Following the June 25 general election, Kyriakos Mitsotakis was sworn in on Monday as Greek Prime Minister for a second term, with Sunday’s election confirming New Democracy’s strong lead, as the new parliament will consist of eight parties. Mitsotakis’ ruling New Democracy party won 40.55% of the vote (39.85% in the 2019 elections), followed by
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The remarkable progress and rise in academic rankings of the University of Cyprus were praised by President Nikos Christodoulides at a graduation ceremony. The President highlighted its inclusion among the top 1000 higher education institutions in the world according to the International University Ranking. He said the University of Cyprus was ranked 473 after evaluating thousands
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By Craig Erlam It’s been a relatively slow start to the week, but things are likely to pick up with more appearances from prominent central bankers and key data due for release in the coming days. Equity markets are a little higher early in the European session after what has been a tough couple of
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Until the completion of the energy transition, natural gas reserves in the Mediterranean can serve as a transitional solution to the EU’s dependency on Russian natural gas, said Andreas Poulikkas, head of the Cyprus Energy Regulatory Authority (CERA). He spoke at the Hydrogen & Green Gases Forum held last week in Athens, where he was
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Despite pressures from the government and EU monetary bodies, Cyprus banks still charge higher interest rates for loans and lower rates for deposits than most eurozone countries. Data released by the European Central Bank (ECB) for April shows the average interest rate for time deposits of up to one year for households dropped to 0.41%
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The government will introduce stricter rules at Green Line crossings to clamp down on abuses related to purchasing cheaper fuel from the Turkish-occupied north, said Energy Minister George Papanastasiou. The minister’s statement comes as petrol station owners prepare to take to the streets on Tuesday, claiming that they are losing out because of the availability
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President Nikos Christodoulides was among the first leaders to congratulate New Democracy President Kyriakos Mitsotakis for winning the Greek elections, revealing he would visit Cyprus soon. In a post on Twitter, President Christodoulides said that he communicated with Mitsotakis to congratulate him on his “great victory”. “We will meet in the next few days in Brussels,
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The reputation of Cyprus’ best-known resorts of Protaras and Ayia Napa is being harmed by tourists leaving negative comments over noise pollution, warn tourism stakeholders. In comments to Phileleftheros daily, hoteliers warned that tourist resorts would soon feel the effects of remarks left on platforms such as booking.com and TripAdvisor by angry tourists complaining they
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The European air connectivity report reveals incomplete and imbalanced recovery, pointing to systemic changes in the aviation market, although Cyprus is among the few doing better post-pandemic. ACI EUROPE Monday published the latest edition of the Airport Industry Connectivity Report, the definitive barometer of air connectivity. It said Only five national markets have exceeded pre-pandemic
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The government will decide this week whether to continue a freeze on consumer tax on fuel and a subsidy on electricity bills under pressure from petrol station owners. The relief measures introduced to buffer hiking inflation are set to expire on July 1, which would see fuel prices shoot up by eight cents per litre,
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