Cyprus reported 16 deaths, up from 12, in its weekly Covid bulletin on Friday, as new cases and hospitalisations visibly dropped from previous levels. The Health Ministry said the latest victims of the pandemic were eight men aged 63 to 78 and eight women between 70 and 100. It raises the July death toll to
More
From January to June 2022, the Federal Reserve increased the key policy rate by 150 basis points (bps) and GlobalData predicted that the Fed’s further rate hike of 75 bps in July will impact the 2022 economic growth projections for the US. Consequently, the data and analytics company revised its predictions downward to 2.3% for
More
The financial crisis that hit Cyprus in March 2013 affected the lives of most families in Cyprus, including mine. I was very young then, but I understood something was seriously wrong. Growing up and realising how badly the economy was affected, I wanted to learn more about what really happened in 2013 and how a
More
By Craig Erlam It’s been quite the 24 hours in financial markets, one I feel many will be trying to work out for many weeks to come. The Fed on Wednesday raised rates by 75 basis points, as expected, before leaving as many doors open as possible for September. Chair Jerome Powell and his colleagues
More
A new €50 mln package to support households and businesses from soaring electricity prices was announced by the government to reduce bills expected to rise by 25%. It will cover 50% to 85% of the expected new increase in electricity tariffs, with coverage reaching 100% for vulnerable groups. Finance Minister Constantinos Petrides said the grant
More
Cyprus is the first EU country to join the Digital Cooperation Organisation (DCO), which promotes cross-border digital trade and investment. Deputy Minister for Research, Innovation and Digital Policy, Kyriacos Kokkinos, signed the accession documents with DCO Secretary-General Deema Al-Yahya, in Nicosia. He said Cyprus, as the first EU member state to join the DCO, “has
More
Cyta participates in the $850 mln East Med Corridor (EMC) submarine cable system that ensures digital connectivity following an agreement signed in Athens. It said the East Med Corridor (EMC) is “a project of geostrategic importance, with transnational support, which exploits the geographical position of Cyprus, Greece and Saudi Arabia for creating an international digital
More
Cypriot EU Health Commissioner Stella Kyriakides urged member states to step up surveillance, identification and reporting of monkeypox cases, and vaccination with clear risk communication campaigns. CNA said Kyriakides sent a letter to EU Health Ministers in light of the WHO’s declaration of a Public Health Emergency of International Concern for monkeypox. She called for a reinforced,
More
In recent years, the Cypriot economy has faced intense challenges due to unpredictable external factors, such as the pandemic, the war in Ukraine and the rapid increase in inflation. Although these conditions have affected the Cypriot economy, the combination of government policies, the adaptability of the private sector and the attraction of foreign investments initially
More
The official opening of the Birmingham 2022 Commonwealth Games begins on Thursday with over 5,000 athletes from 71 countries, including Cyprus. After the Olympics, it is the second most important Games on the planet and will be on until August 8. The Cypriot team comprises 55 athletes, two more than originally planned as a place
More
