Ethical scrutiny intensifies over presidential advisers’ hiring practices, sparking concerns of nepotism and lack of transparency. The Ethics committee will review this in September, potentially shaping future political hiring and governance standards.
BBF, proud Sponsor of the Year for Limassol Nautical Club, is backing five athletes in swimming, sailing, and windsurfing on their Road to Paris 2024, demonstrating a steadfast commitment to Cypriot sports and these athletes’ Olympic aspirations. This sponsorship represents more than financial support; it symbolizes a shared belief in the power of sports to transform lives and communities, as BBF and the Limassol Nautical Club unite in pursuit of excellence.
The decline in British tourism to the northern regions has been attributed to changing travel preferences, economic downturns, and the rise of alternative destinations. Factors such as geopolitical influences and changing travel habits have also played a role, leading to fewer British visitors compared to the early 2000s. The tourism industry in the north must now reassess and innovate to recapture the interest of a market that seems to be steadily retracting, while also exploring new opportunities for growth with emerging visitor demographics like Turkish travelers.
The recent data from the Cyprus Statistical Service shows a 0.70 percent drop in the Construction Materials Price Index compared to last year, signaling a decrease in construction material costs. Metals experienced the most significant decline at 5.29 percent, potentially offering costsaving opportunities for construction projects in Cyprus.
LOT Polish Airlines has resumed flights to Cyprus after a 2year hiatus, starting with four weekly flights in winter and planning to increase to six by summer 2025. This marks a significant return to air connectivity between Poland and Cyprus, reflecting the growing tourism demand and Cyprus’s status as a key destination.
The Vasiliko LNG project was abruptly terminated due to financial neglect and mismanagement by Etyfa, leading the Chineseled CPPMetron Consortium Ltd (CMC) to halt their involvement. Audit reports revealed additional costs of €542 million to taxpayers, highlighting breaches in public contracting and delays in the project’s completion.
Decades after division, Greek and Turkish Cypriots in Nicosia’s Traitors Club hold onto hope for unity, sharing stories and forging bonds despite political standstills, showing that peace is achievable at a grassroots level. The legacy of Cyprus’s division, dating back to the 1960s and exacerbated by the events of July 1974, remains a poignant reminder as the UN peacekeeping force patrols the Green Line, urging leaders to intensify efforts for a resolution as the island’s inhabitants yearn for unity.
Akamas Mayor Marinos Lambrou passionately advocates for the Paphos marina project, envisioning it as a transformative hub for economic growth, tourism, and culture in the region. With plans for a 1,000boat capacity, residential, touristic, and cultural facilities, the marina aims to position Paphos as a premier maritime destination and boost the overall appeal of the district.
Cyprus maintains a 3% inflation rate in June, showing resilience amidst global economic challenges. Housing costs surged by 6.4%, while energy prices rose by 9%, balanced by a 1.5% decrease in transportation expenses, highlighting the island nation’s economic stability amid sectorspecific fluctuations.
Labor Minister Yiannis Panayiotou is optimistic about reaching an agreement in the construction sector negotiations despite a potential strike. A key meeting with trade unions is scheduled for July 25th, with a mediation proposal aimed at balancing economic growth and workers’ rights amidst uncertainties.
