President Nikos Christodoulides said enhancing Cyprus’ outward orientation by attracting more foreign investments and promoting integration with other ecosystems, leveraging the potential of the digital economy, is necessary. Addressing Wednesday’s 15th In Business Awards 2023, he said both the state and businesses are called upon to respond successfully to the realities brought about by digital transformation and
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Although UN diplomacy has failed to achieve a breakthrough in restarting Cyprus talks, President Nikos Christodoulides said he is ready to meet Turkish Cypriot leader Ersin Tatar “even tomorrow”. He told journalists that he has repeatedly expressed his readiness to meet Tatar in public. “I have conveyed my desire to him as well, either for
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Increased construction costs and demand led house prices to continue their upward trend during the fourth quarter of 2022, with the Residential Property Price Index (RPPI) up by 6.6% year-on-year. It compares to a 6.3% y-o-y increase recorded during Q3 2022, according to the Central Bank of Cyprus (CBC). Apartment prices went up by 7.7% in
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The trial of four key figures accused of selling Cypriot passports to dubious investors, exposed by an Al Jazeera sting, has been abandoned and must be refiled just eight months after it started. It emerged Wednesday the Nicosia Criminal Court was forced to discontinue the trial due to a change in the composition of the
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By Craig Erlam European indices and US futures look a little flat Wednesday following a mixed session in Asia overnight, as Chinese trade data failed to inspire, while Australian GDP pointed to further pain as the RBA continues raising rates. Disappointing China trade figures Chinese trade data offered further evidence of weakening demand both domestically
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The American University of Beirut (AUB) campus in Cyprus boosts the island’s bid to be an international educational, technological and research hub, said President Nikos Christodoulides. At a ceremony Wednesday, he laid the foundation stone of the AUB Mediteranneo, as the Paphos campus will be named. President Christodoulides said the university adds to the “tremendous
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The European Commission and the United Nations Development Programme (UNDP) have launched the Cyprus Digital Heritage website (www.cyprusdigitalheritage.com). Funded by the EU through the Aid Programme, the new website aims to safeguard and showcase Cyprus’ cultural treasures, ensuring their longevity and making them accessible to everyone. The website includes virtual tours featuring cultural heritage sites
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Complaints over abuse of the General Healthcare System payments are rising, as specialist doctors charge patients at a higher rate instead of the GHS fee, according to patient associations. According to a report by the Cyprus Federation of Patients Associations observatory, specialists are turning down patients with a GHS referral, claiming they are fully booked.
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UN Secretary-General’s Special Representative in Cyprus, Colin Stewart, has tried but failed to bring Cypriot leaders to at least begin to start talking about a new peace process. His efforts to get President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar in the same room have not been made possible. The Cyprus News Agency (CNA)
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Βy Lukman Otunuga, Senior Market Analyst at FXTM Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P500 closed at its highest level in 2023. However, markets remain cautious despite hopes for stimulus in China with risk sentiment shaky after the World Bank’s warning on the global economic
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