Measures to end the mismanagement of Turkish Cypriot properties were announced by the Interior Ministry on Monday following mounting claims of abuse, costing the state millions. The ministry announced the measures following a meeting of the Advisory Committee for the Management of Turkish Cypriot Properties to end mismanagement, which officials say costs the state about
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Redevelopment of Larnaca marina and port will be in full swing from the beginning of 2024, with the €1.2 bln project taking shape. In comments to news site StockWatch, the CEO of Kition Ocean Holdings – the Cypriot-Israeli consortium awarded redevelopment project – January 2024 will mark the launch of phase 1 works. “From the
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The drilling of an appraisal well at the offshore Aphrodite natural gas field was successfully completed with positive signs of undersea riches, said Energy Minister George Papanastasiou. He told journalists Monday that the drilling of the A3 appraisal well was completed on July 13, and there were some initial but unofficial remarks. He added that the
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Three elderly people are in hospital, suffering from heatstroke, while the island reported its first fatality from heatwave Cleon, as temperatures reached 42 degrees Celsius Sunday. Health authorities on Monday said three older people, aged 77, 78 and 80, were receiving treatment for heatstroke at state hospitals. The latter is in a more serious condition,
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Cyprus celebrated its first gold medal at the European Athletics Under-23 Championships in Espoo, Finland. According to the Cyprus Athletics Federation (KOEAS), Elena Kulichenko delivered an outstanding performance in the women’s high jump final and clinched the gold with her highest jump at 1.91m. On her first attempts, Kulichenko cleared 1.75m, 1.80m, 1.84m, 1.87m, and 1.89m.
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Renting in Limassol has become a mission impossible, as real estate agents now report that long waiting lists are being formed, a first for the coastal city. High earners relocating to Cyprus, with tech and fintech companies, have taken over the market as they are willing to pay much higher rents than locals. In comments
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Defence Minister Michalis Georgallas is in the United States to sign an agreement to integrate Cyprus’ National Guard into the State Partnership Programme (SPP). Turkey has denounced the defence training deal between the US and Cyprus as “encouraging Greek Cypriot armament.” According to the Cyprus News Agency (CNA), the signing ceremony will take place at
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By Naeem Aslam Market sentiment is pretty much negative among traders and investors due to the Chinese economic data, which missed the forecast and raised concerns that the second-biggest economy in the world is suffering from a crisis. Going into Monday, traders and investors were highly focused on China’s GDP data, and they were hoping
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By Moody’s Analytics The U.S. disinflationary forces gathered steam in June. The U.S. consumer price index rose 0.2% in June, in line with our below-consensus forecast. This comes on the heels of 0.4% and 0.1% gains in April and May, respectively. The CPI for energy was up 0.6% in June after falling 3.6% in May.
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There is no need to consult a weather map or study satellite images to predict what the weather will be like during the summer months in Cyprus. It is usually between hot and hotter or stiflingly humid and dusty. And prolonged heatwaves are becoming more commonplace than they were maybe a decade or so ago.
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