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
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
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
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.
Following the warm spell over Christmas, winter is set to return with thunder and hailstorms, as the Meteorology Department warned of extreme weather heading to Cyprus. The Cyprus Met Office issued a
By Peter van der Borgh Copper is considered to be a major contributor to the global economy, with some going as far as to describe it as the backbone of the modern
Cyprus is among the top 10 EU member states to vaccinate against COVID-19 with 0.69% of its 900,000-population inoculated since 27 December. According to Our World in Data, an organisation formed by
Cyprus’ inoculation program against COVID-19 is to be boosted by vaccines from US pharmaceutical Moderna with the first batch of 1,200 doses expected to arrive on Tuesday night. Quoted by the Cyprus
Cyprus is among those EU countries most vulnerable to a sustained drop in tourist arrivals due to the pandemic while it is also a “high credit risk”, international ratings agency Moody’s said.
Cyprus should see a significant reduction in COVID-19 cases in the third week of lockdown, allowing authorities to relax measures as early as February. Scientists are expecting to see cases drop to
