The government will introduce more measures to fence off the effects of persisting high inflation following news that interest rates will rise after the latest increase imposed by the European Central Bank. The ECB’s decision on Thursday to increase its benchmark policy rate by another 25 basis points to its highest level in 22 years
More
By Craig Erlam The ECB raised interest rates by another 25 basis points on Thursday and signaled there’s more to come as it significantly revised up its core inflation forecasts for this year and next. Prior to the meeting, markets were pricing in a hike, but perhaps no more after, something President Lagarde sought to
More
Greece’s AEGEAN and Cyprus Airways announced a codeshare agreement connecting the networks of the two flag carriers, offering enhanced connectivity for passengers. Starting on June 20, this new commercial partnership will boost business and leisure travel between Greece and Cyprus, providing customers with improved flight schedules and connectivity between the countries and international destinations. AEGEAN
More
President of the National Betting Authority, Ioanna Fiakkou, is under criminal investigation in connection to match-fixing claims after she refused to answer MPs’ questions at a House hearing. The House’s Ethics Committee called Fiakkou after she refused to provide information about corruption in football. Reportedly, Fiakkou refused to hand over information to the Cyprus Sports
More
The Cabinet Thursday approved a bill establishing a Deputy Ministry for Immigration and Asylum to manage migration issues better. Interior Minister Constantinos Ioannnou said the deputy ministry’s goal would be the management of immigration and the protection of those who are legitimate beneficiaries. He said creating a ministry solely dedicated to migration was a key pillar of the
More
Cyprus courts are getting tougher on football violence, as another young fan from Limassol was handed a five-month sentence, the third person in as many weeks jailed for hooliganism at stadiums. A 23-year-old man was jailed for five months by the Nicosia district court after being found guilty of violent conduct during a football match
More
The full-scale war in Ukraine, conflict elsewhere, and climate-driven upheaval meant more people than ever remained uprooted from their homes last year. Heightening the urgency for immediate, collective action to alleviate the causes and impact of displacement, UNHCR, the UN Refugee Agency said. UNHCR’s flagship annual report, Global Trends in Forced Displacement 2022, found that by
More
The Foreign Ministry said it is “deeply saddened” by the tragic news of the shipwreck off Pylos, Greece, that claimed the lives of at least 79 migrants. In a Twitter post, the ministry expressed its “utmost appreciation and respect for the Hellenic Coast Guard for their ongoing, tireless efforts to rescue as many people as
More
Cypriot women are being mobbed out of their jobs after giving birth, during pregnancy, or after turning down sexual advances, as legislation does not protect them, said Law Commissioner Louiza Christodoulidou Zannetou. At a conference on “Mobbing and sexual harassment at the workplace”, Zannetou said that complaints received by her office had been steadily rising.
More
Binance has applied to be removed from Cyprus’ register of crypto asset service providers in a move it said would allow the crypto exchange to focus on its larger European businesses. It was unclear when Binance applied to deregister. The world’s biggest exchange announced its registration with the Cyprus Securities and Exchange Commission (CySEC) in
More
