European companies’ general optimism for 2022 is dented by concerns over affordable access to energy and raw materials and shortages in skilled workers. It said only 33% of Cypriot businesses are more optimistic for 2022. These are among the key findings of the 2022 Eurochambres Economic Survey, based on responses from over 52,000 businesses in
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Cypriots must dig deep into their pockets to pay November electricity bills, as the cost of energy is at its highest since 2012. A 10% discount offered by the Electricity Authority of Cyprus will essentially be wiped out. Businesses and households will be paying 10% more in November than October, as the increase in the
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Authorities will place signs warning motorists of speed limits and the operation of new traffic cameras being installed in the coming months. A joint announcement by the Transport, Justice and Innovation ministers and the chief of police said visible signs would be installed to warn drivers of fixed and mobile cameras and the legal speed
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Malta is the only EU state left on Cyprus’ COVID-19 safest green travel list after the health authorities demoted Italy to the medium-risk orange and New Zealand. At the same time, Bahrain has been promoted from orange to the green zone, while Jordan drops from the safest category straight to the high-risk red. The red
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Cyprus is among the top partners of France in the Eastern Mediterranean region, Captain Paul Merveilleux Du Vignaux, commanding officer of the French frigate Auvergne, said. He gave a press conference aboard the frigate docked at Larnaca port on Monday. Du Vignaux said: “Our mission improves security and stability in an impartial way. “That’s why
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Cyprus reported no coronavirus-related deaths for the second day in a row on Monday, the sixth day this month with no Covid deaths, while the number of new daily cases more than doubled to 284, as hospitalisations dropped mildly to 67. The health ministry said in its Covid bulletin that the death toll since the
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Vehicle registrations declined 6% in the first ten months of 2021, but bikes and mopeds recorded significant increases, data released by the Cyprus Statistical Service (CyStat) show. In October alone, the total registration of motor vehicles was 2,646, recording a decrease of 16.6% compared to October 2020. Meanwhile, passenger saloon cars registered a fall of
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Cyprus approved another 390 golden passports applicants after the Citizenship for Investment scheme was scrapped in November 2020, while Brussels’ infringement procedure into the scheme continues. Presenting his ministry’s budget before the House Finance Committee, Interior Minister Nicos Nouris said the government had approved 390 applications by foreign investors submitted before it ended on 1
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An influx of tourists in September and October, combined with a state-sponsored staycation scheme for Cypriots, have helped hoteliers stay open this winter. In comments to the Financial Mirror, the Director-General of the Cyprus Hotel Association, Philokypros Roussounides, said the surge in arrivals combined with extending the staycation scheme until March 2022 boosted hoteliers’ morale.
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Since 2012 around 1,900 companies a year have opted to go bankrupt in the past decade; that’s an average of around 160 a month going out of business. Already 1,669 firms have shut down in the first ten months of 2021, following the trend building up over the past decade. Despite the tools provided to
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