Brussels is initiating a series of new economic measures worth €11 mln to help address broader socio-economic impact of the Covid-19 pandemic in the Turkish Cypriot community. This package includes support for structural business reforms, grants for micro-businesses and industry, and direct investments for energy efficiency measures to stimulate green growth and jobs said the
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British Bases on Cyprus said on Thursday that two members of its community contracted coronavirus in as many days this week after infections remained stable for some time since March. “We can confirm that one further member of the British Forces Cyprus community yesterday (May 13) tested positive for COVID-19. The individual is currently in
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By Hussein Sayed, Chief Market Strategist at FXTM US stocks slipped for a second consecutive day on Wednesday, after Fed Chair Jerome Powell warned that the current pandemic raises concerns about long-term economic damage with significant downside risks to the outlook. The Federal Reserve chairman’s comments reminded equity bulls that the economy cannot be turned
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When Aris Aristides decided to return to Cyprus in 2016, he was ready to embark on a lifelong dream to craft a premium dry gin, using only native organic and natural ingredients. He even went as far as to find an indigenous variety of enzymic barley that would have a double purpose – to produce
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Cyprus on Wednesday announced only two more coronavirus cases, but the COVID-19 death toll rose to 17 after an elderly woman died from the virus. The two new cases were detected after conducting 1,946 lab tests. According to the Ministry of Health, an 85-year-old woman with serious underlying health conditions died at Limassol General, where
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Cyprus on Wednesday said a chartered flight from China carrying 36 tonnes of Covid-19 medical supplies was diverted to Moscow after Turkey denied the aircraft entry into its airspace. Cypriot Transport Minister Yiannis Karousos told the official Cyprus News Agency that Ankara denied the pilot permission to enter Turkish airspace on its way to the
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Cyprus’ Attorney General is mulling over whether to intervene in the case of a love-struck Romeo who was jailed for 45 days after breaking COVID-19 curfew to see his girlfriend. Many deem the prison term to be harsh in this case, especially when there are other options for punishment. Costas Clerides told the Cyprus News
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Turkey is likely to see a contraction of 3.5% in 2020 because of the economic impact of the coronavirus pandemic, the European Bank for Reconstruction and Development (EBRD) said in its latest macroeconomic forecast. The bank expects the country to recover rapidly in 2021 with GDP growth of 6.0%, but it said that the forecast is heavily
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Cyprus travel agents are placing their bets on the autumn months as, if all goes well, the majority of countries will have lifted restrictive measures introduced to stem the coronavirus pandemic. Chairman of the Association of Cyprus Travel Agents Vasilis Stamataris said that while the summer season can partially be saved as the island is
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There is no reason to believe coronavirus will disappear from Cyprus with a likely second wave expected in the autumn, said infection control expert Constantinos Tsioutis. He said society must get used to living with COVID-19, especially with no vaccine yet available. “What we need to do is to learn how to live with the
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