The Cyprus Industrial Turnover Index surged by 5.2% in February 2024, reaching 124.3 units, with manufacturing leading the growth at a 10% increase. This positive trend reflects a resilient industrial sector performance and sets a promising economic landscape for Cyprus going forward.
The Ayia Napa gang rape trial features a British woman’s testimony against five Israeli men accused of assaulting her during her Cyprus vacation. This highprofile case delves into complex legal proceedings, international collaboration, and implications for victim advocacy and tourist safety.
In September 2023, Cyprus’s industrial turnover showed a significant uptick, with a 6.7% increase during the first nine months compared to the previous year. Specifically, the Industrial Turnover Index reached 206.6 units in September, marking a 0.6% rise from September 2022, indicating a robust and growing industrial sector. Manufacturing and mining sectors performed well, while the utilities sector faced challenges. The increase in industrial turnover suggests economic resilience and inspires confidence among investors and businesses, providing a roadmap for future growth.
The upcoming trial for the Isias hotel collapse in Turkey will hold 11 individuals accountable for the death of 24 Turkish Cypriot children. The accused face charges of causing death through negligence, with potential sentences ranging from 32 months to over 22 years, reflecting the public’s demand for justice and the profound impact on the community.
The trial for the Chlorakas clash participants is set for December 19, with eight suspects facing charges of rioting and illegal weapon possession. Six others will appear in court on March 6 and have been released on a €15,000 bond, with monthly police checkins.
The new grant scheme for Cypriot SMEs aims to promote sustainable and circular business models by providing €14.4 million in funding, covering up to 50% of investment costs. The scheme will assist over 40 SMEs, encouraging technological modernization and a greener economy, in line with Cyprus’s Industrial Policy until 2030.
