When officials tell you not to panic about the coronavirus outbreak the fear begins to start in your toes and work its up into a frenzy until every sniffle and cough is a potential prison sentence. Cypriots like every other human being are irrational, even though Covid-19 hasn’t reached our shores it is quickly enveloping
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The offer by President Nicos Anastasiades to provide the presidential retreat at Troodos and some government houses, as a recuperation centre for coronavirus patients, although gracious, is misguided. For the umpteenth time, Cyprus remains a reactive state and hardly ever proactive. Shutting down four crossing points for a week will hardly protect our cocoon island
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The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organisations. The prediction by Nigel Green, CEO and founder of deVere Group, comes after equities lost a tenth of their value this week as
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News that Cyprus ranks fourth amongst EU member states for the number of enterprises (73%) using social media, companies still need to breach the digital divide. Despite the encouraging data presented in a Eurostat report, businesses in Cyprus are far from making full use of growth potentials offered by social media or digital marketing, say
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Cyprus has added Singapore and Hong Kong to its list of high-risk countries from which travellers arriving at the island’s airports will be screened and assessed. The Health Ministry said Friday it has intensified airport screenings to cover people who travelled to certain countries with a high number of Covid-19 incidents within the last 14
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Cypriot authorities on Friday announced they were temporarily closing four of the eight crossing points across the island’s ceasefire line in efforts to prevent a coronavirus outbreak on Cyprus. “For more effective control over the entry points, operation of the crossing points at Ledra Street, Astromeritis, Lefka and Dherynia are temporarily suspended for seven days,”
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Deposits in the Cyprus banking system marked a 2% annual rise in January to €48.5 bln but the trend was down on the previous month, Central Bank of Cyprus data shows. Deposits in January 2020 amounted to €48.5 bln whereas loans were €33.6 bln. Total deposits marked a net reduction of €311.9 mln in January
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Cyprus has saved €13 mln by fully repaying an International Monetary Fund (IMF) crisis loan before schedule which was granted to Nicosia during the 2013 financial meltdown. According to a written statement from the Ministry of Finance, the total repayment amounted to €716.67 mln (569.63 mln SDR). The early repayment of the loan, combined with
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Two senior officials of the Turkish Petroleum Corporation (TPAO), Mehmet Ferruh Akalin and Ali Coscun Namoglu, are on the EU sanctions list for Turkey illegally drilling within Cyprus’ Exclusive Economic Zone. The restrictive measures – that have riled Ankara – consist of a travel ban to the EU and an asset freeze. Moreover, EU citizens and
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A fire at the Turkish Cypriot hospital Burhan Nalbantoğlu, in the north of Nicosia, led to the evacuation of 300 patients, as two people died after being transferred to a private hospital. Two male patients aged 62 and 74, who were being treated in ICU when the explosion occurred, died after arriving at another hospital.
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