During Thursday’s three-hour general strike over the Cost-of-Living Allowance, 4,000 passengers and 21 flights at Larnaca and Paphos airports will be affected. The scheduled strike from 12:00 to 15:00 on Thursday will cause flight disruption at Larnaca and Paphos airports. According to airports operator Hermes Airports, 21 flights to and from Larnaca and Paphos are
More
Last year, the gaming industry lost 176 mln users due to a variety of headwinds and challenges, and online games had their role in this downturn. Although the number of online gamers dropped by 27.5 mln in 2022, the entire market is set to recover this year and witness impressive user growth. According to data
More
UK Foreign Secretary James Cleverly said that his government would continue working to resolve the Cyprus problem quickly. Cleverly addressed a traditional event to welcome the new year organised by the Conservative Friends of Cyprus in the Houses of Parliament in Westminster this week. Addressing the guests, Cleverly thanked the Cypriots for their “huge and enduring
More
By Craig Erlam Equity markets were largely moving lower on Tuesday, reversing part of Monday’s gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn’t really anything positive to take away. There are still a lot of huge names to report, but so far it basically underlines
More
Real GDP growth is projected at 5.6% for 2022 and 2.6% for this year after an upward revision by the University of Cyprus Economics Research Centre. In its report, the Research Centre said that compared to the forecast in October, the growth forecasts for 2022 and 2023 have been revised up by 0.7% and 0.2%,
More
During the third quarter of 2022, there was an increase in Management Companies and Undertakings of Collective Investments (UCIs) to 333, with the assets under their control reaching €9.9bn. Based on Cyprus Securities and Exchange Commission (CySEC) data, CySEC supervises 333 Management Companies and Undertakings of Collective Investments (UCIs). Their number was 330 during Q2 2022
More
The Big Five tech giants saw their stock prices slump last year, dragging the whole market down, after years of impressive growth that turned them into trillion-dollar companies. However, the eCommerce giant Amazon was among the hardest hit, according to data compiled by TradingPlatforms.com. Amazon’s stock value slumped 45% year-over-year, with $670 bln being wiped
More
Foreign Minister Ioannis Kasoulides briefed his EU counterparts on the assistance that Cyprus is providing Ukraine, with Poland, to help the war-torn country purchase electricity generators. At Monday’s EU Foreign Affairs Council (FAC) in Brussels, the main topics of discussion were the latest developments regarding Russia’s invasion of Ukraine, the security situation, and the increase of terrorist
More
Europe’s football superstars, like Cristiano Ronaldo, Lionel Messi and Neymar, have seen their bank balances skyrocket over the years, with annual records consistently broken thanks to jaw-dropping salaries and tens of millions more from heavy endorsement deals. But the arrival of Cristiano Ronaldo to Saudi Arabia’s Al-Nassr took the whole thing to a new level.
More
The first International Defence and Security Conference began in Limassol to highlight the Cyprus defence industry, new trends and technologies. Defence Minister Charalambos Petrides said the conference emphasises that Cyprus remains resolute in defending its national interests and maintaining a robust National Guard. “The Republic of Cyprus will continue advancing and enlarging its defence partnerships, its bilateral,
More
