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Date: 25.09.2020
Cyprus Economy
Cyprus Economy
Authorities announced 36 cases of COVID-19 on Wednesday

Day: 24/09/2020 06:20

Thirty six new cases of COVID-19 were announced on Wednesday by the Ministry of Health out of 3,317 laboratory tests.Since the outbreak of the pandemic the total number of coronavirus cases in Cyprus reaches 1,654.Twelve patients are being treated at the Famagusta General Hospital one of whom in...

President briefed EPP summit of Turkey's illegal actions

Day: 24/09/2020 06:22

Cyprus President Nicos Anastasiades has briefed the EPP Summit, which took place via videoconference on Wednesday evening, on Turkey`s continued illegal actions within Cyprus` EEZ as well as of its threats to settle the fenced-off part of Turkish occupied Famagusta, known as Varosha.Addressing the...

Professor Tsioutis expresses concern over increase of COVID-19 cases

Day: 24/09/2020 09:49

Assistant Professor of Internal Medicine and Infection Prevention and Control at the European University and specialist with training in infection control, Constantinos Tsioutis, has expressed concern over the increase of COVID-19 cases in Cyprus, particularly Larnaca, noting that this phenomenon...

New measures in Larnaka District due to increasing number of COVID cases

Day: 24/09/2020 06:23

Cyprus Minister of Health issued on Wednesday a decree for the Larnaka District due to the increasing positive cases of COVID-19. The new measures announced will come into effect at 0600 hours local time on Thursday 24 of September and will be valid for a period of two weeks.It is announced that...

Authorities announced fifteen new COVID-19 cases

Day: 23/09/2020 06:00

Cyprus' Ministry of Health announced fifteen new COVID-19 cases on Tuesday, out of a total 2,709 lab tests. As a result, the number of confirmed cases is now 1,618.Ten cases were detected out of 857 tests at the private initiative. Nine of them are from the cluster of Nea Salamina football club...

Police conducts 500 checks for COVID-19 violations

Day: 23/09/2020 06:02

The Cyprus Police conducted a total of 500 checks during the last 24 hours for COVID-19 violations.Two premises` owners and 8 citizens were reported, according to the Police.In Nicosia the checks were 50 and 1 citizen was reported, in Limassol the checks were 98 and the police reported 1 citizen...

Additional measures to contain outbreak in Larnaca

Day: 23/09/2020 11:23

Leondios Kostrikis, Professor of Virology at the Department of Biological Sciences of the University of Cyprus and member of the epidemiological team of the Health Ministry, told CNA that additional measures to protect people from COVID-19 will be implemented in Larnaca, which is currently at the...

Signs of recovery in constructions in June

Day: 23/09/2020 13:18

A significant decrease in building permits was recorded in the first half of 2020, due to the restrictive measures against the spread of the coronavirus in Cyprus. However, data for June, published today by the Statistical Service of Cyprus, show signs of recovery.The number of building permits...

East Mediterranean Gas Forum members sign statute establishing this regional forum

Day: 22/09/2020 09:48

The East Mediterranean Gas Forum (EMGF) members signed on Tuesday during a ceremony held online, the statute establishing this regional intergovernmental forum.The founding members of the forum are Cyprus, Egypt, Greece, Israel, Italy, Jordan and the Palestinian Authority.Cyprus was represented by...

Extensive studies and future plans for the introduction of trams and railway connection

Day: 22/09/2020 09:49

"The Republic of Cyprus recognizes that the railways can play an important role in improving the efficiency of the transport of goods and people, over short and long distances,"  Minister of Transport, Communications and Works Giannis Karousos stated at a digital ministerial...

European Economy
European Economy
Euro zone growth and inflation outlook steady, ECB's Mersch says

Day: 23/09/2020 05:39

The growth and inflation outlook in the euro zone has not deteriorated since the European Central Bank decided earlier this month to keep policy unchanged, ECB board member Yves Mersch told Bloomberg.Πηγή: Reuters

Europe finds mass testing is no panacea for the coronavirus

Day: 22/09/2020 06:05

When the coronavirus swept across Europe this spring, overwhelming hospitals and killing thousands each day, few but the sickest patients could be tested, leaving health officials in the dark about how widely Covid-19 had spread.Πηγή: Bloomberg

ECB to review flagship bond-buying tool in fighting Covid crisis

Day: 21/09/2020 05:30

The European Central Bank has launched a sweeping review of its main pandemic crisis-fighting tool, which some of its top policymakers believe could lead to contentious changes to its other asset-purchase programmes.Πηγή: Financial Times

Caixabank and Bankia announce creation of biggest Spanish bank

Day: 18/09/2020 05:26

Spain's Caixabank CABK.MC on Friday announced the terms of the acquisition of state-owned lender Bankia BKIA.MC in an all-in share deal that will create Spain's biggest domestic bank with around 600 billion euros($710.82 billion) in assets.Πηγή: Reuters

Five things from EU chief’s first State of the Union speech

Day: 17/09/2020 05:28

European Commission President Ursula von der Leyen has delivered her first State of the Union address, outlining her vision for the future of the European Union (EU).Πηγή: BBC

BOE readies for action as U.K. faces a turbulent end to 2020

Day: 16/09/2020 05:11

Bank of England officials are expected to lay the groundwork this week for yet more monetary stimulus as optimism over the U.K.’s economic rebound from the coronavirus pandemic fizzles out.Πηγή: Bloomberg

Daimler to pay $2.2 billion in diesel emissions cheating settlements

Day: 15/09/2020 05:50

Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show.Πηγή: Reuters

Brexit: Buckland says power to override withdrawal agreement is 'insurance policy'

