Two men were handed prison sentences by the Paphos District Court for the theft of the ‘Girl with the Hula Hoop’ bronze statue, a cultural landmark in the heart of the old town sold for scrap. A 55-year-old man was handed a two-year prison sentence for stealing the statue and a one-year sentence for malicious
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Rapid developments in Artificial Intelligence technology with the introduction of ChatGPT could revolutionise the workplace by opening the door to a four-day week and boosting productivity, said Cypriot Nobel Prize winner Sir Christopher Pissarides. Pissarides, a professor at the London School of Economics, specialising in Labour economics, said the labour market could adapt quickly to
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Cyprus will offer Ukraine technical training on landmine clearing as part of its humanitarian assistance, its defence minister said. Ukrainian Defence Minister Oleksii Reznikov, who is visiting Cyprus Friday, is set to tour areas where the training will take place. “We will host personnel which will handle de-mining and detection of mines,” Cypriot Defence Minister
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Cyprus reported another COVID-19 death on Friday, the lowest in the past weeks, with cases, however, jumping back up after dropping below a 1,000 last week. The Health Ministry said in its weekly Covid bulletin that the latest victim was a woman aged 95, raising the death toll since the pandemic started three years ago
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Tourism is on the road to a full recovery in 2023 after Cyprus airports recorded record passenger traffic for March. According to Cyprus airports operator Hermes Airports, Larnaca and Paphos airports had 5.8% more passengers in March than in the record year of 2019. As announced, a total of 597,000 passengers went through the airports
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The House passed legislation tweaking public servants’ working hours, proposed by the Transport Ministry to alleviate traffic congestion in urban centres during rush hour. According to the changes, civil servants can now report to work from 7 am-8.30 am and sign off between 2.30 pm – 4 pm. MPs also raised the issue of a
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Despite inflationary pressures receding, March saw the lowest inflation rate for 13 months, but households continue to feel the cost-of-living pinch as they spend more on food. According to the Cyprus Statistical Service (CyStat), Inflation in March retreated to 5.1%, from 6.7% in February but still historically high, continuing its downward trend after peaking last
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Viable and Sustainable Development constitutes a business philosophy inextricably linked to every company’s social, economic, and environmental responsibility. Sustainability reports are particularly important because they include the company’s accountability mechanism to all stakeholders, and these are not only financial organisations. A company should clarify in simplified language what it does, how it does it, and
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Cyprus banks are willing to take up Finance Minister Makis Keravnos’ call to lower their lending rates to prevent a new toxic loan crisis, as long as the government chips in, according to reports. Keravnos told MPs at the House Finance Committee on Monday that he had written to the Cypriot banks urging them to
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By Craig Erlam We’re seeing some cautious trading ahead of the jobs report on Friday, with Thursday’s jobless claims data offering signs of cracks appearing in the labour market. That primarily came from revisions to previous figures that show a clear trend higher in claims, a trend that is likely to worsen as mass layoff
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