UK Prime Minister Rishi Sunak sent a congratulatory letter to the elected President Nikos Christodoulides expressing his country’s readiness to assist in settling the Cyprus problem and boost close bilateral relations. A statement from Christodoulides’ office said Sunak pointed out that the cooperation between the Republic of Cyprus and the United Kingdom is determined by the historical
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Bank of Cyprus aims to return to substantial dividend payouts this year as it posted after-tax profits of €71.1 mln for 2022 from €29.7 mln the year before. Announcing its latest financial results, the bank said it had set a goal of creating shareholder value and returning to substantial dividend distributions from 2023 onwards, subject
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By Craig Erlam Stock markets in Europe are treading water in thin trade at the start of the week, amid a light economic calendar and a US bank holiday. It was always likely to be a slow day under the circumstances and that’s exactly what it’s turning out to be. Markets remain in a surprisingly
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Public Health Services are closely monitoring information on the spread of the deadly Marburg virus, where cases of the disease have been recorded in Equatorial Guinea and other African countries. Equatorial Guinea confirmed its first-ever outbreak of Marburg virus disease. Preliminary tests after the deaths of at least nine people in the country’s eastern Kie
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Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the EU reached their highest levels since the start of data collection in 2015, as energy prices and inflation peaked. In Cyprus during the same
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Cypriot families are digging deeper into their pockets to make ends meet at the end of the month than others in major European countries. According to Numbeo data, compiled by Phileleftheros daily, a four-member family in Nicosia needs an average of €2,637 without rent. A single person living on their own will need €753 without
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Cypriot motorists are switching to greener cars as registrations of hybrid, and electric cars reached an all-time high in 2022. According to data released by the European Automobile Manufacturers Association (ACEA), total hybrid vehicle registrations in 2022 reached 3,479 in Cyprus, up from 2,475 sales in 2021, an increase of 40.5%. In the fourth quarter
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Newly elected President Nikos Christodoulides said he would do everything possible to achieve a result at Thursday’s meeting with the Turkish Cypriot leader Ersin Tatar. After casting his vote in Yeroskipou for the new Paphos bishop, Christodoulides said Cyprus talks should resume as soon as possible. He told reporters that he will attend the meeting
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Cyprus is speaking to fellow European Union countries to shore up support for the shipping industry hit by sanctions on Russia. Cyprus has the third-largest shipping fleet in the EU after Malta and Greece. It has seen defections, or itself deflagged, about a fifth of its oil tanker fleet in recent months, connected one way or another to sanctions on Russia.
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Mobile app developers grossed $428 bln last year, with people worldwide making over 235 billion downloads, with global app revenues and downloads more than doubling over the past five years. In 2023, mobile apps are expected to become a $490 bln industry with room for more growth, while revenues are expected to grow by another
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