Luxury motor company Ferrari has ascended an impressive 13 spots in the global rankings to claim the prestigious fifth position as the best employer in the world, according to a survey by TradingPlatforms.com. “This remarkable achievement highlights Ferrari’s unwavering dedication to fostering a positive and empowering work environment for its employees,” said the site’s financial
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Some 2,000 US citizens evacuating Israel are expected to arrive on Tuesday at the Limassol port on board a ferry. The US Embassy in Nicosia announced it is working in cooperation with Cyprus to ensure the safe passage of its citizens from the Israel port city of Haifa. US officials confirmed the option for evacuation
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Total assets invested in Cyprus have surged to a record-breaking €2.9 billion, marking a significant milestone and amplifying the sector’s role in fortifying the country’s economic expansion and diversification. The Cyprus Investment Funds Association (CIFA) said this underscores the “substantial contribution” of Investment Funds to economic development, as highlighted by recent data by the Cypriot
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President Nikos Christodoulides has contacted Israeli Prime Minister Benjamin Netanyahu to convey Nicosia’s readiness to contribute in any way to de-escalate the current Middle East crisis. Government spokesman Konstantinos Letymbiotis posted on platform X that the President of the Republic had a telephone conversation with the Israeli Prime Minister on Sunday, during which he condemned the
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Cyprus has the potential to meet 40% of its energy demand through solar power by 2030, Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera said. He told the Cyprus News Agency (CNA) about the importance of interconnectivity of the energy grids of different countries, especially in the Mediterranean, to meet the demand
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With three gold and two silver medals, Cyprus ranks third in The Economist’s economic pentathlon, which has calculated how the 27 EU countries perform on the five major challenges facing them. These challenges are demand/inflation, debt, demography, decarbonisation, and decoupling from the world’s autocracies. The Economist argues that European economies are in for a troubling few years, noting
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As usual, it came without warning, another bitter conflict on Cyprus’ doorstep threatening to spill across the region and destabilise the economy. Hamas gunmen went on the rampage in southern Israel, slaughtering hundreds and firing thousands of missiles. Reeling from the shock, Israel has responded with a severity of force that is relentless and overwhelming
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The situation in Gaza is escalating to unprecedented levels, where under the guise of defeating terrorism or occupation, the week-long war is fast reaching a point of no return, creating a humanitarian crisis of horrendous proportions. But this is a problem that has been boiling for years, with foreign powers seeing little need to help
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Leading shipowners and maritime service providers focused on the future of shipping, clean fuels, new technologies and the well-being of seafarers at the biannual Maritime Cyprus conference. Some 900 delegates and speakers addressed crucial matters after the Covid pandemic and the fallout from the war in Ukraine. Kitack Lim, the outgoing Secretary General of the
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Forex and Fintech companies established in Limassol over the past few decades have no plans of leaving, as they remain highly enthusiastic about the opportunities presented by the vibrant city. Limassol has become a preferred destination for forex (foreign exchange) companies and financial institutions. It has garnered a reputation as a hub for the forex
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