Tourism boss Savvas Perdios is confident that Cyprus will have a better season than in 2021, despite the war in Ukraine and sanctions imposed on its second-largest market Russia. Talking before the House on Tuesday, the Deputy Minister of Tourism said the island expects to welcome well over two million tourists in 2022 – below
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Health authorities are drafting a response plan for a possible outbreak of monkeypox in Cyprus, including a vaccination rollout. Health Ministry officials on Tuesday are to exchange views with epidemiological and pharmaceutical experts on how to tackle the possible spread of the Monkeypox virus in Cyprus. Talking to state TV CyBC, the Director of Medical
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting a defensive approach towards risk amid fears over the global economic outlook and concerns around inflation. These negative themes overshadowed Monday’s optimism offered
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Some 15,000 Ukrainian refugees fleeing from Russia’s invasion have found refuge in Cyprus, with migrant flows from the conflict continuing. Since the start of the war on 24 February and up until the beginning of May, around 14,000 Ukrainian refugees have arrived on the island, with another thousand estimated to have come in the past
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Cypriot motorists are in for a financial jolt as petrol station owners warn that pump prices will hit €2 per litre as consumer groups scream profiteering. In comments to Astra Radio, the spokesperson for the Cyprus Petrol Station Owners, Christodoulos Christodoulou, said petrol prices would increase by at least 20 cents per litre within the
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The European Commission has underlined the need for Cyprus to reduce its reliance on fossil fuels and accelerate the development of renewables. Its European Semester for 2022 called on Nicosia to develop a more diverse and environmentally sustainable model for economic growth. The Commission also urged Cyprus to improve the governance of state-owned entities in
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President Nicos Anastasiades has told Brussels that sanctions on Russia should not have a bigger impact on EU member states than on Moscow. He took part in a videoconference on Monday, convened by European Council head Charles Michel with Swedish premier Magdalena Andersson, Austrian Chancellor Karl Nehammer and Croatian premier Andrej Plenković. The videoconference took place ahead
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By Jeffrey Halley Snap, Crackle, Pop! may bring back memories of breakfast cereals, but for Snap Inc their quarterly guidance was more of a dog’s breakfast. Snap’s stock price went snap, crackle, pop, as it fell by over 30% in extended trading after the CEO, in a note to employees, said it would miss quarterly
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The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed seven branches of Lebanese banks in Cyprus, while another two were closed in the previous period. Lebanon has been in a deep economic
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The Italian-French consortium Eni-Total has commenced new exploratory drilling for natural gas at Cronos-1 within Block 6 of Cyprus’ exclusive economic zone, the Energy Ministry announced. The ministry said the Tungsten Explorer drillship arrived Monday and began work for the consortium with a hydrocarbon exploration license for Block 6. Test drilling will be monitored continuously
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