The impact of coronavirus cases in Italy is unlikely to have a lasting impact on the Italian economy, even though the rising number of cases in the northern region, may have an adverse effect, the rating agency DBRS Morningstar said in a report. Over the course of a few days, Italian authorities have identified more
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Economic sentiment in Cyprus dropped to 111.0 points in February from 111.7 in January, mainly due to weaker business confidence in services, despite improvements in retail trade, construction and among consumers, the University of Cyprus survey shows. The Economic Sentiment Indicator (ESI-CypERC) was also just below the year-ago level of 111.6 and slightly above levels
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By Han Tan, Market Analyst at FXTM The sell-off in Asian markets continues on Wednesday, with risk appetite struggling to find a solid footing as the coronavirus spreads. South Korea now has more than 1,100 cases, adding to the worldwide tally that has exceeded 80,000, with more confirmed cases in Europe and the Middle East.
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The risks to Cyprus shipping from Brexit are minimal while British companies are in the process of registering ships to the Cypriot registry, said Natasa Pilides, Deputy Minister for Shipping. Speaking to CNA following the fourth Capital Link Forum in Limassol, Pilides said, on a broader level the impact from Brexit will affect the shipping
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Growth in the Turkish Cypriot economy over the next two years will not be high enough to raise per capita incomes unless policymakers implement ambitious reforms, according to the Annual Macroeconomic Monitoring Note, funded by the EU and prepared by the World Bank. According to the report, the Turkish Cypriot economy slowed in 2018 and
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Larnaca is looking forward to a bumper 2020 as the town expects to see its fair share of new developments as several luxury high-rise projects, hotels and a shopping mall are being built by local and foreign investors. Larnaca is expecting a record number of tourist arrivals and hotel bookings this summer with more new
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Cyprus health authorities will step up measures against novel coronavirus by widening screening of passengers arriving at ports and airports from infected countries Italy, South Korea, Japan and Iran. Health Minister Constantinos Ioannou told reporters on Tuesday that officials will be screening passengers arriving at Cyprus entry points from northern Italy, South Korea, Japan and
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Prince Charles and Camilla Parker-Bowles will conduct an official visit to Cyprus from 18-21 March in the first such UK Royal trip to the island for 27 years. Their Royal Highneses’ visit to Cyprus will be the first such visit since Queen Elizabeth II visited in 1993 for the Commonwealth Heads of Governments Meeting. It
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Cyprus comes fourth top in the EU for the number of enterprises (73%) that are using social media, well above the European average of 50%. More and more enterprises in the EU are using social media. In 2019, one in two enterprises reported that they were using at least one type of social media, which
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Greek and French Defence Ministers agreed to work together to deter Turkey’s illegal actions in the Eastern Mediterranean during their meeting in Athens. Greece’s Nikos Panagiotopoulos and France’s Florence Parly said on Monday they had a complete convergence of views on the way’s security challenges in the region of the Eastern Mediterranean could be tackled.
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