Economic sentiment significantly improved in April, increasing by 9.2 points since March as confidence grew in the services sector before Lockdown III, according to a University of Cyprus index (ESI-CypERC). The index now stands at 96.5 from 87.3 in March. Still, it is up 16 points from a year ago when in April 2020 (the
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Cyprus’ COVID-19 vaccination rollout will rely more on Pfizer jabs, with increased deliveries in the coming months, while those from AstraZeneca will decrease as Cypriots snub the vaccine. Deliveries of Johnson & Johnson and Moderna vaccines are significantly smaller than those of the other two vaccines. Meanwhile, the EU is leaning towards changing its initial
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APOEL FC, Cyprus’ most successful football club, is in financial difficulties after accumulating a debt of €19.7 mln with the future looking grim after not qualifying for European competition next season. According to the latest Financial results of the APOEL Football LTD, the club was in the red in 2020, as the year’s fiscal report
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A total of 88 UK firms have been granted temporary permission to provide investment services in Cyprus, under the Temporary Permissions Regime (TPR), the Securities and Exchange Commission said. The TPR, launched following Brexit, does not require a physical presence in Cyprus for UK firms when providing investment services (including investment activities) solely to professional
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By Han Tan, Market Analyst at FXTM Asian stocks and US equity futures are mixed as investors brace for imminent cross currents on Wednesday, including the latest FOMC policy outlook, US President Biden’s spending plans and more Big Tech earnings releases. Amid the slew of headline-grabbing events slated for Wednesday, markets are also contending with
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By Marios Charalambides & Alexandros Vacanas The launch of Bitcoin in 2008 and the blockchain technology behind it has unveiled to the world of finance a new revolutionary decentralised operating infrastructure. The evolution of money, shifting in parallel with societal change, has reached a new age of digitalisation, with digital cryptocurrencies/assets replacing the use of
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Cyprus reported two coronavirus deaths on Tuesday, with an increase in new daily cases to 760, and a drop in hospitalisations, as the country entered the second day of its two-week lockdown in an effort to contain the spread of the virus. The health ministry said in its daily Covid bulletin that an 82 year
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Good news for Larnaca’s long-standing demand for the removal of fuel and gas storage tanks after Hellenic Petroleum (EKO) announced it demolished all of its giant containers on the coastal front. “The demolition work on the tanks located at the Hellenic Petroleum Group facilities in Larnaca has been completed,” EKO announced. The company noted the
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The year 2021 marks four years since Eurogate Container Terminal Limassol Ltd took over the container terminal management at Limassol port. During this time, Eurogate has significantly upgraded the infrastructure and services offered at the terminal by reducing processing time and offering safe cargo storage and management until it is delivered to the recipient. Eurogate
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UN Secretary-General, Antonio Guterres, is realistic about what can be achieved at the Geneva summit but urged Greek and Turkish Cypriot parties to be creative. “The Secretary-General is realistic. This is an issue that he knows well. He has participated in discussions before, so he is realistic,” his spokesperson Stéphane Dujarric said on Tuesday. “The
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