With fewer COVID-19 tests carried out, authorities should expect the positivity rate to reach new heights, said lead scientist advising the government on coronavirus, epidemiologist Dr Constantinos Tsioutis. In comments to Politis Radio, Tsioutis said that fewer people are coming forward to get tested with measures being relaxed. Last Friday, a record 7.27% positivity rate
More
Nicosia urges Brussels to intervene in dealing with migration flows from Turkey, citing evidence that Ankara is instrumentalising migrants against the Republic trying to welcome Ukrainian refugees. Interior Minister Nicos Nouris on Monday meets his EU counterparts to discuss increased migration flows from Turkey and Cyprus’ request for financial aid to upgrade its refugee reception
More
Cyprus and Israel have long-standing political, economic, and social relations. Over the past decade, commercial and tourism ties have also become more substantial, with many Israeli companies investing in Cyprus. At the same time, many Israelis choose Cyprus for residency, acquiring houses or apartments, taking advantage of the safety the country offers and the proximity
More
By Hussein Sayed, Chief Market Strategist at Exinity Investing in 2022 has proved to be challenging for many investors. Inflation has been skyrocketing in almost all developed and emerging economies, and central banks are racing towards raising interest rates. China continues to impose lockdowns to contain surging Covid-19 cases, and no one seems to know
More
Cyprus reported no coronavirus deaths on Sunday, the fifth time this month, as new cases remained above the 4,000 marker, keeping the infection rate at a high 5.22%, while hospitalisations increased for the ninth day in a row to 173. The health ministry said in its Covid bulletin that March death toll remained unchanged at
More
Moscow’s invasion of Ukraine has rightly drawn criticism across the world and caused multiple sanctions against Russia, with a threefold increase in interest to transfer money to secure payments either at home or overseas. The sanctions might affect remittances and increase the use of cryptocurrencies in Russia. These sanctions span from tight controls placed on stock
More
President Nicos Anastasiades and his energy minister are pushing to raise awareness and support in the urgency for energy security as part of the EU’s desire to diversify supplies, especially within the Union’s efforts to disengage from Russian oil and gas, while introducing cleaner sources. One of the best ways to practically implement this plan
More
Cyprus reported two coronavirus deaths on Saturday, an increase in daily cases to 5,172, a spike in the number of hospitalisations and a mild drop in the already-high infection rate to 6.27%. The health ministry said in its Covid bulletin that the latest victims were two women, 85 and 96, raising the March death toll
More
The drastic changes in the Cyprus banking sector hinge on four key events during the past nine years, which should have taught the authorities and consumers alike a lesson or two. After the boom and bust of the Cyprus Stock Exchange in 1999-2000, the island joined the European Union in 2004, with stricter regulations imposed
More
The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle is still seeing part of the action. Larnaca is headed for a major make-over
More
