The Agriculture Ministry is in consultation with all stakeholders to propose a set of changes to the European Commission that will allow for some flexibility in the halloumi PDO file, including a transitionary period where variations of the cheese products may be placed together on store shelves. The traditional halloumi secured the EU’s protected designation
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The real estate market is back on track following the pandemic and demise of the Citizenship for investment scheme, as property sales in January exceeded those in the same month in pre-COVID 2019. According to the Land Registry data, sales documents submitted in January 2022 rose to 855 from 513 in January 2021, up 66.7%.
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A Cyprus court Friday launched official extradition proceedings of a Chinese mother and son linked to US-lobby groups despite defence objections over lack of documentation. The extradition hearing at Paphos district court starts on 2 March, when the prosecution will present its first witnesses. Defence lawyer Efstathios Efstathiou had called on the court to dismiss
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January was the deadliest month since the pandemic started in March 2020, with 96 deaths attributed to COVID-19; the majority were unvaccinated older people, the Health Ministry said Friday. January surpassed the previous record in August when 95 COVID-19 deaths were recorded. It was followed by December 2020 with 90 deaths, January 2021 with 86
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Cyprus police have arrested six men in connection with the gang-related murder of 53-year-old Andreas Evangelou, who was gunned down outside his Larnaca home in December. Police said six men were arrested during a large operation carried out in Larnaca between 11 pm and midnight Thursday. According to police, three men aged 19, 23 and
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Interior Minister Nicos Nouris has asked for EU sanctions against Turkish airlines that systematically carry irregular migrants to Turkish-occupied Cyprus, crossing the divide into the republic. Nouris supported the need for active and generous support to third countries so that they can keep their nationals at home, adding that Frontex should undertake an active role
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Environmentalists have welcomed an outright ban on shops offering plastic bags from February 2023 and the immediate prohibition of oxo-degradable bags. They argue the ban on plastic carrier bags provided by supermarkets and kiosks came at the right time as Cypriots reverted to picking up bags at shops, leaving their reusable ones at home. According
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Total new bank loans in Cyprus increased by 22.2% in 2021 compared to the previous year, coming close to the levels of pre-coronavirus 2019, with deposits also taking off. According to the Central Bank of Cyprus (CBC) data, new loans in 2021 reached €2.9 bln, up from €2.4 bln in 2020, an increase of 22.2%.
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In a fast-changing, global economic environment, non-fungible tokens (NFTs), backed by blockchain technology, emerged to disrupt how our world creates, perceives, and transfers value. Features such as transparency, improved liquidity of assets, transactions traceability, and proof of ownership are of paramount importance across industries in today’s market. All the above contributed to the rapid development
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Investors seem to be topping up their portfolios with stocks as inflation expectations cool for the rest of 2022, and central banks, such as the Bank of England, the U.S. Federal Reserve, and the European Central Bank, take tough decisions on interest rates to tame soaring prices. With headline inflation rising by the end of
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