A man in his 50s died onboard an EasyJet flight from Cyprus to London Gatwick Airport on Thursday. Passengers grew concerned when a dark-haired traveller, who appeared to be on his own, wasn’t waking up. Urgent attempts to resuscitate the passenger using a defibrillator proved unsuccessful. The flight- EZY8454 – left Paphos Airport at around 2.20 pm
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Alternative Investment Funds have consistently been selected as asset managers’ and investors’ preferred vehicle for investments. In the eyes of many, alternative investment funds have developed to represent the evolutionary immediate of companies in the realm of investing and capital raising. A Cyprus Investment Fund can only be set up by first incorporating a Cypriot
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UN Secretary-General Antonio Guterres is committed to staying engaged in reigniting the moribund Cyprus peace process; a senior diplomat has told Cypriot leaders. Top UN official Miroslav Jenca is on the island to gauge sentiment on the ground after five years of stalled talks. Jenca said he had a usually “very frank and very constructive
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Cyprus is determined to become a regional energy hub, exploiting resources, and ending its isolation, despite threats from Turkey, said President Nicos Anastasiades. Addressing the annual Cyprus Energy Symposium in Nicosia on Thursday, the President said Cyprus would implement its energy policy as a sovereign and independent state. “Cyprus does not object to Turkey’s participation
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Nearly three million tourists took a Cyprus holiday during the first 10 months of the year, with October arrivals close to pre-COVID figures. For the 10 months to October, tourist arrivals reached 2,941,182. During the same period last year, it was 1,691,030, while 612,975 tourists arrived in 2020 during the height of COVID travel restrictions.
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High labour costs, plus access to energy and raw materials, are the main challenges expected to be faced by Cypriot businesses in 2023, based on the Eurochambres Εconomic Survey. The Cyprus Chamber of Commerce and Industry (CCCI) points out that entrepreneurs’ resilience cannot be taken for granted and that Europe’s business community has suffered multiple
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Uncertainty continues to prevail over the economy, as economists warn that things are not expected to improve as the highly volatile geopolitical environment continues to cast its shadow. A report compiled by the University of Cyprus Economic Research Centre and Hellenic Bank said the Cyprus Composite Leading Economic Index1 (CCLEI) recorded a year-over-year decrease of
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Supermarkets oppose the government’s latest intervention to control prices of essential goods amid rising inflation, which is driving the cost-of-living crisis. The Cabinet on Tuesday had greenlighted a bill that obliges supermarkets to sell some 50 items to be included in a ‘household shopping basket’ at wholesale prices. It is fashioned on the model adopted
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British Bases Police Detective Constable Zacharias Soleas revealed his pride after receiving an honorary distinction from President Nicos Anastasiades for his bone marrow donor volunteer work. The award was given to the Dhekelia-based, 21-year police veteran, for his six years of voluntary work at Nicosia’s Karaiskakio Foundation, for assisting in obtaining saliva samples for bone
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Cyprus airports’ operator Hermes estimates that nine million passengers will have passed through Larnaca and Paphos terminals by the end of the year, marking an upward trend despite the Ukraine war. In comments to the Cyprus News Agency, Hermes Airports CEO Eleni Kalogirou said: “We were able to increase traffic despite the disruption caused by
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