In Cyprus, private debt (households and non-financial corporations) declined to €56 bln in Q2 2021, marking a reduction of €500 mln from the previous quarter, according to financial data from the central bank (CBC). The debt of the non-financial corporations (total liabilities in loans and bonds excluding intra-group amounts) at the end of June was
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Cyprus is considering extending its COVID-19 booster shot rollout to younger ages as an uptick in daily coronavirus cases has scientists concerned the fifth wave of infections is coming. In comments to the Financial Mirror, Dr Zoe Dorothea Pana, advisor to the government on the coronavirus outbreak, said scientists would suggest the age limit is
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Cyprus’ shortage of IT talent and professionals are the biggest challenges the country faces on its path to digitalisation, said Innovation and Digitisation deputy minister Kyriacos Kokkinos. Talking to MPs on the progress of digitalisation of the country, Kokkinos said the IT sector is currently short 3,500 professionals. He said comprehensive upskilling and reskilling programmes
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mixed on Tuesday as investors braced for a pivotal week, jampacked with key central bank meetings and economic reports from major economies. Currency markets are holding in tight ranges, while gold prices rose slightly due to a softer dollar. European markets were mixed, despite
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“We have 340 sunny days per year,” Georgia Mouskou said as sunlight streamed through her windows. “But we’re still not betting on renewable energies in Cyprus.” Faced with her skyrocketing electricity bill, Mouskou says she wants to “rent a plot” to install solar panels. Like Mouskou, rising energy costs and environmental concerns have caused residents
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Cyprus reported the first coronavirus death this month, as cases dropped slightly to 249 on Tuesday, with health officials concerned over the uptick in new cases that had been kept at near-100 levels daily throughout most of October. Health Minister Michalis Hadjipantelas said authorities are anxious over a recent spike in daily COVID-19 cases, with
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The junior shipping ministry plans to spend 17% more next year on digital transformation and scholarships for students who seek a maritime sector career. Deputy Minister for Shipping Vassilis Demetriades told House Finance Committee MPs that the department’s spending for 2022 has increased from €14.6 mln to €17.2 mln, with revenues expected to be 91%
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Health Minister Michalis Hadjipantelas said authorities are anxious over a recent spike in daily COVID-19 cases, with scientists looking into the causes behind the uptick. Health authorities are concerned over a rise in infections after 280 were reported on Monday, the highest level since September. In comments to the Cyprus News Agency (CNA), Hadjipantelas said
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Cyprus, among 100 countries, pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 bln in public and private funds to protect and restore forests. The leaders of 100 countries, including President Nicos Anastasiades, agreed on actions to end deforestation by 2030 at the 26th United Nations
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Facing tougher COVID-19 restrictions, many Russians have decided that now is an ideal time to fly off for a Cyprus beach holiday instead of hunkering down at home. Workplaces across Russia are closed in the first week of November for paid “non-working days” to slow the relentless spread of the virus. On Monday, Russia’s state
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