Retailers are hyped over their Black Friday sales campaigns, hoping to see their return take off after two years of COVID restrictions, with all bets placed on the World Cup feel-good factor. This year’s Black Friday falls on 25 November, coinciding with the 2022 FIFA World Cup, which starts on 20 November, as the tournament
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The University of Cyprus Rector Tasos Christofides was re-elected this week, unopposed, to a second four-year term and laid his next priority to elevate the state institution to an international level. This is, perhaps, the biggest challenge facing the university and preventing UCy from spreading its wings. It’s not that the UCy has been lagging
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A new note from research consultancy Energy Aspects cautioned that US crude oil output from shale basins could peak in 2024. The note referenced five crude oil producers in the US considering cutting rigs at the start of 2023 due to high inflation. Not so long ago, the US acted as the swing producer in
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Turkish Cypriots are seeing their purchasing power disappear, as prices of essential goods have skyrocketed within the past year, with inflation in the north recording a year-on-year 120% increase in October. According to the Turkish Cypriot statistical services, annual inflation in October jumped by 120.72% and 81.64% from the beginning of the year. Turkish Cypriot
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With the blessing of the rains, Cyprus has turned “green” while the rivers are rushing down, which is a wonderful sight, as are the various water dams, especially the small ones located in an undisturbed natural environment. Each district has its own destinations for visiting nature and organised groups from companies with their staff to
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The global energy crisis continues with no end as the Russia-Ukraine war moves into winter. In Europe, natural gas prices have come down for now, but oil prices are edging upwards. Gas Prices EU natural gas prices continue falling. They are now at their lowest level since July but about six times higher than pre-pandemic
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Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House’s decision to extend a foreclosure freeze, arguing that Cyprus’s credibility among foreign investors and creditors will be shaken. “Unfortunately, the passing of the proposal to extend a freeze on foreclosures does not leave any room for the Finance Ministry other than to
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Ukrainians fleeing the Russian invasion that received temporary protection status in the European Union fell in 18 of 25 Member States but not Cyprus. Cyprus had the third largest increase during September, according to Eurostat. In September, Poland granted the highest number of temporary protection statuses to Ukrainians (53,545), followed by Germany (51,980), Romania (9,715),
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Three prison guards were arrested concerning the murder of 41-year-old Turkish Cypriot Tansu Cidan, who was brutally beaten to death in Nicosia Central Prisons on 27 October. Reports suggest the arrests came after CCTV footage showed that the prison guards were not performing their duties properly during the incident. The three guards were to appear
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As long as the Cyprus problem remains unresolved, it will continue to threaten peace and security in Europe; President Nicos Anastasiades told France’s Emmanuel Macron. He presented proposals which could form the basis for an initiative on the Cyprus issue. According to the Cyprus Presidency, Anastasiades informed President Macron about the latest developments in the
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