Those out of work reached 31,355 in Q3, 2021, with Cyprus’ unemployment rate dropping to 6.6% of the labour force (males 6.1%, females 7.2%), down from 37,234 (8.2%) in the same quarter last year. According to the latest official data, the labour force in Q3 2021 was 472,314 or 64.6% of the population (males 70.6%,
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Cyprus saw a fresh spike in infections on Monday with 586 new coronavirus cases, despite a small drop on Sunday, with the average daily rate above 400 throughout the past week. This was up from Saturday’s 535 cases, the highest daily tally since 10 August, suggesting the island is experiencing a new coronavirus wave. No
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Property prices in Cyprus have bounced back by 87% compared to the first quarter of 2008, according to a recent report by the rating agency DBRS. Real estate values have been climbing slowly, after declining since the 2008 global property crisis. DBRS assessed the property markets in Cyprus and another five countries, Spain, Ireland, Italy,
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COVID-19 booster shots are available for people over 30 from Tuesday, provided that six months have elapsed since they were fully vaccinated, with authorities reporting an uptick in vaccination rates. People over 30 who want the third dose of a COVID-19 jab can visit a walk-in vaccination centre or book their appointment online. Booster shots
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Pope Francis denounced the Mediterranean Sea as a graveyard for migrants shortly before embarking on his trip to Cyprus and Greece, where he will give a message of support for refugees. “I am also thinking of those who, in recent years and still today, have been fleeing from war and poverty, landing on the shores
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By Hussein Sayed, Chief Market Strategist at Exinity Group Last Friday could be regarded as 2021’s worst day in financial markets. Risk-off sent stocks, oil prices, commodity currencies and Treasury yields sharply lower, reminding investors of the dark days in early 2020. The Greek letter “omicron” has suddenly changed the game in markets and has
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Cyprus police are treating the disappearance of two Russian women, 33 and 43, as suspicious, while a Syrian suspect is in custody. Investigators said the Syrian suspect had access to a holiday home outside Limassol, where bloodstains were discovered, later proven to be from one of the missing women, with police treating it as a
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Louis Plc, the CSE-listed hotels-to-travel group, is setting up a new holding company with New York-based Searchlight Capital Partners, which will take over ownership of Celestyal Cruises and pump €70 mln in fresh funds. The agreement, signed on Saturday and announced on the Cyprus stock exchange, calls for the recapitalisation of the cruise company, which
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Cyprus on Monday enforced stricter COVID-19 restrictions, as children over six now need to wear a face mask in school and present a Safe Pass for extracurricular activities and venues they visit. Mask-wearing and carrying a Safe Pass to gain entry to shops and entertainment venues is now mandatory for anyone over six. Parents Monday
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Cyprus authorities are on alert for the new COVID-19 Omicron variant, assuring the public that the situation is being monitored with no cases being found yet. Health Minister Michalis Hadjipantelas, and the Permanent Secretary of the Ministry, Christina Yiannaki, met with the management of the State Health Services Organization (SHSO) and the directors of General
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