Limassol avoided a tragedy this week when a pedestrian, hearing the loud noise from a balcony breaking off a condemned building, jumped away in time and narrowly escaped with scratches and light injuries. This is not the first time chunks of poorly-built buildings are falling off. An old house, which should have been abandoned, collapsed
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Vladimir Putin, the architect of the war in Ukraine, is taking his anger out on civilians and the country’s major energy infrastructure, firing scores of missiles at major cities, killing dozens and wounding more. He took vengeance for blowing up the Kerch bridge two weeks ago on multistorey residential buildings in Kyiv, Mykolaiv and Kharkiv.
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Six out of ten Cypriots feel the country is getting worse, with more than 70% saying they can’t make ends meet, according to a CyBC opinion poll. And 62% of participants thought the country was not moving in the right direction, with 26% citing the rising cost of living as the biggest problem. Just 13%
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About two months ago, I wrote an article about the problem that exists at the entrance of Nicosia, which is growing over time. In addition to the increase in vehicular traffic, we have the matter of the expected new developments served by the same highway. Apart from the new Jumbo at the Ikea/Mall of Cyprus
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The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year has made buying a house impossible, with the average sale around €350,000. Stakeholders are warning that with the rate of house building rising, and if corrective measures are not taken, the
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British expats who have lived abroad for many years often remain UK domiciled and liable to UK Inheritance Tax (IHT). The rate of tax might be considered penal. It is currently 40% of the total value of the estate of a deceased after the exemptions. It is an additional tax payable on capital accumulated during
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Foreign Minister Ioannis Kasoulides has strongly protested to the head of the UN Peacekeeping Force in Cyprus (UNFICYP), Colin Stewart, for what Nicosia perceives as mission derailment. In a Friday statement, the Foreign Ministry said that representations were made by telephone since Stewart couldn’t attend a meeting. Kasoulides expressed the Greek Cypriot side’s “strong discomfort
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The Cyprus Securities and Exchange Commission (CySEC) has granted cryptocurrency exchange Binance Class 3 registration as a crypto asset services provider. Following in the footsteps of rival crypto exchange FTX, which set up a Cypriot entity in March, Binance is now permitted to offer spot, custody, staking and card services in compliance with CySEC’s anti-money-laundering
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By Craig Erlam Stock markets turned red again on Friday after spending the earlier part of the week in recovery mode, with yields around the world once again on the rise. The recovery never looked sustainable and that’s how it’s proving to be. There is still huge uncertainty over the economy, inflation and where interest
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Omonia Nicosia was quick to replace former Celtic boss Neil Lennon who was axed this week, after just seven months in charge, with Belgian coach Yannick Ferrera. On Friday, Omonia announced the hiring of the 42-year-old Belgian coach with a contract until the summer of 2024. “We welcome Mr Yannick Ferrera to the OMONIA family
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