CCLEI growth rate , ‘stable’ in June

CCLEI growth rate , ‘stable’ in June

The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, remained stable in June, as a result of opposing trends within the economic indicators composing the CCLEI, the University of Cyprus said in a monthly report. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the … Read more

Tourist investments and risks

Tourist investments and risks

A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more

CCLEI , ‘marginally positive’ in May

CCLEI , ‘marginally positive’ in May

A leading indicator, used to predict the future direction of economic movements in Cyprus, turned marginally positive in May, halting the negative year-on-year growth of the index observed in the past three months. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year … Read more

Schools close on red alert, hottest June ever

Schools close on red alert, hottest June ever

Primary pupils were sent home early on Friday, as soaring temperatures reached a high of 45 degrees Celsius, and most public schools are not well equipped to handle the scorching heat. The Ministry of Education ordered all state schools to close early after a red alert was jointly issued by the Health Ministry, the Labour … Read more

Tales from the Coffeeshop: Heatwave produced a whole lot of media hot air

Tales from the Coffeeshop: Heatwave produced a whole lot of media hot air

THE BIGGEST news story over last few days has been that it was very hot. As if anyone in Kyproulla had not felt the scorching heat and had to be informed about it by continuous reports and updates from the media.OK, it was the highest ever temperature recorded in early June, but what more is … Read more

Heatwave warning- public safety guidelines

Heatwave warning- public safety guidelines

A yellow warning was issued by the Meteorological Department for extremely high temperatures reaching around 40 degrees Celsius inland. Civil Defense issued recommendations to avoid sun exposure, wear light clothing, stay hydrated, and take care of vulnerable individuals.