I have studied the Finance Minister’s proposal which refers to the reduction of rents as they have been published in the media. I will repeat our own prior proposals on the subject, which can be provided in detail to whoever is interested. I will not comment on the statistics provided, whereby, although the declared rental
More
Just as Cyprus was getting used to the idea of a slowdown in new COVID-19 cases and that all schools would reopen next week, the Ministry of Health announced four new coronavirus infections on Saturday, all from tests at schools. The ministry said in its daily briefing that from the results of 1,564 tests for
More
Negative interest rates are coming and investors will be looking to bolster their portfolios to ‘get ahead of the curve and build wealth’, according to the a leading financial advisor, after rate options, which gauge monetary policy forecasts, implied a 23% likelihood that the key federal funds rate will drop below zero by the end
More
Economists, more so politicians, seem to be upset over the ‘unfavourable’ and negative publicity Cyprus is once again exposed to in the foreign media over the haphazard way passports have been dished out in the past. The argument has been that the Cyprus economy has earned some €7 bln from selling about 4,000 passports, at
More
George Soros, the billionaire investor and philanthropist, believes the world was unprepared for the COVID-19 virus, but that although he had been anticipating a ‘revolutionary moment’, he regards the coronavirus pandemic as the crisis of his lifetime. In an interview with Gregor Peter Schmitz, Editor-in-Chief of the ‘Augsburger Allgemeine’, Soros said that nobody knows how
More
Cyprus has issued a yellow warning this weekend for extremely hot weather as maximum temperatures are expected to reach a sweltering 41° Celsius making it one of the hottest May days on record. The Met Office issued a warning for Saturday for people to avoid the heat during 12.30 and 5 pm as it will
More
DBRS Morningstar has confirmed the Republic of Cyprus’s long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to ‘stable’ from ‘positive’, with the short-term foreign and local currency – issuer ratings at R-2 (middle) and the trend also changed to ‘stable’ from ‘positive’. The rating agency said that the
More
The Deputy Ministry of Tourism is pressing for health protocols to be established for the tourism sector in a drive to reboot the industry after COVID-19 lockdown with hotels expected to open in July. Noting that the best-case scenario sees two-thirds of all tourism income lost, Deputy Minister Savvas Perdios said that time is of
More
Many expats are likely to face “unexpected tax complications” because of the lockdown restrictions, the CEO of one of the world’s largest independent financial advisory firms has warned, as nations around the world are beginning to ease the measures put in place to reduce the spread of Covid-19. “Many expats, and others who live outside
More
Almost two weeks since Cyprus started exiting lockdown and COVID-19 cases are still kept to a minimum with only three cases reported on Friday. The three new cases – from two the previous day – have taken the total for Cyprus to 910 since the outbreak began on March 9 (including 12 in the British
More
