A substantial annual increase of over 40% was recorded in tourism revenue for May as holiday arrivals climbed. According to the official data, tourism revenue in May – when 420,000 tourists arrived – reached €311.0 mln from €221.0 mln in the same month last year, marking an increase of 40.7%. For the five months of
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By Lukman Otunuga, Senior Market Analyst at FXTM Asian markets were a mixed bag on Tuesday as weak China data countered the initial optimism set off by Wall Street overnight, after the benchmark S&P 500 notched its fifth consecutive monthly gain. European shares are flashing red amid market caution with risk appetite taking another hit
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With one month to go until the illegal bird trapping season begins, British Bases Police said more investment in detection technology is on its way to reduce the number of Ambelopulia snared in mist nets and lime sticks. August 31 until October 31 marks the Ambelopoulia, or Black Caps, migration period, and Bases Police said
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Wizz Air, Europe’s fastest-growing airline, announced a significant milestone as it celebrates carrying 6 million passengers to/from Larnaca Airport. “This achievement highlights the airline’s commitment to providing affordable, high-quality air travel opportunities for travellers in the region,” the airline said. Wizz gave its six millionth passenger a travel voucher to celebrate the landmark. Since the
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President Nikos Christodoulides is in Amman Tuesday to hold talks with King Abdullah II of Jordan before travelling to Palestine. Bilateral cooperation, the Cyprus issue, migration, and firefighting will be on the agenda. President Christodoulides will meet Prince Hassan bin Talal and then go to the Al Husseiniya Palace, where he will be received by King Abdullah II
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By Edward Moya US stocks wavered as a key Federal Reserve survey showed loan growth is weakening and that the economy should steadily weaken. The Senior Loan Officer Opinion Survey (SLOOS) indicates how top lending officers feel about the credit outlook. Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker
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President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis dismissed Monday any suggestion that Nicosia and Athens are split over the Cyprus issue. Following a tete-a-tete at the Presidential Palace during the Greek Prime Minister’s first official visit to Cyprus since re-election, President Christodoulides said they were on the same page. Mitsotakis said Greece’s support
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The Bank of Cyprus announced the successful completion of the EU-wide stress test for 2023 with improved results. According to the bank, the results show the Group’s “resilience under adverse conditions and its ability to maintain organic profitability and sufficient capital even under extreme macroeconomic assumptions”. “The outcomes for the Group, and its resilience to
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Following a short respite from a punishing heatwave lasting a record 17 days, the island is once more gripped by high temperatures as the Met Office issued yellow warnings for Monday and Tuesday. On Monday, the Met Office issued another yellow warning for high temperatures, reaching a maximum 40°C, while preparing the islanders for more
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A retired British miner convicted of manslaughter after killing his wife to relieve her suffering from blood cancer was released on Monday by a Cypriot court due to the time served of his two-year sentence. David Hunter, now 76, was tried for the premeditated murder of his 74-year-old wife, Janice, on December 18, 2021, but
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