The ECB’s Strategy Review will allow for the continuation of support of the Eurozone economies, said Central Bank of Cyprus (CBC) governor Constantinos Herodotou. “The ECB’s Strategy Review, with its clearer symmetric target, will allow the continuation of support of the Eurozone economies as well as of the financing conditions,” said Herodotou. “ECB measures have
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Cyprus worsening COVID-19 landscape is past the point where it can be reversed with a new lockdown; experts stress the only hope for containment is vaccinations. In comments to the Cyprus News Agency, epidemiologist Dr Michalis Voniatis said reintroducing lockdown measures could help reduce cases, but it will not stop the virus from spreading. “A
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Larnaca’s Metropolis is opening its doors at the end of July as retailers set up their stores in the first shopping mall for the wider region. Construction of the new Metropolis Mall, near Larnaca General Hospital, is moving ahead at a rapid pace, to open on 29 July, after its scheduled opening at the end of
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The lifting of restrictive measures, including a two-week harsh lockdown from April to May, has boosted the economy, as credit card purchases improved 16% in the second quarter. According to the latest data by JCC, the primary processor of card transactions in Cyprus, shows an annual increase of 16% in the use of plastic money
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Venus Minerals said its ongoing drilling programme in Troodos had confirmed the discovery of gold as a significant component of its deposit in Kokkinoyia. The Cyprus-based exploration company has identified economically significant levels of both copper and gold accumulation in the sector, confirming the results of historical percussion drilling. “The primary aim of this programme
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News of a 22-year-old pregnant woman suffering from COVID-19 put on a ventilator at Nicosia General Hospital’s ICU has shocked the public. In her 18th week of pregnancy, the woman was intubated on Tuesday after developing severe pneumonia after contracting COVID-19. She is the youngest person to be intubated with severe respiratory failure. The woman
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Coronavirus has infiltrated the Royal Navy’s flagship aircraft carrier HMS Queen Elizabeth, with more than 100 crew members infected after its stopover in Limassol. Britain’s largest warship docked in Cyprus on 30 June until 5 July spearheading the largest UK peacetime deployment in a generation, Carrier Strike Group 21 (CSG21) HMS Queen Elizabeth welcomed dignitaries
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A Cabinet meeting postponed until Friday will exchange views on possible measures to be introduced after a record wave of COVID-19 cases surged past 1000, said government spokesman Marios Pelekanos. The meeting on Friday morning will discuss more effective management of the outbreak that has seen hospital admissions and the test positivity rate rise. Cyprus
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Sirens will wail across Cyprus Thursday to mark the dark events of July 15, 1974, when Greek army officers engineered a coup to oust the government in Nicosia leading to the Turkish invasion five days later. To mark the very moment tanks rolled into Nicosia to overthrow democratically elected President Archbishop Makarios III, sirens will
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Cyprus reported a record 1,081 new coronavirus cases on Tuesday, up from the previous peak of 993 last Thursday, prompting the state to open walk-in clinics to boost vaccinations. Two deaths were announced after a week-long lull, with the spike in new cases attributed to the deadly Delta variant of the virus. The Health Ministry
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