Cyprus reported another six cases of COVID-19 on Thursday from 1,774 tests that were carried out, taking the total since the outbreak in March to 889 (including 10 in the British Bases). Although the numbers are low, Cyprus only had two infections on Monday. From Thursday’s cases, three were identified from 166 tests carried out
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A revised government scheme aims to help 40,000 struggling businesses and self-employed navigate their way out of COVID-19 lockdown with cash, €1.5 bln in state-backed loans, plus tax incentives. Finance Minister Constantinos Petrides described it as a “bold financial package” to support both jobs and businesses. Following a cabinet meeting on Thursday, Petrides told reporters
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Transport Minister Yiannis Karousos is to set up an inter-ministerial committee that will prepare an action plan by the end of May to gradually reopen Cyprus airports with coronavirus as the backdrop. Karousos said the cabinet on Thursday approved a procedure to draft a road map and strategic plan that will gradually lift the ban
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In two letters sent to UN Secretary-General Antonio Guterres, Cyprus condemns Turkey’s unlawful maritime claims and new illegal drilling operations in its exclusive economic zone and continental shelf. A letter dated 24 April by Cyprus permanent representative to the UN Andreas Mavroyiannis, “rejects the newly attempted submission by Turkey of geographical coordinates concerning the outer
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Belatedly Introducing the e-signature in Cyprus will bring about a “small revolution” in people’s transactions with the public sector, a need highlighted by the coronavirus pandemic. Deputy Minister of Innovation Kyriacos Kokkinos told CNA the government will soon announce the possibility of using an e-signature in cooperation with the association of Cyprus banks. “This will
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By Hussein Sayed, Chief Market Strategist at FXTM The short-term economic outlook is looking terrible and it is likely to become even worse as more data is published. Wednesday’s US ADP labour market report showed a record 20.24 million jobs were lost in the private sector last month due to business closures. While these numbers
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Health experts tasked with advising authorities on handling the coronavirus crisis are taking into account a study predicting the end of the pandemic in Cyprus on 24 May but warn the fight goes on. Government adviser, virologist Peter Karayiannis told the Cyprus News Agency, that scientists are incorporating the study by the Singapore University of
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Violence against women has reached alarming levels on both sides of Cyprus’ divide after Cypriots were obliged to stay at home following the coronavirus outbreak in March. The Bicommunal Technical Committee on Gender Equality reports that domestic violence incidents have increased islandwide coinciding with measures restricting freedom of movement due to COVID-19. “Isolation, alongside health
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Cyprus, Greece and Israel are in discussion to coordinate a coronavirus-safe holiday zone to save their tourism from sinking. The Tourism Ministers of Israel, Greece and Cyprus have been discussing a proposal to create a holiday safe zone between their countries, according to the Jerusalem Post. All three countries have had relative success in curbing
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As thousands of small-to-medium-sized enterprises (SMEs) in Cyprus slowly resume operations following the lifting of government restrictions due to the Covid-19 pandemic, one of the critical issues confronting SMEs aside from health and hygiene issues is how to boost cash flow for the business to survive in the current difficult environment. With the government having
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