Cyprus’ tourism is confident of building on this year’s healthy 175% increase in arrivals compared to a dismal 2020 when the coronavirus pandemic brought the industry to its knees. Presenting the work of his ministry this year, Deputy Tourism Minister Savvas Perdios said that stakeholders are targeting a rebound by 2024. He said the Mediterranean
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An article in the FT pointed out that in the UK, one recent study estimated that 54% of electricity supply is lost before power reaches the consumer because of the inadequacies of the distribution network. It also stated that as much as 68% of the energy produced in the US is wasted. As the FT pointed out,
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Averof Neophytou, the ruling party chair, raised the issue of minimum guaranteed income in parliament earlier this week, which is currently at €500 per month for people who have no source of income. Neophytou pointed out this was a measure implemented by his government after the unprecedented bailout in 2013 and followed the collapse of
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Cyprus Central Bank does not believe the emergence of Omicron will be enough to derail the country from its economic recovery in the medium term. The Central Bank said Friday that uncertainty over the emergence of the Omicron variant is still significant and is related to the transmissibility of the virus, its ability to evade
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In recent years residential rents have shown a noticeable increase, especially those in the town centres, with special regard to those close to universities and colleges. Rents are determined in a free market by demand and supply, bearing in mind the investors’ demand regarding the returns (which is a percentage of the acquisition cost). A
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Cyprus reported one coronavirus death on Friday and an increase in both new daily cases and hospitalisations, to 695 and 171 respectively, with authorities confirming the presence of 28 cases of the Omicron variant on the island. The health ministry said a 62 year old woman was the latest victim of the pandemic, raising the
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Cyprus is calling for increased naval cooperation and permission for onboard security to combat the scourge of maritime piracy, following an increase in attacks in the Gulf of Guinea. Deputy Shipping Minister Vassilis Demetriades said that international initiatives should combat piracy, adding that the phenomenon constitutes a menace for shipping and commercial vessels. Six crew
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The first phase of a ‘generous’ incentive scheme worth €30 mln to convince motorists to go electric comes into play on Monday, the Transport Ministry said. Authorities are launching what they term an ‘attractive’ €10,000 incentive package to encourage motorists to scrap their old petrol cars for a new, environmentally-friendly electric one. Of the initial
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The first 130 children aged between five and 11 got their first dose of a COVID-19 vaccine on Friday as Cyprus buffers against a surge of COVID-19 and the arrival of Omicron. Health Ministry permanent secretary Christina Yiannaki said vaccination of children is a one-way street for the smooth operation of schools. Yiannaki boasted that
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Long queues have been forming outside COVID-19 vaccination centres across the island all week, as the pressure on the unvaccinated and people who are in line for a booster shot pays off, with the number of jabs reaching a six-month high. Health authorities said the highest number of COVID-19 vaccinations was on Thursday, as 12,589
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