Economic sentiment in March dropped to a level below that of May last year, due to rising uncertainty among consumers and companies over the war in Ukraine, according to a University of Cyprus survey. The monthly Economic Sentiment Indicator (ESI-CypERC), compiled by the university’s Economics Research Centre, said that despite recovery efforts from Covid during
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By Craig Erlam Equity markets are a little lower on Thursday, as the broad consolidation continues against the backdrop of gradual progress on Ukraine, fluctuating energy prices and inverting yield curves. There’s plenty out there to make us nervous, but at the same time, glimmers of hope after a nightmare start to the year. Talks
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The second humanitarian aid batch to Ukraine is scheduled to be shipped from Cyprus on April 5 via the EU Civil Protection Mechanism, Commissioner for the Citizen Panayiotis Sentonas said. In a written statement, Sentonas says the second humanitarian aid batch includes medicines and medical supplies, shelter equipment, such as sleeping bags and blankets, personal
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Cyprus Telecommunications Authority (Cyta) has launched operations of the ARSINOE optical fibre subsea cable system to boost digital interconnection with the rest of the world. The system, connecting Cyprus with France and Egypt, uses fibre optic technology to provide fast telecommunications services. As Cyta noted, the cable network will prove vital to covering the country’s
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An oil and gas crisis sparked by the Ukraine war may positively affect Cyprus’ exploration program, said Energy Minister Natasa Pilides. She said Cyprus’ gas search is being ramped up after positive contacts in Egypt and Israel. Washington has stressed the renewed importance of the eastern Mediterranean region in the wake of Russia’s invasion of
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Authorities launched a call centre for Ukrainian refugees who may be unaware of the services available to them, such as accommodation, education and healthcare. It follows reports that Ukrainian refugees are not aware of the help provided by the state, as only 10 out of the 9,5000 refugees on the island have applied to stay
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Cyprus is one of the few EU states in which the percentage of residents are citizens of other countries is higher than 10%, coming third after Luxembourg and Malta, according to Eurostat. It is also one of a few countries where the percentage of residents that are citizens of another EU state is higher than
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A Greek dairy producer’s plans to set up shop in Cyprus to make halloumi under its newly acquired status as a Product of Origin is causing unrest among local cheesemakers. According to reports, Hellenic Dairies SA, belonging to the Sarantis family, is planning its arrival in Cyprus, establishing a massive dairy plant to produce halloumi,
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Subscriber base up 30%, 110% growth in mobile subscribers, 14% increase in revenues Cablenet’s revenue in 2021 reached €53.5 mln, a healthy double-digit growth of 14% over 2020, driven, largely, by a significant growth in the overall Cyprus subscriber base, which recorded a 30% increase over the previous year. “Achieving such an industry-leading growth rate,
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An 84 year old woman died of coronavirus in Cyprus on Wednesday, raising the monthly death toll to 63, with new daily cases dropping below the 5,000 level to 4,774, down from Monday’s record 6,494, while hospitalisations remained unchanged at 182. The health ministry said in its Covid bulletin that critical cases increased to 25,
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