Shipping Minister Marina Hadjimanolis described the maritime sector as an invaluable asset for Cyprus, stating her determination to strengthen its global position. Hadjimanolis welcomed the special Cyprus-India Working Meeting this week, at the Parklane Hotel, Limassol, in the framework of the Best Invest Congress. Thanking the High Commissioner of India, Madhumita Hazarika Bhagat, for the
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In a move to win over the public trust, the Cabinet has approved a bill to regulate the hiring process of government consultants following an outcry over recent appointments of seemingly unqualified people. The bill proposal adheres to existing standards for consultants and assistants to MPs and potentially implement more stringent guidelines for government posts.
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Annual inflation in Cyprus dropped to 3.01% in May, continuing its downward trajectory for a seventh consecutive month, mainly driven by the reduction of fuel prices. Price inflation in May marked the lowest point in the last two years. According to data released by the Statistical Service, the Consumer Price Index in May increased by
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Former Larnaca Bishop Chrysostomos received a 12-month suspended prison sentence after being found guilty of sexually assaulting a teenage girl in a historic case 42 years ago. The decision was announced amid a loud protest outside the Larnaca Court, with protesters – calling him a ‘rapist’ – jeering the suspended sentence. The Larnaca District Court,
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By Han Tan, Chief Market Analyst at Exinity Group Stock markets are finding some relief after the US debt limit deal was approved by the House, with the Senate’s vote now set to be a formality. Still, risk appetite appears to be muted after the mixed signals this week surrounding China’s recovery, as well as
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Cyprus hoteliers report their establishments are at 80% capacity over the upcoming long holiday weekend as Cypriots prepare for an early summer getaway. With the summer season officially beginning on Thursday, hotels at beach and mountain resorts are almost full during the first weekend of June. In comments to news site Stockwatch, the director general
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Taking concrete initiatives in the fight against corruption and setting clear targets to create a general climate of political accountability is a priority for the government, said President Nikos Christodoulides. At a seminar organised by the Cyprus Bar Association on ‘Independent Anti-Corruption Authority: legislation, practice, and challenges’, he said to achieve the common goals of fighting
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Last year, the unemployment rate of people aged 15-74 in Cyprus was 6.8%, a little higher than the EU average (6.2%), according to Eurostat data. The unemployment rate among the young was also above the EU average in Cyprus. Cyprus is considered a single region on the NUTS 2 level for statistics purposes due to
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The offshore Aphrodite natural gas field developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a subsea pipeline, one of the partners in the project said. Israel’s NewMed Energy said it had submitted a development plan with partners Chevron and Shell for Cypriot government approval. The group
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The Cabinet approved an Action Plan for “Green and Digital Transition” education within the European Year of Skills framework. After Wednesday’s Cabinet meeting, Labour Minister Yiannis Panayiotou said the goal is to promote green and digital skills, quality, and safety in the workplace. The action plan, he said, is based on promoting a modern professional
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