Trade through the Green Line could hit an all-time high this year, breaking 2008’s record when close to €8 mln worth of products crossed the divide, but it’s way below potential. The World Bank told the Financial Mirror that the Green Line Regulation was not as successful as hoped due to red tape procedures and
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Since 1980 we have been writing about issues concerning the construction industry, and in our approximately 1,500 English articles, we tackled the problems expressing our suggestions for their correction. In recent months, the problem of high rents has appeared in the media, which in addition to the social problem they cause, now has numerous side
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The statement by the so-called minister of foreign affairs, Tahsin Ertugruloglu, in the Turkish daily Hurriyet, could be characterised as an ultimatum, as he gave a month’s notice to UNFICYP to agree to a separate agreement with the ‘TRNC’, seeking recognition for the illegal regime. In the negative, he stressed, UNFICYP would have to withdraw
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Cyprus launches milestone EU electricity highway Europe is at the centre of an unfolding energy crisis and nearly ten years after the previous energy crisis, at the time prompted by Russia’s occupation of Crimea, the Union is turning inward to a connected internal market, its most senior energy official said. A bright light within this
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Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances, and creating polarised communities. A bit dramatic? Let’s see. According to the latest census, the population in the government-controlled areas of Cyprus rose to 918,100 in 2021, up 9.2% from 840,000 ten years ago. Anecdotal evidence suggests the increase is higher,
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Omonia Nicosia are heartbroken after Thursday’s 1-0 defeat to Manchester United at Old Trafford, losing to a 93rd-minute goal by Scott McTominay, depriving them of the “greatest result” in their history. Incredible defending until well into stoppage time, 23-year-old keeper Francis Uzoho, pulling off the best performance of his career, kept United at bay. But
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Chancellor Kwasi Kwarteng’s sacking and PM Liz Truss’s U-turn on corporation tax will not be enough to calm markets and restore investor confidence, the CEO of a leading financial advisory and fintech has warned. Truss quickly appointed former health secretary Jeremy Hunt as the new Chancellor, confidently declaring that, “parts of our mini-Budget went further
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Half of Cyprus’ children aged seven to nine are obese, with the island holding one of the highest childhood obesity rates in the EU. This was the data given to MPs during Thursday’s session at the House Health Committee. Data from surveys presented before the House revealed that in 2020, 49% of children aged seven
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Annual average gross monthly earnings of employees in 2021 increased by 3.2% to €2,067, reaching a decade high. In monetary terms, the average gross monthly earnings have increased by 3.2% compared to the previous year. However, in real terms (using the Consumer Price Index), the increase is 0.7%. The median gross monthly earnings of employees
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The crashing pound has hit the nearly 5 mln British expats around the world, many of whom affected disproportionately hard, a senior executive at a leading financial advisory and fintech has warned. The pound collapsed to its lowest-ever level against the U.S. dollar in recent weeks, and has fallen, too, against the euro and other
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