As part of their “Fit for 55” package to address the climate crisis, shipping-related proposals issued by the European Commission may prove ineffective, the biggest shipping organisation in Cyprus warned. Despite acknowledging the need for immediate action from all stakeholders to face the climate crisis, the new measures “greatly impact European shipowners and undermine global
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Cyprus takes advantage of a €38.6 mln injection from the EU Recovery plan to increase electric vehicles on the road and charging points in towns across the island. On Friday, Transport Minister Yiannis Karousos unveiled the government’s General Policy Framework for incentives to increase the use of electric vehicles, which should see 25% of vehicles
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Third Point Hellenic Recovery Fund L.P. is selling its 12.6% stake in Hellenic Bank to Athens-based Eurobank SA for an estimated €41.6 mln, ending fund manager Daniel Loeb’s unproductive venture into the Cyprus market. The deal, brokered by Axia Ventures and legal advisors Milbank LLP, was struck at 80c a share, with the stock trading
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Some 301 people in Cyprus have reported experiencing side effects from taking a COVID-19 vaccine since the country’s rollout in December. According to the Pharmaceutical Services of the Health Ministry, until 12 July, 301 reports of adverse reactions possibly related to COVID-19 vaccination have been filed. That is a fraction considering Cyprus has jabbed around
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Israelis are banned from visiting Cyprus, one of their favourite holiday destinations, under new coronavirus rules introduced by Tel-Aviv. Cyprus is suffering a fourth wave of coronavirus with record infection rates in four digits. Under the new Israeli cabinet decision, the UK, Georgia, and Turkey join Cyprus on the list of banned countries. The four
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Cyprus reported four deaths, 1,046 new coronavirus cases and 264 hospitalisations on Thursday, up on all levels from Wednesday’s figure of three deaths, 1,014 and 243, respectively, as the strain on state hospitals is getting bigger. The number of COVID-19 patients needing hospitalisation has rocketed in the past 11 days, pushing the country’s health system
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Cyprus Airways has launched ticket sales for its new route linking Larnaca Airport with London Heathrow (Terminal 2). The Larnaca-based airline offers the travelling public a destination that is traditionally the most popular in the Cyprus market. The choice of London Heathrow airport ensures that Cypriots travelling to London will enjoy the excellent facilities that
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Four EU member states are excluded from Cyprus’ safest green category for travel, including Malta, which was evicted due to the country’s high-risk red classification. Cyprus revised the safe travel list, which came into effect on Thursday with Denmark, France, and Finland, dropping from the Green category into orange and Lichtenstein from the European Free
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Ireland’s Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak, saying it was down to good national policies coupled with EU decisions. In his first visit since the pandemic, Donohoe met Minister of Finance Constantinos Petrides, who stated that by early 2022 Cyprus could recover most if not all of the ground
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Divers are creating immersive digital tours showcasing the island’s underwater sites to raise awareness about biodiversity and promote tourism. Ten metres under the sunlit blue sea off the Larnaca coast, divers slowly swim around the “Lef 1” shipwreck, filming as they go. The 16-metre vessel, surrounded by shoals of small black damselfish, is one of
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