Big tobacco companies chose Cyprus among the first countries to launch their campaigns to reduce the health impact of their business by encouraging smokers to switch to less risky alternatives. As people become more aware of the health risks of smoking cigarettes, big tobacco has shifted towards new alternative products that potentially pose a smaller
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It is sad that with the next presidential elections nine months away, what used to be a pro-business administration, aiming to boost entrepreneurship, build public sector efficiency, and combat corruption, has done exactly the opposite to satisfy voters. This week’s protest-turned-violent by the goat farmers, rightly frustrated the government has back-tracked on the milk quotas
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After three decades of independence following the collapse of the Soviet Union, tiny Armenia faces a plethora of challenges, not least because of hostile intentions from its neighbours. With limited natural resources to enhance the country’s image and help rebuild an economy hampered by wars, Yerevan is turning to diplomacy to strengthen relations and build
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There is a protracted impasse on the Cyprus problem. As a result, we are faced with the worst situation since the invasion, one step before partition. Many of our compatriots are tired of the Cyprus problem. They feel they have other priorities that demand their concern: rising prices, increasing unemployment, and the quality of our
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By Craig Erlam Equity markets were back in positive territory on Friday, but I’m struggling to get too excited by the moves we see going into the weekend. The rebound may partly reflect the scale of the declines we’ve seen in the previous couple of sessions, while the cut to the five-year loan prime rate
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Strange as it may seem, the sufficient amount of water impacts the demand and prices of real estate, especially from foreigners who have a choice of country and yet decide to move to Cyprus. Until recently, this market translated to around €2 bln a year and employed thousands of people working as professional staff and
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A controversial Russian-born Israeli arms dealer Arcadi Gaydamak has implicated Cyprus in an alleged $600 mln fraud case against him. According to news site Philenews, citing a TV documentary aired recently on Israel’s popular Channel 12, the 70-year-old’s lawyers have reported to Cyprus authorities that a person he trusted deceived him, transferring to a Cypriot
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Cyprus finds itself at the bottom of another ranking list compared to its fellow EU states, this time the Justice Scoreboard measuring the judicial system’s independence, quality, and effectiveness. According to the EU Commission’s tenth Justice Scoreboard, Cyprus’ performance is the worst in the bloc. The Scoreboard gives an annual overview of indicators focusing on
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A Larnaca General Hospital A&E doctor was found guilty of medical negligence in the death of 10-year-old boy Stavros Giorgallis, who died after sustaining a head injury in May 2018. The Larnaca District Court found GP Iracles Pantelidakis guilty of failing to properly examine the head X-ray of the 10-year-old boy, who later died from
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There were no decisions Friday on measures to buffer hiking inflation, diminishing Cypriots’ purchasing power, as the government postponed action until next week. Following the meeting on Friday, government spokesperson Marios Pelekanos said that measures proposed to reduce the impact of price increases would be brought before the cabinet for approval next week. President Nicos
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