Global M&A activity will likely rise in the second half of 2023 as investors and executives look to balance short-term risks with their long-term business transformation strategies, according to PwC’s Global M&A Industry Trends Outlook. While global deal activity remains clouded by macroeconomic volatility, including recession fears, rising interest rates, a steep decline in equity
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The Cyprus National Addictions Authority (CNAA) participates in an initiative for a smoke-free environment and the first European smoke-free generation by 2030. CNAA President Dr Christos Mina said according to statistics, the percentage of students aged 15-16 who smoke in Cyprus was 14%. It is lower than the European average, continuing the downward trend, yet 4.5% of students
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The digital payments market has enjoyed steady growth, especially as the Covid-19 pandemic and lockdowns triggered a boom in the sector. Riding this wave of success, the total transaction value in the digital payments sector is expected to grow by 15% year-over-year and hit almost $9.5 trln in 2023, according to data compiled by TradingPlatforms.com.
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A new €3.5 mln Troodos ski centre will be a jewel, leisure attraction, and reference point for Cyprus President Nicos Anastasiades said at a foundation stone laying ceremony. It is the biggest development since the original centre was built over 75 years ago. He called the weekend’s foundation laying a “historic day” for Cyprus. “We
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The Health Ministry issued a series of measures to prevent the spread of COVID-19 during Sunday’s Presidential election. It is recommended that rooms are adequately ventilated, while staff and representatives of the candidates must wear a protective mask throughout their stay at the polling station. Face masks are recommended for all voters inside the polling stations. It
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The government will continue to subsidise the installation of solar panels in homes, despite warnings the system can’t absorb additional Renewable Energy Sources (RES), said Energy Minister Natasa Pilides. A joint letter by Cyprus Transmission System Operator (TSO) and the Distribution Director said the state scheme should be terminated as the system cannot absorb more
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The Meteorology office Monday issued a yellow warning for heavy showers and isolated thunderstorms across Cyprus, with more rain expected during the week. It said the warning is in effect from 11 am until 1800 Monday evening. During heavy downpours, the precipitation rates are likely to range between 35-50 millimetres per hour. Maximum temperatures will
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Over the five years of this government, a toxic mix brewing has ensured that peace talks are buried under concrete as Nicosia adopted a more aggressive tone. It will have us believe that everything has been done to try and revive the non-existent peace process pushed under the bus at Crans-Montana in 2017. Turkey has
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With the presidential elections around the corner and the outgoing administration rushing to complete its outstanding tasks, the eco-friendly culture finally seems to have kicked in with this government. The Council of Ministers is introducing a measure to reduce motor emissions in the city centres by banning fuel-driven vehicles and imposing hefty fines as a
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Εconomic sentiment in Cyprus improved further in January on the back of retail confidence, as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.9 points from December. According to the Economics Research Centre of the University of Cyprus, the increase was driven by confidence gains in retail trade, industry and among consumers. The index reached 105.6
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