British Bases Police’s third annual Cycle Challenge in co-operation with the Republic of Cyprus on October 29-30 raised more than €55,000 for charity. The money will be donated to the Cyprus Anticancer Society and children’s charities, One Dream, One Wish and Little Heroes. The event was supported by First Lady, Mrs Andri Anastasiades and Bases
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Nicosia continues to drive the real estate market’s recovery, with total property sales in the capital for the first ten months exceeding those recorded in pre-coronavirus 2019. Compared to coronavirus-stricken 2020, sales in the capital increased by a whopping 33% from January to October and 38% more than the same period in 2019. Despite an
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By Hussein Sayed, Chief Market Strategist at Exinity Central banks are taking steps toward normalising monetary policies. Economic growth already seems to have peaked; inflation is trending higher, short term interest rates are surging across developed economies, and some of the largest tech companies delivered negative earnings surprises last week. These are all good ingredients
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Keeping the island’s air connectivity running during the autumn months has paid off, as October was the best month for Cyprus airports passenger traffic in 2021. According to Hermes Airports, the Larnaca and Paphos airports operator, passenger arrivals and departures reached 951,820 last month. The next best month on record this year was August, with
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Despite COVID-19 obstacles, Cyprus’ economic priorities remain to achieve macroeconomic stability and establish a competitive, business-friendly regulatory environment, said Finance Minister Constantinos Petrides. “Despite the pandemic setback, our policy priorities remain the same, that is achieving macroeconomic stability, implementing prudent fiscal policies, ensuring financial stability and establishing a competitive, business-friendly regulatory environment of high standards,”
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November started with no coronavirus deaths on Monday, for the second day in a row, as new cases spiralled to 280 with hospitalisations also rising, to 68. The health ministry said that the death toll since the pandemic started remained unchanged at 574, following September’s 40 and the record 80 fatalities in August. The number
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Cyprus has demoted three European countries in its latest COVID safe travel list, with Norway, Czechia and Denmark dropping from the medium risk orange to high-risk red. No country was upgraded to green, while the red category began to swell. With Czechia and Denmark downgraded, most EU countries, 19, are now in the high-risk red
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As Black Friday beckons later this month, Cyprus retailers hope COVID will remain under control during the busy holiday season. In comments to Phileleftheros daily, the general secretary of the Cyprus Retailers Association, Marios Antoniou, said the Christmas period and especially the first 20 days of December would be decisive for the year’s turnover. Black
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Turkish Cypriot leader Ersin Tatar has given the newly elected chairman of the National Unity Party (UBP) Faiz Sucuoglu the mandate to form a new ruling coalition on Monday. Sucuoglu was elected as the head of UBP at the party’s extraordinary congress on Sunday after the former boss Ersan Saner stepped down from both the
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Cyprus is impacted by the dissipating Mediterranean cyclone Apollo, approaching the island from the west bringing local thunderstorms with a chance of hail. In comments to the Financial Mirror weather observer Eric Kitas of KitasWeather, said Cyprus will see rain as the cyclone approaches the island late Monday and early Tuesday. “Despite losing its cyclone
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