Vehicle registrations for the first eight months to August declined by 7.7% year on year interrupting a five years of annual growth in sales during that same period. According to official data published on Monday, total vehicle registrations in January -August 2019 reached 31,336 down from 33,947 in the same period last year. Saloon cars
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Bishop of Morphou Neophytos did not commit a criminal offence with his anti-gay comments that caused public outrage, the attorney-general has ruled. Cyprus Attorney General Costas Clerides agreed with police findings that the bishop did not commit an offence under the hate speech law in his controversial comments on homosexuals and how they are 'created'.
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Cyprus has warned it will not support borrowers who can pay off their loans by including them in the state-funded ESTIA scheme set up to bailout homeowners with toxic mortgages. Finance Minister Harris Georgiades told the House Finance Committee that the European Commission has not given the go ahead to give handouts to borrowers who
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Space technology is a unique way to promote blue growth in Cyprus said Transport Minister Vasiliki Anastassiadou addressing the International Space Forum in Italy. Blue economy sectors in Cyprus employ over 20,000 people who produce approximately €623 mln, representing 3.2% of the national economy and 5.4% of jobs, while coastal tourism represents 74% of blue
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Cyprus has requested more funds from the next multiannual budget for 2021-2027 in a bid to face challenges stemming from its small territory and its status as an island-state on the EU’s periphery. This was the message conveyed by Foreign Minister Nikos Christodoulides to visiting European Commissioner for Budget and Human Resources, Günther Oettinger, in
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By Hussein Sayed, Chief Market Strategist at FXTM Risk assets received a boost last week, while safe havens gave up some gains after the United States and China agreed to return to the negotiating table in early October. The reaction we’ve seen in markets shows how desperate investors are for any positive signs related to
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Buying a drink in Cyprus will cost you more on average than over half of the other 28 member states, although the price of alcoholic drinks vary wildly from one EU country to another. Prices across the EU were more than twice as high in the most expensive Member State Finland than in the cheapest
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Cyprus is considering updating its tonnage tax system and its pricing policy for the registration of ships as part of targeted measures to enhance the competitiveness of the shipping industry. Addressing a ceremony for the 25th anniversary of Fleet Management Ltd, President Nicos Anastasiades said that enhancing the strategic advantages of the Cyprus maritime cluster
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. The upgrading of the hotel industry over recent years is noticeable, both in terms of buildings, as well as the quality of food and service. You must have noticed the young, mainly foreign waiters, as well as some imaginative chefs who have made eating out more enjoyable. The older “traditional” generation is gradually fading
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Cyprus’ attempt to become a destination for world-class cinema has kicked-off with two productions with a Hollywood influence, but the island has to heavily invest if it wants to see its film industry grow. Oscar-winner Nicolas Cage and fellow star William Baldwin have sprinkled some Hollywood stardust on Cyprus with their respective films Jiu Jitsu
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