Finance Minister Constantinos Petrides said the government aims for an economic recovery to start by the fourth quarter of 2020, as the road map for rebooting the covid-battered economy begins earlier than anticipated on 4 May. “The aim is to move to recovery because without the economy there cannot be a health system,” Petrides told
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As the majority of people will be returning to work on Monday, the Cyprus Health Ministry announced that employees serving clients will have to wear a face mask. Employees working in public transports like bus drivers, client-facing personnel in shops such as cashiers, and civil servants serving the public are obligated to wear a mask
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Government ministers on Thursday mapped out the path that Cyprus will follow until mid-July to end the strict lockdown that the country has been under since the outbreak almost two months ago. Construction sites and retail shops will open next week, restriction on free movement ends on May 21 and open-air cafes and restaurants can
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By Hussein Sayed, Chief Market Strategist at FXTM The Federal Reserve will do ‘whatever it takes for as long as needed’ to protect the US economy. This is the one statement that summarises the latest FOMC monetary policy decision perfectly. As widely anticipated, the Fed voted unanimously to keep its funds rate unchanged within the
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Cyprus Central Bank Governor Constantinos Herodotou warned that in managing the economy’s resources planning should go beyond the short-term, as the COVID-19 pandemic will have consequences well into 2021. “We must think more medium-term…resources available today must be managed with an outlook until the first or second quarter of 2021, under a basic recovery scenario…Under
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Following President Nicos Anastasiades declaration that Cyprus will begin phased easing of COVID-19 lockdown measures from May 4, the British Bases said it will follow the same guidelines. “The drawdown measures in the Bases, like in the Republic of Cyprus, will see the relaxation occur in phases and beginning on Monday,” said a British Bases
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Bird trapping levels have fallen in the British Bases but increased in the Cyprus Republic, according to a report on illegal poaching of birds. BirdLife Cyprus’ latest report, on autumn 2019 trapping levels, highlights a further reduction in the British Base areas, with zero trapping activity recorded for the first time at the Cape Pyla
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Going to the dentist will also be a painful experience for your finances after dentists said customers will be charged extra to cover the cost of safety measures required during the coronavirus pandemic. Dentists say they will need to wear additional personal protective equipment and to disinfect the work area after every customer. President of
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Cyprus will begin to lift strict lockdown measures from May 4 to get its economy back on track after a two-month shutdown to stem the coronavirus outbreak, Cypriot President Nicos Anastasiades said Wednesday. “The distance we have to travel, unfortunately, remains great. Nevertheless, the progress that continues to be made allows us to implement the
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Cyprus President Nicos Anastasiades announced a partial lifting of lockdown measures from Monday, May 4, whereby all civil servants will return to work, construction sites will resume work and retail stores, including DIY stores, will re-open, apart from malls, allowing a significant part of the economy to restart. In the first stage of measures, Anastasiades
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