Nearly 60% of the women who are victims of violence in Cyprus do not report the incident to anyone, the first study of its kind on violence against women in the family has shown. The study was undertaken on behalf of the Advisory Committee on the Prevention and Combating of Violence in the Family. On
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Cypriots are exhibiting an ever-increasing preference for online shopping as parcels arriving from abroad are at an all time high. Parcels arriving from abroad during 2017 reached to 1.4 million, up 27% from the 1.1 million in the previous year. According to data released by the Office of Electronic Communications & Postal Regulations (OCECPR), incoming
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By Hussein Sayed, Chief Market Strategist at FXTM Two months ago, U.S. equity investors cheered a new all-time high on the S&P 500. Stocks advancing to new record numbers started looking as a normal theme given the strength in the U.S. economy, low unemployment, robust earnings, and of course Trump’s fiscal reforms. Suddenly, the euphoria
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Retailers at Cyprus’ new super mall are more than pleased by the turnout since opening on 21 November, with an estimated 15% of the island’s 1.2 million population paying a visit. According to the Nicosia Mall’s estimations, made with the use of a specialised system which avoids counting the same individual twice, some 34,000 visitors
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Cyprus FM Nikos Christodoulides has signed bilateral agreements in Kuwait, during an official visit to promote business and closer regional cooperation. During his contacts the Minister also discussed ways of further enhancement of the bilateral relations. Christodoulides met Deputy Prime Minister and Minister of Foreign Affairs, Sabah Khaled Al-Hamad Al-Sabah, they signed an agreement on
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As Cyprus banks looking for ways to further reduce their NPL portfolios, the ESTIA scheme for mortgage defaulters seems to be offering them an express ticket out of the toxic loans crisis. The government scheme aimed to help distressed borrowers from losing their home is seen by analysts and institutions as essential for the future
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. We followed the last Troika and IMF visit to Cyprus regarding the state of the tourist industry and other matters. Those involved directly with the industry, i.e. Hoteliers, C.T.O. and others, say that they cannot reduce costs since electricity and staff cost is more than three times of our competitors such as Egypt, Turkey
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The agreement reached on Sunday on the coordinated withdrawal of the UK from the EU is not a reason to cheer, as an important Member State is leaving the bloc, Cyprus government spokesman Prodromos Prodromou said on the sidelines of the Brexit Summit. Referring to Cyprus, he said that Nicosia is pleased that the Protocol
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. The probe into the collapse of the Cyprus Co-operative Bank culminated with a marathon nine-hour testimony and cross-examination this week of Finance Minister Harris Georgiades, popularly blamed as being the sole instigator of the crime, either by his own decisions or through his appointment of the bank’s management. Despite the clear tension between the
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DBRS Ratings Limited has given the Cyprus sovereign a double rating upgrade, pushing it up to investment grade, driven by the banks’ effective downscaling of non-performing loans, the ‘orderly’ liquidation of the Co-operative bank and solid performance of the island’s economy. The Canadian rating agency announced late Friday that it upgraded the Republic of Cyprus’s
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