No relief for motorists is in sight from hiking petrol prices, as the government is contemplating new fuel taxes as part of a green taxation reform imposed by the European Union. The ‘green taxation’, as the reform has been dubbed, is an obligation for Cyprus and other EU member states. Quoting sources from the Finance
More
Greek Cypriot crossings to the Turkish-occupied north have increased more than 20% in the first six months of 2023, reaching the highest level ever. According to Turkish Cypriot media, a record number of Greek Cypriots crossing at the checkpoints to the north has eclipsed the number of arrivals at the Ercan (Tymbou) airport in importance.
More
Revenue from tourism recorded an increase of 26.9% for the first seven months to July, compared to the same period in 2022, according to official data. Tourism income up to July is estimated at €1.54 bln from the €1.21 bln generated in the same period last year. Tourist spending has increased every month of this year compared
More
The highly anticipated trial of Sam Bankman-Fried, the founder of FTX, kicks off Tuesday in New York, in what is seen as a golden opportunity to bolster trust, boost adoption, and purge the sector of unscrupulous actors, according to a leading cryptocurrency advocate. The trial of Sam Bankman-Fried, commonly known as SBF, starts in Manhattan
More
During a very difficult time for Armenia, a delegation from the House of Representatives is visiting Yerevan to express the support and solidarity of Cyprus, officials said. “Cyprus has a similar history. “It has undergone similar trials; we know what displacement means. “What we have all witnessed, the ethnic cleansing of the Armenian population from
More
By Craig Erlam The Australian dollar softened Tuesday after the RBA opted to leave the Cash Rate at 4.1%, but warned some further tightening may be required. The decision and statement – the first under new Governor Michele Bullock – was largely in line with what we’ve heard before and was a long way from
More
Cyprus is experiencing heavy rainfall on Tuesday after the Met Office issued a yellow warning for extreme weather conditions. The warning came into effect at 10 am Tuesday, valid until 6 pm, warning of isolated thunderstorms and hail expected to impact various regions throughout the day. According to the warning, isolated storms are anticipated to
More
Greek Akrivos Tsolakis, the head of the Helios airline crash investigation in 2005, died at 93 on Monday night. The crash of Cypriot airline Helios Airways Flight 522 claimed the lives of 121 passengers and crew 18 years ago, on 14 August 2005. Born in 1930 in Thessaloniki, Tsolakis graduated from the Hellenic Air Force
More
Real monthly gross earnings of employees in Cyprus registered an annual drop in 2022, the first decline in seven years, showing the effect of high inflation on real incomes. According to annual data released by the Statistical Service (Cystat), the average gross monthly earnings of employees for 2022 was €2,202, marking, in monetary terms, an
More
By Craig Erlam Manufacturing PMIs released throughout Monday made for pretty miserable reading and even those in China barely registered any growth after a lengthy period of contraction. The Chinese data did offer some cause for hope, at least, despite ultimately barely sitting in growth territory. The trajectory is positive and boosted by targeted stimulus
More
