Coronavirus cases in Cyprus returned to single-digits on Wednesday as health authorities announce another six new COVID-19 cases, less than half the previous day. After spiking to 15 on Tuesday, numbers dropped back down, allowing scientists to remain confident that authorities can relax restrictive measures. The six new COVID-19 cases bring the total of confirmed
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Revenue generated from Cyprus tourism fell 5.5% in February to €49.5 mln from €52.4 mln in the same month of 2019, this was before coronavirus ruined this year’s holiday season. The income drop occurred before the COVID-19 outbreak on Cyprus and the lockdown which closed all the hotels and airports. For the two-month period January-February
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Bank of Cyprus, the island’s largest lender, posted a net loss of €70 mln for 2019, due to increased provisions after postponing a sale of non-performing loans and the cost of a voluntary retirement scheme. In view of the COVID-19 outbreak, the bank is updating macroeconomic assumptions underlying the IFRS9 calculations which may lead to
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Cyprus Health Minister Constantinos Ioannou was furious after two people infected with COVID-19 flouted social distancing rules with one case involving a birthday party and the other a nursing home. A woman who tested positive was found to be living in a care home for elderly people in Nicosia without taking precautionary measures, such as
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Over 92% of foreign investors are satisfied with measures taken by Cyprus to tackle the coronavirus pandemic and to manage the crisis it created. According to the results of a survey among foreign investors participating in an online discussion on Cyprus’ response to the pandemic, the vast majority are pleased with the government’s response to
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Cyprus Telecoms Authority (Cyta) said arsonists have torched a second mobile telephone antenna despite government efforts to dismiss “fake news” about 5G towers spreading the coronavirus. The government has also made clear it has made no decision or started working on rolling out a 5G network in Cyprus. A vocal, online campaign against 5G on
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Cypriot consumers are increasingly turning to credit cards rather than traditional cash payments for their daily needs as a safety precaution during the coronavirus pandemic, data shows. According to data given to CNA by JCC, use of credit or debit cards in supermarkets rose by 31% from March 17 to April 26 compared with the
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By Han Tan, Market Analyst at FXTM The Dollar is weaker against all G10 and Asian currencies ahead of Wednesday’s Fed rate decision and the US Q1 GDP announcement. The Dollar index (DXY) has been on a downward trend since Friday, shedding about 0.7% so far this week to now trade around 99.70. The softer
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Nicosia is expected to announce the gradual lifting of restrictive measures introduced to stem the spread of the coronavirus as of 4 May, following a number of EU countries who are also doing the same. President Nicos Anastasiades is meeting his cabinet on Wednesday to approve a four-stage plan tabled by the coronavirus task force
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Despite a spike in new coronavirus cases on Tuesday, health experts are confident Cyprus is still on the right track to overcoming the COVID-19 outbreak and proceed with lifting restrictive measures. Cyprus health authorities reported 15 more infections on Tuesday, up from five the previous day. The 15 positive cases were detected from 2,999 tests,
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