In the fourth quarter of 2020, house prices, as measured by the House Price Index, rose by 5.4% in the eurozone, 5.7% across the EU and 2.4% in Cyprus, compared with the same quarter 2019. For the euro area, this is the highest annual increase since Q4 2006. In Q3 2020, house prices rose by
More
Agriculture Minister Costas Kadis has welcomed the endangered monk seal population reaching its highest number recorded in Cyprus, now boasting 19. The endangered monk seal population (Monachus Monachus) has reached 19, with Kadis noting this was achieved through the protective measures implemented in the past few years. Asked about measures taken to protect the endangered
More
Cyprus reported 622 new coronavirus cases on Thursday, dangerously approaching last Friday’s 3-month high of 705, after daily infections remained stubbornly above 400 throughout the week. The health ministry said that two women died, aged 91 and 44, both with underlying health issues, the second day in a row of a patient in their 40s
More
Justice Minister Emily Yiolitis urged MPs to approve a series of justice reform bills submitted to parliament to avoid Cyprus being tarnished with an ultra-slow legal system. “The justice reform is an urgent need and cannot be put off any longer,” Yiolitis told CyBC radio on Thursday. She said discussions could not go on forever
More
Schools will be shut down much faster under stricter contact tracing protocols, with entire classrooms considered close contacts if a student tests positive for COVID-19 after clusters were detected. The Health Ministry policy change will also consider students to be close contacts if they were on the same bus as someone who tested positive. On
More
The Seabourn Ovation, one of six Carnival Group cruise liners moored off Moni in a ‘hot lay-up’, will soon be departing for Greece from where the company will launch 7-day roundtrip sailings in July that includes Limassol port and a brief stopover in Paphos. The cruises are being sold only to passengers fully inoculated with
More
Scores of infrastructure projects in Paphos costing €123 mln have been completed in the last eight years during two terms of the Anastasiades administration, said Agriculture Minister Costas Kadis. During a visit to the Paphos district, Kadis said 94 projects had been completed, another 46 are under construction or planned, costing €217 mln. Of the
More
The total value of Cyprus real estate transactions in 2020 reached €3 bln, recording a drop of 32% compared to 2019, with Paphos feeling the worst of it while Nicosia was more robust, according to PwC analysis. The decrease is mainly attributed to the significant drop in transactions from foreign buyers due to the pandemic’s
More
By Hussein Sayed, Chief Market Strategist at FXTM The Federal Reserve is in no rush to end its ultra-accommodative monetary support. That’s the conclusion from the latest minutes of the Federal Open Market Committee’s Meeting in March, which means we didn’t learn anything new. Asset purchases of $120 bln per month and interest rate kept
More
Cyprus will get a break from the unusually hot temperatures of recent days, with a cold snap heralding more unsettled weather with wintery showers from Friday night, offering Cypriots the last chance to see snow this year. The island enjoyed higher-than-normal temperatures for early April, as temperatures touched 30 degrees Celsius in mid-week. From Friday
More
