Qatar Airways’ presence is “very important”, as it connects the island with Asia and the East, while in 2023 it is expected to fly to and from Cypriot airports around 80,000 passengers, said Eleni Kaloyirou, CEO of Hermes Airports. An event was held at Larnaca Airport to celebrate the airline’s 25th anniversary. Kaloyirou said that
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Last year was pivotal for the General Healthcare System, with over 800,000 patients visiting a GP, said the Health Insurance Organisation (HIO) that runs the GHS. “Gradually emerging from the Covid-19 pandemic, to which the GHS contributed crucially, the organisation was called upon to face new, equally significant challenges of vital importance”. Taking stock of
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Cyprus and Italy’s defence ministers held a meeting in Rome during which they discussed bilateral cooperation, European defence and the regional security framework. Italian Defence Minister Guido Crosetto and his Cypriot counterpart Charalambos Petrides held bilateral talks on Wednesday. According to the Italian Ministry of Defence, it was a long and cordial meeting – which follows the one
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Electricity generated from renewable energy sources in Cyprus could eventually make up as much as half of all power conveyed to other countries through an electricity cable linking the island’s power grids to Israel and Greece, officials said. Energy Minister Natasa Pilides told reporters that renewable sources produced almost 15.2% of Cyprus’ electricity last year,
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Property sales worth €17 bln have been recorded by the Land Registry since 2018, with 2022 being the best year, according to the latest data. The value of the property sold between 2018 to 2022 will increase as transactions for some sales documents submitted have yet to be completed. According to Land Registry data, the
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Digital adoption across economic sectors will determine the path of future growth, according to an analysis of the University of Cyprus’ Economic Research Centre. The analysis stresses the importance of digital uptake to increase productivity. According to the analysis of “Sectorial Labour Productivity Trends in Cyprus” between 2015 – 2021, the technology-intensive sectors experienced a
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The Harmonised Index of Consumer Prices (HICP) rose 8.1% last year compared to 2021, driven by higher energy bills and pump prices. In December alone, the HICP increased by 7.6% compared to the same month of 2021, but there were signs of it slowing, with a decrease of 0.8% compared to November. From January to
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Cyprus has proven its resilience in the face of the crises like the coronavirus pandemic and the Ukraine war, said tourism boss Savvas Perdios citing improved tourist arrivals for 2022. Tourist arrivals hit 3.2 mln last year, despite Cyprus losing 800,000 Russian and Ukrainian tourists due to the war. Visitor arrivals spiked 65% in 2022
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Some 73% of CEOs believe global economic growth will decline over the next 12 months, the most pessimistic outlook in over a decade, said PwC’s Global CEO Survey. The bleak CEO outlook is the most pessimistic regarding global economic growth since PwC began asking this question 12 years ago. It is a significant departure from
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Trade unions declared islandwide strike action on January 26, following a deadlock in negotiations with employers and the Labour Ministry over the reinstatement of inflation-linked Cost of Living Allowance (CoLA). The industrial action will see the economy shut down on January 26 for three hours (11 am to 2 pm), 10 days before voters head
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