Nearly 15,000 British nationals have applied for residence permits in Cyprus since the 2016 Brexit referendum. Currently a total of 32,281 residence permits for UK citizens are in force, according to figures provided to the Cyprus News Agency by the Civil Registry and Migration Department. Since 1 July 2016, 7,801 UK nationals applied for a
More
Cypriots seeking a late holiday escape to London or Athens must dig deep into their pockets as airfares have shot up due to the island’s flight connectivity being stunted since Thomas Cook folded. Tickets for favourite holiday destinations such as Athens, Thessaloniki and London have increased by 60-70% say the Consumers Association. Travel agents argue
More
Initial estimates Cyprus tourism could lose €188 mln in annual revenue from the 250,000 tourists brought by Thomas Cook have been revised after news the firm’s subsidiaries will continue to operate. Deputy Tourism Minister Savvas Perdios told MPs on Tuesday that according to latest developments Thomas Cook’s Scandinavian subsidiary will survive and continue operations as
More
Cyprus Foreign Minister Nikos Christodoulides bumped into his Turkish counterpart Mevlut Cavusoglu in New York for a prickly encounter with a rare exchange of words, diplomatic smiles but no cordial handshake. The exchange on the Cyprus problem between the two men took place in front of journalists, on the sidelines of the UN General Assembly,
More
Bank of Cyprus will hold the “boc hackathon #fintech 3.0” in Nicosia next month focusing on the development and deployment of ground-breaking financial technologies (Fintech). The event will be held on October 18-20 at the IDEAcy Innovation Centre in Nicosia. BoC said the hackathon will bring together software engineers, analysts and designers, marketing industries, people
More
The outlook for Qatar's banking system remains stable as continued spending on the country's infrastructure projects will drive modest economic growth and support lending, Moody's Investors Service said in a report. "Higher oil prices have improved government finances and supported spending on infrastructure, including preparations for the 2022 FIFA World Cup," said Nitish Bhojnagarwala, VP-Senior
More
Cyprus is feeling the aftershocks caused by the collapse of global travel agent Thomas Cook with hotels once heavily dependent on customers from the company now in financial despair, while airfares soar. Cyprus hoteliers have asked the state and local authorities to lend a helping hand as they find themselves heavily impacted by the demise
More
By Han Tan, Market Analyst at FXTM Asian markets are pushing moderately higher Tuesday after the S&P closed unchanged, as investors are being fed more woeful signs about the global economy. Germany’s September manufacturing PMI fell further into contraction territory, France’s industrial sector recorded scant expansion during the same month, while Japan’s latest manufacturing gauge
More
A Cyprus government initiative to coordinate climate change actions in the Eastern Mediterranean and the Middle East was given to the UN Secretary General Antonio Guterres during the Climate Action Summit. The letter outlining the initiative was also sent to the leaders of 13 states; Egypt, Greece, the United Arab Emirates, Jordan, Iraq, Iran, Israel,
More
Four rescue flights from Cyprus this week have been arranged to transfer some of the 15,000 stranded Thomas Cook passengers back home, according to airports operator Hermes. Due to Thomas Cook ceasing of operations, all of the airline’s flights from Larnaca and Paphos airport to the UK were cancelled from Monday. One flight from Larnaca
More