18.01.2018

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" CENT " ( 7 )

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Cyprus has high levels of sick leave

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Cyprus had the highest levels of paid sick leaves in 2015 across the EU, figures published by Eurostat revealed on Friday. According to the figures, the share of total social benefits spent on paid sick leave was 8.5 per cent in Cyprus, more than double the EU average, which stood at 3.6 per cent. Cyprus was followed by Germany and the Netherlands, both of which paid 6.1 per cent on paid sick leave benefits as a percentage of total social benefits. The lowest share of expenditure on paid s

Cyprus Mail

Ministry announces rise in airport passengers

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A rise of 14.2 per cent in passenger numbers for 2017 at Larnaca and Paphos airports was announced by the ministry of transport on Tuesday. According to the ministry, the airports were used by more than 10 million passengers last year compared to 8.9 million in 2016. Over the past five years, the ministry said, the number of passengers using the two airports has risen by 45 per cent. The ministry puts this success down to the policies undertaken by the government, which attracted investmen

Cyprus Mail

National Unity Party takes first place in elections in north

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The National Unity Party (UBP) took first place in the elections in the north on Sunday, gaining 36.5 per cent of the vote and 21 seats in the ‘parliament’. The party was followed by the Republican Turkish Party (CTP) with 21.8 per cent of the vote (12 seats) and the People’s Party (HP) with 16.9 per cent (nine seats). The Cyprus News Agency reported the Republican Turkish party saw a large drop in the number of voters, 17 per cent less compared to the elections in 2013. In the 28 July 201

Cyprus Mail

TCs view GCs far more positively than 10 years ago, surveys show

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Contact between the two communities over the years has dispelled many prejudices and political narratives and Turkish Cypriots view Greek Cypriots in a more positive light but they still don’t want mixed cohabitation, the results of three University of Cyprus surveys since 2007 have shown. According to University of Cyprus associate professor Charis Psaltis, the surveys, conducted in 2007, 2010 and 2017, put the same questions to Turkish Cypriot respondents in Turkish. To the question “I don

Cyprus Mail

Quarter of Cypriots cannot afford to heat homes

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The number of people in Cyprus who could not afford to heat their homes last year was almost three times the EU average, according to an infograph released by Eurostat on Friday. Nine per cent of people in the EU said they could not afford to heat their home sufficiently, according to the stats. The largest share of people who said they were unable to heat their home was recorded in Bulgaria at 39 per cent, followed by Lithuania and Greece both at 29 per cent, Cyprus 24 per cent and Portugal

Cyprus Mail

Greek stock market off to a strong start

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Node Tools There's been talk circulating about Greece's economy strengthening, and now the figures are able to speak for themselves. According to the Athens Exchange (ATHEX) general index, the Greek stock market has reached a new four month high in what is expected to be a strong 2018. In its first session for the year on Tuesday, the market's benchmark added 2 per cent to its closing figures for 2017. On Friday the index stood at 802.37 points, and ended at 818.51 points. The large-cap

Neos Kosmos

Rise in number of new businesses created in Greece

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Node Tools In what is seen as the first tangible sign of optimism, the number of new businesses created in Greece in 2017 was 5.7 per cent higher compared to 2016, while the number of business closures fell by 34.8 per cent. According to data provided by the business registry of the Ministry of Economy, 30,077 new businesses opened in 2017, while 24,046 terminated their operation. In 2016, the corresponding figures were 28,463 and 36,881 respectively.

Neos Kosmos

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