Emergency support launched by the government amid the coronavirus pandemic saved thousands of jobs and businesses, Labour Minister Zeta Emilianidou said. “Our strategic goal at this stage is to tackle the consequences of the pandemic and that is why we are supporting employment to avert a rise in unemployment,” Emilianidou told MPs when presenting the
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Cyprus announced one more death on Thursday, a man aged 84 with underlying issues, raising the death toll since the pandemic started to 48, as the government prepares to announce new measures on Friday morning, possibly a gradual lifting of lockdown measures. The elderly man was being treated at the Covid-referral clinic of the Famagusta
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Unemployment in the third quarter reached 8.2% compared to 6.7% in the same quarter of 2019, official data showed Thursday. “The labour force in Q3 2020 amounted to 452,154 or 62.9% of the population (males 70%, females 56.4%) compared to 447,206 persons (63%) in Q3 2019,” CyStat said. The number of those employed was 414,920
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Retailers are turning to online sales to make the most of the few opportunities left, unable to lure consumers to brick and mortar shops, especially after the coronavirus has almost cancelled Christmas this year. But come this (Black) Friday, selling online will – for anything other than essentials – be the only game in town,
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By Hussein Sayed, Chief Market Strategist at FXTM Equity markets have had a remarkable rally in November with three promising coronavirus vaccines due to see the light. US equities reached new highs on Tuesday with the Dow Jones Industrial Average breaching 30,000 for the first time, having added 12.7% month-to-date. The UK’s FTSE 100 performed
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As Cyprus mulls relaxing pandemic interventions, the health services reported a record number of COVID-19patients being treated in hospitals. The total number of COVID-19 patients admitted for COVID care has now reached a three-digit figure with 107 now in hospital. On Wednesday, some 62 patients were receiving treatment at the Famagusta General, the country’s referral
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The government is set to ease some restrictions, but others will be in place over the Christmas holidays after President Nicos Anastasiades meets his advisors on the coronavirus Friday. President Anastasiades will be meeting the team of scientists for the second time this week, as daily new cases of COVID-19 have remained stubbornly high with
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Economic sentiment in Cyprus weakened in November from a deterioration in the construction sector as well as consumer confidence dipping. According to a survey by the Economics Research Centre of the University of Cyprus, economic sentiment deteriorated slightly as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.5 points compared with October. “The decrease in the
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Scolded by an anti-corruption report, Cypriot MPs say they will approve pending legislation that scrutinises their assets, incomes and links to lobbying groups. The House Ethics Committee said it aims to have the pending bills tabled for a vote at the plenary before the dissolution of Parliament ahead of the next May’s parliamentary elections. Cyprus
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Cyprus has welcomed new regulations drafted by the IMO’s Marine Environment Protection Committee to drastically reduce greenhouse gas emissions by existing ships once these are implemented in about six months. The target is to cut the carbon intensity of international shipping by 40% until 2030, compared to 2008 levels. The Deputy Ministry of Shipping hailed
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