Larnaca’s newest retail jewel, the Metropolis Mall, opened its doors on September 16, with tens of thousands of consumers flocking in to get a taste of what the new talk of the town had to offer. The mall’s first week was a success with stores welcoming more than 16,000 visitors a day on weekdays, Metropolis
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Economic sentiment dropped by 1.5 points in September, despite a steady recovery since April, due to weakened business confidence in services and, to a smaller extent, from a fall in construction confidence, a monthly survey by the University of Cyprus has shown. The Economic Sentiment Indicator (ESI-CypERC) for September decreased by 1.5 points to 107.1
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Cyprus upgraded France, Spain and the Netherlands from its high-risk ‘red’ to the medium-risk ‘orange’ category, while keeping its safest ‘green’ category unchanged under the latest COVID travel risk assessment released on Monday. The three EU member states, along with Uruguay, were pushed up to the medium-risk orange category, from which arrivals need to carry
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By Hussein Sayed, Chief Market Strategist at Exinity Following three consecutive weekly gains, oil bulls do not seem tired yet as crude oil extended gains for the fifth straight session on Monday. The world’s demand is not being met with enough supplies and this has pushed Brent towards $80. Inventories across all continents are dropping
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Cyprus reported one coronavirus death on Sunday, a further drop in new cases to 78 and a gradual increase in hospitalisations to 79. The health ministry said in its daily Covid bulletin that an 89 year old woman died of causes attributed to Covid-19, raising the September death toll to 40 and the total since
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Consumers in Cyprus should not get carried away by a 10% discount on their next two electricity bills, due to rising penalties the Electricity Authority has to pay for the right to pollute, say experts. Last week, Energy Minister Natasa Pilides announced a 10% discount for households and businesses over the next four months, pledging
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Over the last weeks natural gas prices in continental Europe and in the UK have soared to unprecedented levels because of tight supplies ahead of the winter season, as many underground storage facilities across Europe were not replenished during summer. This has raised fears of supply shortages over the coming months and dire economic consequences
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Once again, politicians have added to the insult of ordinary Cypriots struggling to keep their households afloat by declaring net wealth that, in most cases, are in six-digit figures. Perhaps a fundraiser ought to be organised to help these poor members of society stay in business, having gained the trust of the naïve electorate. The
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Cyprus reported one coronavirus death on Saturday, a drop in new cases below 100 and a single increase in hospitalisations. The health ministry said in its daily Covid bulletin that an 88 year old woman died of causes attributed to Covid-19, raising the September death toll to 39 and the total since the pandemic started
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We have studied the announcement by the Small Business Owners Association (POVEK) warning the state not to reduce subsidies the Government is paying them. The Association declared that approximately 20-25% of the local shops (tourist areas in Ayia Napa-Paralimni) have closed and if the subsidies are reduced/cut, the percentage will increase. The reduction of the
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