Despite the summer’s end, Cyprus tourism stakeholders are preparing for late passenger traffic powered by tourists arriving from non-traditional markets. Transport Minister Yiannis Karousos told state radio CyBC that traffic at Cyprus’ Larnaca and Paphos airports in the first weeks of August increased rapidly, reaching 61% of seasonal passenger inflows. “This is most certainly a
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Coronavirus cases dipped to 213 on Saturday from 324 on more tests while hospitalisations were also slightly down, but there was another death. August is headed to become the deadliest month throughout the pandemic, with an 85-year-old man dying due to Covid-19, raising the monthly toll to 74 and 497 during the last 17 months.
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The resurrection of demand in the global economy has driven up crude oil prices, the main component of fuel at petrol stations. But according to an executive director of a fuel distribution group in Cyprus, who asked to remain anonymous, crude is not the only thing that drives prices at the pump. Refinery and shipping
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For those who will be in Cyprus for the next couple of years, many developments are underway to make living on the island feel better. We already have four golf courses (all in Paphos) and four more serious projects pending of which, only two are expected to be completed. Regrettably, the Shacolas Group development at
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Fitch rating agency reaffirmed Cypriot banks’ negative outlook noting the general environment poses threats to their balance sheets. In a report on the Cyprus banks, the agency notes that while they are offloading their toxic non-performing exposure, banks are still sensitive to possible obstacles to the economic recovery and investor sentiment. Fitch said the small
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Mainly because of the rapid development of technology, visually impaired people can now use assistive technologies relatively often. Many individuals with disabilities do not only face everyday problems, but they also encounter barriers to all life activities from education to employment and accessibility, which everyone else considers normal and given. The direct result of this
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August is headed to become the deadliest month throughout the pandemic with six people dying due to Covid-19 on Friday, including three men in their 40s, raising the monthly toll to 73 and to 496 during the last 17 months. The health ministry said in its daily Covid bulletin that all six victims of the
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Cyprus ranked fourth among EU member states when it comes to military expenditure in 2019, after Estonia, Greece and Latvia. According to figures published on Friday by Eurostat, €168.5 bln was spent by European Union members on defence. Cyprus spent €450 mln or 1.8% of its 2019 GDP on defence, while expenditure on defence in
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The Mediterranean island will endure a few more days of extremely hot weather with temperatures above the average 37°C until next week. Cyprus’ Met Office issued another yellow alert for Friday and Saturday for maximum temperatures to exceed 40 degrees Celsius. On Friday and Saturday, temperatures are expected to peak at 41°C, and between 33°C
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Cyprus’ economic sentiment improved in August from July, reflecting stronger activity in services but uncertainty remains, fuelled by the Covid pandemic. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’ Economic Research Centre, rose by three units in August from the previous month to 108.6 units. “The increase in the ESI resulted from
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