British Bases police in Akrotiri donated 60 boxes of food and toiletries to surrounding Limassol villages to help 100 families badly affected by the Covid-19 pandemic. The Food Aid programme, which was first introduced during the financial crisis of 2013 aims to help families that are struggling financially. The presentation at the SBA Police Station
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Gather the CEOs of any business and the first topic of conversation is how banks are mistreating them, how banks are late in their response and inflexible, how frustrating it is to secure financing from them. The problem experienced by business owners is not with one specific bank, but with all of them, which brings
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By Hussein Sayed, Chief Market Strategist at FXTM Following a 6.8% contraction in the first three months of 2020, the Chinese economy bounced back in the second quarter recording GDP growth of 3.2%, well above the 2.5% economists had expected. Given that China has managed to largely control the spread of Covid-19 since April, it
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Turkey’s continued gas drilling inside Cyprus waters is sending Europe the wrong message about its willingness to follow international norms and cooperate with its neighbours, said Germany. German Foreign Ministry spokesperson Christopher Burger said on Wednesday that EU foreign policy chief Josep Borrell has the mandate to hold discussions with Turkey about its relations with
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Despite a minor increase in expenditure in scientific research and experimental development, Cyprus is still third from bottom in the EU R&D league table, just above Malta and Romania. Total R & D expenditure in Cyprus in 2018 is estimated at €133.1 mln which is 0.63% of Gross Domestic Product, compared to €110.2 mln or
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Cyprus President Nicos Anastasiades will meet German Chancellor Angela Merkel in Brussels on Thursday as Nicosia goes on a diplomatic offensive to buffer Turkey’s actions in the East Med. Germany currently holds the EU presidency and Anastasiades is sounding out leaders ahead of the European Council summit taking place on July 17-18. Anastasiades is expected
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Cyprus confirmed another two new COVID-19 cases on Wednesday, one involving a person with a recent travel history to Romania and a local infection. The first case was a passenger from Romania who arrived on Tuesday and was tested at the airport along with another 657 repatriated Cypriots and international arrivals. A second case involved
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Two new photovoltaic parks financed by RCB Bank have been successfully connected to the national grid, adding another 7.5MW to Cyprus’ renewable energy capacity. The financing to park owners Galascope was provided partly through RCB Bank’s own funds and through relevant agreements between RCB and the European Investment Bank (EIB). “Supporting Cyprus in reaching its
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Cyprus is intensifying efforts to strike a bilateral agreement with Britain that allows thousands of Cypriot students to study at English Universities without paying higher tuition fees from 2021. Education Minister Prodromos Prodromou had the opportunity to discuss the matter with British Minister of State for Universities at the Department of Education Michelle Donelan. The
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Crowds at big events like weddings and concerts will see their number restricted for the foreseeable future while night clubs remain closed until September, the Cyprus Health Ministry said Wednesday. It is taking a more cautious approach in gradually lifting crowd limits, after reviewing health guideline from institutions such as the World Health Organisation. The
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