The Technical Chamber of Cyprus (ETEK), advising the government on urban planning, has urged authorities to check for unsafe buildings as the fear of a strong earthquake hitting the island grows. In a letter to the Interior Ministry’s Public Works Department, ΕΤΕΚ said that more than 200,000 buildings were built before the implementation of any
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By Edward Moya US stocks turned positive after the Fed’s James Bullard stated that markets might be over-pricing US recession risk. Bullard said his projections for rates are to reach 5.375%, which implies 75 bps more in rate increases. The St Louis Federal Reserve chairman is one of the more hawkish members, so if he
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The Cabinet on Wednesday decided to extend a series of measures previously introduced to alleviate pressure on households from the hike in fuel prices and electricity. As the government’s acting spokesperson Niovi Parisinou announced, a freeze of the consumption tax on fuel and a subsidy for household electricity bills have been extended by another two
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A Paphos court will decide on 21 March whether a 75-year-old British man accused of murdering his seriously ill wife had his legal rights disregarded by police. David Hunter is facing murder charges after the death of his wife, Janice, in 2021, who was suffering from terminal blood cancer. On Tuesday, the criminal court received
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Paphos concrete manufacturers and quarrying companies demonstrated with their heavy vehicles outside the Presidential Palace in Nicosia on Wednesday in protest of ‘empty’ government promises. Some 60 concrete cement trucks were parked in front of the Presidential, blocking the road for several hours on Wednesday morning. Concrete manufacturers and quarrying companies are angry over the
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New US ambassador pledges to bolster blossoming defence and security ties with Nicosia as bilateral relations gain new momentum. President Nicos Anastasiades received Tuesday at the Presidential Palace the credentials of the new US Ambassador to Cyprus, Julie D. Fisher. They exchanged views on the “excellent level of bilateral relations” between Cyprus and the US, mainly
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For 20.1% of Cyprus enterprises (19.7% in the EU), e-commerce sales reached at least 1% of their total turnover, which was 3 percentage points higher (+0.7 pp EU) than the previous year. According to Eurostat data for 2021, Sweden recorded the highest share of enterprises selling online (e-sales of at least 1% of their total turnover) among
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Bitcoin is now recognised by a whopping 74% of online respondents in the UK, according to a brand survey analysis by BitcoinCasinos.com. This is an impressive figure among the leading cryptocurrencies, more than twice that of the second-placed Ethereum, which has a brand awareness rate of 33%. Dogecoin remains in the third place when it comes
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Mild winter and a slow start to 2023 have eased energy prices in Europe, at least for now, with persisting tight oil and gas supplies. China’s economy is on the way to recovery, but it is not yet clear how fast it will grow. Nevertheless, it is already impacting energy demand, while the EU embargo
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February has been a rollercoaster ride for crypto traders, with market volatility leading to high levels of price uncertainty. But after a rough start to the month, many top cryptocurrencies bounced back, with their prices continuing the positive movement seen in January. Some cryptos did much better than others, with Polygon and Polkadot the top
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