The pro-Turkey ruling National Unity Party (UBP) was the victor of the general election held in the Turkish occupied north on Sunday, as it garnered almost 40% of the vote. With all 763 ballots now counted, UBP was declared the victor as it gained 39.54% of the vote and 24 out of 50 assembly seats,
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A cold front called Elpis will continue to affect the island until Thursday, bringing more snow, much to the delight of excursionists, but also prolonged thunderstorms. Since Saturday, the low-pressure weather system bringing colder temperatures has created heavy snowfall dressing the mountains in white, reaching lower laying villages in Nicosia, Limassol and Paphos. However, thunderstorms
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The Cyprus Shipping Deputy Ministry has issued a €3.35 mln tender for its digital transformation to provide a one-stop-shop environment for the maritime sector. The tender submissions will close at noon on March 7, and the bids will be opened 30 minutes later. The project is co-financed by the European Union under the NextGenerationEU programme.
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In Cyprus, annual residential property prices continued to rise 1.2% in the third quarter of 2021, primarily driven by apartment purchases. This is according to the Central Bank of Cyprus (CBC) Residential Property Price Index. The Index recorded a quarterly increase of 0.5% compared to 0.3% in Q2 2021. On an annual basis, it registered
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Despite a teachers’ pushback, the “test to stay” policy was introduced in schools on Monday to keep classrooms going safely where positive cases are found. Students found to be close contacts of known COVID-19 cases have to undergo daily tests for six days if they want to remain in classrooms, effectively ending compulsory quarantine. Under
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By Hussein Sayed, Chief Market Strategist at Exinity Last week was painful for investors, especially those with portfolios heavily tilted towards tech stocks and speculative assets like cryptocurrencies. The S&P 500 declined 5.7%, notching its third straight weekly loss, and closed below its 200-day moving average. Losses in the Nasdaq Composite deepened further after the
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A military exercise of naval cooperation (PASSEX) took place off the coast of Larnaca with a frigate of the French Navy, the Cyprus Defence Ministry confirmed. A statement by the Defence Ministry said the exercise, code-named “CYP/FRA-01/2022”, took place on 21 January. It fell under the Programme of Bilateral Defence Cooperation between Cyprus and France
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Cyprus reported three coronavirus deaths on Sunday, rising to 74 for January which is fast becoming the deadliest month on record, as new daily cases remained below 2,000 for the second day in a row and hospitalisations dropped further. The health ministry said in its Covid bulletin that the latest victims were three women aged
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A wave of feeling across Europe, more infectious than coronavirus, wants to declare the pandemic over and be treated like the common cold. COVID-19 would be downgraded from a global killer virus to the seasonal sniffles you have to live with by taking medication that doesn’t work. There are growing calls in Europe for coronavirus
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When economies are struggling to recover from the coronavirus pandemic, especially Cyprus, overwhelmingly relies on services, tourism and exports, hiking tariffs at the Limassol port monopoly is plain stupid. The alternative port of Larnaca has started the transition process of upgrading and developing the marina under its new management, so the port operators in Limassol
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