New coronavirus cases remained above 200 on Sunday, topping 216, having surged to a six-week high of 226 the day before, as health authorities are pondering re-introducing new measures to control the virus. With the daily infection rate exceeding the 100-barrier throughout the past week, blamed mainly on the more potent Indian ‘Delta’ variant, the
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There we were thinking the government would turn the page on its transparency record by reshuffling the Cabinet to herald a bright new dawn in Cyprus politics. The parliamentary elections sent a flare gun into the atmosphere to spotlight public fatigue with the political system. Cypriots are suffering establishment fatigue; there is no longer any
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Tourism stakeholders say the summer season is dangerously closing, as the UK dashed the island’s hopes of welcoming thousands of British tourists. The UK government updated its safe travel list on Thursday, adding just three countries and regions to its green list from where self-isolation on return is not required. The next evaluation scheduled for
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Another company prepares to enter the non-performing loans (NPLs) market in Cyprus. Themis – the Goddess of Justice – will own and take over the management of NPLs the global giant Pimco will acquire from the Bank of Cyprus (BoC). BoC and Pimco agreed on the sale of NPLs with a gross book value of
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New coronavirus cases in Cyprus on Saturday hit their highest level for six weeks, with the recent spike of infections blamed on the more potent Indian variant. Infections went above 200 for the first time since 13 May, rising above Friday’s 169 to reach 226. The Health Ministry said that there were no deaths attributed
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Cyprus maritime stakeholders are joining forces on a €1 mln artificial intelligence project that puts the island on the technological map to keep the seas cleaner and safer. MARI-Sense, a project using intelligent systems for human operators to make sense of the complex maritime environment for transport, shipping, coastal tourism, search and rescue, spatial planning.
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After weeks of coronavirus seemingly under control, daily cases below 100 and no new deaths reported, hospitalisations at low levels, the recent spike calls for drastic measures to prevent a new wave this summer. Under public pressure in the run-up to the May 30 parliamentary elections and the need for students to return to class,
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Cyprus and the European Investment Bank (EIB) signed two new Finance Contracts for €362 mln in record new financing for priority transport infrastructure and lending to businesses affected by Covid-19. It includes first financing from the EIB’s European Guarantee and new financing for SMEs through the Cyprus Entrepreneurship Fund. President of the European Investment Bank
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Buying a property in Cyprus is not difficult due to the abundance of supply; selling your own property is more difficult since you have to compete against well-organised developers and agents. For this reason, the selling time may take up to six months or even longer (depending on how marketable your property is). Consequently, if
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New coronavirus cases in Cyprus remained above 100 for the fourth consecutive day, dropping slightly to 169 on Friday, below the 175 the previous day and close to the 165 on Wednesday. The health ministry said that there were no deaths attributed to Covid-19, making it the eleventh day in a row. The ministry said
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