improvement

Our View: If private company was in charge, Nicosians would have a pool by now

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Our View: If private company was in charge, Nicosians would have a pool by now

The Nicosia municipal swimming pool will be closed for the fifth consecutive summer season in 2024 due to the public sector’s inefficiency and lack of competence. The pool needed a major overhaul after 30 years, but the project has been delayed significantly. The pool was handed over to the Cyprus Sports Organisation for training purposes, leaving the public without an affordable swimming option for several years.

Eurozone manufacturing sees potential signs of recovery in May

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Eurozone manufacturing sees potential signs of recovery in May

The eurozone manufacturing Purchasing Managers’ Index (PMI) rose to 47.3 in May from April’s 45.7, showing new orders declined at their slowest pace in two years.

Sheinbaum poised to become Mexico, ’s first woman president

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Sheinbaum poised to become Mexico, ’s first woman president

Claudia Sheinbaum is set to win a landslide victory to become Mexico’s first female president, with provisional results showing her leading with 59% of the vote.

UK retail sales bounce back in May, price growth slows

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UK retail sales bounce back in May, price growth slows

– British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather.
– The Confederation of British Industry’s monthly retail sales balance recovered to +8 this month after tumbling to -44 in April.
– More retailers felt sales were normal for the time of year than at any other time in the past eight months.
– The CBI’s measure of selling price inflation was its slowest since August 2020 and was below its long-run average.
– The British Retail Consortium said its measure of shop prices showed the weakest increase in two-and-a-half years this month.
– Falling inflation and continuing real wage growth will contribute to a healthier consumer outlook, supporting the retail sector further.

Services boost May economic sentiment

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Services boost May economic sentiment

The Economic Sentiment Indicator (ESI-CypERC) in Cyprus increased by 1.6 points in May to 104.5, up 1.4 points from the previous year.

German business sentiment stagnates in May

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German business sentiment stagnates in May

German business morale stagnated in May, with the Ifo institute reporting that the business climate index remained constant at 89.3, falling short of the forecasted improvement. The German economy is expected to have slow progress in its recovery this year, with companies being less satisfied with the current business situation. Despite some sectors recovering, the overall outlook remains cautious.

Geri Olympics kick off with promises for national strategy

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Geri Olympics kick off with promises for national strategy

A national strategy to support the elderly is set to launch by September.

This is what we did and this is what we got from the EU Recovery Fund

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This is what we did and this is what we got from the EU Recovery Fund

Cyprus has managed to promote important reforms and launch public investments through the Recovery Plan, with more than 40 sponsorship projects announced. The amount available through the sponsorship projects is €460 million. The country has received €262 million from the European fund, with additional tranches expected to be disbursed later this year.

Both Labour and Tories lack , ‘the vision thing’

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Both Labour and Tories lack , ‘the vision thing’

British Prime Minister Rishi Sunak announced an early general election for July 4, 2024, without the UK government insignia, indicating it was not government business. Sunak continued his announcement despite being drenched in rain, facing criticism for not using an umbrella. The Conservatives lag behind Labour in polls, with Sunak taking a gamble by calling the election early. Both Sunak and Labour leader Keir Starmer are seen as uninspiring choices for prime minister.

Education minister reaffirms commitment to improving schools

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Education minister reaffirms commitment to improving schools

Education Minister Athena Michaelidou reiterated the government’s commitment to enhancing both the structural and pedagogical functions of schools to meet contemporary educational requirements and support the development of knowledge, skills, principles, attitudes, and values. The refurbishment works completed at Palouriotissa Primary School A significantly boost its functionality and effectiveness, with funds obtained from the Recovery and Resilience Plan funding. The goal is to ensure uninterrupted access to learning in functional and suitable spaces, creating a modern, human-centered, inclusive school environment. Key achievements during the first year of the Christodoulides administration include updating curricula, expanding the all-day school program, transitioning from special to unified education, and introducing measures for the prevention and intervention in issues of violence and delinquency.