Cyprus speeds up its vaccination program against COVID-19 as capacity doubles with the arrival of AstraZeneca while phase three of the rollout is launched. The first batch of 7,200 AstraZeneca vaccines on Monday was added to the weekly 6,800 doses from Pfizer and 2,400 from Moderna. Cyprus is to receive 69,000 vaccines from AstraZeneca before
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The number of people travelling to Cyprus plunged 79.9% last year compared to 2019 while those departing from the island also recorded a drop of 80.1%, official data showed on Monday. Arrivals of travellers in December alone reached 30,099 decreasing 89% from 273,714 in the same month of 2019. The December decrease is mainly attributed
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Shops reopened on Monday after a month in lockdown to contain coronavirus with retailers slashing prices in a move to cover lost income. in comments to Philenews, general manager of Nicosia Mall George Georgiou said shops in the mall have slashed prices from 30-70% to win back customers after malls had to close before Christmas,
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The government has set in motion plans to create a ‘bad bank’ to relieve the Cyprus banking system of an excess of Non-Performing loans, confirmed Finance Minister Constantinos Petrides. In an interview with Phileleftheros newspaper, he said the bad bank will essentially be established to buy the bad loans and other risky assets of Cyprus
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Greek Prime Minister Kyriakos Mitsotakis is in Nicosia to plan the way forward with President Nicos Anastasiades ahead of a UN summit next month to resume frozen Cyprus talks. Welcoming the Greek PM on Monday, President Anastasiades expressed the gratitude of the Cypriot people for the unwavering interest shown by Athens in Cyprus reunification. “This
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Cyprus is placing its bets on free mass testing with health officials on Monday morning saying all workers must continue to be tested according to government guidelines in an effort to trace and step the spread of the coronavirus. “The increased number of tests has been a central pillar of the government from the beginning,
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Cyprus took another step on Monday towards lifting lockdown measures to stem the spread of COVID-19, as more people returned to work, shops reopened and more than half of schools resumed classes, with daily COVID-19 cases dropping to a range of 110 to 130. The entire retail sector was shut down, civil servants went home
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By Hussein Sayed, Chief Market Strategist at FXTM Appetite for risk is not showing any signs of ebbing away. Asian stocks hovered near record highs in early Monday trade, with European and S&P 500 futures advancing further following a new record close for US indices on Friday. US 10-year Treasury yields also hit a post-pandemic
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By Dr Olga Kandinskaia The Covid-19 pandemic has imposed unprecedented disruptions upon the operations of a majority of businesses worldwide. Of course, not everyone is cursing the virus: big online retailers, pharmaceuticals, social media giants, food delivery platforms, online video conferencing companies are flourishing like never before. But for most businesses these are indeed very
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Cyprus reported one coronavirus death and a drop in patient numbers, as well as new cases of COVID-19, as about 80,000 return to work, shops reopen and most schools restart on Monday. The health ministry said that a 94 year old man, with underlying health issues, died at Famagusta General hospital, raising the death toll
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