Labour productivity in Cyprus is below the EU average, ranked at the bottom end with Portugal and Greece, said the Economic and Competitiveness Council. Releasing its second competitiveness report, the Council notes that Cyprus performed poorly, as its productivity ratio compared to the EU average stands at 80.6% in 2020, dropping from 95.7% in 2008.
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Cyprus’ Supreme Court on Monday overturned the conviction of a young British woman found guilty of lying about being gang-raped by Israeli tourists. Defence lawyers said the court agreed they had successfully argued there was a miscarriage of justice in the conviction of ‘public mischief’ by a district court judge in 2020. A small crowd
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The Health Ministry’s ‘test to stay’ school testing policy came under criticism on Monday when a number of testing stations did not operate, as units found themselves understaffed at the last minute due to a large number of team members having been infected with COVID-19. The ministry came under criticism as it had sent a
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Unvaccinated Cypriots holding a recovery certificate as a Safe Pass after contracting COVID-19 will now see its validity drop from 180 days to 90 days. On Monday, the Health Ministry reminded the public of the change. The change came into effect following a cabinet decision to tweak Safe Pass regulations taken in December to push
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Unvaccinated priests are to be sent on mandatory leave, announced Cyprus’ Archbishop Chrysostomos II, warning of tougher measures if they continue to defy church rules on COVID-19. Archbishop Chrysostomos, over the weekend, said he would be sending a dozen priests home on Tuesday, as they have refused to get vaccinated, while also advocating against the
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Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, Moody’s argues. It follows reports that Cypriot banks had sold or transferred €19.2 bln of loans, mainly nonperforming exposures (NPEs), to asset management companies and that borrowers subsequently settled less than 10%, or €1.8 bln,
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Cyprus reported one coronavirus death on Sunday, raising the toll for January to 93, with new daily cases rising slightly to 2,225, while hospitalisations increased to 211 of whom critical cases also rose, to 74. The health ministry said in its Covid bulletin that the latest victim was an 88 year old man, with the
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Unsurprisingly, there was no rumble of indignation or calls for a public inquiry as to why a backroom deal was made to give civil servants a luxury ride at our expense. It seems the privileged classes and those we elected as our representatives to tame the beast of political power did themselves a few favours
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Rural Cyprus is getting an upgrade with growing investor interest in mountain villages materialising as multi-million projects come online, transforming once-neglected areas More and more investors are looking for opportunities in the rural areas, focusing on mountain resort projects, from revamping abandoned and timeworn hotels to building new resorts and luxury villas. In Platres alone,
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Almost 10 years to the day, a packed audience in the present-day Hilton Nicosia heard for the first time how Cyprus could have a backup plan to ensure electricity supply is never interrupted again. It was music to the ears of government officials, business leaders and consumers struggling to cope with the aftermath of the
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