Police have discovered another two packages containing drugs at a beach in the Famagusta district, making the total at over 20 kgs of cannabis having washed up in the area recently. Police spokesman Christos Andreou said that in the last 10 days, in various locations in the Famagusta district, several packages have been located which
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A year ago, when we were still fretting about the scourge of COVID, we couldn’t have imagined that an act of aggression in Europe would disrupt our lives. We were more concerned about social distancing, vaccines and face masks than another war that would trigger an energy crisis fueling the cost of living. Cyprus’ economy
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The past year hardly put a smile on anyone’s face. Struggling to recover from the Covid-aftermath, Russia invaded Ukraine just as everyone prepared for a year of recovery. Due to the lack of supplies, it unleashed a chain reaction that brought many economies to their knees. Commodity prices, raw materials and energy sources spiralled, raising
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Local election results in the north have signalled that pro-solution powers are alive and kicking, as opposition parties overwhelmingly won the majority of mayorships, analysts said. The social democrat Republican Turkish Party (CTP) elected seven ‘mayors’ on December 25, and the leftist Communal Democracy Party (TDP) won the Nicosia municipality. The two main opposition parties
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Cyprus’ real estate sector will stabilise after hitting a record number of sales since 2008, as a growth trend following the pandemic is halted by rising building costs and interest rates. According to Land Registry data, the sales documents filed in the first 11 months of 2022 were 12074, up from 9063 last year, marking
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Over the last three years, Cyprus banks had struggled to deal with their past and unload non-performing loans from their balance sheets when governments were fighting the worst pandemic in a century. It was a hard fight that produced many loan restructurings and some new NPLs, but the banks fared well overall. Only last month,
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I want to share with you the various complaints that we receive, which concern the extent of the described properties on the titles of plots of land and fields. Until recently, I wanted to believe that a title issued by the Republic had the correct area registered and citizens could rely on it. At some
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There are four over-riding investment themes that investors will be watching and positioning for in 2023 in order to build their wealth, according to the CEO and founder of a leading independent financial advisory and fintech, as investors and savers take stock of a rocky year gone by and design portfolios for the one ahead.
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By Stefan Nolte As we approach the end of the year, investors are anticipating the year ahead and what to expect for precious metals like gold. The gold price was highly unpredictable in 2022, with much uncertainty over the direction it would take, while the price prediction for 2023 is also uncertain. The year 2022
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Cyprus has strengthened its ties with India, signing agreements to tighten military cooperation, expanding the use of solar energy technology and stemming illegal migration. Foreign Minister Ioannis Kasoulides said after Thursday’s meeting with India’s visiting foreign minister, Subrahmanyam Jaishankar, that an initial agreement would act as a springboard for talks on strengthening cooperation on military
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