Buy to let is one of the favourite investments for Cypriot investors, who extend their interest outside Cyprus primarily in the U.K. (London) and Greece (Athens), as well as other towns with a high population of students. With the prevailing situation of deposit rates (which now are negative), the near uncertainty of the local banks
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Cyprus on Friday confirmed another 14 new COVID-19 cases from 3,539 tests carried out bringing the total number of infections to 1,222 and 19 deaths. Since lifting travel restrictions and limits on social gatherings, Cyprus has seen COVID-19 steadily spread within the community with the majority of cases aged under 40. Four of the new
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Cypriot police said they had questioned a Russian suspect over alleged links to a ship and its cargo of ammonium nitrate said to have caused the devastating explosion in Beirut. “Lebanese authorities asked us to locate the individual and ask him some questions, which we did,” a Cypriot police spokesman told AFP. “His response has
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By Han Tan, Market Analyst at FXTM Investors will have a lot to digest on Friday, with several key themes set to play out ahead of the weekend. Risk assets are taking a breather from recent gains with Asian stocks and currencies mostly in the red, while US equity futures are in negative territory in
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Cyprus President Nicos Anastasiades Friday called on Cypriots and businesses to contribute to the Beirut blast recovery effort by donating generously to the campaign for collecting food for Lebanon. Anastasiades said in a written statement that Cyprus acknowledged the “drama which the neighbouring friendly people of Lebanon have been experiencing as well as the emergency
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Two Cypriot rescue teams with specially trained dogs have begun searching through the rubble for survivors trapped under collapsed buildings in Beirut’s ‘ground zero’ following a massive blast. The two teams, five members of the Police Emergency Response Unit (MMAD) and five from the Disaster Emergency Response Unit (EMAK), were sent in on Wednesday on
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Cyprus will see an increase in UK tourists from mid-August after a major British tour operator came to an agreement with the Deputy Tourism Ministry to reinstate package holidays to the island. This was revealed by Deputy Minister of Tourism, Savvas Perdios to state radio CyBC. He did, however, avoid revealing more details on the
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Cyprus is having a hard time containing new coronavirus cases as the virus transmission rate in the country has doubled, according to official data. During a press conference, Dr Zoi-Dorothea Pana and Dr Leondios Kostrikis, members of the epidemiological team advising the government on coronavirus said the transmission (R) rate is now somewhere between 1.6
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Still struggling to contain the virus spreading, Cyprus on Thursday confirmed 13 new COVID-19 cases, surpassing a total of 1,200 cases reported since the outbreak in March. Thursday’s cases resulted from a total of 3,468 tests carried out, bringing the total to 1,208. Three of the new infections have a connection to previously identified COVID-19
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Stalled Cyprus-Israel talks seem to be on the right track in a rights dispute over the Aphrodite gas field, Cypriot Energy Minister Natasa Pilides said, after her first video chat with Israeli counterpart Yuval Steinitz. In statements to CNA Pilides said the issue has progressed and next week there will be a discussion between senior
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