The police are in the spotlight again, with accusations of foul play in the investigation of recent murders, the lack of thorough work in earlier cases and a general absence of officers in blue from public view. No doubt, detectives did not do their work properly in the past and relied on outdated methods, while
More
UK expat retirees on the island have seen their purchasing power dwindle by hiking inflation and energy costs and the slump in the British pound eating away at their pension. The pound fell further against the dollar on Friday as concern over the UK government’s tax-cutting fiscal plans continued to grip markets. Sterling extended its
More
We need to clarify from the very beginning that it was not really a collapse but a small-scale financial turmoil, most of which has passed, including the drama of the Bank of England having to intervene. The pound dropped by less than 10%, and long yields rose by about half a percent. And all of
More
Cyprus will not be seriously affected by an energy supply crunch tied to the war in Ukraine threatening to cause widespread blackouts across the European Union this winter, say analysts. Nevertheless, as market players state, high fuel prices continue to plague the business sector, especially those that have accumulated problems on their balance sheet during
More
It is a given that Larnaca has so far seen the least growth of the towns, both in the commercial and tourist sectors. Also noteworthy are the Mayor/Municipality of Larnaca’s continuous efforts to upgrade the city with various infrastructure projects, landscaping, and highlighting antiquities. The new local plan of Larnaca introduces several new development elements.
More
EU leaders on Friday met in Prague in a bid to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia’s war on Ukraine, with no white smoke emerging. Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in
More
Cyprus expects its natural gas to become commercially available by 2027, its energy minister said on Friday, adding that Europe’s energy crisis puts a renewed focus on expediting reserves in the eastern Mediterranean. Nicosia reported its first find in 2011 and its most recent in August. However, quantities have yet to be extracted. “With the
More
Cyprus is ranked 37, dropping two places, among 117 countries in the Digital Quality of Life Index (DQL), while also classified as one of the countries with the most expensive internet. The island dropped two spots on the DQL report in 2022, compared to 2021, while it is down the table at 51 for the
More
Over the past week, Cyprus’ COVID deaths and cases edged up as health authorities reported five more coronavirus victims and 2,789 new infections. Hospitalisations remained stable at 44, down three from last week, while critical cases increased from two to four. The Health Ministry said in its weekly Covid report there is only one intubated
More
An accelerated increase in house prices was recorded in the second quarter of 2022, mainly due to rising construction costs, the Central Bank of Cyprus said in its quarterly property report. The Central Bank House Price Index (CPI) for houses and apartments showed an increase in Q2, registering a quarterly increase of 1.7% compared to 1.1%
More
