School teachers threaten strike action after the government changed its compulsory quarantine rules for close contacts of covid cases at schools, favouring daily tests for five consecutive days. From Monday until February
Cyprus will tap the international markets on Thursday by issuing a €1 bln ten-year European Medium-Term Note (EMTN) to cover fiscal needs arising from the pandemic. The Finance Ministry said, “the Republic
Bitcoin, other cryptocurrencies and NFTs are more trusted than stocks to give investors better returns in 2022, according to a recent survey on a business networking platform. The poll taken by almost
Cyprus reported four coronavirus deaths on Wednesday, a drop in daily cases to 3,197, an increase in hospitalisations to 266 and critical patients rising to 93 from the previous day. The health
The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)
Turkish Cypriot authorities have locked in a 40% increase to the minimum wage from 7,000TL (€445) in the north, up from the previous level of 4,970TL (€316), introduced in September. The decision
Testing rules for schools and nursing homes were tightened on Wednesday, as the government ushered in additional measures to stem an Omicron powered fifth wave of infections. Next week, authorities will introduce
October 2021 was the most profitable October for the tourism sector as income from tourists holidaying on the island hit an all-time high for the month. According to data by the Cyprus
From 14 January, people travelling to Cyprus aged 12 and above are no longer required to have a PCR test 48 hours before their departure, as authorities provide travellers with the option
A Cyprus task force conducted a coordinated operation in the Paphos village of Chlorakas following recent violence involving 150 people and the police. Paphos police, officers from the Crime Prevention Squad and
