Cyprus has recorded the second biggest decrease in annual electricity prices in the EU during the first half of the year, according to Eurostat. It said electricity prices in Cyprus dropped by 7.4% in the first six months, compared to the same period in 2020. The largest drop was recorded in the Netherlands, where prices
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Bitcoin, that topped $66,000 on Wednesday, is undeniably a mainstream asset class and most investors should consider including crypto assets as part of a diversified portfolio, said the boss of one of the world’s largest independent financial advisory, asset management and fintech organisations. “In July, we publicly predicted that Bitcoin would reach and most likely
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Finance Minister Constantinos Petrides said the Cyprus economy would become more robust by going through the green and digital transition. In his speech at the Digital Agenda Summit held Wednesday in Nicosia, the minister referred to the Cyprus Recovery and Resilience Plan (RRP) of €1.2 bln, which is expected to mobilise more than €1 bln
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Health authorities are anxious over the steady increase of fully vaccinated older adults contracting COVID-19 and landing in ICUs while the booster shot rollout lags. According to Health Ministry data released on Thursday, five completed their initial vaccination scheme out of the 12 patients in ICUs at state hospitals. The average age of the five
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Russia’s Ministry of Foreign Affairs has said for there to be stability in Cyprus, the existing system of guarantor powers must be scrapped, and withdrawal of foreign troops is necessary. The ministry’s position was made as Cyprus’ Foreign Minister Nikos Christodoulides is in Moscow for a working visit at the invitation of Russian Federation counterpart,
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Cyprus tourist arrivals surged 153.7% in the first nine months of this year but are still down by 60% to record pre-COVID 2019 levels, official data shows. According to CyStat, arrivals reached 339,242 in September alone, a 288.4% rise from the same month last year (during which 87,334 arrivals were recorded), but a 35.3% decrease
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We don’t celebrate failure properly. Someone who has failed is someone who has tried, quite unlike those who sit on the sidelines and criticise. Failure has to do with encouraging and celebrating effort rather than outcome, something that is often lost as we tend to focus only on the “winners” in particular industries, sectors, sports.
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Cyprus reported two deaths attributed to Covid-19 on Wednesday, as new infections dropped to 143, but hospitalisations continued to rise to 64. The ministry said in its daily Covid bulletin that the death toll since the pandemic started increased to 566, of whom 14 died in October. Two men, aged 57 and 68, were the latest
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The Turkish Cypriot ruling coalition leader, Ersan Saner, has denied involvement in a ‘sex tape’ making the rounds on social media, claiming he has been set up. Saner’s National Unity Party (UBP) of the tripartite coalition in the north resigned last week, quoting quorum issues within the assembly. He is to stay in office until
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Motorists are queuing up outside petrol stations in the Turkish occupied north, as a fuel crisis is brewing following the collapse of the Turkish lira. Turkish Cypriot media reported long queues of cars outside filling stations after two of the main fuel importers in the north announced on Wednesday; they will be closing their outlets
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