Costly EastMed project has hidden benefits

Costly EastMed project has hidden benefits

After a long wait, the ambitious EastMed pipeline, aimed at pumping natural gas from the region’s recently discovered reservoirs, is taking shape with three leaders of the four partner states signing the interstate agreement to build the pipeline from Israel to Cyprus via Greece to Italy. This pipeline will be an alternative to the Russian-dominated or influenced supplie...
Local Wednesday, 08 January, 2020
Australian bushfires: How climate change and other factors worsen fires

Australian bushfires: How climate change and other factors worsen fires

Experts say Australia's unprecedented wildfires are supercharged because of climate change, the type of trees catching fire and weather. And these fires are so extreme that they are triggering their own thunderstorms. Here are a few questions and answers about the science behind the Australian wildfires that so far have burned about 5 million hectares...
International Tuesday, 07 January, 2020
Cyprus Scops Owl is 100% Cypriot and proud

Cyprus Scops Owl is 100% Cypriot and proud

BirdLife International has recognized the Cyprus Scops Owl as a full species in its own right, endemic to Cyprus. The Cyprus Scops Owl is a small owl that is unique to Cyprus. Until now, based on differences in its plumage and song, until recently, the Cyprus Scops Owl (Otus scops cyprius) was treated as a subspecies of the Eurasian Scops Owl (Otus scops scops), w...
Local Friday, 03 January, 2020
Cyprus tops UK Post Office survey for winter sun bargains

Cyprus tops UK Post Office survey for winter sun bargains

Cyprus and Canary Isles have topped the chart for best value New Year holiday bargains, according to the latest UK Post Office Survey. Orlando and Dubai are cheapest long haul destinations, while Mauritius and Jamaica lead destinations where sterling is strongest – but their prices are highest among the 12 destinations surveyed, the Post Office said in a statement. Desp...
International Friday, 27 December, 2019
Culture helps sell Cyprus real estate

Culture helps sell Cyprus real estate

With the Xmas spirit coming up we thought of writing a “light” article on the subject of real estate. A country which is better known as a holiday destination and for its good weather, we are experiencing an upgrade in our standard of living and entertainment, having attracted the attention of international stars, which is now extended to real estate. To this end,...
Real Estate Monday, 23 December, 2019
Johnson eyes parliament vote before Christmas to “get Brexit done”

Johnson eyes parliament vote before Christmas to “get Brexit done”

British Prime Minister Boris Johnson will “get Brexit done” by Jan. 31 and then agree a new trade deal with the European Union by the end of 2020, cabinet office minister Michael Gove said on Sunday, vowing to deliver on the government’s top priority. Johnson and his team were triumphant last week when he won a commanding majority of 80 at an early election h...
International Tuesday, 17 December, 2019
Cyprus fast internet targets are buffering

Cyprus fast internet targets are buffering

While EU member states are completing their fast internet connection targets set by the bloc, Cyprus is nowhere near coming close to them. EU targets foresee that more than 50% of households should be connected with Next Generation Networks by 2020. Connection to a Next Generation Network would see users surfing at speeds of at least 100 Mbps. Despite improvements, 76.6% of h...
Business Monday, 16 December, 2019
Cyprus economy needs equity investment

Cyprus economy needs equity investment

Since the banking crisis of 2013, the economy of Cyprus has shown impressive resilience and improvement. From negative growth rates, we now have significant and positive growth. From budget deficits, we now have significant primary and budget surpluses. From sky-rocketing unemployment levels, we now have levels that are close to full employment. The banking sector has recovere...
Local Friday, 13 December, 2019
United Kingdom votes to decide the fate of Brexit, again

United Kingdom votes to decide the fate of Brexit, again

Voters go to the polls on Thursday in an election that will pave the way for Brexit under Prime Minister Boris Johnson or propel Britain towards another referendum that could ultimately reverse the decision to leave the European Union. After failing to deliver Brexit by an Oct. 31 deadline, Johnson called the Dec. 12 election to break what he cast as political paraly...
International Thursday, 12 December, 2019
President Expresses Satisfaction Over Strict CySEC Checks, Fines of €7.5 Million Imposed in 2018

President Expresses Satisfaction Over Strict CySEC Checks, Fines of €7.5 Million Imposed in 2018

Cyprus Securities and Exchange Commission (CySEC) has imposed fines of a value of €7.5 million in 2018, its Chairwoman Demetra Kalogerou told Cyprus President Nicos Anastasiades on Monday, who noted that having strict checks in place guarantees the state`s credibility, the CNA reports. Kalogerou, who was presenting President Anastasiades with the Commission`s report for 2...
Local Wednesday, 11 December, 2019
Building plots have regained their investment status

Building plots have regained their investment status

Acquisition of land/building plots as an investment, either for future capital appreciation/development was up until recent years more of a national sport. Due to the boom years up to 2008 for the real estate market when prices increased at a very fast rate and with positive sales prospects, investing in land made a lot of sense. Since the commencement of the recession, howev...
Real Estate Tuesday, 10 December, 2019
KPMG Expects to Invest US$ 5 Billion On Digital Leadership and Expands Microsoft Alliance

KPMG Expects to Invest US$ 5 Billion On Digital Leadership and Expands Microsoft Alliance

KPMG today announced investments in technology, people and innovation and expects to spend US$ 5 billion over the next five years to enhance its leadership position in the digital transformation of professional services. This investment will accelerate the digital transformation of KPMG firms and their clients, who will benefit from the latest technological advancements across...
Business Monday, 09 December, 2019
THIS WEBSITE IS USING COOKIES
We use cookies to ensure that we give you the best experience on our website. If you continue using the site, we'll assume that you are happy to receive all cookies on this website and you have read our Cookies Policy.