A nine-month loan repayment freeze and a €1.4 bln capital release issued to the banks, gave time for the economy to recover from the shock of COVID-19 lockdown, said Cyprus Central Bank Governor Constantinos Herodotou. Speaking in a web discussion organised by the UCL Alumni Cyprus Club and the non-profit organisation Oxygono, Herodotou described the
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Cyprus coronavirus transmission rate (R0) has declined even further to 0.65 per infected person, according to the latest epidemiological data released by the Ministry of Health. According to data, updated on 2 June, three methods used by scientists indicate a decline in the virus’ reproduction number – how many a person can infect – as
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Cyprus is among the countries considered to be a safe holiday destination for German citizens, German Chancellor Angela Merkel said. She made the comment during an extensive telephone conversation with President Nicos Anastasiades, whom she congratulated for Cyprus’ positive results during the COVID-19 pandemic. Anastasiades informed Merkel on Nicosia’s effective handling of the outbreak and
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Cyprus is winning the fight to contain the coronavirus outbreak reporting zero cases of COVID-19 on Thursday with the total number of infections remaining at 958. Health authorities have managed to reach zero cases before but have failed to stay there for more than a day. Scientists said they were pleased to announce that no
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Cyprus could permit entry to UK tourists in the next few weeks although travellers might need to present evidence of a negative coronavirus PCR test or take one on arrival, said Tourism Minister Savvas Perdios. Speaking to Sky News, Perdios said the decision to exclude the UK as a source country of origin of flights
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Cyprus has been successful in controlling COVID-19 but must keep on its toes while the EU should improve the overall quality of healthcare to be better positioned to deal with pandemics, said Health Minister Constantinos Ioannou. “We are successful so far, but we need to stay successful. We need to be vigilant, not complacent and
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Cyprus President Nicos Anastasiades will visit Israel on June 23 to promote joint defence, tourism ties and discuss Turkey’s tension-raising activities in the region. Government spokesman Kyriacos Koushos told the Cyprus News Agency (CNA) that delegations of the two countries will also discuss foreign and defence policy issues, energy, and matters related to tourism. Koushos
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By Hussein Sayed, Chief Market Strategist at FXTM The rally in stocks led by the US has returned some indices close to their record highs reached before the Covid-19 outbreak. The Nasdaq composite has gained 46% since bottoming out on March 23 and is only 1.6% away from its all-time high, while the S&P500 is
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Cyprus’ Natural Gas Infrastructure Company (ETYFA) has issued notice to proceed with the international consortium awarded the contract to build an LNG Import Terminal, the island’s largest energy project. According to ETYFA’s statement, by accepting the notice, “the parties of the Consortium declare their commitment and their ability to deliver the natural gas infrastructure for
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Foreign ministers of Greece, Cyprus and Jordan, have agreed, when conditions allow, to travel to Iraq to promote regional cooperation. Cyprus Foreign Minister Nikos Christodoulides participated in a teleconference with his counterparts from Greece and Jordan Nikos Dendias and Ayman Safadi. The ministers exchanged views on the progress made in tripartite cooperation between Cyprus, Greece
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