. With the energy sector developing at a rapid pace, Cyprus needs to have a dedicated coordinator or ‘Energy Commissioner’, preferably a technocrat with a wide knowledge of all energy matters, who would advise the competent Energy Minister on everything from daily oil and gas prices to work permits for industry workers. In other words,
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Introducing the General Healthcare System (GHS), the biggest shake-up in the history of Cyprus health, is heading for a crash as doctors and nurses refuse to join the new scheme. Health worker unions and doctors’ associations have told their members not to sign contracts offered to them by the State Health Services Organisation OKYPY, expressing
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Non-performing exposures (NPEs) in the Cyprus banking system dropped 33.7% to €11.02 bln in September 2018 marking a €5.61 bln plunge since June when Hellenic Bank acquired the good assets of state-owned Co-op Bank. According to Central Bank of Cyprus data, total NPEs fell from €16.6 bln in June to €11.02 bln marking their lowest
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The Cyprus problem must be upgraded to a European issue, EPP candidate for EU Commission President and EPP Group leader in the European Parliament, Manfred Weber said. After talks with Cyprus President Nicos Anastasiades in Nicosia Weber said: “We agree first of all that the Cyprus question is a European issue… that is the main
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Cyprus in 2017 spent €109 mln on Research & Development, increasing its R&D intensity to 0.56% of GDP (from 0.4% in 2007), giving it the fourth lowest score in the EU. In 2017, EU countries spent almost €320 bln on (R&D), according to Eurostat. The business enterprise sector continues to be the main sector in
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For a second year running, Cyprus is ranked first among member states for absorption of the EU Regional Development Fund in 2018 and sixth concerning its take-up capacity from all EU funds. According to EU data, Cyprus achieved an absorption rate of 46%, followed by Finland with 36% and Luxemburg with 35%. A Finance Ministry
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Energy Minister George Lakkotrypis is in Abu Dhabi to take part in the 9th General Meeting of the International Renewable Energy Sources Organisation (IRENA). He will also participate in the Global Energy Forum of Atlantic Council think tank on January 11 on the sidelines of which he is scheduled to meet Assistant Secretary for the
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Cyprus is categorized as a “flawed democracy” by the Economist Intelligence Unit, rating it 35 out of 167 countries included in its Democracy Index issued for 2018. Scoring 7.59 out of 10, the same as last year Cyprus failed to move into the top group of democratic countries. The list includes 20 "complete democracies”, 55
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EuroAsia Interconnector Limited, the project promoter of the Israel-Cyprus-Greece electric cable, is selecting the manufacturers for the construction of Stage 1 of the multi-terminal VSC-HVDC scheme. The company has issued tender documents for three cable links and one for converter stations in each country. An announcement issued by the project promoter said: “The project has
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Motor vehicle registrations in Cyprus rose 13.3% in 2018 for the fifth consecutive year since 2014 with sales at a decade high. According to official data, total new registrations of motor vehicles reached 49,450 in 2018 from 43,640 the year before, reaching their highest point for 10 years. Sales of passenger saloon cars increased 12.8%
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