The biggest ever inflow of water in a month was recorded during January this year with the volume entering dams peaking at 103.4 million cubic meters. This beats the previous biggest inflow recorded in 2012 with an inflow of 92.6 million cubic meters of water within a month. Water inflow in Cyprus dams during the
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A gloomy picture emerges for households in Cyprus as they witness a demise in their purchasing power as prices and rents increase while salaries stagnate. While Cyprus Statistical Services data show employee wages stagnating, with a mere 2% increase since 2013, rents have taken off with a 17.8% hike recorded in 2018 compared to five
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25% of enterprises employing 250 persons or more) than medium enterprises (12% employing 50 to 249 persons) or small enterprises (5% employing 10 to
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Four fragments of looted frescoes are to be handed back to the Republic of Cyprus after they were recovered by international NGO Walk of Truth. Transport, Communications and Works Minister Vassiliki Anastasiadou will accept the fragments for repatriation on behalf of Cypriot President Nicos Anastasiades during a ceremony which will take place at the Cyprus
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. If you were a judge and you could get your kids out of a fix by using acquired power and influence would you take advantage of that position to massage a favourable outcome? This is more of a moral question rather than a legal one, but if you believe justice to be blind –
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. A dispute is in progress between the Cyprus Sports Organisation and the Hoteliers Association emanating over the status of hotel gyms. It appears that KOA considers them (the gyms) as forming part of their responsibility and in addition to fees, is demanding the provision of a professional gym instructor during their operational hours. On
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Three state-of-the-art marinas will soon be added to the Cyprus yachting map within the next two years adding value to the island’s tourism product and real estate options. Limassol is currently leading the way with its new marina development, but other coastal areas are playing catch-up to offer high-quality alternatives with around €2 bln in
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AstroBank has completed the agreement for the acquisition of USB Bank PLC banking operations (including the transfer of USB’s personnel, with the exception of certain properties), for a total consideration of €40.2 mln. The transaction was funded from own resources and supported by a capital increase of €54 mln, mainly by AstroBank’s current shareholders. With this
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British shipping firm P&O Ferries has decided to register its entire English Channel operating fleet in Cyprus due to Brexit, a company spokesman told the Cyprus News Agency. The decision follows the initial re-flagging of two of its ships that operate between Dover and Calais, the ‘Pride of Britain’ and the ‘Pride of France’.
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. As wonderful as the news of record rainfall might be, the problems created by the torrent of the last few weeks should have been foreseen and handled better, albeit less tragic than previous years. The gush of water and the mud that it dragged with it created serious problems to the irrigation and supply
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