Turkey is likely to see a contraction of 3.5% in 2020 because of the economic impact of the coronavirus pandemic, the European Bank for Reconstruction and Development (EBRD) said in its latest macroeconomic forecast.
Cyprus’ economy will take three years to recover fully post-coronavirus after suffering a 13% decline in 2020, according to the worst-case scenario in the Finance Ministry’s stability programme. The worst-case scenario was
By Nicos Tripatsas The spread of coronavirus has brought catastrophic consequences, especially the loss of hundreds of thousands of our fellow human beings, while the damage to the global economy is enormous.
Transport Minister Yiannis Karousos is to set up an inter-ministerial committee that will prepare an action plan by the end of May to gradually reopen Cyprus airports with coronavirus as the backdrop.
Cyprus on Monday began to unlock its COVID-battered economy as construction and retail opened for business, amid government warnings to closely follow health guidelines. Moving on from Monday’s first stage out of
Cyprus GDP could drop between 7% to 14%, in an extreme scenario, according to two senior economists at the University of Cyprus who have published a position paper arguing extensive research based
Government ministers on Thursday mapped out the path that Cyprus will follow until mid-July to end the strict lockdown that the country has been under since the outbreak almost two months ago.
Cyprus will begin to lift strict lockdown measures from May 4 to get its economy back on track after a two-month shutdown to stem the coronavirus outbreak, Cypriot President Nicos Anastasiades said
Cyprus President Nicos Anastasiades announced a partial lifting of lockdown measures from Monday, May 4, whereby all civil servants will return to work, construction sites will resume work and retail stores, including
Revenue generated from Cyprus tourism fell 5.5% in February to €49.5 mln from €52.4 mln in the same month of 2019, this was before coronavirus ruined this year’s holiday season. The income