Cyprus is reducing the infection rate of coronavirus which is a prerequisite for easing the lockdown and social distancing measures, said Health Minister Constantinos Ioannou on Wednesday. He said Cyprus should evaluate epidemiological indicators before gradually de-escalating restrictive measures taken to stem the pandemic. Talking to state broadcaster CyBC, the minister said the government should
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Finance Minister Constantinos Petrides said it is vital the Cyprus economy gradually gets back to business as usual, otherwise bankruptcy will not be far behind. In an interview with state broadcaster CyBC on Wednesday, Petrides said: “The important thing is for the economy to start producing because otherwise, the risk of bankruptcy is visible”. Petrides
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Cyprus is taking the COVID-19 fight to the virus by undertaking the arduous task of contact tracing those infected to contain the outbreak, a practice some other countries have abandoned. Contact tracing is a difficult and continuous task, said member of the Epidemiological Monitoring Unit of the Health Ministry Valentinos Silvestros, noting that so far
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By George Soros European Commission President Ursula von der Leyen has announced that Europe will need about €1 trillion ($1.1 trillion) to fight the COVID-19 pandemic. This money could be used to establish a European Recovery Fund. But where will the money come from? I propose that the European Union should raise the money needed
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Tourist arrivals in Cyprus crashed in March following a lockdown to contain the COVID-19 pandemic which involved a ban on all commercial flights that is still enforced. According to official data, arrivals of tourists reached 55,342 in March 2020 compared to 169,934 in March 2019, recording a drop of 67.4%. From 15 March, an entry
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Revenues from Cyprus ship-management companies, by far the biggest money earner for the maritime cluster, reached an all-time high of €581 mln in the second half of 2019, up €58 mln from the first half, to reach €1.104 bln. Central Bank of Cyprus data also suggests some changes in revenue by country of billing or
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Despite a spike in new coronavirus cases on Tuesday, health experts are optimistic that Cyprus is still on the right track to overcoming the spread of COVID-19. Cyprus health authorities reported 12 more infections on Tuesday, up from five the previous day. These 12 positive cases were detected from 1325 tests, bringing the total of
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Cyprus’ road map to reopening businesses and lifting the restrictive measures is to be implemented based on the epidemiological data and expert advice said, President Nicos Anastasiades. This message was conveyed by government spokesperson Kyriacos Koushos, following meetings the President had with unions and employers and later with partners of the construction industry on the
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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 project in Cyprus. OLAF reported that €400,000 provided by the Commission’s Research Executive Agency (REA) to a consortium of five SMEs in France,
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More Cypriots requested SMS text approval to venture outside their homes for buying basic goods and physical exercise over the Easter weekend, while requests on Sunday fell below the+ normal. According to data, CNA obtained from the Deputy Ministry for Innovation before Easter on average, 200,000 to 230,000 valid text requests were sent daily as
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