Cyprus reported four coronavirus deaths on Wednesday, a drop in daily cases to 3,197, an increase in hospitalisations to 266 and critical patients rising to 93 from the previous day. The health ministry said in its Covid bulletin that the latest victims were two men aged 57 and 87, as well as two women, 68
More
The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive) and Hellenic Bank (B/Positive) to continue this momentum in 2022 as each has a large disposal planned. The economic recovery will help the
More
Turkish Cypriot authorities have locked in a 40% increase to the minimum wage from 7,000TL (€445) in the north, up from the previous level of 4,970TL (€316), introduced in September. The decision was taken on Wednesday, following a labour council meeting made up of workers unions, employer organisations, and the labour authority in the Turkish
More
Testing rules for schools and nursing homes were tightened on Wednesday, as the government ushered in additional measures to stem an Omicron powered fifth wave of infections. Next week, authorities will introduce a ‘test to stay’ policy for schools, increasing testing for students in classrooms where positive cases are detected. Under the new regulation, close
More
October 2021 was the most profitable October for the tourism sector as income from tourists holidaying on the island hit an all-time high for the month. According to data by the Cyprus Statistical Service, revenue from tourism in October exceeded those recorded for the same month pre-coronavirus. It crushed income recorded in 2019, which saw
More
From 14 January, people travelling to Cyprus aged 12 and above are no longer required to have a PCR test 48 hours before their departure, as authorities provide travellers with the option to take a 24-hour rapid test. The authorities have tweaked the testing requirements for arrivals just a week after reducing the validity of
More
A Cyprus task force conducted a coordinated operation in the Paphos village of Chlorakas following recent violence involving 150 people and the police. Paphos police, officers from the Crime Prevention Squad and the Drug Squad launched a coordinated operation in the village at around 5 pm on Monday. During the operation, searches were carried out
More
A State Department spokesperson said that Washington continues to support regional stability and energy cooperation between Cyprus, Greece, Israel through electricity interconnectors like EuroAsia. The comments follow the publication in Greek media of a non-paper outlining US reservation over the financial and environmental sustainability of the ambitious East Med gas pipeline project. The State Department
More
By Han Tan, Chief Market Analyst at Exinity Group US equities are looking to further pare 2022’s losses with futures now edging higher, potentially extending Tuesday’s rebound in which tech stocks outperformed. Asian stocks and European futures are also carrying on in similar risk-on fashion on Wednesday. The benchmark dollar index (DXY) is holding on
More
SBA Police Sergeant Loucas Panayiotou has revealed his pride in being awarded the Overseas Territories Police Medal by Queen Elizabeth II in the New Year’s Honours List. The prestigious award was given to the 30-year police veteran for his outstanding work and dedication to his job, including his role as a Community Sergeant in the
More
