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1051. New measures announced today to mitigate spread of covid

The cabinet has announced new measures in an effort to halt the spread of COVID-19....

1052. Construction projects decline as prices soar

Activity in the construction sector in Cyprus continues its decline in the first quarter of 2022, amid soaring prices, data released on Tuesday by the Statistical Service of Cyprus show....

1053. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

1054. EU recommends second Covid booster for over-60s

European Union health agencies on Monday recommended a second Covid-19 booster for everyone above 60 amid a new rise in infections and hospitalizations across Europe....

1055. EU rules on work-life balance officially enforced from August 2nd

As of August 2nd, all European Union Member States will have to apply the EU-wide rules to improve work-life balance for parents and carers that were adopted in 2019....

1056. Covid: Four dead, 14,914 new cases recorded from 1-7 July 2022

Four people died from COVID-19 in the period between July 1-7 while hospitalizations rose to 97. According to the Health Ministry, the positivity rate is now at 13.42% after 14,914 new cases were recorded....

1057. These are the top 10 airlines by flight cancellations in Europe

Mabrian, the travel intelligence platform, has analysed data relating to European airline scheduling over the last few weeks in response to the operating challenges that many are facing and has listed the top ten airlines by flight cancellations in Europe....

1058. Inflation edges closer to double digits in June

Inflation in Cyprus in June edged closer to double-digits driven by the soaring prices in electricity and energy on the backdrop of the war in Ukraine....

1059. The use of face masks indoors is mandatory again (Update)

The Cabinet decided on Wednesday to make face masks mandatory again in all indoor and closed spaces in Cyprus, following a hike in COVID cases and hospitalizations over the last few days....

1060. Germany grants asylum to thousands of refugees already protected by Greece

Germany has granted asylum to thousands of refugees who were previously granted refugee protection in Greece....

1061. A total of €362.9 million euros in new loans recorded in May

A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....

1062. Epidemiologists pushing for the return of the mask

The continuous rise in the number of covid cases is worrisome despite the fact that the number of new infections has yet to result in serious hospitalizations....

1063. Covid: 3 deaths, 10,879 new cases in the last 7 days

Cyprus’ Health Ministry announced on Friday that 3 people passed away due to COVID-19 while the week between 24-30 June a total of 10,879 new cases were detected. The positivity rate now stands at 11.62%....

1064. Herodotou: 'Interest rates should be increased gradually'

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....

1065. EU to make solar panels mandatory on all new buildings

Solar panels could soon be mandatory on all new buildings in the European Union under a new proposal aimed at rapidly replacing its reliance on Russian oil and gas supplies with renewable energy....

1066. EU leaders tackle inflation, energy shocks from Russia’s war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

1067. No plan to bring back covid restrictions just yet

There are no thoughts for the time being to bring back restrictions for COVID, Press Advisor of the Ηealth Μinistry, Constantinos Athanasiou, told the Cyprus News Agency, following a hike in positivity rate and cases on Friday....

1068. On Erdogan, the West and Greek-Turkish relations

Let’s start with the domestic facts and figures to dispel the widespread wishful thinking betting on the victory of the so-called “opposition front” at the next elections....

1069. More than 7,000 new covid cases, 2 deaths recorded

COVID positivity rate hiked to 9.77% in Cyprus the period between 17-23 June, the Ministry of Health announced Friday. The figures showed 2 more deaths from COVID and 7,263 new cases while 47 patients are getting treatment in hospitals across the island....

1070. Only half of Cypriots agree with EU sanctions against Russia

Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....

1071. What is Turkey up to?

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

1072. Wooing migrant millionaires

Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....

1073. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

1074. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

1075. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

1076. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

1077. The biggest scam in higher education - the master's degree

It's graduation season. Over the past couple of weeks, some 2 million college students have earned their bachelor's degrees and headed off to the next stage of their lives....

1078. Eight new deaths from COVID in the past week

Eight deaths and 1,814 new COVID-19 cases were recorded between May 27 and June 3, Cyprus’ Health Ministry said on Friday....

1079. Thousands of young Europeans selected to travel throughout Europe for free

Nearly 754,000 people have applied to travel and visit Europe through DiscoverEU, the integrated program of Erasmus+, has revealed....

1080. Global IPO market experiences significant slowdown in Q1 2022