International Women’s Day in Cyprus is championed with such fervour as if there is collective guilt about all the things we are not putting right. Everyone in the political arena wheeled out statements about progress in gender equality and eradicating bigotry. Even the perpetrators of an unequal society joined the clarion call. Declaring your allegiance
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Brussels will decide whether a reduced rent for Limassol’s three topflight teams, AEL, Apollon and Aris, for their newly-built stadium, the Alpha Mega Arena, constitutes illegal state aid. The dispute landed on the European Commission’s doorstep following a letter by Auditor General, Odysseas Michaelides, arguing the reduced rent offered to the Limassol football clubs constitutes
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The glass ceiling of gender disparity in Cyprus has started to crack, but it is still a long way from breaking. On March 8, instead of celebrating the occasion marking International Women’s Day, young basketball players felt morally defeated. Not because their team may have lost a game but because the national squad’s parent body,
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A lack of desire and disregard have left Cyprus consumers at the mercy of hiking energy prices while the country’s grid is on the verge of crisis, say environmentalists. While consumers struggle with inflation, electricity bills will certainly bulge as the Electricity Authority is called to pay an increased cost for emitting greenhouse gases. Furthermore,
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President Nikos Christodoulides said that Cyprus and Greece should work more closely on matters of shipping, which will be high on the agenda of his first meeting with Prime Minister Kyriakos Mitsotakis in Athens next week. Speaking on the sidelines of the sixth Capital Link Cyprus Shipping Forum in Limassol, Christodoulides said the importance of
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Here is some more useful information you need to know when buying immovable property in Cyprus. If there is a building on the property, then you should verify its legality and whether there are any planning or building or other outstanding issues: Make sure that the building has a Certificate of Approval, whether it is
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Cablenet has established itself as the fastest-growing communications provider in Cyprus, delivering on customer demands and exceeding expectations, with a record performance in 2022 despite the post-pandemic challenges. The telco announced a record 40% growth in the overall subscriber base, and a 102% increase in mobile subscriptions, resulting in significant 19.4% growth in revenues, reaching
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Central banks in the advanced world are mandated to keep inflation low, typically with a target of 2%. The main tool for achieving this is central bank monetary policy, which involves raising or lowering interest rates and adjusting their balance sheets accordingly. Interest rates are a key variable in the economy, impacting aggregate demand, the
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Tototheo Maritime subsidiary Marine-Fields Holding announced it has acquired German maritime consultancy and technology advisory firm BM Bergmann Marine GmbH. The takeover deal, completed in Hamburg on January 27, follows close cooperation between the two companies “over the past few years”. The new entity bringing together BM Bergmann Marine and Limassol-based Marine-Fields, a leader in
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The University of Cyprus has come under the microscope of Auditor General Odysseas Michaelides, who pin-pointed financial waste and employment of an academic convicted for corruption. In his latest report on the University, Auditor General accused the institution of keeping an academic on its payroll who retired eight years ago for prestige. A UCy is
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