It’s been almost a year since SARS-CoV-2 was discovered in Wuhan. The absence of transparency by the Chinese authorities and the lack of quick, effective response from governments around the world allowed the virus to spread like wildfire throughout the planet, infecting 53 mln people and with 1.3 mln deaths. Forget the Oil Crisis of
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US President-Elect Joe Biden’s top priority will be dealing with the pandemic at home, tensions over trade wars with China and the EU coming second but Cyprus will also be somewhere in the big picture. Cypriot politicians are hoping that a new Biden administration will show a keen interest in many foreign policy priorities, including
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Cyprus recorded another three-digit surge in COVID-19 cases on Saturday taking the total beyond 7,000 since the outbreak while another death was announced. This raised the total for the past seven days to 13, as a spike in infections has seen a third of all deaths come in the last week. In all, 39 have
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As new units are increasing in their sales price, so is the difference between old and new property values. If one is to compare the values of new apartments directed primarily towards locals within town centres of around €2,500/sqm (+VAT) and the older ones of around €1,200-€1,500/sqm (depending on the state of repair) the difference
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Former Cypriot Foreign Minister Dr Erato Kozakou-Marcoullis in an interview with the Financial Mirror argued Cyprus and the wider region can expect positive changes when US President-elect Joe Biden takes over at the Whitehouse from incumbent Donald Trump. The veteran diplomat also believes that a Biden administration will back the East Med alliance involving Cyprus,
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Many of the 1.8 million British expats living in Europe will have their UK bank accounts closed imminently because of Brexit – and they should urgently seek alternatives to “sidestep avoidable issues.” This is the warning from Nigel Green, the chief executive and founder of deVere Group, a leading independent fintech and financial advisory, which
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Turkey’s lira has rallied about 11% since hitting a record low last week as a major shake-up in Turkey’s economic leadership pointed to immediate measures to support the currency. The currency outperformed most of its peers in Europe, Middle East and Africa on Friday amid uncertainty over the availability of a coronavirus vaccine and fears
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Cyprus said a fourth person died on Friday with the cause of death related to Covid-19, after three had been announced earlier in the day. This raised the total for the past seven days to 12, as a surge in infections has seen nearly 30% of all deaths come in the last week. In all,
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The Cyprus economy bounced back in the third quarter to 9.4% GDP growth from a 13.1% contraction in the previous quarter that included the lockdown period to control the pandemic. Year-on-year, the Cypriot economy recorded a milder contraction in the third quarter with economic activity showing signs of improvement amid the coronavirus pandemic. According to
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Despite authorities tightening measures three times in recent weeks, Cyprus’ epidemiological landscape has worsened with hotspots Limassol and Paphos reporting an ever-increasing number of new daily COVID-19 cases. Cyprus’ epidemiological data has dangerously deteriorated to a 14-day cumulative rate of 247.5 COVID-19 cases per 100,000 population, up from 207.9 per last week. Over half the
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