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2041. Companies in Cyprus ready for the new norm

CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...

2042. Cabinet in tight spot talks measures

The President’s Cabinet is discussing the ease of measures ahead of a meeting later this week with health experts, amid reports there could be second thoughts among scientists...

2043. The crisis is here and should not be underestimated, FinMin warns parties

As political parties continue to quarrel over a bill seeking to release government funds as guarantees for loans to businesses hit affected by the coronavirus outbreak, Cyprus Minister of Finance Constantinos Petrides warned that “the crisis is here and should not be underestimated.”...

2044. The market needs oxygen, FinMin says

The market needs oxygen, Finance Minister Constantinos Petrides said Monday, stressing that the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger....

2045. Cyprus GDP to suffer 'severe contraction' in 2020, projection shows

The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline scenario and by 13.1% under an adverse scenario....

2046. Cyprus adds another coronavirus death

Another coronavirus-linked death was recorded in the Republic of Cyprus on Sunday, raising the Covid-19 death toll to 26 across the divided island with new infections continuing to pop up in the south...

2047. Need for transparency on COVID-19 public spending

The Organisation for Security and Cooperation in Europe Parliamentary Assmebly’s (OSCE PA) Special Representative on Fighting Corruption Irene Charalambides, has called for the highest levels of transparency and good governance on COVID-19 related public expenditures....

2048. President and Education Minister brush off mounting concerns

As concern mounts over the Cyprus government’s decision to send children back to school on May 21, Education Minister Prodromos Prodromou issued a press conference Friday morning to clarify how the return of students to classrooms will play out....

2049. Cabinet approves new bundle of support measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

2050. Eurozone set for record recession, EU Commission warns

The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....

2051. Half of Cyprus population unable to cope with unexpected expenses

Almost half (48%) of the populations of both Cyprus and Greece were unable to cope with unexpected financial expenses last year, data released by the European statistical service (Eurostat) on Tuesday showed....

2052. Zero new cases 'a utopia', Health Minister says

There’s no perfect recipe that’s been implemented across the world to get out of the lockdown successfully, the Health Minister said Tuesday, noting that we shouldn’t be concerned that we haven’t seen days with zero new cases, as that would be “utopian”....

2053. Cyprus begins to emerge from lockdown

Economic activity in Cyprus was set to resume on Monday during an initial phase of easing coronavirus lockdown measures, but business is not as usual as the president of the Republic is calling on citizens to behave responsibly...

2054. Exit roadmap foresees economy on recovery path by Q3 2020

Finance Minister Constantinos Petrides said Thursday that the government’s lockdown exit roadmap, aspects of which were presented by the President on Wednesday night, aims to see the island’s economy on the path of recovery by the fourth quarter of this year....

2055. Anti-vaxxer arrested over threats against expert

A local man in Nicosia was arrested on Wednesday after renowned virology professor Leondios Kostrikis told police he had received threatening voice messages...

2056. Cyprus announces 'timid first steps' in easing restrictions

In a televised national address on Wednesday night, President Nicos Anastasiades presented the detailed plan of the first two phases of Cyprus’ lockdown exit plan, with the first phase, which will see a timid resumption of the economy and a small loosening of restrictions on individual freedoms, set to begin on May 4....

2057. President to announce Cyprus lockdown exit strategy

The eagerly-awaited government decisions on Cyprus’ lockdown exit strategy will be announced by President of the Republic of Cyprus, Nicos Anastasiades, in a national address on Wednesday night....

2058. More Cypriots ditch cash during pandemic

Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show ...

2059. Cabinet maps out how to ease measures

The Cabinet in the Republic of Cyprus convenes Wednesday morning in order finalize plans for easing restrictions and restarting the economy as signs show COVID-19 infections winding down...

2060. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

2061. President summons health team to Palace

President Nicos Anastasiades has called the government's team of health experts back to the Presidential Palace for face-to--face consultations, amid reports that the government is a day away from taking crucial decisions on easing Covid-19 restrictions...

2062. Police take good news with grain of salt

Police in the Republic of Cyprus say they remain vigilant during the pandemic lockdown, concerned that signals for a possible lift of restrictive measures could make people feel less obligated to comply...

2063. Health Minister hopes restrictions scrapped within three months

2064. Lagarde draws line on how far ECB largesse can go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

2065. Plan for first phase of exit strategy to be tabled before the Cabinet next week

A comprehensive proposal on the first phase of the island’s coronavirus lockdown exit strategy is expected to be tabled before the Cyprus President next Tuesday....

2066. Greece eyes gradual easing of lockdown measures

The Greek government is working on a plan to ease some of the restrictions that have been introduced to curb the spread of the coronavirus, with Prime Minister Kyriakos Mitsotakis expected to make announcements next week....

2067. Reduction of new cases to single digits came earlier than expected

Restrictive measures are expected to be phased out gradually, starting in early May, Petros Karayiannis, Professor of Microbiology and Molecular Virology and member of the Ministry of Health Advisory Committee said on Tuesday....

2068. Cyprus confirmed cases drop to single digits

The number of new confirmed Covid-19 cases in Cyprus has dropped to single digits, following a long-drawn effort by authorities on the island to flatten the curve, but results won't be fully known before the month is over....

2069. Cypriot food blogger drives passion home

As we experience these hard times it is difficult to identify, let alone rejoice the blessings COVID-19 will bring with it. One of them is going back to beautiful habits and rituals of home cooking which are all about togetherness...

2070. Cyprus to prepare three-stage coronavirus exit strategy

The Cabinet on Wednesday approved the island’s lockdown exit strategy, which foresees the resumption of the operation of vital sectors of the economy in early May....