Encouraged by their improved profits in 2021, one of the island’s largest retail chains, Jumbo, is gearing up to open a second mega store in Nicosia, the sixth in Cyprus. Reportedly, Greek-owned Jumbo Cyprus has already started setting up a second store in Nicosia, at the capital’s entrance, in the vicinity of the Cyprus Mall.
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Rising energy prices put more people under increased financial pressure and at greater risk of energy poverty. This is according to the fifth round of the living, working and COVID-19 e-survey: Living in a new era of uncertainty – a report that presents an overview of responses from over 200,000 people across all five rounds
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The Deputy Ministry of Shipping announced it had signed a contract for digitising its services, heralded as “an important step” to further strengthen the important sector’s efficiency. The contract was signed with the CSC Consortium (Cellock, SignalGenerix and Computer Resources International (Luxemburg)) following a tender process. It covers the digitisation of the Deputy Ministry’s services
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Head of the Blood Bank Androula Panayiotou has urged Cypriots to donate blood before they head off for their traditional long summer break to maintain quantities at a safe level. She told the Cyprus News Agency that no life is in danger at the moment. But she underlined that people coming forward to give blood
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Inflation in Cyprus has broken every record in the book, as it increased by 10.9% year on year in July, driven by hikes in electricity and fuel, said the Statistical Services. The highest inflation rate Cyprus witnessed was 10.8% in December 1981. In July, electricity prices rose 61.7% and fuel 44.1%, according to CyStat’s latest
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Police have urged the public to be vigilant of their online transactions after a 49-year-old man reported he was scammed out of over €40,000 after receiving advice on social media from someone he did not know on how to invest in cryptocurrency. According to the police, the 49-year-old, who lives in Limassol, reported that, after receiving
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A labour crisis in the banking sector seems to be averted as Hellenic Bank has taken a step back from its plans to reduce staff with redundancies without compensations. Hellenic CEO Oliver Gatzke told staff the bank’s administration would be entering negotiations with union ETYK over the renewal of a collective agreement and preparing a
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This year’s revised target of gradual recovery for the tourism industry will be attained, but staff shortages and soaring inflation pose challenges in the coming months, said the Cyprus Hotel Association’s (CHA) Philokypros Roussounides. The CHA Director General said at the moment, the average hotel occupancy for the month is around 80%. He said that most
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Authorities reported another 28 COVID-19 deaths in the Health Ministry weekly bulletin on Friday, three of which were recorded in the past week. New cases and hospitalisations dropped from last week’s levels to 5,472 and 71, respectively. The Health Ministry announced 25 more deaths which were reported to the authority with a considerable delay. The
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Video game development firm Nexters, headquartered in Limassol, reached record-breaking quarterly revenues of $126 mln, growing 45% year-over-year and record high quarterly net profit of $23 mln. According to the company’s unaudited financial and operational results for Q1 2022, Nexters cash flow generated from operating activities equals $18 mln. Earlier this year, Nexters entered agreements
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