Brussels has given Nicosia the green light to help out coronavirus-struck airlines flying to Cyprus with a €6.3 mln incentive scheme. The Ministry of Transport announced on Thursday that the state incentive scheme was approved under the European Commission’s state aid temporary framework. Under the scheme, Cyprus will be giving out each company direct grants
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After several telecom towers were torched in Limassol, in actions encouraged by COVID-19 and 5G conspiracy theories, police are building cases against instigators who incite their online followers to break the law. Cyprus police are ready to prosecute around 22 suspects believed to have incited their online followers through social media posts to destroy or
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Still suffering from COVID-19 lockdown measures, Cyprus unemployment rose to 10.2% in May, higher than the 7.3% average across the EU, official figures showed on Thursday. In Cyprus unemployment increased to 10.2% in May (9.7 for men and 10.8% for women) with 47,000 people out of work. This was an increase from 8.9% jobless rate
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France Defence Minister Florence Parly said she was concerned about Turkish moves in the Eastern Mediterranean and expressed support for the maritime rights of Cyprus. Addressing the European Parliament’s Security and Defence Subcommittee (SEDE) Parly commented on Turkish moves in the Eastern Mediterranean. “We examined the role of Turkey in Libya…France does not believe in
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Cyprus public transport is being overhauled with Nicosia and Larnaca set to enjoy an improved bus service with better frequency and more routes. The Transport Ministry has assigned Nicosia and Larnaca’s bus routes to a newly formed consortium that goes live on Sunday 5 July with work on the new networks completed by the end
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A spike in Cyprus’ public debt will come down after the coronavirus pandemic eases, but Moody’s said it would consider upgrading the island’s credit rating if the banking sector reduced its toxic loans. “The credit profile of Cyprus (Ba2 positive) reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in
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By Hussein Sayed, Chief Market Strategist at FXTM Stock markets across Asia tracked Wall Street higher Thursday following upbeat data from the US and early positive results from Pfizer’s first phase of its Covid-19 vaccine trial. Investors seem to be focusing on the half full portion of the glass and not the other way round.
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Authorities in the Turkish occupied north of Cyprus reported their first coronavirus case after a 75-day lull, causing an uproar in the community. The case, imported from Turkey, was confirmed on Wednesday night by Turkish Cypriot health minister Ali Pilli. It was detected on the first day the north lifted obligatory quarantine for arrivals from
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Cyprus hopes to strike a bilateral agreement with Britain, to allow Cypriot students to continue with their studies at English Universities without paying higher tuition fees from 2021. Cypriot students will be paying higher tuition fees at British universities from 2021 and they will no longer have access to study loans post Brexit. Foreign Minister
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Cyprus health authorities confirmed another new case of COVID-19 on Wednesday which involves a person returning to Cyprus from Bulgaria last month. The new positive case was identified from 1,204 tests, bringing total COVID-19 infections since the outbreak in March to 999. Wednesday’s infection was identified through 36 tests carried out on tracing contacts of
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