Cyprus ranks second behind Denmark in the EU for coronavirus testing per population after ramping up its free test programme over the last two weeks, the Health Ministry said Friday. Cyprus continues to be among the top EU countries for conducting coronavirus tests, coming second in a recent report prepared by the European Centre for
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The CTC Group of CSE-listed retail and property companies, announced a return to profitability in 2020, after two years of losses, mainly due to the impairment of property values by affiliated and subsidiary companies. At the same time, the company also announced that Marios Shacolas, son of the group’s founder Nicos Shacolas, was stepping down
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Ravi Bangar, India’s High Commissioner to Cyprus from 2013 to 2017, died unexpectedly recently, having served in the country’s foreign ministry and diplomatic corps for nearly 38 years. He was 61. After leaving Cyprus, Bangar continued as ambassador to Colombia and Ecuador and had also served as India’s Deputy Permanent Representative to the WTO and
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Cyprus Central Bank governor Constantinos Herodotou on Friday warned MPs against tampering with the foreclosures law which could lead to further delays in banks tackling toxic mortgages. Herodotou urged MPs to focus on how the courts can more efficiently deal with financial disputes between borrowers and the banks. He made the remarks in parliament on
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After a record year for Cyprus’ flagship export halloumi, demand for the squeaky cheese has slowed with order cancellations and undelivered quantities due to lockdowns across Europe to combat the second wave of coronavirus. Cyprus dairy producers are reporting a slowdown in exports for the first time in 15 years, as year-on-year sales increase dropped
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Turkish Cypriot authorities introduced a harsh lockdown across the Turkish occupied north on Friday, after a record 80 COVID-19 cases the day before, the third successive high. Authorities in the north reported 62 cases on Tuesday and 71 on Wednesday with cases in February reaching 259, following January’s record 713 coronavirus infections. The 10-day lockdown
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The Bank of England’s threat of negative interest rates will encourage market-wise investors to increase their exposure to British stocks, as the UK’s central bank on Thursday committed to leaving interest rates unchanged at 0.1%, a leading advisor has said. The BoE maintained its agenda of the quantitative easing (QE) programme buying government bonds and
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By Han Tan, Market Analyst at FXTM Markets are now revisiting a familiar script, with investors pushing broad asset classes higher on more signs pointing to a US economic recovery. Stock markets in the U.S. posted new record highs and the futures contracts were holding steady early Friday. The S&P 500 is boasting a year-to-date
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Inflation in Cyprus continued to drop in January with the Consumer Price Index decreasing to -1.6% on the year before as energy bills dropped. In January the CPI fell by 1.06 units to 99.21 compared to 100.27 units in December. The largest changes in prices from January 2020 were recorded in Electricity and Agricultural goods
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Four elderly men and a woman died of COVID-19 on Thursday, raising the February death toll to nine and 208 since the pandemic started, just as lockdown measures were being relaxed and Cyprus was confident that new infections were slowing. However, the health ministry said that new coronavirus cases had dropped to 116 from 139
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