As the first autistic residents settled into their new homes, the NGO Voice for Autism held an official opening at the two group homes in Lakatamia, Nicosia. The event was under the auspices of Deputy Social Welfare Minister Marilena Evangelou and hosted by the residents themselves, who helped with food and drinks and provided musical
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The Committee of Ethics and Safeguarding in Sport (CESS) has recommended that criminal proceedings be brought against Cyprus Football Association (CFA) president George Koumas for abusing his position. The committee’s recommendations, along with the findings of a probe it commissioned will be sent to the attorney general. CESS has adopted the conclusions of the investigators
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Finance Minister Makis Keravnos submitted the 2024 state budget, the first of the Nikos Christodoulides administration, to House Speaker Annita Demetriou on Wednesday. Keravnos presented the budget to the House Speaker before the House Finance Committee discussed it for approval before being voted on towards the end of the year. The House Finance Committee will
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The seasonally-adjusted unemployment rate in Cyprus stayed at 6.6% in August compared to July, and slightly lower than a year ago when it was 6.8%, according to Eurostat. In the eurozone, the unemployment rate was 6.4%, down from 6.5% in July and 6.7% in August 2022. The EU unemployment rate was 5.9% in August, down from
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Visiting European Central Bank (ECB), Vice-President Luis de Guindos commended Cyprus’ remarkable economic improvement and the recent upgrade of its economy by two rating agencies. After meeting with Cyprus Central Bank Governor Constantinos Herodotou in Nicosia, the two officials highlighted the strengthening collaboration between Cyprus and the ECB. Herodotou expressed his gratitude for de Guindos’
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The government will be lifting hefty fines for running a red light, as authorities acknowledge that a €300 fine does not fit the crime during a cost-of-living squeeze. The decision was taken at the Road Safety Council, attended by Transport Minister Alexis Vafeades and Justice Minister Anna Procopiou. According to Phileleftheros daily, the two ministers
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In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according to Eurostat. Compared with the second quarter of 2022, house prices in the EU decreased by -1.1%, while rents increased by 3.0%. During
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Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the resilience of the economy and credit conditions favouring Cypriot banks. Last Friday, Moody’s upgraded Cyprus’ long-term credit rating by two notches to Baa2 from Ba1, leading the island’s rating to the investment-grade category. The agency
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Investors looking to build wealth will probably overlook the World Bank’s gloomy reports about China and east Asia facing the worst economic outlook in half a century, according to the CEO of a leading independent financial advisory and fintech. “Despite the World Bank’s gloomy outlook on China’s and east Asia’s growth and the challenges posed by
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The people of Limassol are being asked to redefine the city and its culture for the next ten years to secure the title of European Capital of Culture for 2030. At a press conference, the Mayor of Limassol, Nicos Nicolaides, expressed his conviction that Limassol, as a city of culture, “has all the guarantees to
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