Sales of passenger saloon cars in the first 10 months dropped to their lowest level since 2015, according to data released Tuesday. The energy crisis, rising pump prices, and long delays in vehicle deliveries are affecting the car market. Total vehicle sales dropped significantly in October compared to last year due to the steep drop
More
Cyprus and Jordan unveiled a tourism collaboration scenario at the World Travel Market in London. Tourism Minister Savvas Perdios and his Jordanian counterpart Nayef al-Fayez spoke of their shared goal to attract more international visitors to the region. Perdios argued that the common elements of the two countries and sufficient air connectivity allow them to
More
A few PwC partners have launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four audit firms will no longer touch, according to the Financial Times. PwC has operated a “sanctioned anywhere, sanctioned everywhere” policy globally since shortly after Russia’s full-scale invasion of Ukraine in February, going beyond
More
Health Minister Michalis Hadjipantela revealed that more than €200 mln was spent since 2020 to tackle the COVID-19 pandemic. According to Hadjipantela, the biggest expenditure was the purchase of vaccines and medicines against COVID-19. Another large amount went on rapid tests and services for rapid and molecular tests, private sector services to treat positive cases
More
Archbishop Chrysostomos II’s funeral will be held on Saturday, following a six-day mourning period, as the Church leader will lay in state and the search for his successor begins. The head of the Cyprus Orthodox Church died on Monday, aged 81, after a four-year fight against cancer. His funeral is to be held at the
More
Finance Minister Constantinos Petrides believes Cyprus can tackle the new risks and challenges stemming from the war in Ukraine and soaring inflationary pressures. He was addressing the 8th International Funds Summit and Expo. The summit in Nicosia attracts more than 500 delegates from all over the world to discuss the latest trends and developments. Petrides
More
Greece and Cyprus’ Foreign Ministers agreed that Turkey’s ‘revisionist policy’ and ‘absurdity’ had become an everyday phenomenon in its relations with the two EU countries. Greek Foreign MinisterNicos Dendias and Cypriot counterpart Ioannis Kasoulides met Monday in Athens. Dendias said Greece would continue to stand by Cyprus, and Turkey’s “provocations” do not discourage Athens, which
More
The soaring cost of living and higher interest rates are taking their toll on the construction industry, as building permits dropped in the first eight months of the year. According to data from the Cyprus Statistical Services, from January – August, 5,031 building permits were issued compared to 5,240 in the same period last year,
More
An increase in new COVID-19 cases and hospitalisations have prompted Health Minister Michalis Hadjipantela to call an extraordinary meeting with government advisors on the pandemic. Hadjipantela said in light of the COVID cases pushing up; he will meet scientists on Wednesday to assess the course of the pandemic and possible measures to prevent the further
More
Cyprus is hit by a low-pressure weather system, dubbed Eva, as the Met Office issues a Yellow Warning for heavy thunderstorms on Monday. The extreme weather warning is in place until 8 pm. Heavy rain is expected to fall at 35 to 50 mm per hour, while hail is possible, according to the Met Office.
More
