Cyprus tourist arrivals were almost non-existent last month as the COVID-19 pandemic continues to play havoc with holiday travel. Tourist arrivals plunged by 95.2% in February due to travel restrictions and lockdowns at home and abroad. According to official figures released Wednesday, tourist arrivals were 5,047 in February, dipping 95.2% from 105,592 in the same
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The Cyprus capital market continues to grow despite tougher conditions, and with it, the regulator is expanding to cope with the additional burden. Demetra Kalogerou, Chairwoman of the Cyprus Securities and Exchange Commission, said that 88 new financial entities were approved for licensing last year, 69 are active in collective investments, 14 provide investment services,
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Job vacancies in Cyprus recorded an annual increase of 6.8% in the fourth quarter of 2020, with the largest rise recorded in the Manufacturing and Information and Communication sectors. According to the Statistical Service, the number of job vacancies in October-December 2020 reached 4,964. Job vacancies increased by 318 (6.8%) compared to the same quarter
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After six years of political limbo, Cyprus’ traditional cheese halloumi is on the home straight of an arduous race to be registered as an EU product of Protected Designation of Origin (PDO), Agriculture Minister Costas Kadis said. He hopes Cyprus’ long-standing goal of protecting its biggest export can be achieved within weeks. Kadis said Nicosia
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Cyprus’ Met Office issued a yellow warning on Wednesday for isolated thunderstorms, wind and heavy rain across the island until late afternoon. “Isolated heavy thunderstorms are expected to affect the island. Rainfall may exceed 35mm per hour,” said the Met Office warning. The outlook will be overcast, breezy with isolated heavy showers or thunder affecting
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The British Bases Cyprus Community Relations Fund (CCRF) team has begun distributing €40,000 to local communities to help them fund numerous projects. Money from the CCRF is distributed within the bases to assist in funding projects, supporting charitable organisations and helping individuals that may need financial assistance. The donations, which this year are supporting more
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A resurgence in Cyprus COVID-19 cases in recent weeks will begin to calm down by the end of April with infections declining in the next two weeks, according to scientist Peter Karayiannis, a government advisor. The virologist and University of Nicosia Medical School professor said normalcy should return before May with more lockdown restrictions lifted.
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President Nicos Anastasiades has urged Limassol residents to comply with measures to curb the spread of COVID-19, warning of tougher restrictions if they don’t. Limassol is at the epicentre of a spike in coronavirus cases and transmission, undoing Cyprus’ progress to contain the virus. After scenes of people taking to the streets of Limassol to
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By Hussein Sayed, Chief Market Strategist at FXTM It has been a year since the Federal Reserve was forced to lower interest rates to zero, joining other central banks in taking measures to prevent a severe economic downturn led by the coronavirus pandemic. The Fed emergency action back then included an additional $700 bln in
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Cyprus reported one death from COVID-19 on Tuesday, 475 new coronavirus cases and 221 patients, pushing the death toll to 241 and 40,344 infections since the pandemic started. The health ministry said that a 73 year old man died at Nicosia General hospital, with 160 of those who have died being men (66%) and 81
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