By Stefan Nolte 2021 will be a bullish year for the yellow metal, although the enormous hike in 2020 (24.6% per ounce in US Dollars and 14.4% in euros), both the biggest since 2010, may not be repeated this year. Governments are printing dizzying amounts of money (now called “monetary easing”) to support suffering economies,
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Although daily coronavirus cases are hitting a plateau at under 200, the situation in the hospitals remains critical with four people dying on Saturday. The Health Ministry said two men and two women, aged between 78 to 87, with underlying health issues, succumbed in hospitals to COVID-19. This raises the death toll for January to
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Cyprus’ famous cheese is no longer shielded by trademarks, whether in the EU or elsewhere, after losing another legal battle in the Halloumi trade wars, this time to Bulgarian rival BBQloumi. On Wednesday, an EU court ruled that there is no possibility of consumers confusing Cyprus’ traditional cheese Halloumi with Bulgarian imitator BBQloumi, essentially dismissing
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Cyprus is fine-tuning its digital game as it enhances cooperation with neighbouring Israel, an established innovation hub and start-up hatching ground, to become an attractive techno-destination. The Deputy Ministry of Innovation has taken its cooperation with Israel in the field of technology and entrepreneurship a step further, launching a training program for stakeholders to boost
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It would be amiss if I did not refer to the legendary developer Michalakis ‘Michael’ Leptos, who recently passed away leaving his mark on the Cyprus Real Estate sector. Upon my return from the U.K. and looking for a job back in 1972, I met Leptos and discussed the subject of my possible employment with
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An elderly man died on Friday, with the number of new coronavirus cases slowing throughout the week, as coronavirus testing continues at unprecedented levels. The Health Ministry said that an 82 year old man, with underlying health issues, succumbed at Nicosia General Hospital, raising the death toll for January to 56 and the total to
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Three smaller aftershocks of less than 2.5 magnitudes followed the big 5.0 earthquake which shook Cyprus on Thursday at 16:27 with its epicentre at Dasaki Achna, near Larnaca. According to the Geological Survey Department, Thursday’s earthquake was the strongest that shook the island since 2015 when a 5.6 earthquake on the Richter Scale hit Kisonerga
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Cyprus has one of the highest COVID-19 testing rates in Europe according to its population, as it has conducted nearly 1.3 million coronavirus tests since the start of the Pandemic in March. In an announcement on Friday, the Health Ministry said that in line with recommendations of the European Centre for Disease Control (ECDC) to
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One in 10 patients who contracted COVID-19 died in the second week of January with the month looking as grim as December which was the deadliest month on record since the coronavirus outbreak. According to a Health Ministry report released on Friday, 24 people, or 11% of 214 patient deaths with COVID-19 since the pandemic
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Trade will recover to pre-pandemic levels quicker than the recovery after the financial crisis of 2008 which lasted 26 months, according to a survey of 800 senior executives involved in international trade decisions and transactions. The study, commissioned by DP World and conducted by the Economist Intelligence Unit (EIU), found that 70% of businesses predict
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