The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.

Newly elected President Nikos Christodoulides will be invested by the House of Representatives, as stipulated by Article 42 of the Cypriot constitution, on February 28 at 11.30am.

Cyprus Airways carried more passengers in January this year than in 2019 before the start of the pandemic, the carrier announced on Monday.

With 100 per cent of votes counted Nikos Christodoulides had a clear lead, echoing what exit polls had earlier suggested.

Cyprus and India can mutually benefit through a deeper and broader economic and business collaborative relationship, according to an analysis released this week by two executives from consulting and advisory firm PwC Cyprus.

Port management company DP World Limassol on Wednesday announced that it had one of its best years since taking over as operator in 2017, recording an impressive performance in 2022, with Limassol port’s cruise business and cargo volumes growing significantly compared with 2021.

Paphos is set for a major investment boost after the council of ministers approved the upgrading of the Paphos marina, with the door now open for luxury cruise ships.

Just over 72 per cent of people voted in the first round of presidential elections, while close to 30 per cent of people abstained, a trend that has been steadily rising over the past two decades.

Cyprus’ tourism revenues for the period between January and November 2022 are estimated to have amounted to €2.3 billion, coming close to pre-pandemic levels, according to a report released this week by the Cyprus Statistical Service (Cystat).