After two years of coronavirus impact, shopping malls and retailers are pinning revenue hopes on Black Friday discounts, prolonging the sales extravaganza for the entire week. The countdown for Black Friday sales has begun with shopkeepers preparing attractive discounts and advertising campaigns with rich gifts, extended duration of the offers and opening hours. In comments
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President Nicos Anastasiades warned on Saturday over possible restrictions for the unvaccinated, as Cyprus reported fewer daily cases (255) and one death as hospitalisations rose. On whether the government will take more restrictive measures in the wake of rising COVID infections, President Anastasiades said a two to three-week grace period would be given to allow
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Walk-in vaccination centres will work longer hours into the evening from next week to encourage more people to get a COVID jab, the Health Ministry said. The Health Ministry announced it would be extending the work hours of walk-in vaccination centres to boost the country’s vaccination coverage amid worsening epidemiological data. As of Monday, 22
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With some resistance, the Cyprus government, trade unions, and employers are getting down to the nitty-gritty of the thorny issue of introducing a national minimum wage. The Labour Ministry is determined to introduce a minimum wage despite concerns from both employers and unions, with officials confirming to the Financial Mirror that the target is 2022.
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We spend a lot of time, effort, and money to promote Cyprus as an attractive place for foreign investments. The various pluses for attracting foreign investors are known, but the execution is complex for real estate development projects (including hotels). This country is governed by some people who do not necessarily love Cyprus and its
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The pandemic has caused new turmoil and highlighted the ongoing concerns within the European Authorities about the Union’s banking system. The turmoil accelerated the reassessment and upgrading of the operating rules of the banking system concerning capital requirements (ring-fencing). According to the European Banking Authority: “The European Union embarked on wide-ranging reforms of its banking
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Cyprus reported no coronavirus deaths on Friday, while the number of new cases spiked to 475, a figure not seen since August, with hospitalisations remaining at the same level all week. The health ministry said that with no Covid-19 deaths reported for the fourteenth day this month, the toll since the pandemic started remained at
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President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar have agreed to make way for the introduction of 5G across the island, UNFICYP said on Friday. According to a press statement by the peacekeeping force, an agreement was reached thanks to “extensive work carried out by the technical committee on broadcasting and telecommunication over the
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Turkey’s lira recouped 2.4% of its value on Friday after hitting another low, as the currency crashed when the country’s Central Bank announced that interest rates would be slashed again. The Turkish lira had reached its lowest ebb Thursday but was trading slightly better at 10.88 against the US Dollar on Friday. Acting on instructions
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Financial regulators must work together on an international framework to stamp out potential ‘greenwashing’ as capital inflows increase, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The call-to-action from deVere Group’s Nigel Green comes on the back of COP26, at which governments and institutional and retail
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