Cypriot students studying in Athens are trying to find a last-minute ticket home in an effort to beat the government’s restrictive entry measures to be activated on Monday evening. Measures, which essentially place the country under lockdown, requires Cypriots and residents to present test results proving they are COVID-19 negative before being allowed in. Those
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The first two patients hospitalised after testing positive for coronavirus are to be discharged on Monday from the referral hospital for the virus, the Cyprus News Agency said. The two patients had been admitted Famagusta Hospital in Paralimni last Wednesday. They will be discharged and transferred to facilities specified by the government where they are
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After a 15-year absence from the international exploration scene, Greece made an impressive comeback with the introduction of a new legal and regulatory framework for hydrocarbon exploration and production in 2011, with the support of an enthusiastic government. In 2014 the government signed new concession agreements for three onshore and offshore areas in western Greece
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The recovery from a coronavirus-triggered recession will usher in a new era in which how we live, do business and invest will fundamentally change, according to the CEO of one of the world’s largest independent financial advisory organisations. “Any way you look at it, it’s now almost certain that there will be a coronavirus-triggered recession
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The Cyprus Health Ministry on Monday issued a list of vulnerable people at high-risk to the coronavirus who should be prevented from going into work or allowed to work from home. The official list is as follows. All persons who are older than 60. Adults suffering from one or more of the following aggravating factors
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The coronavirus disease outbreak together with a significant oil price drop is creating a loss of investor confidence and significant disruptions in the financial markets, DBRS Morningstar said in a comment on Monday. The rating agency added that “the situation is rapidly evolving and while the full impact on European banks remains uncertain, it will
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By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM Desperate times call for desperate measures. For the second time in a matter of weeks and just days before the Federal Reserve were previously scheduled to announce the conclusion of its upcoming monetary policy meeting, another emergency US interest rate cut was
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Cyprus real estate sector will take a significant hit from the COVID-19 pandemic, as in times of uncertainty investors tend to minimise property transactions, experts argue. With the novel coronavirus threatening to usher another recession, just 12 years after the last one, investors generally tend to be more sceptical and less willing to jump into
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Two members of British Forces Cyprus stationed on the island have contracted coronavirus after returning from the UK, military authorities said Sunday. These are the first cases reported by the British Bases on Cyprus, they are not separate from the figures announced by the Cypriot Health Ministry. Added together, the Republic and Turkish-held north the
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In less than a week Cyprus has recorded 33 confirmed coronavirus cases including a British hospital patient with seven more verified on Sunday as emergency measures were declared by the government. The Cyprus Health Ministry issued a statement Sunday saying there were 7 news cases of Covid19 – bringing the total in the Republic to
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