The adoption of the national healthcare system (the GHS), introduced four years ago, is costing the government of Cyprus and its people several billion a year. The compensation paid to doctors and other related health providers has increased demand for medical services, with the average income from this service alone, per ordinary GP family doctors,
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By Edward Moya A red-hot labour market remains and that should keep the pressure on the Fed, which will also delay second half of the year recession calls. The May jobs report showed robust hiring, a significant increase in layoffs, and easing wage growth. The last Federal Reserve messaging we got before the blackout period
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The Central Bank of Cyprus warned households to be wary of interest rate options and clauses when negotiating a mortgage deal. In an announcement, the CBC said the upward trend in interest rates prevailing internationally in recent months has significantly increased the cost of borrowing for households and businesses. Due to this development, the Central
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Dust higher in the atmosphere is expected to reach the surface, causing discomfort to vulnerable groups, as temperatures exceed 30 degrees Celsius Friday. In comments to the Financial Mirror, the head of the island’s Met Office, Kleanthis Nicolaides, said that dust in the upper atmosphere 2,000 to 3,000 metres above the surface will get closer.
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By Craig Erlam A debt ceiling fiasco was averted late in the day and markets are ending the week on a positive note, as traders turn their attention to the US jobs report. Rarely do you have a situation in which everyone appears to be in agreement, but we’ve seen over the last few weeks
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The freedom of assembly is a constitutionally safeguarded right, meaning it would be difficult for authorities to prevent any pro-Russia events as requested by the Ukraine-Cyprus friendship group. But restrictions could be imposed where public unrest may be caused, Cyprus Bar Association President Christos Clerides told CNA. He commented on the Ukrainian-Cypriot Friendship Community officially requesting
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Cypriot MPs are confident their latest compromise on reduced VAT for smaller first homes will convince Brussels to waive an infringement process launched against Cyprus. In comments to the Financial Mirror, the chair of the House Finance Committee confirmed that MPs will be pushing for the proposal to be voted through before 8 June, when
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Cyprus, Greece and Jordan have signed a Trilateral Defence Cooperation Programme during a ceremony held at the National Guard General Staff in Nicosia. A National Guard statement said the Programme provides for joint training and other activities in Cyprus, Greece and Jordan, adding that these activities will strengthen even more cooperation among the three countries’
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There are 943,978 beneficiaries registered with the General Health System (GHS), while 806,900 visited their GP the past year, proving a success since its introduction in 2019. The Health Insurance Organisation (HIO) Chair, Stavros Michael, said 692,500 beneficiaries had received medication while 611,200 visited a specialist. Also, 502,300 beneficiaries have undergone lab tests, and 286,500
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Annual Gross Domestic Product generated €6.2 bln in the first quarter of the year, showing an increase of 3.4%, bolstered by the retail sector and tourism revenue. Based on seasonal and working day adjusted data, the GDP growth rate in real terms during Q1 2023 is positive and estimated at 3.4% over Q1 2022. Compared
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