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Ermes sells flagship stores for €119 mln to offset debt

Retail operator Ermes Group – the CSE-listed Ermes Department Stores, Cyprus Trading Corporation and Woolworth (Cyprus) Properties – have sold their two flagship stores in Nicosia and Limassol for €119 mln to

6th August 2020
Business

COVID19: Most new Cyprus cases are local infections

A big jump in recent new infections is down to COVID-19 being transmitted locally rather than cases with a travel history sparking the rise, Health Ministry data shows. After weeks of low

6th August 2020
Cyprus/Life & Society

MOODYS: Bank of Cyprus toxic debt sale to PIMCO is credit positive

Bank of Cyprus agreeing to sell a portfolio of nonperforming loans with a gross book value of €916 mln to funds affiliated to global fixed-income investment manager PIMCO is a positive step,

6th August 2020
Business

COVID19: Cyprus surge should wane in three weeks

After a spike in COVID-19 cases that has seen the virus spread, Cyprus should be back to single-digit infections within three weeks if measures like wearing masks are followed, a government expert

6th August 2020
Cyprus/Life & Society

COVID19: Cyprus struggles to keep lid on new cases

Struggling to contain an outbreak on several fronts as the virus spreads Cyprus on Wednesday reported 15 new COVID-19 cases, following 25 the previous day. Wednesday’s cases resulted from a total of

5th August 2020
Cyprus

Cyprus assists in Beirut rescue mission

Cyprus has sent in two rescue teams with specially trained dogs to help emergency services on the ground in Beirut to find survivors trapped under collapsed buildings following a massive blast in

5th August 2020
Cyprus/Middle East

Cyprus to send medical aid to Lebanon

Cyprus will be flying in emergency medical aid to Beirut where a blast killed at least 100 people, injured 4,000 and made another 300,000 homeless. Lebanon’s Ambassador Claude El Hajal said her

5th August 2020
Cyprus/Middle East

Thousands homeless in Beirut, Cypriots to be evacuated

Thousands of people, including Cypriots, were left homeless from the devastating blast that rocked Beirut while Cyprus stands ready to assist, Nicosia’s ambassador to Lebanon Panicos Kyriakou said. The Cyprus Embassy and

5th August 2020
Cyprus/Middle East

COVID19: Cyprus fears hotspots, more tests launched

Cyprus health authorities are worried over the spread of coronavirus in the community following the completion of 3,000 random tests islandwide highlighting several clusters. In an attempt to determine where the virus

5th August 2020
Cyprus/Life & Society

Heavy fines, hunting bans for bird trappers in UK bases

With only weeks to go until what is usually the start of the illegal bird trapping season, British Bases police said more than €10,000 in fines have been issued to trappers in

5th August 2020
Cyprus/Life & Society
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