The topic of government involvement in housing is contentious, with various opinions and approaches to how housing should be provided and managed. This issue has become of interest in Cyprus due to the increase in the overseas population over the past three years. In 2022 alone, approximately 25,000-30,000 people moved to Cyprus from Ukraine, Russia,
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Energy markets were quite volatile over the last few weeks, as the EU issued a new efficiency directive which sets 11.7% total energy consumption reduction target by 2030. This will put increased pressure on natural gas use in Europe. Eight international associations and trade organisations sent a joint letter urging the G7 nations, including the
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Interior Minister Constantinos Ioannou said the government plans to get Greek Cypriot refugees from the 1974 Turkish invasion out of dangerous housing estates, as warnings flood in that some 43 apartment buildings were unfit. The plan was drawn up following a meeting with Nikos Kettiros, Chairman of the House Refugees Committee, Larnaca Mayor Andreas Vyras
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Turkish President Tayyip Erdogan’s AK Party is returning to its roots, as a draft election manifesto marks a return to more orthodox, free market economic policies, after the Lira hit rock bottom a fortnight ago. With presidential and parliamentary elections on May 14 drawing nearer, and the majority of opinion polls showing that Erdogan will
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A senior UN diplomat arrived on the island this week to bolster morale and offer words of support from the secretary general. On her first visit to Cyprus, UN Under-Secretary-General Rosemary DiCarlo made all the right noises about moving forward and encouraging interaction. She conveyed the UN’s backing for communication through technical committees because decades
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Cyprus, an EU member, is a land full of history, beautiful beaches, about 350 days of sunshine, delicious Mediterranean cuisine, and captivating natural mountain and beach areas. It offers top amenities to satisfy all types of tastes, and this is a big attraction to EU pensioners, including several golf courses of an international standard, marinas
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By Craig Erlam A frantic week in financial markets draws to a close and it’s clear that investors are feeling very anxious about carrying risk into the weekend. We all saw how fast things can move over the weekend and risk-averse trade at the end of this week highlights how nervous investors are about further
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Tourist arrivals increased for the second consecutive month and rose to 119,081 in February from 71,921 in the same month last year, an increase of 65.6%, with the U.K. accounting for a quarter of these holidaymakers. For the January-February period, tourist arrivals totaled 209,630 compared to 115,865 in the corresponding period of 2022, an increase
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The number of job vacancies dropped 19% in the fourth quarter last year, down by 1,822 to 7,821, compared to the same period in 2021, with the biggest demand in the ‘accommodation and food services’ sector. Quarter on quarter, the number of job vacancies decreased by 1,353 (-14.7%) in the third quarter of 2022, according to
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Cyprus reported six COVID-19 deaths on Friday, one more than last week, with a significant drop in new infections and a marginal drop in hospitalisations. On Thursday, the health ministry said some 14 people died from an influenza infection during the winter months, mostly senior citizens. The health ministry said in its weekly Covid bulletin
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