Cyprus’ hospitality sector plans to protest against the government’s decision to make owners responsible for checking that customers carry a Safe Pass. Phanos Leventis, of the Leisure and Entertainment Establishment Owners Association,
By Panicos Demetriades Soon after the report on the ‘citizenship by investment’ scheme, fellow economist George Koumoullis convincingly made the case that Cyprus is a kleptocracy – a system of government in
The EU Commission forecast of economic progress for Cyprus shows the recovery of the Cypriot economy with projections of over 4% GDP growth in 2021 in line with Nicosia, the Finance Ministry
Registered unemployed in Cyprus fell by over 4,000, recording an annual drop of 14.3% in June, from 31,158 last year to 26,694, according to the Statistical Service. Unemployed people registered at the
Demetra Kalogerou, the current chairperson of CySEC, is due to leave her post in September after ten years in office. Within months after taking over at the helm of the country’s top
The expected average duration of working life for 15-year-olds in Cyprus is 37.1 years, which is higher than the European Union’s 35.7. The EU’s 2020 average is 0.2 years less than the
Cyprus has long been a popular holiday destination. Many of us have relied on this fact for our financial stability, making money off tourism and foreign investment. Because of the island’s centrality,
The average gross monthly earnings of Cyprus employees during the first quarter of 2021 reached €1,880 compared to €1,945 during Q1 2020, recording a decrease of 3.3%. According to the Statistical Service,
Cyprus Casinos “C2” celebrates three years since the first authorized casino in Limassol opened its doors in the Republic on 28 June 2018. Committed to contributing to the sustainable growth of the
Finance Minister Constantinos Petrides told MPs that Cyprus’ economy would recover and grow if it can avoid further COVID-19 lockdowns. Petrides asked MPs to approve an emergency €148.5 mln budget, the second
