Nicosia has refuted a Greek newspaper report claiming a scenario has been floated for the ambitious EastMed natural gas pipeline to bypass Cyprus’ Exclusive Economic Zone.Presidential Palace press officer Victor Papadopoulos said: “This is not the case…
Category: General
Cyprus GDP shrunk 5.1%, shedding €1.2 bln in 2020
Cyprus’ economy shrunk by €1.28 bln in 2020, as its key sectors, tourism, commerce and construction, suffered during the pandemic and lockdown measures to stop COVID-19 spreading.According to data from the Statistical Service, the country’s Gross Domes…
Cyprus unemployment at 7.6% in 2020
Unemployment in Cyprus in 2020 rose to 7.6% of the labour force compared with 7.1% the year before, pushed upwards by the fallout of the coronavirus pandemic on the labour market.According to the results of the Statistical Service’s labour force survey…
Eurostat: Euro area annual inflation stable at 0.9% in February 2021
Euro area annual inflation is expected to be 0.9% in February 2021, stable compared to January, according to a flash estimate from Eurostat, the statistical office of the European Union.Looking at the main components of euro area inflation, food, alcoh…
A specialist displays “tools” for startups to achieve success in e-commerce
In a seminar in the Asharqia ChamberA specialist displays “tools” for startups to achieve success in e-commerceGhali Miyagan, a specialist in establishing emerging enterprises and technical systems, a technical business advisor at the Intelligence Cent…
Natural gas: Is Cyprus still in the game?
Natural gas exploration is a tough business. And its politics are often as complex as its engineering.Over the years, Cyprus tried to form a geostrategic alliance with Israel, Egypt, and Greece to realise its ambitions to become a regional energy hub w…