Exports from Cyprus only make up a small percentage of its GDP, but they are still an important economic factor for its small economy. For 2013, the value of exported good totalled to 716 million euro. The following table shows a breakdown of what was sent out and their destinations for the top 7 importers of Cypriot […]
Yesterday the plan for Cyprus’s Digital Strategy has been approved by the Cabinet. The plan covers 3 years starting with 2015 and its part of the wider plan to restructure the economy and create new jobs. 75% of the implementation costs will come from EU funds. The objectives of the plan include: Modernisation of the […]
Even though the economic situation in Cyprus doesn’t seem to be getting any better (some would argue its getting worse), car sales continue to increase. According to the Cyprus Statistical Service, private saloon-type car sales increased by 30.2% (10120 cars registered) during the first 7 months of 2014 compared to the same period last year. […]
Sunday and Wednesday afternoon shoppers rejoice. The cabinet has approved the extension of the decree which allows shops to remain open on Sundays and Wednesday afternoons essentially making the whole island a tourist zone as far as shopping hours are concerned. In the meantime the government is working on finding a middle ground regarding the […]
Today is the opening evening of the 53rd annual Wine Festival at the Municipal Garden in Limassol which will run until the 7th of September. The event will take place with the participation of the four wineries of the area and another 14 regional wineries will take part for the first time. For those who […]
The Drug Enforcement Unit of the police arrested a 66 year old man yesterday for possession of half a gram of cannabis. The police acting on information secured a warrant and searched the man’s house where the evidence was found. The man was taken to Paphos Central Police Station where he was interrogated and admitted his […]
A 31 year old from Limassol was the first person to be arrested under the new legislation against violence in football stadiums whichwas recently put into effect. According to the police the man entered the pitch during the game between Apollon and Lokomotiv Moscow in Limassol on 21st August. He was immediately arrested and today […]
