Despite the property market generating €6 billion in sales in 2022, real estate agents expect a challenging 2023. Releasing its quarterly “Real Estate Market Bulletin”, the Cyprus Real Estate Registration Council said that the value of real estate sold last year was €5.85 bln. The Council appeared satisfied, noting that “against the challenges, the real
More
The political climate between the two sides in divided Cyprus has deteriorated, says UN Secretary General Antonio Guterres in his mission of good offices report for June to December. “In the absence of constructive or harmonised messages from the two leaders that could resonate with both communities, the climate between the two sides and vis-à-vis
More
Public transport in Limassol is going green, with 35 fully electric buses on the city’s roads in February, pushing the older diesel models into retirement. The 35 six-metre-long electric busses will be the flagship of the new fleet of the Limassol Transport Company (EMEL), which will introduce 177 eco-friendly buses replacing the older models currently
More
As Cyprus counts the cost of the extreme weather over the weekend, the Met Office warned the storm has not passed with more heavy rain expected. Following extreme rainfall mainly affecting the districts of Larnaca and Famagusta, the meteorological services issued a yellow warning for heavy rain and local thunderstorms, with intensity ranging between 55
More
The Cyprus Economy and Competitiveness Council (Ecompet) outlined medium-term and long-term proposals to tackle inflation via innovation investment. The Council said that due to the seriousness of inflation, it established a committee to propose measures and policy directives to tackle inflation. “Inflation is one of the most significant challenges facing all EU member-states, including Cyprus,”
More
The United Nations Security Council is expected to adopt a resolution at the end of January extending the mandate of the peacekeeping force in Cyprus (UNFICYP) for another six months, until July 31. Procedures are already underway for its approval, said Foreign Ministry spokesperson Demetris Demetriou. He said the Greek Cypriot side is not satisfied
More
Due to a possible arrival of the Kraken COVID variant, infectious diseases expert Dr Maria Koliou told CNA there would not be a rapid increase in the epidemic curve in Cyprus. She argued the Cypriot population already has immunity to Omicron 2 and five other variants, which are the most prevalent in the community and are related
More
The Bitcoin price rally demonstrates that cryptocurrency investors are pricing in more favourable market conditions in 2023 as inflation looks set to peak, according to the CEO of a leading independent financial advisory and fintech. Bitcoin reached above $21,095 on January 13 for the first time since November 8, 2022, before falling back slightly, according
More
For many Chelsea fans, the transition from Russian billionaire Roman Abramovich to US tycoon has resembled a train crash rather than a passing of the torch. The reigning World Club Champions (yes, we still are) are languishing tenth in the Premier League, knocked out of both domestic cup competitions and playing without confidence. In short,
More
Following a hard-hitting article in Phileleftheros on 5 January calling the project a ‘fiasco’, we had a flurry of announcements from the Ministry of Energy during the last few days. The good news is that construction of the jetty at Vasilikos is to start on 16 January, following long delays – the contracted project completion
More
