Budget defeat setback for COVID recovery plan

Finance Minister Constantinos Petrides on Friday said parliament’s 2021 budget rejection came at the worst possible time, putting the brakes on government fast-tracking economic recovery from COVID-19. Although the government is preparing

Cyprus in for a very COVID Christmas

Cyprus faces a vastly different Christmas this year, as government advisors on the pandemic fear worsening epidemiological data could see tighter measures still in place over the festive holidays. Despite an islandwide


COVID had lighter impact on bank capital Q2

The pandemic had a less severe impact on the Cyprus banking system’s capital adequacy in the second quarter of 2020, as banks front-loaded provisions from the beginning of the outbreak. According to

Cyprus COVID budget debate hits passports row

Cyprus’ COVID-affected budget 2021 debate begins on Monday in parliament with some opposition MPs threatening to vote against it after the ‘golden passports’ debacle. Minister of Finance Constantinos Petrides will brief MPs


Puffing on a COVID nightmare

The Covid-19 situation is clearly out of control with complacency and general stupidity jeopardising public safety. Fears of imposing a second lockdown are very real, which this time could be harsher on

1 8 9 10 11 12 14