Police have begun road traffic checks on cyclists for protective helmets after a law made it obligatory to wear one. Not wearing a proper protective helmet will incur an on-the-spot fine of €50. If fines are not paid, the offender will be taken to court. If the case goes to court, according to the police,
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Cyprus’ blood banks are battling supply shortages and requesting public support to bolster stocks to save lives. The head of the blood bank laboratory, Androulla Panayiotou, told CNA that blood supplies are running low and appealed to the public to donate blood at donation stations and join organised blood donation events. She said the centre is
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A total of 187 applications submitted by women were approved for €10.6 mln in the government’s New Entrepreneurship Programme 2021-2027, said Commerce Minister Natasa Pilides. At an event to promote women in business, she said the New and Female Entrepreneurship Programmes had been some of the most successful run by her ministry. “Other actions are
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The UK Government continues to support a Cyprus settlement based on the model of a bizonal, bicommunal federation despite Turkish Cypriots advocating a two-state solution, a Downing Street spokeswoman said. During a foreign press briefing on Wednesday, she was asked about the British position on the issue, following interviews given by the Turkish Cypriot leader
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Investors are expected to shrug off hawkish tones and rate rises from the Federal Reserve, such as Wednesday’s 25 basis points, with the CEO of a leading financial advisory and fintech saying the U.S. central bank, “delivered hawkish tones about rates having to remain higher for longer and reiterated its commitment to cooling inflation.” The
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Ministers of Justice and Labour said they had zero tolerance for human trafficking, signing a cooperation framework to better protect those exploited. Justice Minister Stephie Dracos, Labour Minister Kyriacos Koushos and Deputy Minister of Social Welfare Anastasia Anthousi signed on Wednesday a framework of Memoranda of Cooperation aimed at combating the phenomenon and supporting the victims. A
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An economic and business policy is not a list of promises about what a presidential candidate will do for every social and professional group in the country to win their votes. Economic policy must be about a vision of the future, a way of getting there, and a set of guiding principles to face unexpected
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President Nicos Anastasiades announced Wednesday that Cyprus would donate €2.5 mln to the Hellenic Air Force as a gesture of solidarity after two Greek fighter pilots died when their Phantom jet crashed. “As a sign of solidarity with the Hellenic Republic and the Greek people, the Cypriot government has decided to contribute €2.5 mln”, Anastasiades
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Economic rationalism should not be ignored for populist spending by a new government but maintain a serious fiscal administration and continuity, outgoing Finance Minister Constantinos Petrides warned. “The public service in Cyprus, with the Finance Ministry at its frontline, constitute the backbone providing the conditions of continuity, provided economic rationalism will not be ignored for
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The European Central Bank has launched its EU-wide banking stress tests for 2023, with baseline assumptions for Cyprus providing for 2.5% GDP growth, followed by 3.1% for 2024 and 2025. ECB supervisors will examine 57 of the euro area’s largest banks, covering broadly 75% of banking assets, as part of the 2023 EU-wide stress test
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