Coronavirus and shutting down businesses as a result of the lockdown imposed to stem the outbreak is a great opportunity for a Green reboot of Cyprus’ economy and society. Experts and stakeholders are urging countries trying to restart their economy to consider Greener solutions that would give it a boost as there is a lot
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Cyprus on Saturday showed it was right to gamble on easing the lockdown after zero COVID-19 cases were recorded for the first time since the outbreak on March 9. The Health Ministry announced there were no new cases of coronavirus from the 2,414 tests taken, this was compared to 4 COVID-19 infections on Friday. There
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We are expected to go out there and get a life now that house arrest has been lifted which is what lockdown amounted to when you boil it down. The mood music has changed with more schools opening, beaches ready for business and open-air cafés and restaurants attracting customers out of their domestic shell. I
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As Cyprus lockdown eases, organized beaches reopened on Saturday and the Health Ministry issued guidelines on the distance between umbrellas and sunbeds and what the public should look out for. According to the guidelines, the minimum distance between the axles of umbrellas on beaches is set at 4 metres, while the minimum distance between sunbeds
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The Cyprus Securities and Exchange Commission’s (CySEC) hefty fine of a forex firm for not complying with financial regulations has been welcomed by the industry as showing the regulator has teeth. The CEO of Limassol forex firm PFX Financial Professionals was slapped with €350,000 fine and a 10-year ban on trading, another senior director received
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During difficult times various matters arise, which exploit these ‘difficult times’ as an excuse to get away with it. This is the time that part of the market will learn who does good business dealings and who are the con promoters. Regrettably, there is no register where businesspeople or others can refer to for reference
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Cyprus health authorities on Friday, on the day after the lockdown was eased, announced a rise in new COVID-19 cases to four from one the previous day. The four new cases were located among 1,970 coronavirus tests taking the confirmed total to 927 (plus 12 in the British Bases). Two infections were found at a
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Cyprus airports will gradually begin to welcome flights and tourists from June 9 following three months of lockdown, Cypriot Transport Minister Yiannis Karousos said Friday. The decision was approved by cabinet ministers on Friday with the airports opening in two phases from June 9-19 and then June 20. The island’s two largest tourist markets –
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Authorities are calling on landlords to temporarily lower rents as the House of Representatives on Friday adopted legislation giving tax incentives to property owners to reduce their rent. A government bill passed with 47 votes in favour and none against, amends the property law so as to offer tax credits to landlords as an incentive
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By Han Tan, Market Analyst at FXTM The heightened uncertainties in the markets are causing further ventures into riskier waters to pause for breath, after what has been a bumpy ride for risk assets this week. Asian currencies are now weaker against the US Dollar as regional stocks added to Thursday’s losses, with Hong Kong’s
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