Cyprus ended its pandemic year with a record high in coronavirus deaths and patient admissions, and a mild drop in daily COVID-19 cases, with the country’s president saying restrictions could not be eased for now. Six people died on Thursday, five men aged 79 to 91 and a 90-year-old woman, raising the death toll to
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While Cyprus heads into the New Year under a tight regime of restrictive measures, the police are preparing to step up checks during household celebrations. With restaurants, bars and clubs closed, and just 10 people from two households allowed to gather for New Year celebrations in homes, Cyprus police said it will be checking households
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The pandemic in Cyprus in 2020 can be generally divided into four stages. The first was its “import” to Cyprus in March, the second its spreading and the lockdown, the third the almost total absence of the virus in May followed by a relatively “clean” Summer. Then its resurgence in the Autumn leading to an
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Cyprus reported two deaths on Wednesday and 704 new COVID-19 cases taking the total since the pandemic started to 22,019. Two men, aged 67 and 90, both with underlying health issues died at Nicosia General hospital, raising the death toll 119, with December counting 70 deaths making it by far the worst month during the
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Annual earnings of Cyprus employees dropped from €24,530 in 2010 to €23,791 in 2018, an indication that pay has not yet recovered to pre-2012 levels when the banking collapse and financial crisis took its toll on salaries, mainly in the private sector. The Structure of Earnings Survey for 2018 compiled by the statistical service CyStat,
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Income from Cyprus tourism was crushed by the pandemic in the first ten months of 2020 with revenue dipping 85.1% from the year before. In October alone, receipts from tourism fell by 74.1% year-on-year, official data showed Wednesday. Revenue from tourism in October reached €77.4 mln from €299.4 mln in the same month of 2019.
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Economic sentiment in Cyprus improved in December, despite the worsening coronavirus situation, as the Economic Sentiment Indicator (ESICypERC) increased by 2.8 points to 81.3 from November, the same level as in August (81.6). This was also the new high in March 2013, after the banking and economic crash of the year before, with the ESICypERC
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With two days to go, December is officially Cyprus’ deadliest month since the pandemic started in March with the death toll from COVID-19 at 68 from a total of 117 since the outbreak. Another eight patients who had contracted coronavirus also died in the same period, but their cause of death was attributed to other
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Cyprus handed out ‘golden passports’ to shady foreign investors because it did not conduct the necessary due diligence through the now-discredited Citizenship for Investment Scheme. A 53-page report from a committee tasked to review 42 passports of the defunct citizenship-for-investment program reveals that authorities ‘merely pushed papers through’ like a filing office. The government released
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The Brexit deal gives a festive boost to stock markets and the British pound – but investors must expect months of volatility ahead, which could hit their finances, warned Nigel Green, CEO of the financial advisory and fintech deVere Group. The warning came after British Prime Minister Boris Johnson and European Commission President Ursula von
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