Tesla is showing its resilience in the electric vehicle market by sustaining the number of deliveries during a period when the market has been affected by parts shortage and challenging economic conditions. However, the American EV giant is also facing significant competition from traditional manufacturers that are venturing into the EV sector as part of
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Family businesses must evolve to continue being the backbone of Cyprus’ economy, shake off the coronavirus pandemic and deal with the impact of the war in Ukraine. Family firms in Cyprus, accounting for over 90% of businesses, are responsible for job creation and driving the economy. It is higher than the rate of 60% recorded
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Ukraine’s decision on 11 May to stop some Russian gas flows to Europe has sent shivers down the markets. This happened at an entry point on Ukraine’s eastern border called Sokhranovka, which normally handles about 8% of Russian gas supplies to Europe. Gazprom said that it continued to supply gas through Ukraine, but it was
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In the news recently, you may have seen that certain Italian villages are offering their properties for sale for as little as one euro. These communities are out of the way villages and not so much sought after areas of Italy that are suffering from the migration of the locals to larger cities in Italy
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The National Guard has called for the police to assist in their investigation of the fatal accident that killed a young female corporal at a military camp in Kornos, Larnaca. Corporal Natalie Neophytou, 27, was killed after an army jeep she had been a passenger overturned and landed on her. A cadet and a conscript
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The charity concert to celebrate Queen Elizabeth II’s platinum jubilee has been toned down and relocated to a site within the British Bases, following “the hostile response of a very small minority.” Originally set to take place on June 2 at the ancient site of Curium, the concert will instead be held in Episkopi’s Happy
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Consumer organisations have raised concerns over the hike in prices at the petrol pumps as another increase hits the already worn-out pockets of motorists. Petrol is sold up to seven cents more per litre than a couple of weeks earlier. An additional four cents were added to the price of 95 Octane petrol, pushing the
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Cyprus reported 24 deaths in the weekly Covid bulletin on Friday, raising the death toll since the pandemic started to 1,051, including previous victims backdated to March last year, with nine deaths reported in May. Hospitalisations continued to drop within a week from 60 to 45, critical cases decreased from 16 to six, while intubated
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Cyprus’ services sector is betting on tax incentives to attract talent and promote headquartering to counter the impacts of the war in Ukraine and sanctions on Russian funds and companies. Soon after Russia invaded Ukraine, with the first package of sanctions on Russia imposed, Cyprus lawyers, auditors, and accountants said they had taken a direct
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Nicosia argues that EU-proposed sanctions to ban Russian crude imports will push Cyprus to double-digit inflation. Finance Minister Constantinos Petrides said the oil embargo on Russia, the ban on Russian oil supplies, or Russian energy transportation, discussed by Brussels, will further create inflationary pressures. Asked about the sixth sanctions package, Petrides said Cyprus supported the first
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