Europe’s largest integrated casino resort (ICR) is on track to open in Limassol in late 2021 but the cost will exceed the initial budget of €550 mln to around €600 mln, Melco said. The Cyprus casino complex has secured all the necessary planning and building permits, while every foundation pile has been completed for the
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A draft bill to regulate blockchain technology in Cyprus should be ready before the end of the year, as part of Cyprus’ national strategy for blockchain, Finance Minister Harris Georgiades said on Thursday. Georgiades said Cyprus is one of the first countries to develop a comprehensive strategy to regulate and exploit blockchain technology, which he
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Brussels has reassured Cyprus the European Commission will do what needs to be done in the form of concrete action against Turkey`s continued illegal drilling activities in Cypriot waters. European Commission Vice President Maros Sefcovic in his speech on behalf of President Juncker stated the following: "Firstly, I want to reaffirm our full support for
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Cyprus hoteliers are counting their losses as the first half of the year comes to a close with bookings in decline and unlikely to recover. Although the decline varies from town to town, hoteliers have seen an average of a 10% drop in their bookings during the first six months of the year compared to
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Cyprus Justice Minster George Savvides lent his support to British bases (SBA) police’s anti-drugs charity concert at the Curium Amphitheatre which raised more than €30,000. It took place under the auspices of the First Lady, Andri Anastasiades and was also attended by Bases officials, including Commander British Forces Cyprus and SBA Administrator, Major General James
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Cyprus is at the lower end of the EU scale when it comes to the employment rate for tertiary education graduates aged 20-34. In 2018, for graduates aged 20-34 in the EU who had attained a tertiary level education within the previous three years, the employment rate stood at 85.5% in Cyprus the rate was
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In just over a year since the Melco-backed Cyprus Casinos started operating on the island they are expecting to register one-million-customer-benchmark next month. Craig Ballantyne, the Property President of Cyprus Casinos (C2) said, “we have recorded more than 880,000 visits from various countries and expect to reach one million in early August”. He was speaking
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The number of Cyprus registered unemployed at District Labour Offices, decreased by 20.4% or 4,848 in June 2019 compared to a year ago, according to official data. Registered unemployed in June reached 18,960 from 23,808 in 2018. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for
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Swiss International Air Lines (SWISS), which is part of the Lufthansa Group, has launched flights from Geneva, Switzerland to Larnaca, Cyprus. The route was inaugurated on July 3 and will be operated on a weekly basis every Wednesday; Additionally, during September and October, the route will operate every Saturday. The launch of SWISS’ flights to
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Unlike most of Europe top of the household expenditure list in Cyprus is spending money on restaurants and hotels (17.5%) with housing and energy bills (15.4%) coming second. Household expenditure was mostly devoted to "housing" in all Member States except Estonia, Lithuania and Romania, where "food" was most important, and Cyprus and Malta (20.2%) where
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