Knee-deep in Omicron paranoia, it isn’t easy to see through the coronavirus fog that has shrouded 2021 to give the year some perspective. Looking back, it is hard not to dismiss the year as one of mask-wearing, social distancing, lockdowns, working from home and queueing up for a test or a jab. The pandemic experience,
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Banks are lifeless institutions in concrete buildings. What determines ‘bank policy’ is the management of a bank, not its chairs, desks, walls or ATMs. A necessary clarification is required to explain why ‘banks overcharge’ and ‘daylight robbery by banks’. Banks are their shareholders, their management and their staff. Customers are just clients, depositors who choose
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Efforts to attract big tech and fintech firms resulted in reputable companies relocating to the island with expectations that 2022 promises to be another boom year. Invest Cyprus, the state agency to entice foreign investments revealing that more companies have already started packing. In comments to the Financial Mirror, Invest Cyprus deputy Director-General Marios Tannousis
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The idea for an individual or couple renting a home for their retirement and seeking facilities of a regular home, including a maid, visiting doctors (on-call), a car with a driver, is an innovative facility that is most welcomed. One reader informed me that he had a freehold unit worth at least €400,000 ready to
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By Paschal Donohoe, Constantinos Petrides and Ministers of Finance, members of Eurogroup Twenty years ago today, around 300 million Europeans held a brand new currency in their hands, the euro. From Lisbon to Helsinki to Athens, citizens were able to withdraw euro banknotes in their local ATMs, buy their groceries with euro coins and travel
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Cyprus reported an unprecedented 5,048 coronavirus cases on Friday, ending the year at its worst as December was the second deadliest month at 41, while hospitalisations continued to rise to 180, near the national bed capacity level. Cyprus may have avoided a fourth lockdown as the government tightened COVID-19 rules, but stricter measures may soon
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From 1 January, motorists caught violating the highway code by the newly introduced traffic camera system will have fines sent to their homes. Currently, the network is live with four fixed speed cameras at a busy Nicosia junction and four more mobile cameras. The four cameras are at a busy Nicosia junction on Grivas Digheni
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Around 70% of working age individuals who sought financial advice from independent financial advisory deVere Group were not adequately saving for their retirement, a company study found. Nigel Green, the chief executive and founder of deVere Group, with more than 80,000 clients and $12 bln under advisement, said, this is an “alarmingly high percentage”. “Seven
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Coronavirus infections soared to a new daily record for the fourth day in a row with 3,851 cases and one death on Thursday, as the government announced mildly stricter measures in an effort to control the Covid-19 spread during the New Year holidays. The new measures focus mainly on the unvaccinated, with other restrictions including
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Cyprus’ real estate market continued its recovery this year, with some indicators exceeding pre-pandemic levels, according to a survey carried out by property analysts Delfi Analytics. In comments accompanying the survey, Delfi Partners & Company said: “2021 was a year of correcting the anomalies caused by the pandemic in the market during 2020 when a
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