Parliament voted through the long overdue package on municipal reforms on Thursday, reducing the number of town halls from 30 to 20, giving local authorities a greater say in town planning and licensing, while achieving economies of scale in public services. The government, which postponed the December municipal elections to allow the three bills to
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Technology has developed so much that it has virtually abolished the traditional way of business decision-making. Entrepreneurs who ‘looked ahead’ and ‘foreseen developments’ have now been replaced by entrepreneurs who utilise the data at their disposal and, through proper processing, make targeted, measurable, and low-risk decisions. Decision Intelligence is a process that combines strategic decision-making
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During the Eurozone crisis, Germany imposed its philosophy of strict austerity on addressing the structural economic problems in the Eurozone. Furthermore, the architecture of the Eurozone was faulty, as was pointed out by Martin Feldstein and others in the 1990s. Despite such warnings, it was erroneously assumed that the market could effectively address all possible
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Cyprus reported four coronavirus deaths on Friday, daily cases inched above the 2,000 marker to 2,114, as the rate of hospitalisations dropped to 137, while critical cases were also down to 30, three less than the previous day. The health ministry said in its Covid bulletin that the latest victims were two men, aged 68
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Stock markets fell across the board Friday and energy prices soared as investors feared the risk of an escalation after Russia attacked the largest nuclear power plant in Ukraine. Europe’s main stock markets plunged more than 3% for much of the day after Asian indices closed sharply lower. Wall Street followed suit, with the Dow
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The European Investment Bank’s €200 mln funding for Cyprus this year is not affected by the crisis triggered when Russia invaded Ukraine, EIB Vice President Lilyana Pavlova said Friday. She said the bank expected to sign funding contracts estimated at €200 mln in 2022. “I don’t think the current situation will affect (the funding operations);
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Ukraine’s Foreign Minister Dmytro Kuleba on Friday accused Russian troops of raping women and backed a call for the creation of a special tribunal to punish Moscow’s aggression. “We have numerous cases of, unfortunately, when Russian soldiers rape women in the Ukrainian cities,” Kuleba told a briefing at London’s Chatham House think-tank. He did not
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Russia’s invasion of Ukraine and subsequent economic sanctions have increased risks to the global economic outlook, Moody’s Investors Service said in a report on Friday, adding that the magnitude of the effects will depend on the length and severity of the crisis. The rating agency said rising prices for commodities from the region, such as
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COVID-19 cases, deaths, and hospitalisations began a slow downward trend after mid-February, according to the National Surveillance Report released Friday. Since February 15, 27,674 cases were diagnosed taking the 14-day cumulative diagnosis rate to 3,116.4 per 100,000 population, compared to 36,018 cases and 4,056.1 per 100,000 for February 1-14. On February 28, 321,419 COVID-19 cases were diagnosed,
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As the conflict between Russia and Ukraine rages, it risks spilling into an unlikely arena -– classrooms and playgrounds in Cyprus, home to a sizable Russian population and a smaller Ukrainian community. Trouble appeared to brew in schools in several cities, but especially Limassol, a seaside magnet on the holiday island and a financial hub
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