. By Alon Ben-Meir Israeli Prime Minister Netanyahu’s decision to call for an early election, scheduled to take place on April 9, was really nothing short of another political stunt that Netanyahu has masterfully learned to employ when the time is right and he is reasonably assured of another victory. One would think, however, that after
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Turkish Cypriot conscientious objector Halil Karapasaoglu was released from prison on Friday after being sent to prison for not paying a 2000 TL (EUR 360) fine imposed by a military court in the north of Cyprus for refusing to participate in reservist duties. The conscientious objector had refused to serve in the Turkish army as
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The island’s largest lender, Bank of Cyprus announced that it is to close 15 branches as part of a restructuring plan. In statement released on Friday by its director of Consumer Banking Charis Pouangare, the bank states that 15 branches are to merge with other BoC outlets. There were no further details on which branches
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Pittas Dairy industries ceased production as of Friday, despite staff reporting for duty, they were not able to start the day’s production as there was no milk available to work with. According to press reports the company’s assets were frozen as the temporary appointment of the company’s official liquidators, tasked with drawing up a reorganization
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The House Price Index (HPI) in Q3 2018 increased 0.2% reaching 104.19 units compared to Q2, while compared to the same period a year ago the index rose 1.7%. The HPI is a quarterly index which measures the change in the average prices of residential dwellings. It captures all types of residential properties, both new
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Cyprus Post seeks to use unmanned drones to deliver parcels of up to four kilos to recipients, Andreas Gregoriou, Director of the Department of Postal Services told the Cyprus News Agency (CNA). He said the Department is in contact with the University of Cyprus KIOS Research Centre to see what’s possible. “We are at a
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The status of the British Bases in Cyprus is in the balance as a no-deal Brexit looms, but Nicosia said contingency plans are being made for an interim solution to be applied in the worst case scenario. After briefing the Cabinet on Brexit scenarios Thursday, Foreign Minister Nikos Christodoulides, said the future status of the
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After a highly successful year for the home construction industry, real estate specialists see property sales continuing their upward trend reaching ‘normal levels’ for conditions of a healthy market without the risk of a new bubble. Last year saw sales more than double since 2013, the year Cyprus suffered meltdown from the global financial crisis.
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Inflation in Cyprus dropped to 1% in December down from 1.6% the month before, while a year earlier the annual rate was -0.4%, according to Eurostat. Meanwhile, the euro area annual inflation rate was 1.6% in December 2018, down from 1.9% in November. A year earlier, the rate was 1.4%. European Union annual inflation was
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Cyprus annual tourist arrivals spiked 7.8 per cent in 2018 with the total for 2018 reaching 3.93 million smashing its previous record, official figures showed Thursday. In 2018 arrivals of tourists totalled 3.93 million for the year from 3.65 million in 2017 which held the previous annual record of visitors. It was the sixth consecutive
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