High gas storage and steady liquid natural gas (LNG) imports will secure the coming winter’s gas supply in Europe, predicts a Moody’s analysis. It said: “Our base case is that gas supply will meet demand over the 2023-24 winter. “The economic and fiscal impact remains much less severe than we initially feared in 2022, easing
More
In Cyprus, 700 cardiac arrests are recorded yearly, and the survival rate does not exceed 10 people per year, less than 2%, the Health Ministry said for World “Restart a Heart” Day to raise public awareness. In Europe, 400,000 cases of sudden cardiac arrest are recorded, with the survival rate remaining very low, below 10%.
More
By Craig Erlam Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed perhaps by some promising Fed commentary on Monday. It would appear the recent surge in bond yields hasn’t gone unnoticed at the U.S. central bank, to the extent that Federal Reserve officials are coming across as less
More
Cyprus airports witnessed bumper traffic flows for September, as passenger numbers exceeded one million for the fifth consecutive month. According to data issued by the Cyprus Statistical Services, in September, passengers that went through the island’s two airports were 1.3 million, compared to 1.1 million in September 2022, marking an 18.9% increase. Compared to the
More
Total motor vehicle registrations rose 35% in September to 4,607 from 3,412 last year, while passenger saloon car sales increased 35.9% to 3,722 from 2,738, Statistical Service data shows. During the nine months of January-September, the total of registered vehicles increased by 29.0% to 34,280, compared to 26,581 during the same period in 2022. The
More
The Foreign Ministry said Tuesday that Cyprus has activated its humanitarian rescue mechanism to provide a safe transfer hub for foreign nationals evacuated from Israel after the shock attack by Hamas militants and the ensuing war. A ministry statement said, “In view of the current security situation in Israel following the extensive terrorist attacks”, Foreign
More
Oil prices surged by 5% following Hamas’ unexpected attack on Israel over the weekend, but investors need to avoid knee-jerk reactions, warned the CEO of a leading independent financial advisory and fintech. The warning from Nigel Green of deVere Group came as investors digest the news that the Palestinian Islamist group Hamas on Saturday launched
More
The island is considered the largest ship management centre in Europe and one of the biggest in the world, President Nikos Christodoulides told the Maritime Cyprus 2023 Conference in Limassol. In his opening address, the President said that his presence underlines the importance the government attaches to shipping and the blue economy as a main driver of economic
More
State hospitals enjoy the trust of Cypriot patients as they rate healthcare services with an overall rating of 8.8 out of 10, announced the Health Insurance Organisation. To continue improving the quality of services provided, the HIO has conducted a survey on in-hospital healthcare services provided to beneficiaries of the General Health System (GHS). Beneficiaries
More
UNFICYP announced that an understanding has been reached on arrangements to resolve the Pyla road dispute with Turkish Cypriot authorities. “An understanding has been reached on arrangements that will resolve the ongoing situation on the Pyla/Pile plateau,” a statement from UN Chief of Mission Colin Stewart said. He said a “few modalities are still being
More
