Cyprus registered nine new coronavirus cases on Thursday taking the total of those who have contracted the disease to 67 in less than two weeks, the Health Ministry announced. With the 20 declared in the Turkish occupied north, divided Cyprus now has a total of 87 Covid-19 cases since the outbreak on March 9 but the
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All trade-related activities at Limassol port are being carried out as normal while taking measures against coronavirus, the port’s operator DP World Limassol said. In a statement CEO DP World Limassol, Nawaf Abdulla said: “all trade enabling activities at the terminal are being carried out as normal.” “We are actively monitoring the Coronavirus (COVID-19) situation
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To fight coronavirus, all registered doctors and nurses are to be drafted by the government and come under the direct control of the Health Ministry from Friday evening. According to a decree issued by the Health Minister Constantinos Ioannou, all doctors who are registered on the medical registry “are placed under the instructions of the
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Under new guidelines issued Thursday, Cypriots must contact their GP first, and not the ambulance service, in reporting possible symptoms of coronavirus to the alleviate strain on hospitals, health authorities said. The Ministry of Health, the Health Insurance Organisation and the Cyprus Medical Association issued a joint announcement calling on citizens to adhere to new
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Moody’s expects government financial support for affected businesses and households, in addition to ECB measures and Central Bank of Cyprus moves, to help limit the coronavirus-related impact on banks’ asset quality and profitability. The financial support package of €700 mln is equivalent to 3% of GDP, of which €450 mln are fiscal measures and €250
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The UK government’s economic strategy to combat the impact of Covid-19 might need a rethink, the CEO of one of the world’s largest independent financial advisory organisations has warned. The warning came as government bonds appear in crisis mode and as the British pound dropped below $1.20 to hit multi-decade lows in a rush into
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Plunging oil prices this year are credit negative for banks in the oil-exporting countries of the Commonwealth of Independent States (CIS) – Azerbaijan, Kazakhstan and Russia – by threatening their capital and profitability, Moody’s Investors Service said in a report published Thursday. “If economic conditions continue to worsen, banks’ asset quality will materially deteriorate,” said
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The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the bank’s economists. The European Bank for Reconstruction and Development, which invests in 38 emerging economies across three continents has launched an emergency package worth an Initial €1 billion to support companies in its countries
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The Cyprus government has not ruled out introducing a curfew to contain a Covid-19 epidemic, but as yet, no such draconian measure has been decided upon. Nicosia has not ruled out imposing a curfew if necessary, in a bid to stop the spread of the coronavirus, however, no such decision has been taken, government spokesman
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Cyprus travel agents are asking clients who have cancelled holiday packages due to travel restrictions worldwide to stem the spread of novel coronavirus, to show patience and understanding. As airlines cancel flights due to lockdown of airports across the globe, the Association of Cyprus Travel Agents has asked clients wanting cash refunds, to give them
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