Cyprus’ economy contracted 1.3% of GDP in the first three months of the year which includes the COVID-19 outbreak in early March. Seasonally adjusted GDP decreased by 3.8% in the euro area,
Cyprus should have a consistent national airline strategy to “make the most of foreign players,” who condemn Turkey’s illegal actions in Nicosia FIR, according to aviation expert Christos Petrou The Flight Safety
Coronavirus-affected economies across Europe could contract on average by 3.5% this year with a rebound of 4.8% possible in 2021, according to a European Bank for Reconstruction and Development report. EBRD warns
Greek Energy Minister Kostis Hatzidakis said the agreement with Cyprus, and Israel to construct an ambitious EastMed gas pipeline constitutes a game-changer for Athens and Europe. A deal for an undersea pipeline
Air traffic over Cyprus has dropped by 83% year-on-year, due to the impact of COVID-19 on aviation, according to Eurocontrol, the umbrella organisation for 41 national air traffic control agencies. Acting as
In the post-virus transition period, countries will move from saving lives to opening up their economies. The full extent of economic dislocation and devastation that will follow this crisis is not yet
Nicosia said on Tuesday that no Cypriot authority received any information from the European anti-fraud office OLAF, regarding an investigation into a €400,000 scam of EU money allegedly diverted into a casino/hotel
Hundreds of Cypriots stranded in the UK will be repatriated with two chartered flights under a Cyprus government coronavirus crisis management plan. The first of the two flights will depart in the
The UK government’s economic strategy to combat the impact of Covid-19 might need a rethink, the CEO of one of the world’s largest independent financial advisory organisations has warned. The warning came
The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the bank’s economists. The European Bank for Reconstruction and Development,
