The Cyprus economy will shrink by 6.5% of GDP this year due to the coronavirus pandemic followed by a sharp rebound in 2021, the International Monetary Fund (IMF) said in its World Economic Outlook. According to the IMF, following a growth rate of 3.2% in 2019, Cyprus GDP will shrink by 6.5% in 2020, compared
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By Josep Borrell The contrast between the silence of Europe’s streets and squares and the tumultuous, painful reality in many of its hospitals is heartbreaking. COVID-19 has not only Europe but the entire global community in its grip. It is already clear that the pandemic will reshape our world. But precisely how will depend on
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By Ravi Bangar Ecuador is famous for its natural beauty, the Galapagos Islands, and the Equator line passing close to the capital Quito. Also, Manuela Sáenz, the muse of Simon Bolivar, revered liberator of South America, whose mission she shared was Quiteña. And, Panama Hats (yes, the origin of the popularly known hat is undoubtedly Ecuadorian.
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Cyprus on Tuesday saw another 33 new COVID-19 cases as a scheme to perform 20,000 tests on frontline workers such as medics, soldiers, supermarket staff and bakeries picked up pace. The 33 new cases were detected from a record 1700 lab tests. Some 16 of the people found positive were employed at the same Zorbas
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Cyprus helping hundreds of farmers affected financially in the COVID-19 crisis by exporting kosher meat to Israel has come under animal rights criticism. The bill is to be discussed on Wednesday amid cries from activists over animal cruelty, as the kosher method dictates the animal is conscious when slaughtered. Parliament is expected to approve the
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Cyprus expects a 60% drop in arrivals or 1.5 million tourists in the best-case scenario due to the disruption caused by the coronavirus pandemic, Deputy Tourism Minister Savvas Perdios told CNA. Cyprus welcomed a record of 3.97 million tourists in 2019. Perdios said that Cyprus’ basic scenario provides for the inflow of tourists to begin
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Turkish Cypriot authorities in the Turkish occupied north of Cyprus have reported the fourth COVID-19 related death as cases reach the 100 mark. Monday’s death of a 54-year-old man is the first Turkish citizen to lose his life in the occupied north of Cyprus from complications caused by coronavirus. The man, who had underlying health
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To protect and grow wealth, investors need to carefully monitor other major factors – not just coronavirus, especially after last week’s sharp rally in markets and first-quarter earnings results season getting underway this week, the chief executive of a leading advisory firm has warned. “We will get an insight this week into how heavy a
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Alphamega supermarket chain and the island’s biggest bakery Zorbas confirmed that a number of their employees tested positive for COVID-19 but assured they are taking all required measures for public safety. Alpamega confirmed that employees at its Engomi supermarket have tested positive, while Zorbas Bakeries confirmed that 12 workers at a production unit were also
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The COVID-19-ravaged Cyprus school year will be completed one way or another to ensure school leavers have the necessary qualifications to continue their further education or job careers, said Education Minister Prodromos Prodromou. He told CNA, there will be solutions for children to continue school and for graduates to achieve a credible school leaving certificate
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