Social Entrepreneurship (SE) and the whole ecosystem of the Social Economy are gaining increased momentum as they contribute to the economic development of many European Union states. At the same time, SE contributes to the fight against poverty, social exclusion, the provision of jobs, the response to the energy crisis, and the digital transition; it
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In a case that shocked Cyprus society, an 84-year-old Limassol man was sentenced to seven years in prison for killing his 82-year-old wife with a hammer after a heated argument earlier in June. The Limassol Criminal Court on Wednesday, after the 84-year-old pleaded guilty to the charge of murder, handed him a seven-year jail sentence.
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The construction launch of the EU-backed EuroAsia electricity interconnector has triggered fears among Turkish Cypriots that they are left solely dependent on its notoriously faulty grid. The Turkish Cypriot Energy Efficiency Association, a non-governmental organisation, made up of energy experts in the north, is urging the north to demand from Brussels the right to plug
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The world must condemn Vladimir Putin’s acts of aggression so he can no longer jeopardise global energy and food security, said Erika Olson, US Deputy Assistant Secretary of State for Southern Europe. Olson told the Economist Summit during a live online intervention that the US is proud to stand steadfast in its support for the
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Cyprus’ annual inflation rate hit 9% in September from 9.6% the month before, keeping it below the EU average of 10.9% and the seventh lowest in the bloc. The harmonised consumer prices index rose to 8.1% in the first nine months of this year compared to the same period in 2021, data released by the
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Businesses must improve if they want to exploit the government’s ‘Cyprus Made’ campaign to rebrand the island as a manufacturer of quality goods, said the Chamber of Commerce and Industry. Earlier this week, the Commerce Ministry presented a dedicated ‘Cyprus Made’ label and logo for local products to boost exports. The new branding was presented
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Former Celtic boss Neil Lennon has been axed after just seven months in charge at Omonia Nicosia despite leading the side to the Cup last season and Europa League heroics. After winning only three games, the club sacked Lennon early in the season. Club spokesperson Andreas Demetriou told radio Super Sport FM Wednesday: “We have
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Leading stock exchanges are listing new firms as investors anticipate a return to normalcy, despite the world economy staring at a possible recession as inflation continues to wreak havoc across the markets. Data compiled by Finbold indicates that the five leading global stock exchanges cumulatively listed 459 companies between January and September this year. U.S.-based
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A prudent fiscal stance is necessary to maintain buffers to enable government support to the vulnerable during the current energy crisis, warned Finance Minister Constantinos Petrides. “In this new era, we should take the sustainability of public finances very seriously…because spending will be necessary to support the vulnerable hit by the energy crisis,” Petrides told
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Syrian brothers accused of the double murder of two Russian women they buried in a ditch last year pleaded guilty in a deal with prosecutors for lesser charges. Initially charged with premeditated murder, the main suspect, a 33-year-old Syrian, pleaded guilty to two counts of manslaughter. After a conspiracy charge was withdrawn, his 44-year-old brother
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