There will be an increase of over 300,000 seats (or 9%) in this winter’s flight schedule compared to the 2018-2019 season, Cyprus airports operator, Hermes Airports announced. The news comes after the collapse of British tour operator Thomas Cook which had a 5% share of the Cyprus tourism market. The winter flight season commences on
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By Hussein Sayed, Chief Market Strategist at FXTM Markets in Asia were slightly higher Thursday morning as the S&P 500 managed to close back above the 3,000 psychological level on Wednesday. The commonly followed equity index is less than 1% away from its record high despite disappointing earnings from the likes of Caterpillar and Texas
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By Han Tan, Market Analyst at FXTM Asian stocks are mostly lower Wednesday after US equities posted declines, as Brexit risks took hold of market sentiment in the absence of other major catalysts. With investors keeping risk appetite in check, most Asian currencies are weaker against the US Dollar, but are gaining versus the Pound.
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Cyprus said on Wednesday it will investigate recent reports that family members and allies of Cambodia’s long-time Prime Minister Hun Sen had obtained Cypriot EU passports under a citizenship-for-investment scheme. “There will be an investigation into cases of naturalisation, that have appeared in publication, if anything untoward is found decisions will be taken, including revocation
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Some 8 million part-time workers in the EU would prefer to work more, including 52% of part-time staff in Cyprus feeling underemployed. Cyprus was only behind Greece (70%) in the proportion of people who wanted to work more hours, the majority being women. According to data released by Eurostat, among the population aged 15 to
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Cyprus Finance Minister Harris Georgiades warned the three outstanding issues that must be dealt with are elimination of non-performing loans, a pending court decision on civil service salary cuts and the sustainability of the national health service. “We must handle responsibly some important outstanding issues, such as ridding the banking sector of non-performing loans for
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UN envoy Jane Holl Lute will visit Cyprus in November to prepare the groundwork for a meeting of UN Secretary General Antonio Guterres with Cypriot leaders expected to take place at the end of next month. Cyprus President Nicos Anastasiades and the Turkish Cypriot leader Mustafa Akinci are expected to meet the UN chief somewhere
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Cyprus MPs are to vote on a legal framework regulating the licensing of short-term rentals through online Airbnb-type platforms, bringing an end to unlicensed accommodations being rented out to tourists. The draft is expected to be approved at a House plenary sometime in December said EDEK MP Elias Myrianthous who tabled the proposal with ruling
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Outgoing European Commission President Jean-Claude Juncker said he lists the inability to solve the Cyprus issue among the key moments of disappointment during his five-year tenure. Presenting his end-of-term assessment before the European Parliament plenary, in Strasbourg, Juncker said: “We did not succeed to further the issues of the reunification of Cyprus. We lost time
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The Crete-Attica interconnection project, a section of the subsea electricity link that was taken away from the Cyprus developer and handed to a Chinese-controlled entity, has already fallen behind schedule. Manos Manousakis, chairman of the Greek transmission system operator, ADMIE, in which China’s State Grid Corp has a 24% stake, told the Athens Investment Forum
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