In March, thousands of British tourists returned to the island for a holiday break, helping arrivals recover to their best level in three COVID-affected years. Arrivals from the United Kingdom – the island’s largest market – were the main source of tourism in March, with a share of 34.8% (44,829), the Cyprus statistical service said
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At Thursday’s “Stelios Bi-Communal Awards for Business Co-operation 2022”, Sir Stelios Haji-Ioannou awarded 10 bi-communal teams, 10 Greek Cypriot and 10 Turkish Cypriot business people, with the cash prize of €10,000. Participation in the Bi-communal Business Co-operation Awards exceeded all expectations, as 58 groups of Greek and Turkish Cypriots (116 participants in total) submitted their
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Cyprus has enough wheat for human consumption to last for at least another three months despite shortages created in supply due to the Ukraine war, Agriculture Minister Costas Kadis said. Difficulties have emerged in the global supply chain because of the Russian invasion of Ukraine and international sanctions against Moscow. Kadis met flour manufacturers and
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A 34-year-old man was arrested at Larnaca airport on suspicion of drug trafficking after 3.6 kilos of cocaine were found in his luggage, police said. According to police, at “around 10 pm on Wednesday, the suspect arrived at Larnaca airport from abroad”. Officers from the drug squad and the customs department inspected stopped the 34-year-old
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A dinghy carrying 25 irregular migrants was spotted off the Paphos coast on Thursday and escorted to shore. Authorities and emergency services were alerted of a new arrival of migrants when an inflatable boat with 25 men, women and children was seen sailing off the Gulf of Polis Chrysochous. Police believed the boat had departed
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By Jeffrey Halley Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too late to save OTC trading on Wall Street from a sideways day, but post-close extended trading has allowed the FOMO gnomes, always on
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By Craig Erlam A little bit of positivity seems to have returned to the markets on Wednesday, but there’s still plenty of underlying unease amid a mixed bag of earnings and rising uncertainty. Earnings season will continue to be a core focus for investors, despite the wide array of factors that have been dominating market
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President Nicos Anastasiades arrived on Wednesday in Tallinn, Estonia, for a two-day official visit to sign a digital governance and cyber security agreement. Government spokesman Marios Pelekanos said the President would have meetings with the leadership of Estonia to discuss the Cyprus problem, Ukraine, the migration issue, energy security, EU-Turkey relations, green and the digital
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By Jeffrey Halley The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China’s slowdown fears grabbed centre-stage. The economic ripples of the Ukraine conflict are back on the front pages. Equity markets overnight took fright at ominous comments from Russian officials around
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Cyprus acts as a bridge of communication between the Middle East and Europe in cybersecurity, Defence Minister Charalambos Petrides said on Wednesday. In remarks came on the sidelines of a seminar “on the role of the EU Cyber Ecosystem in Global Cyber Security Stability” co-organised by the Ministry of Defence Security and Defence Academy and the
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