Cyprus is not affected by easyJet’s decision to close three major airport hubs on September 1, affecting hundreds of flights, as the island is already faced with limited connectivity in the aftermath of coronavirus. An easyJet representative told the Financial Mirror the company’s decision will not damage Cyprus’ already limited connectivity as easyJet flights from
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Developers fear they will be left with a large glut of unsold luxury flats on the market as interest from foreign investors wanes due to COVID-19 restrictions. Built to suit the needs of foreign investors eyeing a Cyprus passport, and beyond the pocket of local buyers, these flats will soon start piling up, as applications
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By Lukman Otunuga, Senior Research Analyst at FXTM Who would have expected that nearly six months after COVID-19 immobilised the global economy and hammered financial markets, US stocks would rise to fresh record highs? This has been another phenomenal trading week for markets with US equity bulls stealing the show by propelling the S&P 500
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From time to time we publish “entertaining” articles to amuse our readers and this is one of them, which falls within the spirit of the summer holidays. We hereby report what we overheard from other swimmers during their (mainly) group discussions over the last 3 weeks. A group of bathers were discussing the negative returns
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Michalis Frederikou, educational pioneer, founder and president of Frederick University, has died aged 83. The university issued an announcement saying, “his funeral will be held on Monday 24 August at Agias Varvaras church in Kaimakli. Due to the coronavirus pandemic and the social distancing measures, the family will not be accepting condolences and the funeral
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Cypriot health authorities reported 11 new Covid-19 infections on Friday, one up from the previous day, but down from the 26-case surge in mid-week with tests remaining relatively high. The 11 infections were diagnosed after 3,201 tests, bringing the total number of Covid-19 cases to 1,406 since March. Among the new cases, five had a
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The Deputy Ministry of Shipping has warned boat owners, spearfishers and snorkelling divers to adhere to the rules regarding markers and buoys, following an accident in Larnaca Bay when a diver was killed by a speed boat propeller. The ministry, which is the competent authority for regulating coastal activities and licensing pleasure boats, said it
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Cyprus students will be returning to school in early September after COVID-19 lockdown shut them out but they must wear a face mask in class. Following a cabinet meeting at the Presidential resort in Troodos, Education Minister Prodromos Prodromou told reporters the new school year will kick off in September with all students physically attending
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Cyprus has unveiled its roadmap of restrictions for weddings, christenings and other mass events that will last until January in an attempt to put the lid back on COVID-19 cases. President Nicos Anastasiades convened a cabinet meeting at the Troodos on Friday to decide on several measures that will remain in place until 15 January
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Cyprus tourism revenue recorded a steep annual drop for the first six months of this year, data released by the Cyprus Statistical Service show. Revenue from tourism in June 2020 reached €6.7 mln compared to €350.4 mln in the same month last year, recording a decrease of 98.1%. For the six-month period January-June, revenue from
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