The UK Cypriot community is feeling the brunt of Britain’s coronavirus surge, as in the last week 75 Greek and Turkish Cypriots lost their lives to COVID-19. Reportedly, in London alone, 70 diaspora members succumbed to the coronavirus in the last week, of which 30 were Greek Cypriots and 40 Turkish Cypriots. Outside London, there
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Over the next seven years, Cyprus plans to absorb €968 mln in EU structural funds for a more connected, energy-efficient and sustainable society, said Finance Minister Constantinos Petrides. Petrides is satisfied that Cyprus will be getting during up to 30% more compared to the previous seven years following negotiations with Brussels. In the previous seven
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Turkish Cypriot health authorities have received the first 20,000 COVID-19 vaccines from the Chinese Pharmaceutical Sinovac, through Turkey but won’t accept EU vaccines from the Cyprus government. Announcing the arrival of the vaccines on Thursday, the head of Turkish Cypriot health services Ali Pilli, said the north’s vaccination program will begin on Friday with the
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By Hussein Sayed, Chief Market Strategist at FXTM Investors do not seem bothered by Washington’s political turmoil. Donald Trump became the first US President to be impeached twice, a little more than a year since his first While he will most likely continue to serve the remaining six days of his term, his political future
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Although the government has announced financial support to buffer the effects of a second lockdown, there is a larger credit-negative economic effect for Cyprus banks as the pandemic endures. The lockdown measures will squeeze business revenue and cash flow for companies after a tough 2020, and will challenge banks’ asset quality, said a Moody’s analysis.
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Construction activity declined in October with approved building permits dropping 15.5% to 583 from 690 in the previous month of 2020, although Nicosia and Famagusta districts made gains. According to official data published on Wednesday, the value of building permits rose to €279.3 mln in October from €201.6 mln in the previous month. The total
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Six people died of COVID-19 on Wednesday, despite the steady drop in daily cases and hospital admissions, with January headed to become the worst months since the pandemic started. Health authorities are confident that the delivery of the first batch of vaccines from Moderna, as well as the approval and anticipated arrival of doses from
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The Cabinet decided on Wednesday to start a social dialogue for introducing a national minimum wage in Cyprus when unemployment drops to around 5%. Deputy Government Spokesman Panayiotis Sentonas said the Cabinet reaffirmed the government’s position to start a social dialogue for a national minimum wage when full employment conditions are reached. He said the
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Cyprus will splash out on its biggest ever digital campaign to win back lost tourists at a time when lockdowns are still in place across Europe with people spending more time online. The Deputy Tourism Ministry is turning to online solutions as it prepares to launch its biggest online campaign for Cyprus tourism to regain
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More than 100,000 people have visited the fenced-off area of Varosha since the Turkish Cypriot side unilaterally opened part of the abandoned town’s beachfront in October despite international condemnation. According to Turkish Cypriot media 103,118 visits were recorded since the decaying resort town opened for the first time since 1974. Turkish Cypriot daily Halkin Sesi
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