Another three sets of traffic cameras will go live in early May, following a month’s delay due to technical issues, as the network expands outside the capital for the first time. A fourth busy Nicosia junction will be added to the system, while Limassol will see its first two sets of cameras go live in
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The first Cypriot citizen has been evacuated from war-torn Sudan and arrived safely on a flight to Aqaba, Jordan, according to Foreign Minister Constantinos Kombos. He was removed safely from Sudan with Greek and other European nationals on a Dutch government flight. Kombos Tweeted his “warm thanks” to his Dutch counterpart, Wopke Hoekstra, “for his country’s assistance.”
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By Lukman Otunuga, Senior Research Analyst at FXTM Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative economic and geopolitical forces. European futures point to a mixed open with market players guarded ahead of another event-heavy week for financial markets.
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Finance Minister Makis Keravnos is launching one more effort to convince Cypriot banks to absorb part of the increase in mortgage rates as he meets the banking association on Tuesday. The meeting follows two consecutive calls made by the minister to lower lending rates to prevent a new toxic loan crisis, looming after six consecutive
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A 24-year-old Cypriot who spent time in a US prison for cybercrimes is the main suspect in the disappearance of a man whose torched vehicle was found in rural Nicosia last week. He was remanded for eight days by a Limassol court on suspicion of kidnap with the intent to murder following the disappearance of
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In an attempt to attract foreign investments to the Island and help economic growth, the Cyprus government in March 2021 revised Regulation 6(2) of the Aliens and Immigration Regulations. These amendments were in tune with the government’s general objectives at the time to stimulate and increase foreign investment in areas other than real estate. Last
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With Microsoft, Alphabet, Amazon and Meta all reporting their earnings this week, investors are switching their attention from banks to Big Tech, said the CEO of a leading independent financial advisory and fintech. US stock futures dropped slightly on Sunday night, and European markets opened flat on Monday, as investors prepare for corporate earnings reports
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Foreign Minister Constantinos Kombos has contacted French and British counterparts Catherine Colonna and James Cleverly and Egypt’s Sameh Shoukry on getting Cypriots out of Sudan. The Foreign Affairs Ministry said the contacts were held in the context of the ongoing mutual information and coordination with other countries, including EU partners, to manage the situation that has arisen.
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President Nikos Christodoulides believes more Cypriots and companies may be placed on the Russian sanctions list, vowing the government will do whatever possible to protect the country’s credibility. “We will not allow anyone to think that they can violate sanctions, cause problems and use our country’s name and continue with this type of behaviour,” President Christodoulides
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Cyprus Airways announced its March passenger results, carrying 25,899 passengers, a 558% increase from the previous year. Compared to March 2019, before the pandemic, the airline carried 19% more passengers (Mar’19: 21,676). It operated 325% more flights (Mar’22: 63 flights) whilst improving the load factor by 22% points. The airline also announced its highest forward
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