Companies from Germany and Spain are interested to bid for the Cyprus-Greece ferry link that will be reinstated after 20 years, but the outcome depends on EU competition approval, the junior minister for shipping said. Natasa Pilides, Deputy Minister for Shipping ever since the former department of merchant shipping was restructured two years ago, said
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Cyprus tourism is experiencing a slowdown due to coronavirus, but no airline or tour operator has cancelled flights or holiday packages for the summer, said Tourism Deputy Minister Savvas Perdios. He told CNA that during his visit to Berlin he received positive messages for the summer season, so far. Perdios, who is still in the
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By Lukman Otunuga, Senior Research Analyst at FXTM Explosive levels of market volatility are becoming the new normal, as conflicting themes force the sentiment pendulum to swing between extremes. This phenomenon has been witnessed throughout the trading week, as coronavirus fears clashed constantly with hopes for new global monetary and fiscal measures. Risk aversion made
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Adoption of a Climate Law, proposed by the European Commission “should be a priority” and will send a clear message to the international community that the EU leads in tackling climate change, said Agriculture and Environment Minister Costas Kadis. in his speech at the EU Environment Council held in Brussels, the Minister recalled that “for
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Cyprus Health Minister Constantinos Ioannou is in Brussels to discuss with EU counterparts a contingency plan to cover needs in medical supplies, especially for small countries, in case of a COVID-19 pandemic. Ioannou will raise concerns about shortages during Friday’s extraordinary EU Health Ministers Council. Health ministers seek to prevent shortages in medical supplies such
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More than 200 paintings by leading 20th century Cypriot artists feared as looted or destroyed during the Turkish invasion in the summer of 1974 will go on public display for the first time in 46 years. This follows a bicommunal effort to exchange cultural heritage as a confidence-building measure between Greek and Turkish Cypriots. The
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A Limassol-based fintech startup, eCredo, plans to revolutionise e-payments with quick and low-cost transfers, as high street banks continue to charge high rates, frustrating customers who are seeking alternative ways to do business. “E-payment is the electronic means of making payments in what is still a developing sector of the economy,” said a senior eCredo
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While the government is adamant on keeping four crossing points closed as part of its measures against novel Coronavirus, UNFICYP has expressed concern over “the ongoing disruption caused to people on both sides”. On Thursday, The UN peacekeeping force issued an announcement saying it was concerned over the situation as it said the opening of
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The four crossing points closed as a precaution against coronavirus will remain closed until Monday when the situation will be evaluated, said Health Minister Constantinos Ioannou. Ioannou briefed the National Council which evaluated the situation on the COVID-19 crisis including the decision to suspend the operation of four crossing points along the island’s divide. “The
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Cyprus’ Finance Ministry will intervene to stop banks charging for cash withdrawals made from their ATM by customers from a rival bank. Finance Minister Constantinos Petrides told MPs a decree is to be issued next week which will also impose a ceiling on other charges for services offered by local banks. The Finance Minister along
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