A 25-year-old Turkish Cypriot man was charged with carrying an illegal weapon after Greek Cypriots attacked his female compatriot in Ayia Napa. Police said on Wednesday they had located the man, who was among the young woman’s group of friends. The man was seen taking an object resembling a club out of his car boot
More
Cyprus has the largest percentage (87%) among EU states of respondents agreeing that the actions of Brussels affect their daily lives and are dissatisfied with government or EU measures to contain the high cost of living. These results of a special Eurobarometer were released a year before the European elections scheduled for 6-9 June 2024.
More
Cyprus, along with Malta and Luxembourg, rank first for the purity of their bathing waters, according to National Blue Flag Programme Judge CYMEPA. During a ceremony, 79 Blue Flags were awarded to 77 of the country’s beaches and two marinas. Blue Flag criteria include standards for quality, safety, environmental education and information, service provision, and
More
By Naeem Aslam US and European markets are set for a mixed open Wednesday as traders pay close attention to weak economic numbers out of China and another surprise interest rate hike by the RBA. In Europe, what matters most in terms of sentiment is the German Industrial Productions m/m. The data brought more weakness
More
Cyprus is launching an information campaign to counter a spike in irregular migration, authorities said, saying they were struggling with the highest inflows in the European Union. The island has had the highest number of new asylum applications in proportion to its population for the past six years. Eurostat data for 2022 showed it at
More
Turkiye President Recep Tayyip Erdoğan’s re-election will likely lead to a continuation of unorthodox economic policies and the central bank’s (CBRT) extraordinarily loose monetary policy, argues Moody’s analysis. The policy stance has been highly detrimental to the central bank’s credibility, deterred foreign capital inflows, pressured the exchange rate and required the authorities to turn to
More
Cypriot airline TUS Airways has unveiled plans to launch direct flights between Larnaca and Dubai (DXB) in the United Arab Emirates for the first time. The new route between Larnaca and Dubai will be served three times per week with flights every Tuesday, Thursday, and Sunday from October 1, with fares starting from as little
More
The government remains committed to implementing the National Space Strategy and investing in research and technology, said President Nikos Christodoulides when inaugurating the first Cyprus Planetarium. He said the government has a coherent policy in which it wants to create new conditions and prospects to build a strong ecosystem for space technologies and services. President Christodoulides
More
Nvidia Corporation (NVDA) achieved a new milestone last week, becoming the latest company to hit a $1 trln market cap, according to StockApps.com. The stock surged in pre-market trading, pushing it past the barrier before dipping back slightly below that level at the close of regular trading. “The surge is indicative of the growing demand for its
More
Total new loans decreased to €473.9 mln in April, compared with €922.5 mln in the previous month, as the credit squeeze tightens, the Central Bank of Cyprus said. Regarding deposit rates, it said the interest rate for households with an agreed maturity of up to one year decreased to 0.41%, compared with 0.47% in the
More
