US Ambassador Judy Garber believes Cyprus is moving in the right direction as an investment destination and bilateral ties with Washington. Garber was a keynote speaker at the “Investment Realized” forum organised by Ernst & Young in Limassol. During the Forum, the survey on the attractiveness of Cyprus as an investment destination was unveiled. The
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Greek Cypriot farmers have protested a new incident of harassment by Turkish troops in the UN-controlled buffer zone outside Nicosia. The community leader of Denia, in Nicosia district, Christakis Panayiotou, protested a new heated exchange Tuesday between Greek Cypriot farmers and Turkish soldiers. He said the Foreign Ministry and the National Guard have been notified
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British Bases Police in Dhekelia confirmed that 14 arrests were made in as many days in October for driving under the influence of drugs or alcohol. These statistics have led to increased police patrols in ‘hot-spot’ areas within the Bases, and according to Superintendent Panicos Panayi, this reckless behaviour will not be tolerated. He revealed
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The shipping sector is one of the most important to the international economy and is among those heavily affected by the pandemic and the war in Ukraine. At the same time, the sector’s adaptation to the requirements of criteria related to the Environment, Society and Corporate Governance (ESG) is becoming more imperative. The executives of
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Europe’s top rights court found no fault with Cyprus’ use of a conspirator-turned-informant to convict four people for the 2010 murder of media magnate Andis Hadjicostis. Grigoris Xenofontos, Anastasis Krasopoulis and Elli Skordelli complained to the European Court of Human Rights that the testimony of the group’s getaway driver, Theophanis Hadjigeorgiou, was not used in
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The EU must strengthen its raw material security quickly by creating a strategic stockpile system to protect the continent from the risk of blackmail by strategic suppliers, according to officials and mining experts. Europe is seeking to reduce dependency in the medium term through new, EU-funded exploration. These were the conclusions of a conference on
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By Lukman Otunuga, Senior Research Analyst at FXTM European markets edged cautiously higher on Tuesday as investors digested upbeat corporate earnings and news that Rishi Sunak replaced Liz Truss as U.K. prime minister. The latest German IFO Business Climate Index supported sentiment by showing some signs of stabilisation, albeit at low levels. Most Asian shares
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Most fatal work-related accidents in Cyprus take place in the Construction sector due to a fall from height, according to an official study. The study investigates all work-related accidents over 20 years in Cyprus from 1999 to 2020. According to the researchers, the goal is to use the survey’s findings to “explore our knowledge and better understand
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Increased interest revenue from monetary policy normalisation should not overshadow Cypriot banks’ structural vulnerabilities, argued Cyprus Central Bank governor Constantinos Herodotou. Speaking to MPs, Herodotou said Cypriot banks are expected to significantly increase interest income due to the European Central Bank’s interest rate hikes. “This significant increase in income should not overshadow or hide structural
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Cypriots buy fewer goods online than their European counterparts but use internet banking and social media much more. Some 54% of the Cyprus population and 67% of the EU (16-74 years old) ordered goods or services over the internet last year, according to Eurostat data. According to the data, a higher 65% in Cyprus, against
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