israel’s Iron Dome technology. Cypriot newspaper Kathimerini Cyprus reported the deal has been finalised but not formally announced. According to The Times of Israel, the Cypriot Defence Ministry has begun “implementing the
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Cyprus’ Millennials and Generation Z struggle to make the dream of owning their home, forced to rent a roof over their head, in line with the European trend, argue real estate agents. According to a European Central Bank research report, a sizeable decrease in homeownership among younger households has been recorded this year. As the
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By Craig Erlam Stock markets were off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late summer winning streak that saw stock markets recover a significant portion of the losses endured this year. And it seems that has set
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Cyprus will increase its traffic camera network, with mobile and fixed cameras installed at accident blackspots and frequent speed limit violations. In comments to Phileleftheros daily, the assistant director of the Police Traffic Department, Charis Evripidou, said the location of the latest additions to the camera network would be announced once installed. Authorities expect another
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Italian oil and gas giant Eni and its French partner TotalEnergies have made a significant gas discovery at the Cronos-1 well in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same block in 2018. According to TotalEnergies, the Cronos-1 well, located some 160 km southwest off the Cyprus coast, encountered
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The danger of monkeypox spreading among Cypriot society is real, warned the Health Ministry on Monday. Cyprus has so far reported four cases, all in August. Talking to Phileleftheros daily, the ministry’s communication officer, Konstantinos Athanasiou, said: “The danger is there. That is why the World Health Organisation has sounded the alarm over monkeypox. “We,
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A majority of passenger cars in Cyprus (66%) are older than 10 years old, and only 4% are nearly new. In 2020 only 4% of passenger cars in Cyprus were newer than two years (22,812 cars), 10% were between 2 and 5 years old (58,211), 20% were between 5 and 10 (117,506), 49% were between
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The Finance Ministry welcomed Moody’s acknowledgement the Cyprus economy was resilient and had the potential to overcome the challenges. The ministry issued a statement following Moody’s decision to change the outlook on Cyprus’ Ba1 ratings to positive from stable while affirming the long-term foreign-currency and local-currency issuer and the local-currency senior unsecured ratings at Ba1. It
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Cyprus opposes a ban on tourist visas for Russian nationals travelling across the European Union, which the Baltic countries could propose during an informal EU Foreign Ministers meeting in Prague next week. “We issue visas even for Turkish citizens because we believe in people-to-people contacts, Permanent Secretary of the Foreign Ministry,” Kornelios Korneliou told CNA. “There is also the
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Corruption in Cyprus has filtered through most aspects of our society. First, we need to identify the extent of the problem. Second, we have to look into the causes of corruption. Last but not least, we must put forward concrete proposals on how to fight it. THE PROBLEM Corruption during the ten-year tenure of Anastasiades’
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