Cyprus taxes on household electricity bills are among the highest in Europe – in the top one-third of the range – in company with rich countries such as Germany and Denmark. According to an article in the Financial Times, about 35% of the electricity bill goes to taxes, in contrast to just over 26% for
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Reading through the announcements regarding the closure of Korivos Commercial Centre, both by the Municipality of Paphos and the owners, leaves many questions that need answers. Based on the announcements, I found this case strange, to say the least, for such a large centre to face closure by the municipality, both in terms of the
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The term NFT, or non-fungible token, has frequently appeared in the news, usually followed by an exorbitant amount, which accompanies the sale of one-of-a-kind digital items. Collectable crypto-projects or crypto digital artworks, also known as NFTs, follow the course of cryptocurrencies in recent months and see their value increase day by day. We are talking
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Cyprus reported no coronavirus deaths for the third day in a row on Friday, with the number of new cases dropping slightly to 227 and hospitalisations unchanged at 73. New daily infections remained above 200 throughout most of the week, starting with 280 on Monday, as government advisors were worried with a further rise during
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A caretaker ruling coalition has been formed in the Turkish occupied north with an early general election slotted for 9 January. Heading the coalition will be the newly elected head of the National Unity Party (UBP), Faiz Sucuoglu, seconded by the Democratic Party (DP). Faiz Sucuoglu on Friday announced the new ‘cabinet’ after being given
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Introducing electronic scanning of the Safe Pass starts Monday voluntarily, to help businesses adapt to the new measure until 22 November when it will become mandatory, the Health Ministry said. Cyprus’ Health Ministry has given a grace period for businesses to familiarise themselves with the application to electronically scan Safe Pass documents presented by customers
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People over the age of 50 and diabetics can book their booster shot appointment through the online vaccination platform, while walk-in centres will be catering to them from Monday. The Health Ministry said mobile vaccination centres would be set up in the village of Palaichori on Saturday to administer booster jabs. Health authorities on Friday
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Cyprus’ golden passport scheme’s demise has put some high-rise projects on ice, while other towers have been shortened, delivering a body blow to the construction industry. According to the news website Stockwatch, several high-rise projects in Limassol have been cancelled, or developers have altered plans, knocking off a few floors. Limassol district municipalities are no
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United Nations Secretary-General António Guterres has appointed Canadian Colin Stewart as his new Special Representative and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP). Stewart will also perform the role of Deputy to the Secretary-General’s Special Adviser on Cyprus. It seems he will also be taking on some of the responsibilities of departed UN
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By Lukman Otunuga, Senior Research Analyst at FXTM In a move that confounded market expectations, the Bank of England left interest rates unchanged at a record low of 0.1%, even as it published its highest inflation forecast for a decade. To add insult to injury, only two members of the nine-person MPC voted to increase
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