2020 Archives - Financial Mirror

Construction activity slump in 2020 after 5-year boom

Construction activity declined in 2020 for the first time in five years, building permits dropped in the area covered and value, as the industry felt the effects of the disgraced “golden passports”

9th March 2021

Business

Cyprus GDP shrunk 5.1%, shedding €1.2 bln in 2020

Cyprus’ economy shrunk by €1.28 bln in 2020, as its key sectors, tourism, commerce and construction, suffered during the pandemic and lockdown measures to stop COVID-19 spreading. According to data from the

3rd March 2021

Business

Cyprus tourism income nosedived 85% in 2020

Revenue from Cyprus’ key tourism sector plunged more than 85% last year as the travel industry was decimated by the pandemic and lockdowns to contain it. According to data for 2020, revenue

2nd March 2021

Cyprus/Life & Society

Cyprus arrivals, departures drop 80% in 2020

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

8th February 2021

Cyprus/Life & Society

Over 7,000 applied for Cyprus asylum in 2020

During the pandemic, Cyprus received more than 7,000 applications from asylum seekers last year with Syrians making up a quarter of the total, said Interior Minister Nicos Nouris. He held a video

4th February 2021

Cyprus

Car sales dip 18.4% in 2020

Car sales last year reached their lowest ebb since 2016 with registrations in 2020 down by 18.4% with the pandemic playing a major role. It was the second year running that passenger

12th January 2021

Business

2020 gave us COVID and a two-state solution

Looking back at 2020, the thick fog of coronavirus which enveloped our lives as the pandemic accelerated has restricted visibility to see anything else of note. And it is foolhardy to look

2nd January 2021

Comment/Cyprus/Life & Society

COVID19: Cyprus hoteliers ready to write-off 2020

Cyprus hoteliers are coming to terms with the reality of COVID-19 fallout on tourism, ready to write-off 2020 altogether with hotels in Ayia Napa this summer throwing in the towel. Hotels in

20th July 2020

Cyprus/Life & Society