Cyprus airports operator, Hermes, said it is offended by criticism over the extension of the 25-year concession agreement for Larnaca and Paphos airports. Hermes argues that the state has been rewarded €500 mln from the concession fee, calculated on the company’s gross revenues and not profit. It was the first public comment in a quarrel
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The Health Ministry has warned the public that a mosquito variety called Aedes aegypti, also known as the yellow fever mosquito, has been found in Cyprus, mainly in Dromolaxia, near Larnaca. Aedes aegypti is a mosquito that can spread dengue fever, chikungunya, Zika fever, Mayaro and yellow fever viruses, and other disease agents. It can
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Greek Cypriot students studying in Nicosia are resorting to renting apartments in the Turkish-occupied north, as they can’t afford accommodation in the capital, claimed an MP. At the House Education Committee, centrist DIPA MP Alekos Tryfonides said he had met Greek Cypriot students choosing to live in the north as they can’t afford to rent
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JetBrains, the Czech tech company that develops tools for software developers and project managers, has announced ambitious plans to create a hub in Cyprus. The company has relocated more than 220 staff members to offices in Paphos and Limassol and hopes to create another 80 jobs. They join a burgeoning number of tech firms moving
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Business leaders warn the island’s tourism will suffer collateral damage from a quarrel between the government and Cyprus airports operator Hermes over expansion work. The row intensified with the Auditor General’s intervention, hinting that the government was rewarding the airports operators with an extension of the concession agreement while the latter has not fulfilled its
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The 9th UNECE Ministerial Conference for the Environment for Europe on 5-7 October is probably the largest high-level summit ever hosted in Cyprus, said Education Minister Prodromos Prodromou. He and fellow Agriculture Minister Costas Kadis stressed the importance of hosting the summit for the first time in Cyprus and the wider Mediterranean region. The UN
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Turkish President Tayyip Erdogan warned that Turkey would reinforce its military presence in the occupied north after the United States lifted its arms embargo on Cyprus. In a televised interview with broadcaster CNN Turk, Erdogan said lifting the defence restrictions was “inexplicable in terms of content and timing.” Earlier this month, the US State Department
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Some 15 Griffon vultures from Spain have been released into the wild to help replenish the island’s population, which dropped to around 10 birds because of deliberate poisoning, conservationists said. The team working on the LIFE with Vultures CY project said the vultures were released in two groups after being brought over a year ago
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The pension gap between UK men and women stands at 34%, according to a recent survey by TradingPlatforms.com with the data also showing a lack of financial education for the gap. TradingPlatforms’ finance expert Edith Reads has been studying the data on the gender gap in UK pensions and concludes that the average woman in
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Cyprus’ policy to provide incentives and tax breaks to high-tech companies are gaining traction, as 7,000 work permits have been granted to those with highly specialised skills. Evgenios Evgeniou, President of the Investment Promotion Agency (Invest Cyprus), said Cyprus had enacted a series of tax breaks to attract high-tech firms. “The number of work permits
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