Cyprus faces a vastly different Christmas this year, as government advisors on the pandemic fear worsening epidemiological data could see tighter measures still in place over the festive holidays. Despite an islandwide curfew and early closing of hospitality, Cyprus health services are still reporting triple-digit daily cases, peaking at a record high of 369 on
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By Hussein Sayed, Chief Market Strategist at FXTM The equity rally that took the MSCI world share index to record highs last week showed signs of weakness on Monday with most stock indices in Asia trading lower. Surging virus cases and a Reuters report signalling the US is preparing new sanctions on Chinese officials due
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Cyprus reported two more coronavirus deaths on Sunday raising the toll for December to 12 and 61 since the start of the pandemic, with the number of new SARS-CoV-2 dropping to 270 from Saturday’s record 369. December is gradually becoming the worst month in COVID-19 history in Cyprus, as health officials have been warning about
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As the death toll steadily rises in the run-up to Christmas the chances that COVID restrictions will be eased over the festive season are rapidly diminishing. Cyprus has been crushed under a second wave of the virus as cases reach new record highs with alarming frequency. Local lockdowns seemed to have helped Limassol and Paphos
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The delays in the Cyprus justice system is well known and “accepted” by everybody. Cyprus Court delays are next to the bottom with Zimbabwe that shows what a mess we are in. The Government tried to introduce an arbitration centre for legal disputes which failed tragically, while international investors in Cyprus when making an agreement,
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DIKO is the first party to say outright it will reject the 2021 state budget at the parliament’s plenum for final debate and approval on December 17. It may be punishing the Anastasiades administration for its stubbornness not to assist the Auditor General in his probe into the cash-for-passports farce. But it is also hurting
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Cyprus broke an unwanted record of 369 daily cases on Saturday taking the total past 12,000 while recording two more deaths as the second COVID-19 outbreak worsens. Two elderly people died on Saturday, an 81-year-old man and a woman aged 82, raising the December death toll from COVID-19 to 10 and 59 since the start
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An earthquake of magnitude 5.4 off the coast of Turkey on Saturday afternoon was felt some 130km away in Cyprus, with some reports saying it was also sensed as far as Lebanon and Syria. The Cyprus Geological Survey said that the earthquake, measuring 5.4 on the Richter scale, occurred at 2.44pm some 130km north of
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Cyprus is finalising its vaccination program against COVID-19, as authorities expect to see the first batch of vaccines arriving just after Christmas, with the rollout to take place early January. More scientists are drafted to help health authorities design their large-scale plan, address logistic problems, prioritise groups according to their vulnerability while also informing the
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By George Soros I have written a lot in the past about the desirability of the European Union issuing perpetual bonds. But today I am proposing that individual member states should do so. Right now, it would be impossible for the EU to issue perpetual bonds, because the member states are too divided. Poland and
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