Cyprus Transport Minister Vassiliki Anastassiadou has presented her Ministry’s strategic plan to resolve the capital’s traffic gridlock which includes better public transport and an orbital motorway. Presenting the Integrated Mobility Plan for Nicosia, Anastassiadou said the Ministry aims to rid the capital of its notorious traffic jams with several projects, some of which are underway.
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Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from shipping advisory and accountants BDO. Yet owners, charterers and managers were more confident than they were at the time of the previous survey in May 2019. The
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. By Angelos Georgiou I’m sure the phrase ‘Cash Is King’ has been around for quite some time, probably since the time financial institutions gave you a satisfactory interest on your savings. I remember a few years back, being in the United States talking to a banker about savings in financial institutions and asking him
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Last year, Cyprus had the EU's highest deficit to GDP ratio (4.4%) while its government debt ratio (100.6%) was the fourth biggest, according to newly updated Eurostat figures. Only two Member States had deficits equal to or higher than 3% of GDP: Romania (-3.0%) and Cyprus (-4.4%). Cyprus was burdened by ensuring the state-run Co-op
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Daylight-saving time ends on Sunday, October 27, at 4am, Cyprus authorities announced reminding the public that the clocks go back one hour as winter officially starts. The move applies to all countries of the European Union. This is one of the last times time the clocks will change as daylight-saving time will be abolished as
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Not only does Cyprus lack a strong incentive scheme for promoting the use of electric vehicles to reduce CO2 emissions, it would appear that it actually prohibits their use. A forgotten law, according to daily Phileleftheros, prohibits the use of electric vehicles on highways, giving police the right to confiscate the cars of offending drivers.
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By Hussein Sayed, Chief Market Strategist at FXTM Traders around the world were eagerly anticipating the opening of forex markets Monday morning and Sterling, following Saturday’s House of Commons (non-) vote on the Brexit deal. The initial reaction to delaying the vote on the withdrawal agreement dragged the Pound slightly lower to around 1.29 early
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The Cyprus Foundation of the Sea held its inaugural meeting at Limassol Town Hall on Tuesday, October 15, tasked by all participating stakeholders to develop the ‘blue economy’ growth in all sectors of the maritime cluster. The first board of directors was elected at the inaugural meeting, consisting of leading personalities from all sectors and
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. We cannot stop wondering if, as a country, we have our head placed correctly on our shoulders. Being isolated islanders, with more than our fair share of attention (be it good or bad) and having been spoilt with money, we do not feel that our thinking, as a country, is rational, based on the
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. Governments don’t normally get things right, they are cumbersome, inefficient and secretive when they want to be, therefore we shouldn’t expect too much by the way of explanation. Transparency is the widely abused mantra of European democracies where we can, presumably, follow the paper trail and see why a decision was made and under
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