In July, Cyprus Airways carried over 59,000 passengers (+212%) and operated 429 flights (+207%) over the same period last year despite European airport staff shortages. Average seat load factors for the month stood at 92%, while OTP (On Time Performance) figures show that 76% of flights operated on time. Andreas Georgiou, Chief Operating Officer of
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Health authorities have ditched the last remaining state COVID-19 testing points at shopping malls and supermarkets, arguing experts have a clear image of the virus in the community from tests at labs and pharmacies. Free government testing sites will still be available at state hospitals to cater to visitors, as regulations stipulate that a 24-hour
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Last month, a law regulating the use of electric scooters is not expected to have any practical effect, as a lack of infrastructure and communication with the public render legislation redundant. As more electric scooters are spotted whizzing through European capitals, this eco-friendly trend has found its way to Cyprus, but not without hurdles to
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Cypriots may think twice about eating meat after the butchers’ association warned of a 30% price hike on the wholesale cost of veal and beef, which will have a knock-on effect on consumers. The announcement comes as Cypriot consumers have already seen the price of pork and chicken increase by 16%. According to butchers, since
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The market capitalisation of shares traded on the Cyprus Stock Exchange reached €1.90 bln in July, according to the CSE monthly bulletin. Total market capitalisation, including the Bond Market, reached €3.37 bln, down 1.08% from €3.41 bln in the previous month. Based on the data for July, the Main Market constituted 31.66% of the total
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By Han Tan, Chief Market Analyst at Exinity Group Market volatility has eased in the lead up to Wednesday’s highly anticipated US CPI data. The VIX index has moderated closer to 20, which is notably below the mid-30s peaks it has witnessed on multiple episodes so far this year. The JPMorgan Global FX Volatility Index
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The biggest cybercrime problems faced by Cypriot small and medium-sized enterprises (SMEs) in the last 12 months were phishing, account takeover or impersonation attacks (16%), higher than the EU average (11%), according to an EU survey. Other online issues included viruses, spyware, or malicious software (excluding ransomware) (8%) at a rate lower than the EU
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The government on Tuesday hit back at Opposition AKEL’s accusations that its silence is deafening over an alleged Cyprus link to an eavesdropping scandal in Greece and the infamous ‘spy van’ affair. Government spokesperson Marios Pelekanos said in a statement: “Efforts to connect the two unrelated cases are an attempt at political exploitation, with which
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Noise pollution threatens efforts to mitigate the damage delivered by the pandemic and the loss of the Russian market by attracting quality tourism, say hoteliers calling on authorities to step in. In an announcement, the Association of Cyprus Tourism Enterprises (STEK) said owners of bars and open-air clubs at popular resorts have their music too
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The end of COVID and the cost-of-living crisis have seen more dogs abandoned by owners unable to keep their pets, or they had fulfilled their purpose during lockdown when people were allowed outdoors to walk their dog. “It’s raining dogs at animal shelters,” said an animal rights organisation volunteer in comments to Phileleftheros daily, noting
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