Police are investigating how a wild cat, kept as a pet, attacked a three-year-old boy outside an apartment where other kids were attending a birthday party in Yermasoyia, Limassol. The incident happened when, reportedly, a Savannah cat – a hybrid between a domestic cat and a serval wild cat – found its way out of
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Political institutions, including the government and parliament, fail to instil trust among Cypriots as parties gear up for the Presidential Elections in February 2023. According to a recent survey, two institutions that determine the life of Cypriots did not pass the confidence test. The Parliament (Legislative power) was given an overall 2.27 out of five,
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Fatal accidents are rising this year, with 13 people losing their lives on Cyprus roads, increasing 62.5% compared to the same period last year when eight died. The latest victim was a 19-year-old man from Limassol who died on Sunday night after losing control of the car he was driving on the Limassol-Paphos highway near
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Strengthening bilateral relations between EU friends Cyprus and Croatia while supporting Ukraine are key messages for Croatian Prime Minister Andrej Plenković during his landmark official visit. It is the first-ever official visit of a Croatian Prime Minister to Cyprus, celebrating the 30th anniversary of establishing diplomatic relations. “I wish to reaffirm the high importance that my
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By Han Tan, Chief Market Analyst at Exinity Group Given the palpable woes surrounding inflation, markets will be keeping a wary eye on Wednesday’s US CPI release. The median forecast expects an 8.1% headline inflation print for April, which is a moderation from the 8.5% year-on-year jump registered in March. A lower-than-expected CPI print would
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Cases of domestic violence in Cyprus sharply increased by around 33% in 2021 compared to 2020 and 106% compared to pre-coronavirus 2019, according to data provided by the Association for the Prevention of Domestic Violence (SPAVO). In comments to the Cyprus News Agency, SPAVO’s president Dr Andri Andronikou warned the cases reported are merely the
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The ratings of Cyprus’ two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. Fitch expects Hellenic Bank (B/Positive) and Bank of Cyprus (B-/Positive) to progress with their planned disposals and securitisations of impaired loans, which underpins the Positive Outlooks. Fitch recently lowered
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By Jeffrey Halley Mainland China stocks are leading the way higher Wednesday after onflation data showed a benign inflation landscape. Inflation YoY in April climbed to 2.10% (1.8% exp), and Inflation MoM for April increased by 0.40% (0.20% expected). PPI also eased to 8.0% from 8.30% last month. Premier Li continues to make noises about
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The continuous increase of investments that consider Environment, Society, and Governance factors (ESG) has greatly affected the Financial Services sector (Investment Financing & Funding). Recently, the World Economic Forum identified and clearly stated that Sustainable Investing has become the norm and is on the rise, with assets under management having surged from $30.7 trillion in
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The Cabinet on Tuesday approved a bill offering tax incentives to attract talent and promote headquartering in Cyprus. It’s in line with the Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus approved by the Cabinet in October. Finance Minister Constantinos Petrides said the Interior Ministry is expected to table another
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