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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. Education takes up a good part of our lives, while what we do with it usually influences what we do with the next big chunk of our future. It is not an exact science, somethings we are good at, others not so much, we either stumble our way to the next step or we
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Developers of big projects try to avoid financing from Cyprus banks which have tightened their purse strings, preferring to back schemes with their cash or from investors and presales. This trend seems to be confirmed by a sharp drop in new loans over EUR 1 mln, which are primarily given to large building projects. The
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. Whenever a political party starts grumbling about the lack of meritocracy and transparency in public appointments, uncontrolled spending and activities of state officials, it would be refreshing if one of these politicians admitted they had sought favours (let’s not mention the key phrase “coverup”), simply to appease public opinion. Usually, it’s opposition parties accusing
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Students are left alone and in the dark to decide on their future careers without receiving the proper advice from schools and universities. Six months before the end of their final year at school, students are given forms to fill in with their preferences as to what they would like to study and subsequently their
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