The history of finance is full of examples of how asset prices rapidly burn investors when they rise and fall sharply. Economists named this phenomenon the financial bubble. Bitcoin, the most popular of all digital currencies that only last month rose to become a trillion-dollar asset, plunged Wednesday amid massive selloffs. Some wonder whether this
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Nicosia is looking forward to a bumper 2021 as the capital expects its fair share of new development and infrastructure projects that will see it undergo its biggest makeover in recent history. With authorities and investors turning their focus to the city centre, the capital’s suburbs are also in for an upgrade that will see
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By Constantinos Ioannou The General Healthcare System (GHS), hailed as one of the biggest reforms ever in the Republic of Cyprus, was introduced in May two years ago. It is still early to fully assess the outcome of the deep reforms in the health sector over the past two years. Still, there is no doubt
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Despite my involvement in real estate over the last 42 years, I am still learning from mistakes and omissions and various tricks that insurance companies and others come up with. I want to refer to a few real examples so you can identify with your own situation and not face surprises in the future. Due
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Cyprus reported one death on Saturday, a drop in COVID-19 cases below 100 and hospitalisations to 115, while the vaccination rollout surpassed 500,000. According to the Health Ministry, Saturday death – a 95-year-old woman – raised the month’s death toll to 41 and the total figure at 353, with May the third-worst month during the
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The government announced this week it would go green, invest more in a cyclical economy, create 11,000 new jobs, and inject more than €4 bln in the stimulus package. As ambitious and welcome as this may sound, it is nothing more than a pre-election effort to boost the ratings of the Democratic Rally and its
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Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the ongoing pandemic. However, when the health side improves, so will the economy, both on the demand and supply side. According to the latest real estate outlook publications by the European Commission, the Cyprus economy is expected
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Amid the mayhem of electioneering, COVID-19 variants reaching our shores and where we can’t go on holiday, Cyprus got to the final of Eurovision. You might scoff at Euro pop’s low standards, but Cyprus doesn’t win that many competitions it enters. If it can’t be rigged, then the country hasn’t much chance of winning anything
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The latest developments in the Middle East and the Cyprus problem will be among the issues Cyprus Foreign Minister, Nikos Christodoulides, will discuss on Saturday in Cairo with his Egyptian counterpart, Sameh Shoukry. Christodoulides in the Egyptian capital will hold a working visit, including consultations with Shoukri. He will also be received by the President
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Cyprus reported two deaths on Friday, a drop in COVID-19 hospitalisations to 120, and an increase in new infections to 135, double the coronavirus cases of the previous day. Health authorities said Cyprus is off the ‘dark red’ list of the European Centre for Disease Prevention and Control (ECDC), as its COVID 14-day cumulative rate
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