Cyprus has joined forces with 16 other EU states for a series of initiatives to attract top technology talent from third countries as it courts more Big Tech and Fintech firms. Invest Cyprus, the agency spearheading efforts to draw foreign investments said a US multinational with a large operational base in Lebanon is on its
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There is a Catch-22 when seeking high-paid jobs, especially in Limassol, where exorbitant rents are a turn-off. This results in people having second thoughts when considering a career move to the fast-paced cosmopolitan town, especially those seeking a job in the non-forex sectors. Market forces determine the disparities in the jobs sector, and there is
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Cyprus reported four coronavirus deaths on Saturday, with daily cases falling to 1,764, while hospitalisations dropped to 160, of whom 37 were critical. The Health Ministry said in its Covid bulletin the latest victims were three men and one woman aged between 75 and 90 – raising the February death toll to 65 and 823
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The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art, and people wanted to know who they were. Under the pseudonyms “Gargamel” and “Gordon Goner”, they created the “Bored Ape Yacht Club”, a collection of 10,000 cartoons of apes with various hairstyles and outfits. They
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By Roland Jackson Britain’s NatWest bank said Friday that it surged back into annual profit last year as the economy recovered from Covid, and forecast it stands to gain from rising interest rates. The lender, which is majority-owned by the government, said in a statement that net profit hit £2.95 bln (€3.5 bln) in 2021.
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Cyprus tourism stakeholders are upbeat over the prospects of the holiday season, with the island’s two largest markets, Britain and Russia, booking a return. In comments to the Financial Mirror, Deputy Minister of Tourism Savvas Perdios confirmed the government has received optimistic messages about heightened UK and Russia interest. Perdios recently went to Moscow to
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One of the most recently odd things about real estate is the insurance scam, leaving many people uninsured. It brought the attention of some of MPs, but nothing has happened since then, nor do I expect anything to, but it is good for the public to know. Co-signing somebody else’s bank loan as a guarantor
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Developments in the global economy, the effects of the pandemic and the collapse of the “state of corruption” call for a new model of economic development for Cyprus. The state has an important and substantial role in shaping the economy. It needs to facilitate growth by ensuring a healthy business environment and setting a strategy
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Cyprus reported five new coronavirus deaths on Friday, with new cases rising again to 2,304, while hospitalisations inched up to 170, of whom 41 were critical. The Health Ministry said in its Covid bulletin that the latest victims were two men aged 72 and 92, and three women – 51, 79 and 87 – raising
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Stock markets retreated on Friday at the end of a highly volatile week rocked by twists and turns in the Ukraine crisis and concerns about interest rate hikes. Asia’s main equity markets closed lower after a steep drop on Wall Street Thursday fuelled by renewed fears that Russia would soon invade Ukraine, adding to long-running angst
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