Cyprus is second only to Malta in the EU when it comes to total household expenditure on restaurants and hotels. But Cyprus comes top when spending only on hotel and other accommodation services with 8.8% of total household expenditure. In 2017, households in the European Union (EU) spent 8.8% of their total consumption expenditure on
More
Cypriot firms are moderately optimistic about their business prospects over the coming year, according to the Pan-European Economic Survey of European Chambers of Commerce. The survey involved over 45,000 businesses in 26 EU countries. Findings for the survey in Cyprus, conducted by the Cyprus Chamber of Commerce and Industry (CCCI) showed increased but moderate optimism
More
. Here's an overview of the main trends in the Cyprus property market over the next 12 months following on from 2018. Increasing demand for Grade A office space Nicosia, being the capital and financial centre of Cyprus, is home to the public sector and most of the large businesses operating on the island. Traditionally,
More
Nicosia expects the UN peacekeeping force in Cyprus (UNFICYP) mandate will be renewed later this month by the UN Security Council, government spokesman Prodromos Prodromou said. It would be “an absolute paradox” if the situation regarding UNFICYP changed, as efforts for the resumption of Cyprus talks is underway by the UN Secretary-General Antonio Guterres, through
More
It may have come as some surprise to many Cypriots to hear that Cyprus has the most cops per capita than anywhere else in Europe. Cyprus has the highest number of police officers in the EU with 573 per 100,000 people, according to Eurostat. On average, there were 318 police officers per 100,000 people in
More
Increases in social insurance contributions applied to the premium paid by employers and employees as of January was met with mixed reactions from the social partners who argue over their impact. Both sides feel that the increase designed to save the Social Insurance Fund (SIF) will not lead to pensioners receiving adequate allowances and will
More
. We often wonder whether we appreciate how lucky we are to have been born and to live in Cyprus. Examining what is happening worldwide from civil strife, wars, earthquakes, poverty, floods etc, all over, even in rich-western countries, we have to thank God for providing us with a paradise on earth – Cyprus Weather
More
. The usual wait-and-see attitude of state officials, hoping that matters will resolve themselves, remains beyond comprehension, and raises valid questions about our ability to be prepared for and deal with any outcome related to Brexit. There are three outcomes for which no one seems to have the right response to (or at least a
More
In a move to counter rising rents and homelessness, the government is drafting a new housing policy to persuade the construction sector to build cheaper flats. Part of the state’s new housing policy is a scheme dubbed “affordable housing” which sees the government offering incentives to developers in return for cost-price homes for vulnerable families.
More
A Turkish Cypriot conscientious objector and peace activist, Halil Karapasaoglu refuses to pay a fine of 2000 TL (EUR 360) by a military court in the north and given 10 days to pay or spend three weeks in prison. The conscientious objector had refused to serve in the Turkish army as a reservist from 2014-2017.
More