From Monday, businesses are obliged to verify their clients’ Safe Pass validity using an application designed by the Deputy Ministry of Innovation, called CovScan. The cabinet-approved decision is perceived as a move to clamp down on people carrying a fake Safe Pass for work or leisure. As explained by a Health Ministry official, CovScan is
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The decisions made by the European Central Bank (ECB) in the early stages of the Covid-19 pandemic are considered a milestone for the European financial market. The decisions were diffused by unprecedented prudential regulatory flexibility. In an interview with the Cyprus News Agency, Elizabeth McCaul, the ECB’s Supervisory Board member, reiterated that a new wave
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Cyprus reported no coronavirus deaths for the second day in a row on Thursday, with the number of new cases and hospitalisations rising to 252 and 73, respectively, as government advisors are calling for those who have been fully vaccinated to be tested regularly. The head of the team of scientists advising the government on
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The defence ministries of Cyprus and Israel signed on Thursday a bilateral agreement to install a €27.5 mln surveillance system monitoring activity across the island’s 180-km dividing line, officials said. Cypriot Defence Ministry spokesperson Christos Pieris told the state-funded Cyprus News Agency that the system would be used for electronic surveillance of the Green Line.
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In an update on Cyprus’ vaccination rate, the Health Ministry said that 80% of the island’s adult population are now fully vaccinated, while 82.3% have received one dose of a COVID-19 vaccine. Cyprus vaccination rate has not moved much, as last week’s figures stood at 79.9% for fully vaccinated, and 82.2% had received a COVID
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The Cabinet decided to reduce VAT to 5% from 19% on Electricity Authority of Cyprus (EAC) bills for low-income households to mitigate the burden of energy price hikes. Energy Minister Natasa Pilides said Thursday’s decision would be in place for the next six months. She said the government used the European Commission toolkit to offer
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By Han Tan, Chief Market Analyst at Exinity Group Asian stocks are mostly in the green, in step with US stocks that rose to new record highs. The dollar index is not straying far from the psychological 94.0 level, keeping spot gold below its 50-day simple moving average. The Federal Reserve’s tapering announcement confirmed widely-held
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The fate of Omonia Nicosia FC is hanging in the balance as a deal by Cypriot expat billionaire John Christodoulou to take over from wealthy investor Stavros Papastavrou has suddenly fallen through. Monaco-based Cypriot billionaire Christodoulou was set to take over Omonia FC in a deal worth around €28 mln, from the current major stakeholder,
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Cyprus will administer booster shots to everyone aged 50, and over plus anyone with severe obesity, the cabinet decided on Thursday. The government approved lowering the age limit for booster shots from 60 to 50, on the condition they have completed their initial vaccination scheme at least six months earlier. The decision was taken following
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DP World Limassol bade farewell to Royal Caribbean cruise ship Jewel of the Seas for the last time this year, on 30 October but expect to welcome it back in 2022. On the occasion of the cruise ship’s last departure from Limassol, from its homeport this year, DP World Limassol’s Interim Operations Manager, Ernesto Osorio,
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