Cyprus Business Now
Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...
Government surplus doubles from last year
The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...
UK’s Nationwide forecasts 5 per cent house price fall for 2023
British house prices look on track to drop by about 5 per cent next year, as home-buyers face higher interest rates, a squeeze on disposable income and a potential rise in ...
Five green wishes for the next president
The roadmap the next leader of the country should follow to protect and restore nature
This being the season for making wishes, here are some from me. Five things I ...
Our View: Poor turnout indicates indifference to church
It was a good thing that all the people of the Orthodox faith on the electorate were entitled to vote in the archiepiscopal elections, as the poor turnout illustrated the ...
World Bank approves additional $610 million in financing for Ukraine
The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as the war with Russia continues.
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Proposals for nature restoration need to be ambitious but realistic, agriculture ministry tells EU Environment Council
Any proposals for natural restoration need to be ambitious but also realistic, so that small member states in particular can have room for flexibility to implement them, agriculture ministry permanent ...
FTX’s Bankman-Fried signs extradition papers as Wednesday hearing looms
FTX founder Sam Bankman-Fried has signed legal papers paving the way for his extradition from The Bahamas to the United States, where he faces fraud charges over the cryptocurrency exchange’...
Cabinet extends support measures for electricity bills, agriculture sector
Cabinet on Tuesday decided to extend the government allowance covering energy expenses for another two months, at a cost of around €25 million. The scheme covers domestic, commercial and industrial use, ...
Taliban-led Afghan administration suspends female students from universities
Afghanistan’s Taliban-run Afghan higher education ministry said on Tuesday that female students would not be allowed access to the country’s universities until further notice.
A letter, confirmed by ...
Sterling inches higher, heads for biggest quarterly gain since 2009
The pound eked out a small gain on Tuesday in thin trading ahead of the Christmas holidays, but was on track for its strongest quarterly gain against the dollar since 2009.
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The EU continues to support the Committee on Missing Persons, European Commission says
The European Commission announced on Tuesday the signing of a new agreement for the continuation of EU-financed support to the Committee on Missing Persons (CMP), as part of the European ...
Russia wants to cooperate with Iran on gas turbines
Russian companies are interested in cooperating with Iran on gas turbine technology and joint production, Russian Energy Minister Nikolai Shulginov said in a statement on Tuesday.
Russia has been trying ...
Audit Office uncovers wrongdoings in Larnaca
Not only did Larnaca municipality not suspend an employee under criminal investigation, but promoted him as well, the Audit Office has noted in a just-released report.
That was one of ...
Parallel events of the On the Field: Football ─ History ─ Nicosia exhibition
A new exhibition in Nicosia chronicles the history of football in Cyprus. This new temporary exhibition at the Leventis Municipal Museum of Nicosia reveals the sports journey on the island, ...
‘Pioneering’ blood bank centre on its way
A €7.8 million national blood bank centre will be built in Nicosia in two years from now, the government announced on Tuesday.
During the contract signing ceremony, Health Minister Michalis Hadjipantela ...
Labour ministry to talk with striking Wolt drivers
After a week of ongoing strikes, Wolt drivers and all involved parties have been invited to a meeting at the labour ministry.
The meeting has been scheduled for Wednesday morning ...
Trade unions say loopholes remain in minimum wage
A grouping of trade unions urged the government on Tuesday to address potential loopholes in the calculation of the national minimum wage, while also calling for a reduction on VAT ...
Ancient Cyprus jug returned to rightful owner
An eight century BC Cypriot jug likely smuggled out of the country during the 1974 Turkish invasion was found in the Netherlands, it emerged on Tuesday.
The antiquities department said the ...
Pissouri, Kalopanayiotis on list of UN’s best tourism villages
Cyprus’ coastal Pissouri and Kalopanayiotis in the mountains made it onto the UN’s ‘Best Tourism Villages’ of 2022, alongside 30 others ranging from Austria to Vietnam.
The World Tourism Organisation (UNWTO) ...
Thousands reported without power after strong quake rattles northern California
A strong 6.4-magnitude earthquake that struck off the coast of northern California on Tuesday rocked people awake, damaged a bridge, caused gas leaks and left thousands without power.
The earthquake ...
Magnitude 6.4 quake shakes northern California, leaves 2 dead, thousands without power (Update 3)
A powerful magnitude 6.4 earthquake jolted the extreme northern coast of California before dawn on Tuesday, crumpling homes and roads, rupturing utility lines and leaving thousands of residents without running water ...
What’s on at Sarah’s Jazz Club this week
A week full of music is planned at Nicosia’s jazz club starting with an evening with Alex Clarke on Wednesday. The in-demand and versatile young saxophonist, who is emerging ...
‘Bored Ape’ NFT startup names Activision operating chief as CEO
“Call of Duty” maker Activision Blizzard Inc’s (ATVI.O) chief operating officer Daniel Alegre will join “Bored Ape” NFT maker Yuga Labs as its chief executive, the metaverse startup ...