The search for alternative finance has taken a new urgency following the collapse of the government’s efforts to pass the bank-loan guarantee legislation, leaving thousands of businesses, big and small, at the mercy of banks. What businesses need to know is if they are “desirable” or not from the lenders’ perspective. Points in your favour
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Real estate prices in Germany have never, since the property price index began in 2004, increased as sharply as from 2019 to 2020, according to a new infographic from Kryptoszene.de, the cryptocurrency and investment news site. Even though the number of residential listings decreased by up to 16.8% in the wake of the coronavirus crisis,
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Industrial giant Siemens AG has been chosen as the preferred bidder to build the Cyprus-Greece electricity connection, with regulators discussing issues of interoperability to ensure linking their national grids goes ahead smoothly. The transmission system operator of Cyprus (TSOC) and Greece (ADMIE), as well as officials from EuroAsia Interconnector and the Crete-Attica link operator, Ariadne,
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Swedish Foreign Minister Ann Linde is struggling to improve her country’s reputation abroad after Swedes were declared persona non-grata by fellow European Union member, Cyprus. Last week, the island said nationals from 19 European countries could enter its borders from June, based on a risk assessment of “basic epidemiological indicators.” Sweden is among a handful
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Cyprus confirmed two new cases of COVID-19, after conducting 2,214 lab tests including schools, shop staff and repatriated Cypriots, health authorities announced on Tuesday. The total number of cases in Cyprus since the beginning of the pandemic on March 9 increased to 939, including 12 in the British Bases, the number of COVID-19 deaths remains
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COVID-19 continues to take its toll on business and consumer confidence with the monthly indicator tracked by the University of Cyprus dropping to an all-time low of 72.9 points in May. This was due to “more negative assessments of the recent economic conditions than to worsening expectations”. The UCY Economics Research Centre Economic Sentiment Indicator
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Budget airline Ryanair confirmed it will fly to Cyprus from 1 July after the holiday island mapped out plans to open airports and hotels from next month. Ryanair will operate 40% of its normal July flight schedule, as Spain announced it would remove travel and visitor restrictions from 1 July. This mirrors earlier plans announced
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Since the lockdown measures eased, Cypriots have let their guard down in public places by ignoring social distancing rules, said government advisor on coronavirus Peter Karayiannis. Member of the advisory scientific committee and professor of molecular biology stressed the virus is still among us and people should be particularly careful. In statements to CNA, Karayiannis
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A young boy being treated at Nicosia’s Makarios children’s hospital with Kawasaki disease is doing well and expected to be released in the coming days, the Paediatric Clinic’s Director Avraam Elia told CNA. The boy, aged four-and-a-half, who has tested negative for coronavirus, is the third child to fall ill with the disease this year.
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Bank of Cyprus, the one-time darling of the Cypriot economy that has suffered two waves of shareholder bail-ins, announced Tuesday a first-quarter loss of €26 mln as coronavirus began to bite. This is down from a profit of €95 mln in the same quarter a year ago, but less than the hefty €186 mln loss
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