A 10-member Cypriot family remain safe at their home in Khartoum during armed fighting in Sudan, the Foreign Ministry confirmed to CNA on Tuesday. Foreign Ministry spokesperson Theodoros Gotsis told CNA the family had been located and consisted of approximately 10 individuals who remained in their home. “They are safe, which is why they obviously did not
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Cyprus recorded the largest ratio of Ukrainian citizens that were granted temporary protection during February, according to Eurostat. It registered 1.1 Ukrainian nationals granted temporary protection per thousand people, followed by Czechia with 0.9 per thousand people. In absolute numbers, Germany granted the highest number of temporary protection statuses to Ukrainian refugees fleeing the war in February 2023 (25,125).
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By Craig Erlam We’re seeing relatively flat trading again on Tuesday amid mixed economic data from China overnight. The world’s second-largest economy grew by 4.5% in the first quarter as it emerged from zero-Covid restrictions to join the rest of the world in living with the disease. The transition was never likely to be perfectly
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If the government thought it would have time to settle and get a handle on running the country – it has been in power for 50 days, and the wheels are beginning to slide on the slippery surface. What the government will contend with after 100 days since taking the hot seat is anybody’s guess
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The value of Cyprus football has almost doubled in the past decade, as the worth of topflight teams went from €84.8 mln in 2011 to €159.88 in 2023, boosted by foreign investments in smaller clubs. According to Transfermarkt, a football information and statistics site, the overall value of Cypriot teams increased by 88%, with the
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Ever since the financial crisis of 2011-2012 brought Cyprus banks to their knees, the owners and managers of legacy financial institutions have yet to learn from their mistakes. Cyprus was shut out of markets when the island’s banks invested in toxic Greek government bonds that led to their downfall and a €10 bln bailout programme
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Entrepreneurs in the booming high-tech and fintech industry are unhappy that the government withdrew a bill designed to regulate blockchain technologies and crypto assets. As they argue, pulling the plug on the legislation will endanger the future of the island’s technology industry. The Finance Ministry withdrew a bill to regulate the use of blockchain technologies
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Eurostat recently published comparative rents, compiled with our contribution, for apartments and houses in the capitals of EU states, showing Nicosia has cheaper rents than most. The data also indicates that Nicosia rents are rising more than other capitals. Using Nicosia as the basis, it refers to the more popular housing areas and decent quality
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The Cyprus Securities and Exchange Commission (CySEC) has imposed a €1 mln fine on the Cyprus Investment Firm Itrade Global, for dishonest practices and tolerating conflict of interest by its Spanish tied agent. Itrade operates the forex/CFDs brands TradeFW, InvestFW and TradedWell. “CySEC takes any misconduct by supervised entities seriously and is determined to bring
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Investor focus is set to shift from inflation to earnings season, starting Friday with JPMorgan Chase, Citigroup and Wells Fargo, as it will give us more insight about a forthcoming recession, says the CEO of a leading independent financial advisory and fintech. Earnings reports kick off with major Wall Street banks, as the other companies
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