Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to surveys on cyber security. The surveys showed that 46% of businesses were attacked or suffered a security breach in the last 12 months, with an average of 3-4 attacks per month. Among the local businesses that were attacked, 48% incurred
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Housing booms across many advanced economies are coming to a halt due to rising mortgage rates and weak economic growth prospects, according to Moody’s analysis. “Slowing home sales and a moderation of house price appreciation, if not outright corrections, are now likely in most markets where house prices appreciated rapidly in 2021 and earlier this
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A Syrian man accused of the double murder of two Russian women, who were found buried in the grounds of a mountain getaway, was handed a 25-year-in-prison sentence. The now 33-year-old Syrian was convicted on two accounts of manslaughter after pleading guilty in a deal with prosecutors than the initial premeditated murder charges. Also convicted
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Cypriots’ trust in government reached rock bottom during the pandemic, as they were disappointed with authorities’ response to coronavirus. According to Eurofound’s latest survey, public trust towards the government during the pandemic years of 2020 to 2021 crashed. Starting with an overall trust score of 5.4/10 in April-May 2020, it dropped to 4.8/ 10 in
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Cyprus’ biggest problem is the influx of irregular migrants, reaching 21,000 this year, with 95% entering through the Green Line, said Interior Minister Nicos Nouris. “Turkey is sending us migrants through the occupied territories; of course, there should be consequences for this action.” Nouris said that migration has taken on a European and global dimension,
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Yiorgos Harakis and Anna Kawalec from Poland were the big winners of the «Quantum Nicosia Marathon 2022», recording the best times in the men’s and women’s Marathon races held on Sunday morning. Organiser and exclusive sponsor of the race was the Athanasios Ktorides Foundation, with the start and finish in front of the Nicosia Municipal
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Mastercard, the second-largest payment-processing corporation worldwide, are investing in Cypriots’ preference to use plastic money over other payment methods. In an event in Nicosia to present their new Country manager for Greece, Malta and Cyprus, Panayiotis Polydoros, Mastercard emphasised Cypriot’s strong preference for using credit cards for their transactions, breaking away from traditional payment methods
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Good news for the local shipping industry, as a major ship-owning company registered in Bermuda and listed on the New York Stock Exchange has reportedly initiated the transfer of its activities to Cyprus. The Royal Gazette, a Bermuda news outlet, said the company is Frontline Ltd, whose fleet includes oil tankers. According to the report,
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Once lagging in urban development compared to the other cities, Larnaca is now at the forefront, argue stakeholders, pointing to key projects about to take off. Talking to the Financial Mirror, the managing director of Ask-Wire, Pavlos Loizou, said that Larnaca had gone from being the lagger regarding development projects to the town with the
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Union-led workers at the Electricity Authority of Cyprus do not seem to have understood the free-market concept of competition. Instead, they are again manipulating the pre-election period to push through selfish demands to secure their high-paying jobs. Regardless of the cost-benefit of decommissioning uneconomical and high-emission units at the Dhekelia power station, this is to
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