The current cold snap bringing below-average temperatures will continue until the weekend with the weather feeling relatively balmy at around 20 degrees Celsius. For Thursday and Friday, Cyprus will be colder than usual for this time of year with maximum temperatures rising to 13°C, falling to 3° C at night. The outlook forecasts warmer spring-like
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By Hussein Sayed, Chief Market Strategist at FXTM Astonishingly upbeat economic data out of the US failed to send equity benchmarks higher on Wednesday, as consumers across the States decided not to keep stimulus checks in their bank accounts, but rather spend them on electronics, appliances, furniture and online. Almost every major category in the
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Cyprus is launching a new colour-coded safe travel health assessment risk on March 1 to help restore connectivity, tourist arrivals lost to pandemic restrictions. From March 1, Cyprus will apply a new four-tier traffic light system for visitors from 56 countries allowed entry without having to quarantine. They include EU member states and third countries
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Cyprus still faces the risk of a third wave of coronavirus, but the challenge is to avoid it by preventing widespread transmission of COVID-19 mutant strains, said government advisor Dr Peter Karayiannis. “The risk is there for a third wave, of course. What causes uncertainty is the possibility of the spread of mutant strains,” the
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Municipal waste generated by Cypriots is well above the EU average of 502 kilos per person with only Denmark, Luxembourg and Malta being more wasteful than Cyprus. Almost 225 million tonnes of municipal waste was generated in the EU in 2019, according to data released by Eurostat. This corresponds to 502 kg per person, a small increase
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Cyprus saw a rise of new coronavirus cases to 121 on Wednesday, after a drastic drop the previous day, with two more COVID-19 deaths and the number of patients dropping marginally to 81. The health ministry said that two men, aged 79 and 80, both with underlying health issues, died at Nicosia General hospital. This
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Cyprus is persuading Investment Funds to move their operations to the island with stakeholders pleased that despite the pandemic interest is gaining traction. This was the main conclusion from the Cyprus Investment Funds Association (CIFA) Annual General Meeting this week. An investment fund is a vehicle containing capital from investors used to collectively purchase securities.
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Fintech pioneer Revolut is rolling out its own current account services to clients in Cyprus, making it a ‘mini bank’ and challenging the traditional high-street banks that are still struggling with their digital and online services. Revolut claims to have 160,000 customers in Cyprus for its e-payment services that are faster and often cheaper than
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The government on Wednesday unveiled new cash incentives to encourage young couples to live in the countryside and revive local businesses in rural areas. Aiming to boost the economy and entrepreneurship to address rural depopulation, particularly in the mountain areas, Interior Minister Nicos Nouris presented two new packages on Wednesday. President Nicos Anastasiades told the
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Cyprus political parties on Wednesday came out in support of a woman who reported she was sexually harassed by a former Euro MP while openly condemning such behaviour. Police confirmed that an investigation is underway into the woman’s complaint, in which she said a well-known politician and a former Member of the European Parliament assaulted
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