Cyprus is contemplating extending restrictive measures on free movement, adopted to stem the spread of coronavirus, until the end of April, according to state broadcaster CyBC on Monday. Website Philenews also cited sources saying that the government is also looking into the possibility of postponing Easter celebrations until the end of May. Speculation that the
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The coronavirus pandemic will tighten near-term private financing prospects for emerging markets, Moody’s Investors Service said in a new report, as funding will focus on mobilising private capital for water, sanitation and health infrastructure. “The outbreak will also focus multilateral development banks’ (MDBs) efforts on mobilising the private capital needed for essential water, sanitation and
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Applications to suspend repaying loans in Cyprus have exceeded 15,000 after the government announced a nine-month freeze as part of emergency measures to mitigate the impact of the coronavirus outbreak. Cyprus parliament, earlier this month approved a law for taking extraordinary measures at financial institutions and regulatory authorities with the Finance Minister issuing a decree
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Cyprus is using technology in its struggle to stem the spread of COVID-19 by launching an application to help people who don’t work from home to keep track of their contacts and locations visited, in case they contract the disease. The app, dubbed COVTRACER, was developed by the Research Centre on Interactive Media, Smart Systems
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The coronavirus pandemic has triggered a ‘significant rise’ in the demand for savings solutions, according to the deVere Group, a leading independent financial advisory organisation, that reported a 28% jump in enquiries about savings plans in March. “Since the coronavirus outbreak began to have an all-consuming international impact in late February, early March, we noticed
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A Cyprus e-health national platform for inpatient and remote monitoring of COVID-19 cases is on trial at Famagusta and Nicosia General hospitals. The platform aims to expand its capability to monitoring patients who are recovering at home through telehealth. Symptoms are recorded by the system which prioritises them, especially for vulnerable groups, to allow a
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Greece officially went into lockdown on March 16 as part of the government’s plans to curtail and control the spread of the deadly coronavirus. The closure of schools and universities, the ban on conferences, social gatherings and a shut-down of theatres, cinemas restaurants, cafes and commercial stores had preceded a week earlier. The impact of
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Strict COVID-19 social distancing rules seem to be working after Cyprus saw a 33% dip in confirmed daily cases on Sunday falling to 20 from 30 with total deaths attributed to the virus remaining at nine. Moreover, 20 new confirmed COVID-19 cases – from 30 on Sunday – were announced, bringing the total number to
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Stakeholders in Cyprus tourism fear that this year’s season may well be over before it has begun as COVID-19 lockdown will continue for Easter while major tourist markets are facing a far worse fate. While the World Tourism Organisation is saying the coronavirus crisis could impact the growth of the global industry for the next
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RCB Bank has purchased 12 new ventilators that have arrived from China for the Cyprus health system to cope with the coronavirus pandemic. “With the needs of the National Health System and those of the people of Cyprus in mind, the ventilators were delivered to the representatives of the Republic of Cyprus in China and
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