Cyprus has proven its resilience in the face of the crises like the coronavirus pandemic and the Ukraine war, said tourism boss Savvas Perdios citing improved tourist arrivals for 2022.Tourist arrivals hit 3.2 mln last year, despite Cyprus losing 800,0…
Day: January 18, 2023
Tether, Bitcoin most traded cryptos in December
Cryptocurrency trade volumes saw a significant drop in December, the last month of one of the hardest years for the entire crypto industry, with Tether and Bitcoin retaining their market leadership.Following the U.S. Fed’s rate hike moves, the price of…
Cyprus surpasses renewable energy targets
Electricity generated from renewable energy sources in Cyprus could eventually make up as much as half of all power conveyed to other countries through an electricity cable linking the island’s power grids to Israel and Greece, officials said.Energy Mi…
Digital adoption will spur productivity
Digital adoption across economic sectors will determine the path of future growth, according to an analysis of the University of Cyprus’ Economic Research Centre.The analysis stresses the importance of digital uptake to increase productivity.According …
€17 bln of properties sold in five years
Property sales worth €17 bln have been recorded by the Land Registry since 2018, with 2022 being the best year, according to the latest data.The value of the property sold between 2018 to 2022 will increase as transactions for some sales documents subm…
CEOs believe global economy will decline
Some 73% of CEOs believe global economic growth will decline over the next 12 months, the most pessimistic outlook in over a decade, said PwC’s Global CEO Survey.The bleak CEO outlook is the most pessimistic regarding global economic growth since PwC b…