A prolonged increase in prices is ranked by experts as the most likely negative impact on the Cypriot economy, according to a survey by the Competitiveness Council. The “significant and prolonged increase in prices/inflation” has a risk index of 93% and is considered to have a 90% probability of happening and the severity of consequences
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The Health Ministry urged parents of children suffering from kidney disease to keep calm and understand why two doctors were suspended after complaints of medical negligence at Makarios hospital. They were suspended after a 15-year-old girl, Ioanna Skordi, underwent surgery for a kidney transplant in March when doctors found she had tumours. She died a
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More than 1,000 people attended the British Bases Police’s charity football event in Happy Valley to raise money for the Pancyprian Anticancer Society and vulnerable members of the communities. Working alongside the Cyprus Football Association, various local academies took part, including Apollon Limassol, AEL, Paphos FC, Yeroskipou FC and Juventus. With MPs and community leaders
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Cypriot households using central heating to keep warm will need around €500 more than last year to heat their homes this winter as fuel prices rise. Pump prices increased by an average of three cents in a week after the price per barrel on the market exceeded $90. The average price of unleaded 95 Octane
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By Craig Erlam Asian stocks were flashing green on the second day of trading, while Europe opened in a similarly positive manner as sentiment continues to improve, albeit from very low levels. There’s still a strong feeling of a bear market rally about trading over the course of the last week. From the post-US-inflation rebound
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Jeremy Hunt’s emergency measures to calm financial markets “will only work temporarily” as Prime Minister Liz Truss faces a leadership battle which will trigger more uncertainty, the CEO of a leading financial advisory and fintech has warned. “Jeremy Hunt has ripped up almost every policy on which Liz Truss was elected just weeks ago to
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Cyprus malls have escaped unscathed from the effects of hiking inflation rates, with their turnover setting new records. Stakeholders report that an influx of tourists compared to two years of coronavirus has boosted their revenues, making up for the cost increase. In comments to Stockwatch, the head of the Cyprus Retailers Association (PASYLE), Marios Antoniou,
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Cyprus Telecommunication Authority (Cyta) can boast it offers the fastest mobile internet in Europe, as Ookla awarded its Cytamobile-Vodafone network for a second year. “The fastest mobile internet network in Europe” award was handed to Cyta as part of the Speedtest Awards™ organised by independent company Ookla, a world leader in internet testing and analysis.
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Cypriots are at a lower risk of falling into poverty or social exclusion than their fellow Europeans, with the rate dropping to 17.3% in 2021, compared to the EU’s average of 21.7%. On the occasion of the International Day for the Eradication of Poverty, the Statistical Service published an Infographic on “Poverty or Social Exclusion
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By Craig Erlam Another turbulent start to the week, albeit a positive one broadly speaking, with equity markets around 1% higher in Europe after a decent start to the week in Asia. Since Liz Truss became UK Prime Minister, uneventful days have eluded us and this week also got off to another hectic start. While
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