The financial services industry in Cyprus saw tremendous growth over the past decade. Although much of its activities were directed outside the country, the industry proved to be a reliable source of growth and prosperity for the island. Economic growth requires all economic actors to put to good use their resources to maximise returns, not
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Cyprus recorded its first week of no deaths attributed to the coronavirus since the pandemic reached the island 15 months ago, with daily new infections and patients hospitalisations stabilising at levels seen during the last few days. The health ministry said in its daily Covid bulletin that the death toll since the pandemic started remained
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Temperatures are expected to rise throughout the week, after Monday saw sudden showers, mainly in the inland, as people enjoyed a warm Kataklysmos public holiday to head to the beaches. Unstable aerial masses in the atmosphere caused sudden rains, mainly south and west of the capital Nicosia, as the weather remained warm, windy and partly
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It is only human nature for most people to believe they are good at what they do. They might not think of themselves as world-beaters, but they would expect an above-average rating. Nobody wakes up in the morning thinking: “Oh damn, I’m a rubbish plumber” or “I’m really bad at being a delivery driver” or
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By Katerina Michael The level of information technology conquered in the 21st century has caused rapid developments in communicating, behaving, working, and living. As with all modern achievements, there is always a risk. With information being the food of new technologies, the need for data protection and security is more necessary than ever. Transition to
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Cyprus reported no deaths attributed to the coronavirus for the sixth day in a row on Sunday, as hospitalisations edged up and new daily cases continued to drop. The Health Ministry said in its daily Covid bulletin that the death toll since the pandemic started remained unchanged at 378 (four were added from April and
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Despite the British government’s travel rethink on lifting travel restrictions for vaccinated tourists, it might come too late as the summer season shortens. Earlier this week, Cyprus’ hopes of salvaging a blighted coronavirus summer were rekindled; UK government officials and Tory MPs campaigned to convince Prime Minister Boris Johnson to allow fully vaccinated Britons to
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Last October, the international broadcaster Al Jazeera released a damning investigative report on how a convicted criminal can obtain a European passport in Cyprus for the right price. The report sent shockwaves across the political spectrum forcing the speaker of the parliament to resign, along with another MP from the opposition AKEL party. It also
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Despite no British tourists arriving at their establishments, Cyprus hotels expect to see many more Cypriot guests during the three-day holiday weekend for the Kataklysmos (Flood) Festival. However, hoteliers are not happy and have asked the government to extend the Ministry of Labour`s subsidy incentive scheme for hotel staff and tourist accommodation which continue to
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It is interesting to record how public beaches are exploited by the various municipalities and other local authorities in Cyprus. ‘Beach facilities’ has so far been restricted to providing umbrellas and sunbeds, with this business worth an annual income of €1 mln per area. In the recent scandal at Paralimni, beach collectors (municipality employees) reported
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