The new Mu variant does not appear ready to replace Delta as the dominant COVID-19 mutation, although scientists argue it has been around for some months now in South America. Zoe Dorothea-Pana, a lecturer in paediatrics at the European University and member of the Health Ministry’s COVID-19 advisory team, said Mu is not destructive as
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A 29-year-old pregnant woman has become the youngest person to die from COVID-19 in the Turkish Cypriot north after losing her unborn child. The woman, who was six months pregnant when admitted to hospital on 31 July, lost her baby on the 10 August after complications due to the virus. She was in the Intensive
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The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday. “Healthy price increases will drive stronger earnings through to 2022 as the post-pandemic economic recovery and recent significant catastrophe losses fuel fresh demand
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The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders agreed on ten steps to reduce bureaucratic banking procedures to help the economy tick. Procedures such as Know-Your Client (KYC) and client due diligence will be expedited for banking transactions vital for the economy while ensuring compliance with the EU and international anti-money-laundering
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Deloitte has just launched its Technology Fast 50 Program in Cyprus, the United Arab Emirates, Saudi Arabia, Qatar, and Bahrain. The program is a competition for fast-growing companies in both established and emerging technologies, providing them with a platform to showcase their leading position in the field. The Technology Fast 50 Program was originally founded
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Cyprus reported one coronavirus death on Monday, a small drop in hospitalisations to 139 and an increase in new cases to 223, which, combined with more than 74,000 tests pushed the infection rate further down to a manageable 0.30%. The health ministry said in its daily Covid bulletin that a 55 year old man died
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Implementing the EU-backed €1.2 bln Recovery and Resilience plan successfully is important for public finances while boosting the island’s growth prospects, said Finance Minister Constantinos Petrides. Speaking before the House Finance Committee on Monday, Petrides said the ministry’s studies have shown it could add 7% to Cyprus’ GDP while creating thousands of jobs. “The main
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Cyprus and Egypt have agreed to establish a Joint Maritime Committee after the first Intergovernmental meeting between the two countries in Cairo. The move was decided by Cypriot Shipping Minister Vassilios Demetriades and his Egyptian counterpart Kamel Al-Wazir. The Cairo meeting confirmed the excellent relations between the two countries in shipping and reviewed the Bilateral
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Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service. During the six months to June, 3,990 building permits were issued compared to 3,153 in the same period last year, recording an increase
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Annual residential property sales have jumped 31% in the first eight months of 2021; however, real estate sector stakeholders say the industry must come to terms with the scrapped Citizenship for Investment program. According to Land Registry Office data, residential property sales rose in all districts, but only Nicosia outperformed pre-coronavirus 2019. Building permits have
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