Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 per cent, reaching €17.61 billion, up from €14.59 billion in 2021. This surge was primarily driven by significant growth in specific areas. […]
The first weekend of July is here and it brings with it the first music festivals! Get ready to enjoy fiestas and live music but also art events in the villages and celebrations in nature that honour local herbs. In Limassol, the 9th Loud Music Festival 2024 (LMF) will kick off on Thursday with over […]
The weather on Thursday is expected to be mainly fine, with occasional high cloud cover. There may be some sparse dust in the atmosphere. Winds will be south-westerly to north-westerly, ranging from gentle to moderate, at force 3 to 4 on the Beaufort scale. In southern areas, winds could strengthen to force 4 to 5. […]
Climate change poses a major challenge in the current era. The international community recognises the need to tackle climate change, and has already taken steps, for example via the Paris climate accords and the UN Sustainable Development Goals, Agenda 2030. As the driver of the economy, the financial system is expected to play a leading […]
Hurricane Beryl thrashed Jamaica with heavy winds and rain, killing at least one person after forging a destructive, water-soaked path across smaller Caribbean islands over the past couple days. The death toll from the powerful Category 4 hurricane climbed to at least 10, but it is widely expected to rise further as communications come back […]
Police are investigating a premeditated murder case in Peyia involving the death of 43-year-old Stylianos Stylianou. A 50-year-old man, the victim’s brother-in-law, has been arrested in connection with the incident. According to a police statement, officers received a report of gunfire at a house in Peyia, near Paphos, around 10.40pm on Wednesday night. Police arrived […]
Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘bbb-‘ from ‘bb+’. In an announcement released on Tuesday, Fitch stated that this upgrade primarily reflects the recent upgrade of Cyprus’ economic rating to BBB+/positive and […]
The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S&P Global warned this week. The assessment comes ahead of upcoming elections in the US, Britain and France where governments are pledging to improve economies, social services and voters’ daily […]
Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi Sunak is unlikely to see much benefit in this week’s national election. Annual shop price inflation slowed to 0.2 per cent in June from 0.6 […]
The amendment criminalising fake news, threats, insults and the online distribution of obscene photos and pictures is being sent to the House plenary in September. When the amendment passes, the offences, now considered civil, will be made criminal and will carry a jail sentence of up to five years. The issue was discussed on Wednesday […]