To recover from the meltdown in public support the government faces, the Democratic Rally (DISY) has decided to disassociate itself from the Anastasiades administration to win back disgruntled voters ahead of the May 30 parliamentary elections. From the start of the year, opinion polls have indicated a general frustration towards the ‘establishment’ of the mainstream
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Credit Suisse recent woes, followed by the collapse of Greensill Capital and Archegos Capital last month, reminded everyone of the value of risk management. But it did more than that. It brought to the surface the weaknesses of a system hailed by many as impervious to bad practices and market thunderstorms a few years ago.
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Cyprus is ready to welcome the first cruise passengers from June on the basis of health protocols announced on Friday by Transport Minister Yiannis Karousos and Deputy Shipping Minister Vasilis Demetriades. As of June, Cyprus will begin welcoming the first cruise passengers from Israel, initially at Limassol port, while in July the two companies that
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A Cypriot audience can now experience Melco’s luxurious properties in Asia through a series of hyperlapse videos revealing the company’s integrated resorts (IRs), including City of Dreams and Studio City in Macau. Melco commits to incorporating the same international luxury and sustainability standards at Limassol’s €550 mln City of Dreams Mediterranean, set to become Cyprus’
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Cyprus reported two deaths and an increase in COVID-19 cases on Saturday, as government testing was ramped up to record levels ahead of easing lockdown measures next week. The two who died was a woman aged 79 and a man aged 82, both of whom had a vaccination history. This raised the death toll for May to
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After a third lockdown, the government is busy removing barriers to open up the economy and allow people a sense of freedom as movement by text is to be abolished for now. With Cyprus ready to open its doors to tourists after a harrowing 14 months, it must set the stage for a semblance of
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Cyprus’ National Recovery and Resilience Plan, the blueprint to absorb over €1 bln from the EU’s Next Generation fund, will be submitted to the Cabinet next week for approval. Finance Minister Constantinos Petrides said the Parliament needs to approve structural reforms that come as a condition to the funds’ disbursement. Petrides described the National Recovery
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A report by international auditors and advisory PwC regarding Cyprus’ prevailing real estate market is worth studying. It reports on the reduction of real estate demand, something which I expect will get worse shortly. Interesting to note the eagerness of various people, including the Auditor General and some of our Euro MPs, criticising the country
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With COVID-19 cases not dropping fast enough, Cyprus missed out on the UK’s coveted ‘green list’ which means British tourists must self-isolate on return from an island holiday. Being on the green list would have boosted Cyprus holiday bookings from the UK – its biggest market. Cyprus allows entry to vaccinated UK tourists but must
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By Achilleas Demetriades The United Nations Secretary-General, Antonio Guterres, salvaged the process after failing to reach adequate common ground in Geneva. He did not give up and thus afforded what is perhaps the last chance for Greek Cypriots and Turkish Cypriots to live in peace and security together. He rightly pointed out to Mr Ersin
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