No European nation has increased its concentration of brain business jobs faster than Cyprus since 2014, according to the European Centre for Entrepreneurship and Policy Reform. Brain business jobs are considered essential, as they are resilient against crises. Between 2014 and 2021, the number of jobs in brain business industries increased by 55% in Cyprus.
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By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion swept through Asian shares on Tuesday, as the implosion of Silicon Valley Bank (SVB) continued to echo across markets. The recent developments have fueled fears over a U.S. banking crisis with investors on edge, waiting to see what happens next. Risk-off is
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A total of 32 new recruits have completed their first week as British Bases Police constables after they took their official oath in Dhekelia. The officers, a mixture of Greek and Turkish Cypriots, now begin an intensive two-year probationary period where they will be trained in every aspect of law enforcement. Last week’s swearing-in ceremony
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The Met Office has issued a second yellow warning in as many days for heavy rain as a low-pressure system moves across the island. A warning for severe thunderstorms came into effect from noon on Tuesday until late evening. Yellow warnings are issued for conditions that do not pose an immediate threat to the general
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Cyprus President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis said they would begin a new chapter in cooperation between the closely-knit nations. They announced the establishment of a new body, Supreme Council for Intergovernmental Cooperation, representing a new page of cooperation and coordination between Athens and Nicosia. Mitsotakis stressed that Athens supported the efforts of the
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The health system is dangerously low on available beds in intensive care units, forcing authorities to reduce the number of surgeries requiring patients to stay in one following the procedure. Cyprus’ Health Insurance Organisation (HIO) has instructed state, and private hospitals contracted with the General Health System to prioritise urgent cases, always leaving some beds
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President Nikos Christodoulides will visit Paris for talks with his French counterpart, Emmanuel Macron, to discuss how the EU can insert momentum into stalled Cyprus talks. He will go to France after the next European Council meeting on 23-24 March in Brussels. The Cyprus News Agency said President Macron invited Christodoulides to visit France to
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Turkish Cypriot students attending a high school in Lefkoniko, which is now operating tent classrooms, were sent home Monday due to flooding after heavy rain. Images of the flooded tent classrooms made the rounds on social media. The incident happened at the Cumhuriyet High School in Lefkoniko, one of three schools in the north operating
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Analysts do not expect to see the European Central Bank backing away from its intentions to raise interest rates by another 50 basis points at their meeting on Thursday. In a note, rating agency Moody’s stated the ECB meeting is not expected to offer any surprises. It added that the ECB’s governing council has repeatedly
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The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited the previous government for all the work that had been done, leading to this positive result. “Fiscal discipline is necessary; a strong and
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