Cyprus’ Transport Ministry encourages Cypriots to make sure their vehicles are roadworthy before heading on summer excursions, especially tyres and headlights. Presenting the findings of a campaign called “Friendly Road Safety Checks Before the Summer”, Transport Minister Yiannis Karousos called on motorists to dedicate time to checking their cars ahead of the summer season. “The
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Cyprus reported one coronavirus death on Tuesday, with the number of new infections dropping to 60 and hospitalisations also down to 45. The health ministry said that a 66 year old man died of COVID-19, the fifth person in June with the death toll since the pandemic started rising to 365. News reported suggested earlier in the
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Hellenic Bank, Cyprus’ second-largest lender, announced Q1 net profits of €12.9 mln, the fourth consecutive quarter in positive territory despite the impact of the Covid-19 pandemic. In the first three months, the bank showed a marginal rise in non-performing exposures by 1% quarter on quarter or by just €18 mln. Officials said the slight rise
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Service providers are being removed from the General Healthcare System (GHS) for trying to scam the state, said the Health Insurance Organisation (HIO). A clinical lab was struck off the GHS list of providers after caught registering services onto the database despite not receiving any patients at the time. According to reports, a GP, a
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Cyprus will move up several gears to digitalise its economy, with a €283 mln EU-backed recovery fund, while teaming up with Estonia, considered the champion of e-government. During a press conference with Innovation Minister Kyriacos Kokkinos on Tuesday, President Nicos Anastasiades said Cyprus would be investing in connectivity infrastructure with help from Estonia. Anastasiades is
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In anticipation of the much-awaited EU Digital Covid-19 Green Pass, to come online 1 July, Cyprus is issuing vaccination certificates for travel, as some countries do not recognise the original card issued. For the rest of June, Cyprus will issue a temporary COVID-19 vaccination certificate for people wanting to travel abroad, the Health Ministry said
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By Han Tan, FXTM Market Analyst The week started off fairly quietly in terms of price action as analysts and economists make sense of the monthly US jobs numbers while also focusing on this week’s main events. European bourses opened up mixed on Tuesday amid low ranges, while Asian markets traded in the green and red, with Japan’s Q1 GDP
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More than 33,000 people have crisscrossed Cyprus’ ceasefire line since crossing points reopened for the first time in 15 months after the Covid landscape improved. Thousands have crossed daily since the crossing points were opened up to free movement last Friday (4 June). On Monday alone, Turkish Cypriot media said 9,000 people crossed from the
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Massive state intervention prevented a rise in non-performing loans (NPLs) during the Covid-19 pandemic in central, south-eastern Europe (CESEE), but the quality of bank assets after the phasing out of measures “remains uncertain”, according to the latest NPL Monitor. The semi-annual Monitor is published by the Vienna Initiative comprising the European Commission, the European Central Bank, EIB, EBRD,
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Total new bank loans in April declined compared with the previous month, mainly due to the reduction in demand for new corporate loans while new consumer credit increased. According to the Central Bank of Cyprus (CBC) data, the mortgage rate for new loans on house purchases reached its highest level for two years, while interest
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