By Andrie Kypridemo As if the haircut on deposits required for the bail-in of banks in March 2013, and the credit constraints that brought Cyprus businesses to their knees, weren’t enough, just 7 years after another black March dawned further financial constraints came from Covid-19 measures. Having reduced their operations to the very minimum or
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Cyprus reported eight new cases of SARS-CoV-2 on Wednesday, five of whom were related to previously confirmed cases and discovered through contact tracing while two others had a recent travel history. The Ministry of Health said 2,449 lab tests were conducted during the last 24 hours with the new coronavirus cases raising the total in
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Cyprus will promote the use of bicycles by offering subsidies as part of its overall strategy to cut down on CO2 emissions, said Transport Minister Yiannis Karousos on Wednesday. Karousos presided over a meeting of the Council for Promoting the Use of Bicycles, in the presence of Commissioner for the Environment Klelia Vasiliou, focusing on
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Energean has signed two new Gas Sales and Purchase Agreements worth $2.5 bln which, combined, represent quantities of up to 1.4 bcm/yr, increasing total firm contracted gas sales from its flagship Karish project to approximately 7 bcm. The new contracts take the Greek energy company closer to reaching maximum 8 bcm/yr capacity for its Karish
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Cyprus children’s rights commissioner has urged authorities to keep a cool head while investigating unruly disruption at a Paralimni high school where animals and flares were used to mark the new academic year. Police have launched an investigation into an incident at the school on Monday where students had tossed rabbits and chickens from the
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Brussels will act to defend the rights of European Union member state Cyprus in its standoff with Turkey over maritime and energy rights, visiting European Council President Charles Michel said Wednesday. Michel’s visit comes a day after Turkey said its Yavuz drillship would continue its energy search off Cyprus until October 12, despite international calls
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The fledgeling East Med Gas Forum (EMGF) will evolve into a recognised international body after Cyprus along with the rest of its members sign the founding charter on 22 September. Following the ratification of the charter by the Cyprus government on Tuesday, Energy Minister Natasa Pilides will be digitally signing the charter at an online
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By Dr Damien Gatinel Our eyes can play an important role in the spread and prevention of the novel coronavirus pandemic. Using extensive research in the field along with ophthalmologist Dr Adrien Mazharian we can answer some vital questions regarding our eyes’ health and offer useful advice on how best to preserve it during the
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Health experts warn the pandemic will take a turn for the worse if Turkish Cypriot authorities are unable to blunt a spike in COVID-19 infections across the Cyprus divide. According to data released on Tuesday evening, Turkish Cypriot health authorities recorded another 21 COVID-19 cases, raising their total to 628. This contrasts starkly with the
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Despite coronavirus disruptions, growing demand for quality education will continue to drive primary and secondary education provider’s growth over the next three years, according to a new report by Moody’s Investors Service. The rating agency said in the report that those with scale, geographical diversification and good track records will see their credit quality benefit
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