Cyprus’ COVID-19 vaccination rollout is at risk as people eligible for a coronavirus jab prefer to hold back feeling insecure as they are not convinced the AstraZeneca vaccine is safe. Fuelled by doubts created after AstraZeneca’s jab was associated with a series of blood clotting incidents, Cypriots are concerned over not only the safety of
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A large scale annual military exercise codenamed Onisilos-Gideon 2021 got underway Monday to test the island’s air defence capability as part of the cooperation between Cyprus and Israel. The exercise is directed and coordinated by the National Guard General Staff Air Force Command in cooperation with the Israeli Air Force, began on Monday, the Cyprus Defence
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High profile Cypriot politician and former defence and interior minister Socrates Hasikos passed away on Monday at the age of 64 after suffering from cancer. Hasikos was a close associate of late President Glafcos Clerides and a prominent member of the ruling conservative Democratic Rally (DISY), serving as Defence Minister and Interior Minister. President Nicos
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By Hussein Sayed, Chief Market Strategist at FXTM Asian stocks kicked off the week on a positive note as investors cheered the near one million jobs created in the US last month. US equity futures also edged higher, extending their Friday gains with cyclical sectors likely to benefit the most from the strong rebound in
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To promote the island as an ideal destination for international ICT companies and provide support for foreign investors, the Cyprus Tech Association has been established. The Cyprus Tech Association provides a platform for all international ICT companies established in Cyprus to address common challenges. The Association also formally represents its members at forums and provides
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Online auctions of properties once-owned by banks through debt-to-asset swaps are taking off in Cyprus as property management firms see their digital sales grow during the pandemic. A private online platform, BidX1, active in Cyprus for the past 18 months, reports that 2020 has been kind to them despite the lockdown and the uncertainty created.
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Cyprus reported no deaths for the second day in a row, with the new coronavirus cases slightly up on Sunday and the number of patient admissions dangerously approaching hospitals’ capacity. The health ministry said that 431 new COVID-19 cases were registered on Sunday, up from Saturday’s 404 and a significant drop from Friday’s three-month high
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By Michael Olympios Almost a decade ago, the apocalypse in the banking sector sent the Cypriot economy’s downgrading by rating agencies to junk, leaving many businesses overleveraged and undercapitalised. Banks’ enormous liquidity that followed the country’s entry into the European Union created an insatiable appetite for high-risk lending, as long as there was any collateral
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Frequently we associate climate change with the images of melting icebergs and lone polar bears clinging to shrinking ice caps as the cliché victims, but most people fail to realise their own wellbeing is at stake. Due to climate change, air quality around the globe has deteriorated, with Cyprus suffering as it is frequently hit
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Halloumi, the Cyprus traditional cheese, has joined the world’s elite of ‘native’ quality foodstuff as after years of disagreement, the European Union awarded the Protected Designation of Origin (PDO) badge, with halloumi makers in Cyprus poised to see their exports nearly double. Shielded behind the newly acquired PDO status, Cyprus traditional cheese makers can now
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