Growing discontent in the north over the worsening economy forced hundreds of Turkish Cypriots to take to the streets as a crashing Lira has diminished their purchasing power amid an inflation spike. On Tuesday, hundreds of Turkish Cypriots participated in a demo called by a union platform of 14 organisations representing teachers, civil servants and
More
Bitcoin is likely to record its worst monthly performance since May, but you should “ignore the crypto deniers” if you want to seriously build your wealth for the long term, warns the CEO of a global financial giant. The warning from Nigel Green of deVere Group comes amid a cryptocurrency slump that’s triggered the world’s
More
Cyprus may have avoided a fourth lockdown as the government tightened COVID-19 rules, but stricter measures may soon be imposed as Omicron fuels record infections. New Year’s Eve celebrations will be muted after the government banned dancing and ordered bar, restaurant, reception hall and nightclub patrons to remain seated amid three consecutive record daily cases.
More
Cyprus Met Office issued a yellow alert for heavy rainfall and storms until New Year’s Eve. The alert was effective at 5.00 am on Thursday until 4 pm on Friday, New Year’s Eve, with the Met Office warning: “A combination of locally prolonged and temporarily heavy rain is expected to affect the island”. According to
More
The Cyprus government will continue to supply the Turkish-occupied north with electricity until 4 January to prevent power outages. CNA said that a request was made on Wednesday after the previous agreement between the Republic and the Turkish Cypriots expired. The Republic supplied between 30-35 megawatt of electricity daily from 23-28 December between 1600 and 2130
More
Cyprus introduced new measures to restrict the coronavirus spread as daily cases soared to an unprecedented 3,002 on Wednesday, including further controls at airports, a higher rate of people to work from home, banning unvaccinated from venues and masks to be worn at all public areas, indoor or outdoor. Fearing protests from fans, attendance at
More
Coronavirus infections soared to a new daily record for the third day in a row in Cyprus with 3,002 cases and five deaths on Wednesday, as the government prepares to introduce stricter measures in an effort to control the Covid-19 spread during the New Year holidays. The health ministry said in its daily bulletin that
More
A 17-year-old who accidentally shot his father in the head in a hunting accident has been arrested by police and taken to be evaluated by a state psychologist. The family tragedy unfolded on Wednesday when the victim took his teenage son on a hunting excursion near Souni in the Limassol district. The incident occurred a
More
A decision by Cyprus’ two largest lenders, Bank of Cyprus and Hellenic, to impose new charges has sparked a customer backlash, as it is the second time in two years, they made significant increases. Bank of Cyprus has decided to double the charge for a current account from €6 every three months to €12 every
More
Cyprus will introduce a national minimum wage next year, as social partners are set to agree on the monthly income for workers that could be closer to €1,000 a month. According to the news site Stockwatch, the minimum wage will be above the monthly salary of €924, set for some occupations, but employers are still
More
