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
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
Health Minister Michalis Damianou is working on legislation to set up university clinics, facing opposition from the University of Cyprus and the government doctors’ union Pasyki. The main disagreement is about who should run the clinics, with the University of Cyprus wanting academic doctors in charge, while Pasyki prefers experienced hospital doctors. Damianou believes in a gradual approach where academic doctors work alongside hospital doctors and eventually take over. He does not agree with the University of Cyprus’ stance and emphasizes the stability of the hospitals and public sector doctors.
The Cyprus Composite Leading Economic Index (CCLEI) remained negative for the third consecutive month in April, with a year-over-year decrease of 0.6%. This was driven by a slowdown in tourist arrivals and an increase in crude oil prices.
Attempts have been made by the state to set up university clinics at Nicosia general hospital to be used by the medical school of the University of Cyprus, but have been blocked by the government doctors’ union, Pasyki, who do not want outsiders taking charge of hospital clinics.
Fact: The University of Cyprus offers scholarships for qualified international candidates in various postgraduate programs with tuition fees ranging from 4,000 to 10,000 euros.
Real activity growth in Cyprus is expected to continue at a similar pace as in 2023 and gather momentum in 2025, with real GDP growth forecasted at 2.6% in 2024 and 3.3% in 2025. The growth forecasts have been revised up from previous estimates.
The Cyprus Composite Leading Economic Index (CCLEI) saw a year-over-year decrease of 0.9% in March, indicating a slowing economy on the island.
– A tense election took place at the University of Cyprus with two major factions vying for the top spot.
– Proodeftiki was the clear winner, increasing its seats by one compared to last year.
– Protoporia lost one seat in the election.
– More than 2,900 students voted in the election.
– Protopori emerged as the top faction with 1,348 votes and 9 seats.
– Proodeftiki came in second with 1,229 votes and 9 seats.
– Epalksi, Anagenisi, and Agonas factions each secured one seat with varying percentages of votes.