Cyprus health authorities have decided to delay introducing testing for travellers from China as the country struggles with a new COVID wave. Following a meeting with health experts advising the government on handling the coronavirus outbreak, Health Minister Michalis Hadjipantela said there was “no reason for concern”, adding that Cyprus will be following the EU’s
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Approximately 561,000 voters are registered to vote in February’s Presidential Elections; Chief Returning Officer Costas Constantinou told the Cyprus News Agency. According to Constantinou, approximately 1,150 polling stations, 35 are abroad, will operate for the elections on February 5. In the last three months, 10,558 applications were submitted for registration. Voters who reside abroad will
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Tourists from Switzerland, USA, Norway and Austria spent the most per capita during their holidays in Cyprus in October, with an average spend of over €1,000, according to official data. In October alone, revenue from tourism reached €319.8 mln, recording an increase of 6.8% from October 2019, which was a record year in the sector.
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Limassol is the island’s most expensive city, as Limassolians need to spend hundreds more euros monthly than residents in other towns every month to live. According to Numbeo data, compiled by Phileleftheros daily, a Limassol-based family of four needs around €4,239.46 a month to make ends meet, with at least €1,600 going towards rent or
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Cyprus recorded the lowest number of road deaths in 2022 since the establishment of the Republic in 1960, according to the police. With 2022 now over, Cyprus traffic police confirmed 37 deaths from road accidents on roads in areas controlled by the Republic, seven less than in 2021. Talking to state radio, the acting head
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The Finance Ministry has earmarked €5 mln for the Olivewood incentive scheme designed to promote Cyprus’ revamped audiovisual sector for big movie studios to sprinkle more Hollywood magic. According to the 2023 state budget approved by the House, the Finance Ministry plans to hand ten times more cash incentives this year than it did in
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A nascent, but promising innovation ecosystem, will get another boost as authorities gear up to launch the Cyprus Equity Fund, said the Finance Ministry. In an update to the House Finance Committee, in the framework of the budget discussion, the ministry told MPs that the Cyprus Equity Fund would go online in February or March
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Retail sales during Christmas reached pre-pandemic levels, but small businesses’ turnover was below expectations and want government support. “It went very well, beyond our expectations, it was at satisfactory levels, similar to 2019, and we are completely satisfied”. He added that supermarkets had boosted the Christmas market with offers. “People saw that all the supermarkets had improved their offers in a
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Electric vehicle (EV) manufacturer Tesla is undergoing a turbulent moment recording a sharp decline in market capitalisation, as the company battles internal and external factors threatening its market dominance. One key driver has been CEO Elon Musk’s battle and eventual $44 bln acquisition of social media platform Twitter. Data compiled by Finbold indicates that in
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The landmark National Minimum Wage of €940 per month and €885 for the first six months of employment became active on January 1 by the decree of Labour Minister Kyriacos Koushos. Some 40,000 low-income employees are estimated to benefit from this unprecedented benchmark substantially. The National Minimum Wage does not apply to jobs in shipping, domestic workers,
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