By Craig Erlam We may be seeing a bit of a trading lull at the start of the week with Tuesday’s US bank holiday tempting many into an extended weekend. The economic calendar looks busy but with a large portion being PMI revisions, that doesn’t necessarily equate to an abundance of trading activity. The revisions
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Approximately €8 mln worth of cheap energy produced by Renewable Energy Sources will be rejected by the island’s grid by the end of the year, as it cannot handle the excess load, according to stakeholders. According to data from the Association of Licensed Electrical Contractors of Cyprus, the grid has rejected energy worth €2 million
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British Bases police are continuing investigations into a marine accident between two jet skis driven by Ukrainian parents that claimed the life of their 6-year-old daughter. The incident occurred on Saturday evening off the coast at Lady’s Mile beach, where the girl had been on a yacht with her parents. Reportedly, the 6-year-old girl was
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A 2.5 magnitude earthquake on Monday shook Larnaca, but there was no structural damage or injuries, reported the Cyprus Seismological Centre. The mild earthquake was felt in Larnaca on Monday at 1.03 pm, the geological survey department said in an announcement, confirming earlier reports by the European-Mediterranean Seismological Centre (EMSC). According to the local seismological
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Commissioner for Gender Equality, Josie Christodoulou said that gender gap issues in Cyprus need urgent improvement. She held her first meeting with contact points of all ministries and deputy ministries, aiming at integrating the gender dimension into the state machinery. The Commissioner presented the mission and priorities of her Office, stressing that equality between women and men
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Four Indian nationals have died due to a head-on traffic collision involving two cars in the Turkish-occupied north during the early hours of Monday, raising concerns over road safety there. The horrific crash happened around 3:40 am on the Kyrenia- Kythrea road near the village of Klepini. In addition to the four fatalities, two others
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Cypriot families need around €4,000 a month to make ends meet, according to expatistan.com, an online platform designed to offer a realistic index on cost-of-living for people eyeing a move to another country. According to the online platform, a family of four in Cyprus needs an income of €3,953 a month to put a roof
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International rating agency DBRS Morningstar predicts the GDP growth rate of the Cyprus economy in 2023 will remain at 2.1%, according to updated baseline macroeconomic scenarios. DBRS estimates that in 2024 Cypriot GDP will expand at 2.4%, marking a minor marginal upgrade of the estimate by 0.1% compared to the corresponding December 2022 forecast. This
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The Turkish narrative for a two-state solution cannot be part of any discussion in a new round of talks on the Cyprus issue, said Defence Minister Michalis Giorgallas. At Sunday’s memorial service for fallen soldiers during the 1974 Turkish invasion, Giorgallas said the resumption of UN-sponsored peace talks is President Nikos Christodoulides’ highest priority, with a
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It’s almost impossible to say how effective our intelligence services are in thwarting terrorist plots or preventing homegrown nutcases from doing something reckless. Some unkind critics would wager there is nothing intelligent about our intelligence operatives who get to stop malicious attacks because the Americans or Israelis feed them information to act on. There is
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