Cyprus is planning to bring the country closer to meeting its 2020 EU environmental targets by encouraging more people to drive electric cars. Reportedly, the government is preparing a set of incentive schemes for consumers to replace old vehicles with newer, cleaner cars, in an effort to clamp down on emissions in transport. Brussels is
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Beautiful mosaics decorating the floor of an early Christian basilica at Ayia Triada, in Cyprus’ Karpas peninsula and Ayios Philon Byzantine church were restored after decades of neglect, as a result of Greek and Turkish Cypriot cooperation. Stabilization and conservation works at the two sites, carried out by archeologists and conservationists from both communities, were
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By Hussein Sayed, Chief Market Strategist at FXTM Investors are having a difficult time assessing the current economic and financial environment, hence making it hard to manage their portfolios. While risk appetite was supported by central bank easing, particularly from the European Central Bank and the Federal Reserve, two major factors that remained unresolved are
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. Impact of the wake-up call by the drone attack on the Saudi gas-oil separation plant (GOSP) of Abqaiq should reverberate into discussions of the East Med partners. Until now discussions between Greece, Cyprus, Egypt and Israel, have always been largely focused on regional strategy for the exploration, production and export of their offshore natural
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Thousands of holidaymakers were left stranded in Cyprus as the world’s oldest travel firm Thomas Cook collapsed on Monday with the UK government scrambling to fly them home. The collapse of the UK travel firm, which ran hotels, resorts and airlines carrying a reportedly 19 million people a year to 16 countries, is set to
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By Kyriacos Kiliaris Residents from villages near a gold refinery plant operating in an old mine 50 km west of Nicosia are concerned about chemicals used, which they fear could be harmful to their health. But Hellenic Copper Mines, operator of the century-old mine that in the past was the island’s biggest exporter and employer,
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. Climate change is something to worry about with the growing realisation that the planet is choking to death highlighted by the climate strike action across the globe. Global warming caused by heat-trapping greenhouse gases from burning fossil fuels melts glaciers, triggers rising sea levels and extreme weather with animals facing extinction as they lose
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. The embassy of any country abroad is the mirror of that country back home. In the business world, embassies should promote the business interests of the country that it is representing, keeping an eye on opportunities that the host country may offer. It should then be up to the local (Cypriot) firms and those
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While Kyrenia locals have been raising the alarm over environmental destruction caused by overpopulation of the historic town, its Turkish Cypriot mayor has thrown up his arms in desperation. Nidai Gungordu, leader of Kyrenia council, said he is in despair as the local authorities cannot do much to combat environmental problems as the town has
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Rating agency Moody’s changed its Cyprus economy outlook to positive from stable, citing reduction of sovereign exposure to event risks stemming from the banking sector and improving fiscal strength beating previous expectations. However, Moody’s affirmed Cyprus’ long-term rating to Ba2, two notches below investment-grade, and remains the only rating agency to maintain Cyprus` rating to
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