Some countries are ranking significantly higher in the share of citizens owning digital assets, as cryptocurrencies move to the mainstream, with more people embracing different assets for various purposes, including investment. According to data acquired by Finbold, about 10.2% of the world population using the internet owns some form of cryptocurrency. As at the end
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Some 85% of Cypriot car buyers would select either a hybrid or electric car the next time they purchase a vehicle, and only 15% would opt for petrol or diesel, according to a European Investment Bank’s (EIB) survey. The second part of the 2021-2022 EIB Climate Survey explores people’s views on climate change in a
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Cyprus reported the first coronavirus death for February on Tuesday, with new daily cases remaining above the 3,000 barrier but dropping to 3,038, while hospitalisations increased to 211 and critical cases retreated to 60. The health minister said in its Covid bulletin that the latest victim of the pandemic was a 77 year old woman,
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The Cyprus Securities and Exchange Commission will bolster its supervisory framework with new technology to keep check of developments in the market, CySEC Chair George Theocharides said. “The pandemic has acted as a catalyst for huge changes in the financial services sector, while the enlarged use of technology has created opportunities and challenges rendering the
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While under occupation and Turkey’s guns are pointed at the National Guard, Cyprus is obligated to be at its highest level of operational readiness by continuously enhancing its defences, said Defence Minister Charalambos Petrides. “We are going forward with steady steps in acquiring new weapons systems which are necessary under the circumstances,” Petrides said in
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Attempts to resume negotiations for a Cyprus settlement and the need to appoint a United Nations envoy were discussed at Tuesday’s meeting between President Nicos Anastasiades and the head of the UN Peacekeeping Force, Colin Stewart. “Participants discussed the effort made by the United Nations to resume the negotiation process and the need to appoint
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Renewable energy sources were 37% of gross electricity consumption in the EU, but Cyprus had the second-lowest share in the bloc with only 12%. The EU average in 2020 went up from 34% in 2019, according to Eurostat data. Cyprus is almost bottom of the list of EU member states, with only 12% of its
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Natural gas will remain an important energy source by 2050, and quantities found off the island could reach markets through a pipeline or by liquefying it for transport by ship, the head of ExxonMobil Cyprus said. ExxonMobil Cyprus lead country manager Varnavas Theodossiou said: “All energy sources remain important” for the next three decades “across
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European airports and the International Air Transport Association (IATA) urge EU governments like Cyprus to lift travel restrictions for fully vaccinated/recovered individuals holding a valid Covid Certificate – under the bloc’s new rules. This new regime launched Tuesday is based on the health status of travellers rather than the epidemiological situation of their country or
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Cyprus has the EU’s highest stock of non-performing loans (assets) of the general government, according to Eurostat data. The share of non-performing loans over the country’s GDP stood at 28.3% in 2020, a far larger share than other EU states. This large percentage is explained by “a large transaction in 2018, whereby non-performing loans from
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