Cyprus’ pandemic landscape has deteriorated to a 14-day cumulative rate of 321.6 COVID-19 cases per 100,000, up from 270.1 a week ago, despite Limassol and Paphos improving infections elsewhere are increasing. Presenting the latest epidemiological bulletin on the spread of COVID-19 in Cyprus, specialists advising the government said that they are worried as districts such
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From November 30, Cyprus will lift lockdowns in Limassol and Paphos but impose a nationwide eight-hour night-time curfew with earlier closing for restaurants and bars to buffer the pandemic. A nationwide curfew will apply between the hours of 9:00 pm and 05:00 am from November 30 until December 13, Health Minister Constantinos Ioannou said. This
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Capital Intelligence Ratings has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Hellenic Bank at ‘BB-’ and ‘B’, respectively, as well as a ‘stable’ outlook, based on its funding and liquidity strengths. This follows a similar opinion issued by Moody’s on November 11 affirming all ratings and
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Cyprus on Friday announced it would lift partial lockdowns in Limassol and Paphos while introducing a uniform curfew regime from November 30 to curb a spike in coronavirus cases. While a travel ban for Limassol and Paphos is lifted on Monday, and shops allowed to reopen, the entire island will be under tighter measures when
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Bank of Cyprus announced after-tax profits of €4 mln in the third quarter, somewhat easing the pain of €122 mln in losses during the nine months, while its chief executive warned of a slowdown in recovery due to the COVID-19 spike. The impact of the coronavirus and lockdown measures on the economy had a clear
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Cyprus is entering winter mode, following a long, hot dry summer with the highest mountainous areas soon seeing the first snow of the season. The Cyprus Met Office said the island is well overdue for some winter weather with more rain and possibly snow at the top of Troodos Mountain forecast. In comments to the
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Through its actions, Turkey is turning into a destabilizing factor for the region and undermines NATO cohesion at a crucial time, Greek Foreign Minister Nikos Dendias told NATO Secretary-General Jens Stoltenberg. The two men spoke over the phone on Thursday, ahead of a meeting of the Alliance’s Foreign Ministers, early next month. According to Greek
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By Han Tan, Market Analyst at FXTM Asian stocks are mostly higher on Friday, while US equity futures are also pointing north, as risk appetite tries to overcome concerns over the efficacy of AstraZeneca’s Covid-19 vaccine. Investor confidence had been shaken after learning about the manufacturing error in the drugmaker’s vaccine trials, prompting Thursday declines
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The European Bank for Reconstruction and Development (EBRD) will end its engagement in Cyprus at the end of 2020 after completing a six-year mandate in which it invested about €600 mln. The end of the EBRD’s mandate means the bank will stop investing in new projects on the island but will continue to manage an
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President Nicos Anastasiades is meeting the scientific advisory committee Friday followed by a Cabinet session to endorse fresh measures to stem a resurgence of the coronavirus. Health Minister Constantinos Ioannou is expected to announce the measures at Nicosia General hospital at noon. The measures will be decided under the weight of the ever-increasing number of
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