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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The recent crypto price crash has wiped out billions of dollars in value of all digital assets, and non-fungible tokens are no exception, according to a recent study. Over the past six months, the price of both NFT collections and NFT coins plunged, causing many NFT buyers to vanish from marketplaces. Still, the revenues of
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By Craig Erlam Equity markets in Europe were back in the red on Wednesday, while the US looks largely unchanged early on Wall Street. Reports of missile strikes in Poland on Tuesday caused a shudder in the markets. The prospect of a sudden and unexpected escalation in the war in Ukraine, particularly involving a NATO
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The government has delivered a modern and resilient healthcare system with quality treatment for all, said President Nicos Anastasiades during an event to review his 10-year administration. He said launching the General Healthcare System (GHS) was the largest reform in the history of the Republic of Cyprus. “Predictions of collapse or failure of the effort
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Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government’s latest lifeline for distressed borrowers to help them keep their homes, according to a Finance Ministry official. In comments to state radio CyBC, the Finance Ministry’s permanent secretary George Panteli said that 3,000 to 4,000 distressed borrowers would be included in the
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Investors have turned their backs on tech stocks after a series of disappointing results from the biggest names in the industry, including Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook parent Meta. According to data presented by TradingPlatforms.com, the Big Five tech giants have collectively lost over $1.5 trln in market cap in less than
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The government will intervene to keep a lid on the price of essential goods amid rising inflation, which is driving the cost-of-living crisis. The cabinet has greenlighted a bill that will oblige supermarkets to sell some 50 categories of items to be included in a ‘household shopping basket’ at wholesale prices. It is fashioned on
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Cyprus Airways said in October it operated 310 flights increasing 169% from last year, carrying 36,991 passengers, up 391% annually, while improving its seat load factor by 24%. “These results are also better than those we registered in September, which is traditionally a busier month. “In October, we carried +6% more passengers (September – 34,868
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A Limassol high school teacher has been detained in police custody for allegedly sexually harassing more than a dozen girl students. The male teacher was remanded in custody for eight days on Monday following a court hearing conducted behind closed doors due to the young age of the victims. Local media reported that 13 underaged
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US Senator Robert Menendez has called for every Turkish soldier occupying Cyprus to leave the island for good. He was speaking during an online event on the 39th anniversary of the unilateral declaration of the independence of the Turkish Cypriot breakaway state. Chair of the Senate Foreign Relations Committee, Menendez said he is proud to support the Cyprus
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