The coronavirus lockdown boosted the food delivery sector, pushed up sales of gaming equipment as Cypriots also turned to online betting for entertainment. According to JCC credit card data, in the first three months of 2021, Cypriots made 12% more use of their plastic money than the same period last year, with most of it
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Cyprus reported an increase in new coronavirus cases on Monday, rising to 528 from 470 the day before, with hospitalised patients remaining at a high of 225. Of these 56 are in a critical state, just one less than on Sunday. The health ministry said that one person died of COVID-19, a 62 year old
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The number of COVID-19 patients treated in hospital has reached a record 225 people, with 57 in a serious condition. In comments to the Cyprus News Agency on Monday, the spokesman of the state health services organisation (Okypy) Charalambos Charilaou said of the 225, 33 Covid-19 patients are in intensive care, another 24 in an
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Cyprus’ vaccination program will reach people aged 53 on Friday, as the Health Ministry announces more COVID-19 jabs are available to book with thousands of AstraZeneca doses snubbed. The online appointments portal will be available to those aged 55 and 56 on Tuesday and Wednesday, climbing down to 53 and 54 on Friday. Some 20,000
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A former high-ranking cleric of the Church of Cyprus will go on trial before the Larnaca Criminal Court on 26 April to face charges of rape and faces a separate historic indecent assault charge of a minor. On Monday, the clergyman understood to be a former bishop, appeared before Larnaca District court. He was referred
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The UN Secretary-General Antonio Guterres is trying to determine whether there is common ground on what should be achieved at the 5+1 Cyprus conference in Geneva later this month. In preparation, UN special envoy Jane Holl Lute held on Sunday separate meeting in Cyprus with President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar. Everything
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Cyprus’ Health Ministry responded to criticism over the government’s coronavirus handling, referring to the high number of rapid tests and its vaccination rollout to those in their 50s. The ministry said the government had been “unjustly” criticised to “nullify the great effort society has made with sacrifices in the last 13 months”. It argued that
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A Moody’s analysis said nonperforming exposures held by Cyprus banks declining 43% despite the pandemic is credit positive for the economy. The Central Bank of Cyprus said Cypriot banks’ nonperforming exposures (NPEs) declined by €3.9 bln, or 43%, to €5.1 bln in 2020. “The decline is credit positive for Cypriot banks because it reduces risks
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By Hussein Sayed, Chief Market Strategist at FXTM Ever since the US stock market bottomed on March 23 last year, equities have been driven by brighter growth expectations around the world supported by fiscal and monetary policies, as well as scientists who have worked towards eliminating the virus worldwide. According to the most recent BofA
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Cyprus’ public debt widened to €26 bln, or 124% of GDP at the end of February, pushed by increased government borrowing to support the real economy during the coronavirus pandemic. Rising public debt comes as authorities sought to boost cash reserves, building a buffer that would enable the government to support the economy during lockdowns.
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