Government COVID-19 advisor, molecular virologist Dr Peter Karayiannis, expects Cyprus airports to open “sometime in June” to tourists from no more than 20 selected countries. In comments to CNA, the virologist confirmed that Tourism Deputy Minister Savvas Perdios has handed President Nicos Anastasiades a list of 20 countries, with similar epidemiological data, from which Cyprus
More
After the Republic of Cyprus announced that it will begin Phase 2 of relaxing measures relating to the COVID-19 outbreak, the British Bases confirm it is following suit. The latest relaxation of measures in the Bases, as in the Republic of Cyprus, will see greater freedom of movement, with a requirement for SMS approval, Forms
More
The European Commission recommends that Cyprus secures adequate access to finance and liquidity for small and medium-sized enterprises while strengthening the health system post-Covid19. Brussels has proposed country-specific recommendations (CSRs) providing economic policy guidance to all EU Member States focused on the most urgent challenges brought about by the pandemic and on relaunching sustainable growth.
More
Some 75,000 Cyprus students returned to their classrooms on Thursday as the second stage of relaxing restrictive measures to stem the spread of COVID-19 got underway. With the partial lifting of the lockdown, 52,768 primary and 22,886 gymnasium students have returned to school after two months away from class. Primary and gymnasium students of 71
More
Restaurants, pubs and bars can open for business as the COVID-19 lockdown comes to an end, but around 40% will not open either because they don’t have outdoor facilities or rely on non-existent tourists. From Thursday, restaurants, cafes and bars with outdoor facilities are able to welcome customers but a large number of businesses will
More
By Hussein Sayed, Chief Market Strategist at FXTM Equities are moving higher in early Asian trading Thursday after a robust performance from Wall Street the day earlier. US equities not only ended the Wednesday session higher, but the S&P 500 is making an attempt to break out of the consolidation zone it has been stuck
More
Invoice discounting or receivables factoring is set to help companies offset the cash flow crunch in the aftermath of the Covid-19 pandemic and help boost their liquidity as businesses slowly return to normal operations. Invoice discounting or factoring is the process whereby a non-bank institution purchases the trade receivables of companies involved in local or
More
Cyprus took a giant step out of lockdown on Thursday with Cypriots no longer obliged to stay home or live under curfew while more schools opened along with barbershops, outdoor restaurants and cafes. After two months of living in self-isolation, Cypriots can move around freely again while 32,000 more people are going back to work.
More
Cyprus health authorities on Wednesday announced a rise in new COVID-19 cases from one the previous day to four, as the island prepares to unshackle itself from lockdown. The four new cases were located among 1,984 coronavirus tests taking the confirmed total to 922. Three infections were found from 78 tests on tracking contacts of
More
Cyprus saw its income from tourism nosedive by 73.5% in March as it enforced a commercial flight ban and tightened COVID-19 lockdown, according to official data released Wednesday. As of March 15, entry was only allowed for Cyprus residents while tourists were banned, as part of the measures taken to prevent the spread of coronavirus.
More
