By Craig Erlam We continue to drift into year-end with investors having little to cling onto that’s going to drive markets one way or another. That is so often the case this time of year and while 2022 could have been different, given how chaotic the rest of the year has been, it has proven
More
A 68-year-old man has reportedly been scammed out of half a million euros by online scammers who pretended to represent a Limassol-based property management company in a real estate deal. He reported to police that he was swindled out of €520,000 after he proceeded with a bogus offer to purchase several housing units in Limassol.
More
The technology sector’s (ICT) contribution to the Cypriot economy is estimated to reach €3 bln this year, boosting its diversification and resilience. According to the latest data, more than 1,200 foreign companies, mainly in technology, began operations in Cyprus through the Ministry of Commerce’s Business Facilitation Unit. At the same time, 9,800 job permits have
More
The Transport Ministry is launching the second phase of a €30 mln incentive scheme to encourage motorists to go electric in the coming months. Rollout of the 2022-2023 plan comes after phase one saw hundreds of motorists receive generous grants to replace their old bangers with cleaner, eco-friendly vehicles. The ministry has unveiled the second
More
Outspoken Turkish Cypriot journalist Şener Levent hopes for a European Court of Human Rights (ECHR) ruling in his case against Turkey that “will strengthen the principle of freedom of expression”. In statements to the Cyprus News Agency (CNA), the well-known newspaper publisher explained the rationale behind his recent appeal to the ECHR. “We have appealed to the ECHR through
More
Next year it would be possible to locate large burial sites of missing persons after receiving relatively good information on several cases, said Greek Cypriot member of the Committee on Missing Persons (CMP) Leonidas Pantelides. “We are constantly doing a little better, and I hope that in 2023 we will be more effective in identifying
More
By Craig Erlam We’re seeing choppy trade in financial markets on Wednesday in what is always quite thin trade as investors continue the festivities into the new year. And there’s certainly a strong sense of holiday trade to the markets, with a light news flow combined with lower liquidity creating choppy but ultimately insignificant moves.
More
After reaching an all-time high in the summer, fuel prices at petrol stations have subsided to levels before the war in Ukraine and sanctions on Russia, which catapulted energy costs. Following this week’s reduction, prices are around 40 cents lower than prices recorded on 12 July, when they hit an all-time high, with diesel exceeding
More
In a pioneering move, Aradippou Municipality, in the Larnaca district, is creating not one but two solar parks to contribute to clean energy sources. In comments to the Cyprus News Agency, Aradippou mayor Evangelos Evangelides said that works on the first photovoltaic park would be launched in March next year. The park will have a
More
Over 49 learners in Cyprus received awards for exceptional performance in Cambridge examinations, achieving a total of 59 awards. The award winners represent 15 centres in Cyprus and cover a range of 33 subject areas at Cambridge IGCSE and Cambridge International AS & A Level. The Outstanding Cambridge Learner Awards programme celebrates the success of
More
