The House of Representatives unanimously approved a government request extending the retirement age of civil servants to 63 as part of efforts to improve public finances to qualify for euro entry by 2008. Finance Minister Makis Keravnos said the extension, from 60 to 63, would save the government CYP 20 mln this year, if it
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The number of building permits authorised during March showed a moderate increase of 4.5% year-on-year to 820, but the capacity and value of the permits surged sharply higher, according to data released by the Statistics Department. The total value of the permits reached CYP 130,1 mln for a 35.4% year-on-year rise and the total area
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Cypriots’ love to travel abroad is showing no signs of slowing as evidenced by the latest statistics which showed that foreign travel recorded an 8.8% increase in May to 72.752 persons. During the first five months of the year, a total of 319.000 persons traveled abroad compared to 295.000 a year ago in the same
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DIKO, the coalition party of Cyprus President Tassos Papadopoulos, boycotted its second meeting with Turkish Cypriot parties on Wednesday, after refusing to attend a meeting in a room where the Turkish and Turkish Cypriot flags were on display. The meeting was due to be held with the Republican Turkish Party (CTP), which heads the administration
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The Cyprus construction sector is still going strong, with both the value and size of building permits authorised booming in March compared with the same month of the previous year. The total value of building permits authorised rose by 35.4% year on year to CYP 130 mln, while the total area in metres squared rose
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Nobel laureate Jack Kilby known as the “father of the microchip” died on Monday in Dallas after a brief battle with cancer, his former employee Texas Instruments announced. He was 81. Kilby, awarded the Nobel Prize in Physics in 2000, was lauded for his invention of the integrated circuit, which ushered in the electronics age.
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