Cyprus announced two deaths and a record 348 new cases of SARS-CoV-2 on Thursday, 56 more than the day before, with December already on its way to toppling November as the worst month since the pandemic started. Last month alone also accounted for about two thirds of all infections in Cyprus. A woman and a
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Half of Cyprus businesses (51%) are planning to invest less due to the pandemic with investment in Q2 2020, 34% below pre-COVID-19 levels, according to the annual European Investment Bank’s Investment Survey (EIBIS). The survey said around three in 10 (29%) firms, with investment plans for the current financial year, will abandon or delay at
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Cyprus Airways has added Moscow and St. Petersburg to its flight network for winter 2020-21 after Russia lifted an embargo on the airline carrying passengers. The company said it will fly to Moscow Domodedovo Airport once a week until 15 January 2021. A St. Petersburg flight will begin on 21 January 2021, leaving every Thursday.
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Cyprus registered unemployed spiked 34% year on year in November reaching 32,968 with seasonally adjusted data showing a downward trend compared with October. According to government data, due the economy-crippling coronavirus pandemic registered unemployed in November surged by 8,473 or by 34.6% from a year ago. The rise is mainly associated with the sector of
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Cyprus on Thursday approved a new four-tier safe travel list, replacing the older three-category system, in a bid to boost connectivity and revive coronavirus-stricken tourism. The list, approved by the cabinet and later presented by Transport Minister Yiannis Karousos, is effective from 1 March 2021. It aims to encourage travellers to choose Cyprus for a
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Cyprus telecom providers are gearing up for the auction of 5G broadband frequencies taking place on 17 December, after three postponements in as many months. The auction conducted by the Department of Electronic Communications, now under the Deputy Ministry of Innovation, has four frequency licenses up for grabs with four networks on high alert. In
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Over 83,000 people, or close to 8% of the island’s population, have been tested with an antigen rapid test in recent weeks, as part of the government’s strategy to carry out some 600,000 screenings among the general population to gain a clearer picture of how widespread the coronavirus has become. The health ministry said in
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Cyprus Presdient Nicos Anastasiades said authorities are in the process of committing the €5 mln pledged in support to Lebanon, after the devastating blasts that hit Beirut in August. President Anastasiades attended on Wednesday evening a videoconference, held at the initiative of the UN Secretary-General Antonio Guterres and French President Emmanuel Macron, with heads of
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By Hussein Sayed, Chief Market Strategist at FXTM The S&P 500 registered a new record high on Wednesday, rising 0.2% as the rotation to economically sensitive stocks continued into the first week of December. Sentiment remained upbeat despite several gloomy reports. The number of US Covid-19 hospitalised patients passed 100,000 for the first time, while
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More Cypriots are getting divorced, living longer, still prefer a church wedding while choosing to have children at a later stage, according to the latest demographic report. The Republic of Cyprus’ population increased by 1.4% in 2019 to 888,000 up from 875,900 the year before. Cyprus’ population is ageing with the number of children under
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