Cyprus will boast a stronger than expected recovery of 5.5% GDP growth this year following the coronavirus pandemic, according to European Commission forecasts. The Finance Ministry noted the strong recovery recorded in the island’s GDP growth in 2021 and the dynamics of the coming years, which were acknowledged in the Commission’s latest autumn forecast bulletin
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Cyprus reported no coronavirus deaths on Thursday, as the number of new daily cases dropped to 264 and hospitalisations rose to 80, with the health ministry revising the national death toll to 587. The ministry said earlier on Friday that after a regular audit of hospital data, ten more cases were attributed to Covid-19, dating
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Revenue from the shipmanagement sector in Cyprus showed a small increase in the first six months of 2021, reflecting the recovery in global shipping after the disruption caused by the COVID pandemic. According to the Ship Management Survey for January – June 2021, by the Central Bank of Cyprus (CBC), revenue from ship management amounted
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A Larnaca district court handed an 18-month jail term, suspended for three years to three men found guilty of causing the death of a 16-year-old boy in 2019 after they had bullied him into consuming large quantities of alcohol. The three men, now aged 20 from Oroklini, and two 19-year-olds from Larnaca and Livadia, were
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After being given the green light from environmental authorities, a large €50 ml private rehabilitation hospital and care centre to be constructed near the Nicosia state fair. The multi-million project will consist of a single building, with a basement, four floors and a roof garden. The start of construction work is planned for 2022 and
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Two key energy projects, the EuroAsia Interconnector subsea electricity cable and importing natural gas for power generation, will end the energy isolation of Cyprus and reduce emissions. Both goals align with EU and global targets and disengage the island’s dependence on crude oil imports for its main power station at Vassiliko. Cyprus hopes to boost
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Health authorities are looking to widen its COVID-19 booster shot roll out to everyone over 18 who have completed their initial vaccination at least six months earlier. A Health Ministry official confirmed to the Financial Mirror that it is considering lowering the limit for a third COVID vaccine shot to 18, with a relative proposal
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Although happy with their standard of living, Cypriots have a gloomier economic outlook than most Europeans and trust their government less than they do Brussels, according to a Flash Eurobarometer on public opinion. Despite the pandemic, EU citizens consider the quality of life and the state of the economy in the European regions to have
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Turkish Cypriot health authorities have confirmed the death of an 8-year-old girl, the youngest person to lose their life to COVID-19 on the divided island. Head of the health services in the north, Ali Pilli, confirmed the 8-year-old girl had died in hospital from COVID-19 on Wednesday. “We have lost an 8-year-old child. We are
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By Han Tan, Chief Market Analyst at Exinity Group Asian stocks were in the red on Wednesday, along with US and European futures, while the benchmark dollar index (DXY) held on to the psychological 94.0 handle to nudge gold prices below the key $1834 level. Inflation fears are returning to the fore, with China’s higher-than-expected
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