By Hussein Sayed, Chief Market Strategist at FXTM We are now seeing unprecedented policies by authorities across the world on a daily basis – countries are shutting down their borders, governments are taking drastic measures to limit the impact of the virus spread on their economies, and central banks are using all their tools to
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The Central Bank of Cyprus has freed an additional €100 mln bringing total capital buffers to €1.4 bln in a bid to encourage banks to continue lending and be more flexible to business and households affected by coronavirus. It urged commercial banks to show more flexibility in dealing with borrowers affected by the epidemic, offering
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Protocols have been activated to trace the contacts of a health professional with coronavirus at the Paediatrics Clinic of Limassol General Hospital, Cyprus authorities said Thursday. The Unit for Surveillance and Control of Communicable Diseases and the State Health Services Organisation (OKYPY) activated the protocol and later shutdown the island’s second largest hospital. OKYPY said
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Cyprus Republic novel coronavirus patients jumped to 58 on Wednesday with nine new cases including another one from the British Bases, the Health Ministry announced. With the 20 declared in the Turkish occupied north, divided Cyprus now has a total of 78 Covid-19 cases in the second week of the outbreak. According to the latest
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By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM Negativity and pessimism very much remains the theme of investor sentiment late Wednesday with stocks tanking at an alarming pace once again and risk appetite vanishing before our own eyes, following what remains as a dramatic time to be watching financial markets.
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A COVID-19 outbreak in Cyprus has triggered profiteering as essential items are being sold on the black market while a government price ceiling on these products has not solved the issue, said a consumer group. President of the Cyprus Consumers Union and Quality of Life, Loucas Aristodemou, told the Financial Mirror that the union he
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Cyprus hospitals are in a state of chaos as they are understaffed with not enough medical supplies while communication between the Health Ministry and those managing healthcare is failing, say nurses. The Pancyprian Union of Nurses (PASYNO) is sounding the alarm over the state of public hospitals, questioning the capability of the Famagusta General Hospital
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After complaining of “unacceptable” conditions, around 75 people quarantined when trying to enter Cyprus have been moved to mountain resort hotels in Troodos, officials said Wednesday. Cyprus Hotel Association President Haris Loizides told state broadcaster CyBC that three hotels in the area were being used as quarantine facilities after reaching an agreement with the government.
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British Forces Cyprus assured they have aligned with the measures introduced by Nicosia to counter the spread of novel coronavirus with the Administrator of the Bases, Major General Rob Thomson saying the two sides are “in step.” Major General Thomson met Cyprus Foreign and Health Ministry officials to discuss the Coronavirus outbreak. “We shared our
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Turkish Cypriot authorities on Tuesday reported another 13 cases of COVID-19 in the north of Cyprus bringing the total number of infected people there to 20. The new cases concern German nationals who had been in quarantine at a hotel in Famagusta after a member of their tour group from Germany had tested positive for
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