A relatively muted start to the week amid lighter expected trade due to the US bank holiday, with Europe and much of Asia posting small gains.It’s been a frantic start to the year, so, investors may be capitalising on the opportunity to catch their bre…
Day: January 16, 2023
Tackling inflation government’s biggest task
The Cyprus Economy and Competitiveness Council (Ecompet) outlined medium-term and long-term proposals to tackle inflation via innovation investment.The Council said that due to the seriousness of inflation, it established a committee to propose measure…
Larnaca pier to be new hot attraction
Larnaca will soon have another destination to visit, as construction on a museum dedicated to the town’s history and floating hospitality venues get off the ground at the marina.As announced, Kition Ocean Holdings – the Cypriot-Israeli consortium award…
‘Bulls ready to run’ as Bitcoin hits $21,000
The Bitcoin price rally demonstrates that cryptocurrency investors are pricing in more favourable market conditions in 2023 as inflation looks set to peak, according to the CEO of a leading independent financial advisory and fintech.Bitcoin reached abo…
Limassol’s public transport goes electric
Public transport in Limassol is going green, with 35 fully electric buses on the city’s roads in February, pushing the older diesel models into retirement.The 35 six-metre-long electric busses will be the flagship of the new fleet of the Limassol Trans…
Storm alert after flash floods
As Cyprus counts the cost of the extreme weather over the weekend, the Met Office warned the storm has not passed with more heavy rain expected.Following extreme rainfall mainly affecting the districts of Larnaca and Famagusta, the meteorological servi…
Real estate sales generated €6 bln in 2022
Despite the property market generating €6 billion in sales in 2022, real estate agents expect a challenging 2023.Releasing its quarterly “Real Estate Market Bulletin”, the Cyprus Real Estate Registration Council said that the value of real estate sold …
Anastasiades meets King Charles III
The Cyprus problem, bilateral ties and Commonwealth issues were discussed at a meeting between President Nicos Anastasiades with King Charles III in Scotland on Monday.Following the British monarch’s invitation, the meeting was held in his private resi…
UN sees worsening of political climate
The political climate between the two sides in divided Cyprus has deteriorated, says UN Secretary General Antonio Guterres in his mission of good offices report for June to December.“In the absence of constructive or harmonised messages from the two le…
Storm alert after flash floods
As Cyprus counts the cost of the extreme weather over the weekend, the Met Office warned the storm has not passed with more heavy rain expected.Following extreme rainfall mainly affecting the districts of Larnaca and Famagusta, the meteorological servi…
Limassol’s public transport goes electric
Public transport in Limassol is going green, with 35 fully electric buses on the city’s roads in February, pushing the older diesel models into retirement.The 35 six-metre-long electric busses will be the flagship of the new fleet of the Limassol Trans…
‘Bulls ready to run’ as Bitcoin hits $21,000
The Bitcoin price rally demonstrates that cryptocurrency investors are pricing in more favourable market conditions in 2023 as inflation looks set to peak, according to the CEO of a leading independent financial advisory and fintech.Bitcoin reached abo…