Local News

Local News September 30, 2014

Citrus farmers to receive €4m in EU  aid over Russian embargo   

Cyprus will receive around €4.0 million as part of emergency market measures for fruit and vegetables in the wake of the Russian ban on EU imports.

The Russian embargo, imposed after the EU announced further economic sanctions for the country’s involvement in the Ukraine crisis, hurt Cyprus to the tune of €13.5 million in exports.

Out of that, €10.7m relates to citrus fruits, specifically an exclusively Cyprus variation called the mandora, a cross between an orange and a mandarin, used…

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Citrus farmers to receive €4m in EU  aid over Russian embargo   
Local News September 30, 2014

CTO offering short winter getaways at 2008 prices

By Staff Reporter

The number of residents taking short winter breaks under the Cyprus Tourism Organisation’s (CTO) special programme, doubled between the 2012-2013 season and the 2013-2014 season, the body’s director of tourism said on Tuesday at the launch of this year’s programme.

Annita Demetriades said that during the past season, which runs from October to June, 5,346 people chose to take advantage of the programme ‘Cyprus, short escapes, great discoveries’, compared to 2,681 people during the 2012-2013 season. The…

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CTO offering short winter getaways at 2008 prices
Local News Business September 30, 2014

Unemployment drops further in August

Unemployment in Cyprus fell to 15.4 per cent in August, the fourth consecutive drop, the EU’s statistical service Eurostat said on Tuesday.

In July, the jobless rate was 15.7 per cent, Eurostat said.

It dropped to 15.4 per cent in August or 67,000 people, compared with 72,000 or 16.6 per cent in august 2013.

Unemployment among men was 16.9 per cent and women 13.9 per cent, the service said.

The jobless rate among youths – under 25 – was 37.1…

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Unemployment drops further in August
Local News September 30, 2014

Lakkotrypis completes Oman contacts

Commerce, Energy and Tourism Minister Giorgos Lakkotrypis has just completed a series of meetings in Oman on cooperation opportunities in several fields.

Lakkotrypis had separate meetings with his counterparts of Oman: the Minister of Oil and Gas Dr Mohammed bin Hamad bin Seif Al Rumhi, Tourism Ahmed bin Nasser bin Hamad al Mehrizi, and Commerce and Industry, Ali bin Masoud bin Ali Al Sunaidy.

During his meeting with the minister of oil and gas, Lakkotrypis discussed ways  to cooperate in…

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Lakkotrypis completes Oman contacts
Local News Business September 30, 2014

July tourism revenue down 5.1 pct

Cyprus’ revenue from tourism fell 5.1 per cent year-on-year in July, to €321.2 million, the statistical service said.

In the same month, arrivals rose an annual 5.7 per cent to 381,955, Cystat said in a statement.

Between January and July, revenue rose 6.1 per cent to €1.1 billion, compared with the respective period last year, mainly on a 17 per cent increase in June, Cystat said.

 

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July tourism revenue down 5.1 pct
Local News Business September 30, 2014

Monthly earnings down 3.9 pct y-o-y

Average gross monthly earnings dropped 3.9 per cent year-on-year in the second quarter of the year to €1,807, the statistical service said on Tuesday.

According to preliminary estimates, men earned €1,971 and women €1,624.

Compared with Q2 2013, the monthly earnings for men fell 4.4 per cent compared with 3.2 per cent for women.

The corresponding percentage change observed during Q2 of 2013 was -1.6 per cent.

Compared with Q1 2014, average monthly earnings fell 1.3 per cent — men…

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Monthly earnings down 3.9 pct y-o-y
Local News September 30, 2014

RICS: Cyprus in pole position to implement international property standards  

Cyprus is in a pole position to implement the International Property Measurement Standard for Offices (IPMS), which was discussed at the 10th Real Estate and Construction Conference in Nicosia, the Royal Institution of Chartered Surveyors (RICS) said on Tuesday.

“With five members in the IPMS Coalition (including RICS), and three firms currently partnering, Cyprus is in the pole position to implement the International Property Measurement Standard for Offices. If it becomes one of the first countries to fully embrace this…

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RICS: Cyprus in pole position to implement international property standards  
Local News September 30, 2014

Five more arrests in refugee case

Police have issued an international arrest warrant for a Syrian man believed to be the mastermind of the operation to smuggle to Italy some 340 people who had to be rescued off the coast of Cyprus last week, as they detained five more men suspected of being part of the operation.

So far, police have arrested nine suspects.

All suspects were among 345 men, women, and children crammed on a fishing trawler that put out a distress signal when it…

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Five more arrests in refugee case
Local News September 30, 2014

Painting worth €6m stolen from Limassol house (Updated)

A 19th century Degas painting worth €6 million, along with other valuables worth €157,000 was stolen from the home of a 70-year-old in Limassol, police said on Tuesday.

Authorities have arrested two Cypriots, aged 44 and 53, in connection with the theft and they were also seeking a Russian man, 55.

The theft had been reported to police by the 70-year-old Cypriot who appears to be a collector.

He said his house had been broken into between 9.50am and 2.30pm…

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Painting worth €6m stolen from Limassol house (Updated)
Local News September 30, 2014

Larnaca communities say ‘never’ to crocodile park

Larnaca communities will refuse point blank to even consider the creation of a crocodile park in Psematismenos, they decided at a meeting on Monday night.

The Governing Council of the Union of Communities of Larnaca under the chairmanship of Christodoulos Papachristou, president of the community council of Psematismenos said the decision was unanimous and that they would write to the interior and agriculture ministers indicating their refusal, Larnaca Press said on Tuesday.

An application was submitted recently to the agriculture…

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Larnaca communities say ‘never’ to crocodile park

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