About 17,000 non-EU citizens who fled Ukraine due to the Russian invasion have temporary protection status in Cyprus. According to Eurostat, those with temporary protection status across the EU in June, most of them refugees from Ukraine, reached 4.07 million. The main EU countries hosting beneficiaries of temporary protection from Ukraine were Germany (1,133,420 people;
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By Naeem Aslam US and European futures are trading a bit soft on Wednesday as traders continue to take a small breather after the recent stellar rally in the equity markets. Bulls needed an excuse to take some profit off the table, and the weakness in the Chinese data and the news of a downgrade
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Police are on high alert after narrowly preventing an attack on visiting Maccabi Tel Aviv fans by Cypriot hooligans on Tuesday night on Larnaca’s Phinikoudes seafront. Videos of ‘Omonia 29 May’ hooligans chasing Maccabi fans down neighbouring alleys were posted on social media. Maccabi Tel Aviv is in Cyprus for a game in the third
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Commissioner for State Aid Control Stella Michaelidou suggested Cyprus could adopt the French subsidy scheme for small and medium-sized enterprises (SMEs) impacted by the Ukraine war the European Commission approved. In her announcement, the Commissioner argued that France, in efforts to support very small, small, and medium-sized enterprises, has formally submitted a budgetary plan of
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A 26-year-old Egyptian man was caught red-handed mugging a British teenager who had lost consciousness in the busy tourist area of Ayia Napa, police said. The 19-year-old British holidaymaker was found unconscious just after midnight Tuesday by members of the Criminal Investigation Department of Famagusta, who were on patrol. While moving to tend to the
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The head of the Department of Forests said this July the number of fires tackled under its responsibility was 70 compared with an average of 30 in previous years. It followed the largest wildfire this year in the Limassol district, which destroyed 10 square km of vegetation and some properties. It took an international effort
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Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by European Central Bank interest rate hikes to tackle soaring inflation. According to the Central Bank of Cyprus, renegotiated loans from January to June spiked to €2.13 bln, marking an annual increase of 264%, compared with
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Top health officials have engaged in verbal combat as Health Minister Popi Kanari seeks to find the truth behind accusations that a university degree held by her Permanent Secretary, Christina Giannaki, is fake. Kanari inflamed the situation after calling on the senior civil servant to provide proof of her qualifications, including a degree from the
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By Craig Erlam It’s been a rough start to the week for stock markets, with trade data from China not helping to lift the mood at a time when we’re already seeing a little more risk aversion. August is typically a quieter month for financial markets and it would appear this year is no different.
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In an unprecedented move expected to upset shoppers, the Mall of Cyprus will charge visitors for parking from September 1. “To make better use of the available parking space and serve its visitors more efficiently, the Mall of Cyprus is implementing the new, automatic, paperless Sensipark system from September 1,” the mall announced. The mall’s
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