Smaller clubs see flagging fortunes turn, as investors pump fresh cash Cyprus football is in financial trouble, as nine out of the 14 topflight teams have lost a combined €18 mln in the fiscal year 2022, with the island’s largest clubs amongst those to close their books in the red, adding to their ever growing
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By Sandra Nebritova The recent sanctions imposed on a number of Cypriot companies and individuals has cast yet another shadow on our beautiful island. As reported previously, the sanctions have been imposed due to the alleged assistance in hiding and disguising the assets belonging to Russian oligarchs. The reason why this particular case is so
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Growing dissatisfaction and poverty in Turkish society could give AKP leader the boot Turkish President Recep Tayyip Erdogan will be facing the most crucial election in his political career on May 14, as he comes closer than ever to being ousted after remaining in power for 22 years with his Justice and Development Party (AKP).
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By Moody’s Analytics The details to April’s U.S. consumer price index were more favourable than the topline figure would suggest at first glance. Excluding food and energy, the CPI was up 0.4% for the second month in a row. On a year-over-year basis, the core CPI (seasonally adjusted) ticked down from 5.6% to 5.5%. However,
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DBRS Morningstar Analysis The outlook for the Republic of Turkey’s presidential and parliamentary elections, which are scheduled on May 14, 2023, is highly uncertain. For the first time since Tayyip Erdogan was elected Prime Minister two decades ago, Turkey’s typically fragmented opposition has united against the ruling AKP Party. Turkey’s weak macroeconomic backdrop – reflected
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The US have sent the Republic of Cyprus a second report containing details on Cypriot sanction busters, following an 800-page report sent earlier in the month, while some 400 employees of sanctioned firms are frustrated as they have not been paid wages for April. The two reports contain details on how a number of Cypriot
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Tony Christodoulou, widely considered a pioneer and father of public relations in Cyprus and beyond, has died. He was 80. For five decades, Tony was known as “Mr British Airways” and “Mr New Zealand Lamb”, two brands that identified with the family business he started in 1971, initially as Action PR, and eventually Action Global
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Social partners have settled a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. The island’s four main trade unions – SEK, PEO, Deok and the civil servants’ Pasydy – and the two employer groups, the Chamber of Commerce and OEB, signed the compromise deal
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By Craig Erlam A day after the Bank of England upgraded growth and inflation forecasts for the UK, economic data confirmed on Friday the country posted growth (just) in the first quarter, but it wasn’t all good news. The UK economy squeezed out a tiny amount of growth in the first quarter, but it
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Cyprus President Nikos Christodoulides has asked the Israeli government to intervene to halt investments made by businessmen in the Turkish occupied north, during his official visit to the country. The President was in Jerusalem on Thursday, where he met Prime Minister Benjamin Netanyahu, whose help he requested to put an end to Israeli investments in
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