Digital payments have a significantly smaller environmental impact compared to cash transactions, according to a report by the European Digital Payments Industry Alliance (EDPIA). The study, conducted by Oxford Economics, examined the environmental impact of payments in three Eurozone countries, Italy, Germany, and Finland, with each representing different levels of digital payment maturity. The research […]
The Cyprus Borrowers Association (Syprodat) this week issued a stark warning about the mounting financial pressures faced by households, borrowers, and businesses due to high prices, rising interest rates, and insufficient government support. “Households, borrowers, and businesses are struggling every day with high prices, high interest rates, and inadequate support from the government,” Syprodat said. […]
“This year marks 50 years since the tragic events of 1974 in Cyprus that resulted in profound loss, widespread displacement and an ongoing division between Greek Cypriot and Turkish Cypriot communities,” say organisers of a new exhibition in Limassol. “In response to this significant anniversary, the Collective Personal exhibition opens its doors to the public, […]
Inflation in Cyprus, excluding increases in excise taxes, fell by 0.32 per cent in the first half of 2024, when compared to the previous six months, spanning the period between July and December 2023, according to a report released this week by the Cyprus Statistical Service (Cystat). The statistical service reported that Cyprus’ Consumer Price […]
The route to the last four of Euro 2024 has been a rocky one for the Netherlands and England, and a few flashes of their best quality in their semi-final showdown might be enough for either side to make the final. England’s shootout win over Switzerland brought momentary euphoria, but it was more relief than redemption and Wednesday’s […]
A 27-year-old tourist suffered a punctured lung in a quadbike accident which occurred on Tuesday evening in the Paphos district village of Neo Chorio. The woman was riding a rented quadbike at around 5pm with a 28-year-old female passenger on board when, under circumstances which are being investigated, she swerved into oncoming traffic, before the […]
Open letter from Kyriacos Jacovides in response to United Nations envoy Maria Angela Holguin Your Excellency, I have read your open letter to the Cypriots and I am surprised by the fact that you have not made any reference to the United Nations resolutions on Cyprus, to the principles and values of the international organisation […]
The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and robotics sectors. This mission is scheduled to coincide with the Factory Innovation Week fair, which will take place in Tokyo in January 2025. During the […]
President Nikos Christodoulides is to travel to Athens on Wednesday to participate in events which will mark the 50th anniversary of Turkey’s invasion of Cyprus. At noon, he will lay a wreath at Athens’ memorial to the fallen in Cyprus, which is located in the Army Park in the neighbourhood of Goudi, alongside Greece’s military […]
Rain showers and possibly even thunderstorms and hailstones will set the scene on a Wednesday of wild weather, with the heavens forecast to open inland and in the mountains in the early afternoon. The precipitation is not predicted to bring temperatures down, however, with temperatures set to reach a high of 39 degrees Celsius inland, […]
Two people were killed when Hezbollah fired dozens of rockets at the Golan Heights on Tuesday, Israeli police said, as the Lebanese militant group retaliated after a former bodyguard of its leader was killed in an Israeli strike. One rocket hit a car in the Golan that instantly killed a man and woman, police said. […]
Palestinian officials said an Israeli airstrike in southern Gaza Strip killed more than two dozen people while advancing tanks in Gaza City forced residents to flee under fire as Israel stepped up an offensive that Hamas warned could jeopardise ceasefire talks. The airstrike hit the tents of displaced families outside a school in the town […]
Investor morale in the eurozone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed this week, describing the results as a “bitter setback”. Sentix’s index for the eurozone fell to -7.3 points for July from 0.3 in June, putting the barometer firmly back in the red. Analysts polled by […]
Carlsberg (CARLb.CO) has agreed to buy British soft drinks maker Britvic (BVIC.L) for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” and that sent both companies’ shares higher. Carlsberg clinched the takeover with a sweetened bid of 1,315 pence per share – comprising cash and a […]
German exports fell more than expected in May, due to weak demand from China, the US and European countries, data from the federal statistics office showed this week. Exports fell by 3.6 per cent in May compared with the previous month, compared with the 1.9 per cent decrease forecast by analysts in a Reuters poll. […]
They come in packs. They wear safety vests and cargo pants. Their tools are rakes, grabbers and heavy-duty garbage bags — the fuller the better. They are the environmental nonprofit City Friends Club, and they need your help in tracking litter in Cyprus. Anyone can answer the call through their new mobile app “City Friends […]
Apoel football club owes over €1 million to the state in unpaid taxes, data revealed by the finance ministry on Tuesday shows. The ministry made public a list of football clubs which owe taxes to the state, with Nicosia-based club Apoel topping the list, owing a total of €1.34m. Limassol’s Apollon owes the second highest […]
The leaders of unions representing public employees – teachers, civil servants, national guard officers, police, hospital doctors, nurses – met on Tuesday to discuss a study about public sector payroll drafted by the IMF. The representatives of Cyprus’ labour aristocracy were concerned about some of the IMF’s suggestions which they “reject in their entirety because […]
Spain struck twice in five minutes in a pulsating first half to secure a 2-1 comeback win over France on Tuesday as a record-breaking goal from teenager Lamine Yamal and a Dani Olmo effort propelled them into the Euro 2024 final. The 16-year-old Yamal cancelled out Randal Kolo Muani’s opener with a sublime shot in […]
