Even after weeks of increased tension in the East Mediterranean and Libya, caused by continuing Turkish provocations or outright military involvement (Libya), threats (Greece, Cyprus), Brussels has shown its weakness. Again, it has shown it is not a European Union but a loosely organized economic body without the will or power to confront aggression to
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Cyprus health authorities confirmed six cases of COVID-19 on Saturday, one was linked to the UK while the other five were traced to cases in Limassol where experts fear a new cluster is forming. The six cases were found from 1,682 tests bringing the number of total infections since March to 1,053. One person who
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As Cyprus tourism, hardest hit by COVID-19, is trying to stand on its feet it is dangerously running out of time due to an over-reliance on its warm Mediterranean sun and sandy beaches. The shutdown of borders, the grounding of flights, imposition of social distancing measures and closing hotels and restaurants have spelt disaster for
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By Marinos Kineyirou Cyprus government measures to subsidise mortgages, in a bid to support the COVID-19 struck economy, seem to be paying off, as young couples are exhibiting an ever-growing interest in apartments or houses. The Plan, which only covers loans for homes and therefore covers the purchase or the construction of a first residence
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EuroAsia Interconnector has secured the final building permit for its electricity converter station in Cyprus, where the €2.5 bln 1,000MW cable project will converge from Israel and Greece, connecting the power grids of all three countries by December 2023. The company said in an announcement that “the issue of the relevant permit provides the green
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By Demetra Kalogerou The recent crisis in the health and economy sector caused instability in the international financial markets, which in turn boosted markets such as forex, which prior to the COVID-19 pandemic had been experiencing a prolonged period of low volatility. At the same time, certain financial instruments had low liquidity, especially those whose
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Cyprus confirmed two coronavirus cases on Friday, but in a worrying trend, both cases were classified as ‘orphan’, meaning that health authorities have not traced the source of the infection while both were found in Limassol. There have been several other cases in Limassol where authorities were unable to detect the source of the COVID-19
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Cyprus said on Friday it will be spending €33 mln to stabilise the soil in Limassol’s Pissouri village (Limnes area) where heavy subsidence has caused serious damage to dozens of properties. The government said it will begin earthworks in 2021 to stabilise the area in which dozens of houses were ripped apart over the past
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Cyprus tourist arrivals suffered a sharp drop of 98.2% in June arrivals due to coronavirus pandemic travel restrictions, official data on Friday showed. Following three months of lockdown, Cyprus only lifted a ban on commercial flights on June 9 while it restricts entry to countries based on their COVID-19 risk status. With major market Britain,
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Cyprus’ Department of Meteorology issued an ‘extreme high-temperature warning’ for Friday with maximum temperatures soaring to a blistering 41 degrees Celsius. Hotter than usual weather is expected to continue over the weekend and go up another notch on Monday. The weather warning is the 42nd issued by the Department this year for high temperatures. It
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