After imposing an overnight curfew with catering establishments closing at 10.30 pm, the government has introduced more schemes worth €150 mln to support business, workers and the unemployed. Labour Minister Zeta Emilianidou announced on Thursday, the government has approved special funding schemes to help out businesses and people hammered by the coronavirus outbreak. Since the
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Cyprus’ pandemic-struck economy is expected to contract by 6.2% GDP in 2020, rebound 3.7% in 2021 and 3% the year after, said the European Commission autumn economic forecast. According to the forecast, in the first half of the year, economic activity declined by 5.5% y-o-y, dragged by the impact of the COVID-19 crisis and accompanying
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If new coronavirus containment restrictions are observed then Cyprus will see a steady but gradual decrease in COVID-19 cases within two weeks, said an expert on infectious diseases. Maria Koliou, chairwoman of the Medical Association’s committee on coronavirus, said the previous measures introduced prevented an increase in infection rates even if cases have stayed in
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A night-time curfew until November 30 imposed by authorities to flatten the second wave of coronavirus could see hundreds of restaurants and bars facing closure, after surviving lockdown in March. As the overnight curfew imposed earlier on Limassol and Paphos now applying to the entire country from 11 p.m. to 5 a.m. with bars, cafes,
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Cyprus has introduced a three-tier system of measures to contain coronavirus while tackling the hotspots of Limassol and Paphos to ensure islandwide transmission is buffered. Most of the new restrictions like the night-time curfew and hospitality closing at 10.30 pm come into effect from Thursday while other measures like compulsory mask-wearing will endure until mid-January.
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By Hussein Sayed, Chief Strategist at FXTM Markets continue to look through the political uncertainty across the pond as measures of volatility collapse, while investors find solace in trusty growth stocks that will outperform. The odds for a Trump second term have narrowed as Joe Biden won Wisconsin and Michigan overnight, two key swing states
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To avoid total lockdown, Cyprus is imposing a night-time curfew from Thursday until November 30 in a bid to blunt a sharp spike in coronavirus cases and protect the health service. A night-time curfew earlier imposed on Limassol and Paphos now applies to the entire country from 11 p.m. to 5 a.m. Bars, cafes, and
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Cyprus registered unemployed spiked 90% in October to 31,487 from 16,5444 in 2019, as the pandemic takes its toll on the labour market with hospitality and services taking the heaviest blow. Statistical Service data shows registered unemployed are mainly in the sector of accommodation and food services where unemployment rose by 5,283 from October 2019.
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Cyprus announced stricter measures on Wednesday for the coastal towns of Limassol and Paphos where coronavirus infections continue to spread at a higher rate than the rest of the island. All sports events and under-18 activities in both towns are cancelled until the end of November, while children’s playgrounds and gyms will be closed, health
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Cyprus reported 166 new cases of SARS-CoV-2 on Wednesday, below Tuesday’s 174 and far from the 190-plus daily cases seen during the past two weeks. However, the number of patients in hospital has shot up from 40 and 42 during the past two days to 57, five of whom in intensive care, with health officials
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