A recent influx of arrivals of British tourists has breathed new life into coronavirus stricken Paphos tourism, as hoteliers say October will be the best month for the past two years. Paphos hotels say the late arrival of British tourists has boosted morale, as occupancy rates are expected to reach their highest in 2021. In
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Cyprus House Speaker Annita Demetriou has sent a message of condolence and support to the UK parliament after the tragic killing of MP Sir David Amess. In her message, Demetriou said the “brutal assassination of Sir David Amess was a heinous act and a blow against democratic principles and values, which he served with devotion
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A slowdown in the residential Cyprus property price indices has been recorded in the second quarter of 2021 due to a small decrease in house prices and an increase in apartment values. According to the Residential Property Price Index (RPPI) report for Q2 published by the Cyprus Central Bank, a quarterly increase of 0.3% was
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were up Tuesday morning, drawing strength from the tech-driven Wall Street rally overnight. It seems like solid corporate earnings have soothed concerns around inflationary pressures, with the improving risk sentiment elevating equity markets. European markets opened marginally higher, with US futures looking healthy. The Dollar
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Despite Italy making its way back to Cyprus’ safest green category under the latest COVID travel risk assessment, just two EU states remain in the category as Poland exits. Poland’s downgrade from green to orange leaves the island with only two EU members in the safest category, as only Malta and Italy are green. Health
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Foreign Ministers want an options paper drafted outlining possible ways for Brussels to respond to Turkey if it does not back down over opening up Varosha, said the EU’s top diplomat Josep Borrell. Borrell recalled that during the summer, in a statement on behalf of the member states, he had announced that if Turkey’s negative
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The Eastern Mediterranean region can be transformed into a zone of stability, but Turkey is upsetting the balance of power in the region, said Cyprus Defence Minister Charalambos Petrides. He was addressing the opening ceremony for the 4th Regional Strategic Leadership Programme in Nicosia. In his remarks, Petrides said the region has been at the
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Cyprus reported two coronavirus deaths on Monday, as new cases rose again to 166 having dipped below 100 the previous day, while hospitalisation rates increased slightly to 57. Two men, aged 56 and 75, were the latest victims of the virus, raising the death toll since the pandemic started to 564, and October deaths to 12.
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The government is examining the possibility of introducing price caps on essential items to stem inflationary trends pushing the cost of living skywards. During the 2022 state budget debate, Finance Minister Constantinos Petrides said Cyprus is among a handful of countries that alleviate price pressures on consumers by paying the cost-of-living allowance, compensation to farmers,
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Turkey’s lira started the week at an all-time low against the dollar and the euro, with uncertainty looming over further interest rate cuts, as President Recep Tayyip Erdogan dismisses three central bank policymakers. The lira, which has weakened more than 19% this year, hit an all-time low of 10.7235 against the euro while touching on
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