Ankara and Turkish Cypriot politicians have condemned Cyprus’ decision to ban a schoolbook for praising modern Turkey’s founder Mustafa Kemal Ataturk. The Education Ministry withdrew the English language book “until a solution is found” after an earlier instruction telling teachers to “tear out page 36 before handing it to the students”. Officials in the Turkish
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Stock Markets appear to have wiped out losses resulting from a challenging year marred by the economic effects of the coronavirus pandemic, with record gains alongside significant drops in certain sectors. According to data compiled by the financial platform Finbold, all stock sectors’ one-year relative performance as of September 7 have generated a positive return on
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With schools in full swing, the Health Ministry announced it would be operating seven vaccination centres islandwide on Saturdays to better cater to children and students. Anyone wanting to get a COVID-19 shot, including students who can’t skip school to get a jab, can book an appointment on Saturday through the online vaccination portal or
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The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite progress made, speakers told the Association of Cyprus Banks AGM. Finance Minister Constantinos Petrides said although the pandemic isn’t over yet, the progress of the Cypriot banking sector is already remarkable and steadily moving towards sustainability.
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By Hussein Sayed, Chief Market Strategist at Exinity Group Following 54 record highs for the S&P 500 in 2021, momentum in equity markets has cooled slightly this week. The slowdown in the economic recovery, rising Covid-19 cases and the high probability of central banks tightening monetary policies are all factors going against a market which
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In the following months, the government will announce a new scheme for attracting high-tech companies, facilitating staff hiring, offering tax incentives and expedited licensing procedures, President Nicos Anastasiades said. At Wednesday’s 9th Annual Cyprus International Investment Awards, he said this scheme complements other initiatives undertaken recently. These include introducing an employment route for skilled third-country
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International credit rating agency DBRS Morning Star projects the Cypriot economy’s growth rate will be at 4.3% GDP this year and recede slightly to 4.1% in 2022. The projections are included in a commentary on the baseline macroeconomic scenarios for rated sovereigns published on Wednesday. The credit rating agency’s basis scenario for Cyprus is around
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Cyprus reported five coronavirus deaths on Wednesday, three more than the day before, as well as a small drop in hospitalisations to 131 and new cases to 182, which helped lower the national infection rate to 0.37%. The health ministry said in its daily Covid bulletin that four women, aged 72 to 95, and a
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On Wednesday, Cyprus’ Education Ministry removed an English language workbook from the school curriculum for “inappropriately” lauding Turkey’s founder Mustafa Kemal Ataturk. The ministry’s decision to withdraw the book “until a solution is found” comes after an earlier instruction telling teachers to “tear out page 36 before handing it to the students”. The Oxford Discover
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A red-faced Paphos Municipality triggered a public outcry when painting historic neoclassical buildings in the centre of town a dirty grey colour as part of their maintenance, instead of the original beige. The general outrage forced Paphos mayor Phedon Phedonos to halt painting the well preserved ‘Lyceum A’ school, which is situated in the town
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