By Lukman Otunuga, Senior Research Analyst at FXTM After months of failed negotiations, Congressional leaders have finally reached a deal on a $900 billion economic relief package to boost the US economy. Although this agreement is less than half of the $2 trillion deal that House Speaker Nancy Pelosi and the Trump administration were close
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All passengers arriving from the UK will have to quarantine for a minimum of seven days in a state-designated facility, the Health Ministry announced Monday changing earlier plans on self-isolation. The move comes after some EU countries banned UK flights when Britain said it had found a new strain of the coronavirus. Cyprus opted against
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The cabinet on Tuesday will assess whether measures in place to contain coronavirus can be relaxed during Christmas and New Year, allowing for muted festivities to take place. Ministers had said when imposing a mini-lockdown, which saw shopping malls, restaurants and churches close that they could relax measures over the festive period if COVID-19 cases
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Greece’s Maritime Affairs Minister Ioannis Plakiotakis has welcomed the launch of a tender process for a ferry connection with Cyprus after a 20-year absence. “After months of negotiations, the European Union ensured the funding of the shipping line; Hence, passengers and vehicles will shortly be able to use this line, which will interconnect the port
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Politicians showed true Christmas spirit in not allowing the government to have a budget or spend more money on the COVID-struck fledgeling national health service. Communists AKEL were suddenly concerned about the poor and social welfare, although they did little to advance social justice when they were in power. Arguably COVID-19 is killing the poor
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Cyprus reported two more deaths on Sunday, hours after it announced stricter measures for passengers arriving from Britain, while the number of new COVID-19 cases dropped significantly to 242. Passengers arriving in Cyprus from the U.K. must automatically self-isolate for 14-days from Monday after a potent new COVID-19 strain was discovered. But Cyprus stopped short
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Passengers arriving in Cyprus from the United Kingdom must automatically self-isolate for 14-days from Monday after a potent new COVID-19 strain was discovered, the Health Ministry said Sunday. But Cyprus has opted against an outright ban on flights from the UK as other European Union countries have done. The ministry, in a statement, said the
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It is a good effort by the Housing Development Body (HDB) which is state-owned, to supply additional housing units to let, to check ever-increasing rentals, especially for housing. The HDB and others, such as the Limassol Municipality, have taken on the job to supply 200-300 affordable housing units. Notwithstanding the worthy effort, such added supply
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Following the collapse of the discredited Citizenship for Investment Scheme, and the consequent loss of foreign funds in real estate, Cyprus has turned to tech firms as the next big thing. Stakeholders in promoting Cyprus’ economy abroad say that, with the Citizenship for Investment Scheme dead in the water, they are now turning their efforts
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Opposition parties may have won the battle, by throwing out next year’s state budget for the first time in decades, and giving the government a bloody nose, but they have not won the war. The cockfight has officially begun and must end by February 28, when the monthly interim contingency for state expenditure runs out.
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