Cyprus has once again reported its lowest number of coronavirus cases since the outbreak started on 9 March with just two new infections at the end of the first working week since the lockdown was eased. Friday’s two new cases equalled the low recorded on 4 May, the day relaxations were introduced on free movement
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President Nicos Anastasiades on Friday assuaged concerns of parents, teachers and students over the reopening of schools, after confusion on whether health experts said it was safe to go back. With all schools scheduled to open their gates on 21 May, Monday will see final year students preparing for Cyprus and Greek state university exams
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Cyprus’ economy will take three years to recover fully post-coronavirus after suffering a 13% decline in 2020, according to the worst-case scenario in the Finance Ministry’s stability programme. The worst-case scenario was part of the stability programme (for 2020-23) Cyprus submitted to the European Union on Friday and takes into account the effects of a
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By Nicos Tripatsas The spread of coronavirus has brought catastrophic consequences, especially the loss of hundreds of thousands of our fellow human beings, while the damage to the global economy is enormous. Global markets have felt the shock, as the vast majority of businesses have taken multiple blows. Stock markets in developed countries are a
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By Han Tan, Market Analyst at FXTM Risk appetite is getting a boost after the US and China committed to the implementation of the phase one trade deal that was signed in January. The pledge was made via a phone call between China’s Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary
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Cyprus healthcare workers and those aged over 60 are the most affected by the coronavirus pandemic, making up 46% of all COVID-19 cases, latest data indicates. Health Ministry data shows health workers being the largest group of professionals stricken by COVID-19, as one out of five cases involves a health professional. With 878 cases reported
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In 2019, the European Union (EU) generated around €13.9 tln in GDP, spiking 17% higher than its level a decade earlier, according to Eurostat data released on Friday. Unsurprisingly, Cyprus was among the lowest GDP contributors with 0.2% and Greece was 1.3%. Almost a quarter of the EU’s GDP (24.7%) was generated by Germany, followed
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Cyprus, France and Lebanon have signed a bilateral cooperation agreement to upgrade their joint military capability in regional defence and security. Programmes for bilateral cooperation on issues of defence and security were signed between the Cyprus Ministry of Defence and the Military Attaches in Nicosia of France and Lebanon. A Defence Ministry statement said the
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As individuals, households and businesses readjust and look ahead to a new era and recovery, deVere Group, one of the world’s largest independent financial advisory organisations, said demand for financial advice is up by 24% in April, almost a quarter from the previous month. “Disruption and dislocation have hit entire economies and businesses of all
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While there is no political decision when Cyprus crossing points along the Green Line are to open, the United Nations have stepped in stating their readiness to help as COVID-19 restrictions are eased. The UN peacekeeping force in Cyprus (UNFICYP) said it was ready to facilitate and support both sides in their efforts to ease restrictions
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