Day: 14/09/2020 05:13

Justice Secretary Robert Buckland has defended plans to potentially override the EU Withdrawal Agreement as an emergency Brexit "insurance policy".Πηγή: BBC

Turkey has new plan to crack open under-the-mattress gold hoard

Day: 11/09/2020 05:50

Turkey has a new plan to coax gold to its financial system after previous efforts barely made a dent in a so-called under-the-mattress stash valued at about 40% of gross domestic product.Πηγή: Bloomberg

Brexit: UK and EU set for emergency talks as tensions rise

Day: 10/09/2020 05:45

The UK and EU are to hold emergency talks later as tensions rise over Boris Johnson's move to override key parts of the Brexit withdrawal agreement.Πηγή: BBC

Greek Economy
Greek Economy
Stournaras: European recovery funds to boost Greek GDP by 1.9% annually

Day: 23/09/2020 05:41

The use of European Recovery Funds (Next Generation) will add around 2.0 pct to the country’s GDP annually, the Bank of Greece (BoG) said on Tuesday.Πηγή: The National Herald

Bank of Greece: Travel receipts plunged 84.4% in July

Day: 22/09/2020 06:08

Travel receipts plunged 84.4 pct in July compared with the same month last year, totaling 577 million euros from 3.7 billion euros, respectively, while non-residents' arrivals fell 85.4 pct in the same period. In the seven-month period from January to July, travel receipts plunged 86.3 pct to 1...

Greece records 170 new coronavirus infections and 7 fatalities

Day: 21/09/2020 05:33

Greece confirmed 170 new coronavirus cases on Sunday of which 33 are linked to known clusters and 12 were located at country entry points, the National Public Health Organization (EODY) said.Πηγή: The National Herald

Greece standing by, EU ready to show new migration policy

Day: 18/09/2020 05:30

As Greece has demanded more aid to deal with more than 100,000 refugees and migrants during the COVID-19 pandemic, the European Union will soon reveal new policies on how to deal with them, but it wasn't said yet whether that would mean other countries taking some in.Πηγή: The National Herald

Despite COVID-19, Greece open for business, economic adviser says

Day: 17/09/2020 05:30

A growing recovery from a near decade-long economic and austerity crisis stopped in its tracks by COVID-19, Greece is still trying to lure foreign investors and planning more reforms to make the country attractive enough to take a chance on.Πηγή: The National Herald

As COVID-19 closes greek hotels, more keep opening, hoping

Day: 16/09/2020 05:13

With almost no demand for rooms during the COVID-19 pandemic, more than 30 hotels in Greece will be auctioned off to any buyers willing to take a chance tourists will return some day, and as chains and investors are taking that risk.Πηγή: The National Herald

Merkel: Greece needs to be supported over Moria at european level

Day: 15/09/2020 05:53

Support to Greece over the migration issue and the Moria hotspot must be organized at European level, German Chancellor Angela Merkel said on Monday.Πηγή: The National Herald

Greece to buy new planes, frigates amid Turkey tensions

Day: 14/09/2020 05:15

Greece's prime minister outlined plans Saturday to upgrade the country's defense capabilities, including purchasing new fighter planes, frigates, helicopters and weapons systems amid heightened tensions with Turkey over rights to resources in the eastern Mediterranean.Πηγή: The National...

Passenger traffic in airports down 70% in Jan.-Aug.

Day: 11/09/2020 05:49

Passenger traffic in Greek airports dropped 70 pct in the January-August period compared with the same period in 2019, Civil Aviation Authority said in a report on Thursday.Πηγή: The National Herald

Mitsotakis on Moria fire: Our priority remains the health and the safety of all

Day: 10/09/2020 05:47

"I express my sorrow over Tuesday's incidents in Moria. I recognise the difficult conditions, however nothing can become an alibi for violent reactions during health checks. The condition in Moria can't continue because it is an issue of public health, humanism and national safety...

World Economy
World Economy
Covid: US death toll passes 200,000

Day: 23/09/2020 05:37

The US coronavirus death toll has passed 200,000, according to data from Johns Hopkins University (JHU).More than 6.8 million people are known to have been infected in the US, more than in any other country.Πηγή: BBC

Fed chief Powell slated for first of week's three congressional appearances

Day: 22/09/2020 06:02

U.S. Federal Reserve Chair Jerome Powell on Tuesday makes the first of three appearances on Capitol Hill this week to address lawmakers’ questions and concerns about the raft of emergency measures the central bank has taken to blunt the hit to the economy delivered by the coronavirus pandemic...

Biden blasts Trump plan to push for Supreme Court nominee ahead of election

Day: 21/09/2020 05:30

Democratic presidential candidate Joe Biden urged Senate Republicans not to vote on any candidate nominated to the U.S. Supreme Court as the November election nears, calling President Donald Trump’s plan an “exercise of raw political power.”Πηγή: Reuters

Global coronavirus infections top 30 million

Day: 18/09/2020 05:28

The number of confirmed coronavirus cases across the globe has surpassed 30 million, according to figures by America's Johns Hopkins University.Πηγή: BBC

U.S.-China investment flows slide to nine year-low as bilateral tensions escalate

Day: 17/09/2020 05:26

Investment between the United States and China tumbled to a nine-year low in the first half of 2020, hit by bilateral tensions that could see more Chinese companies come under pressure to divest U.S. operations, a research report said.Πηγή: Reuters 

WTO finds Washington broke trade rules by putting tariffs on China

Day: 16/09/2020 05:09

The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump’s trade war with China, a ruling that drew anger from Washington.Πηγή: Reuters

Belarus protests: Putin pledges $1.5bn loan at Lukashenko meeting

Day: 15/09/2020 05:52

Russian President Vladimir Putin has granted a $1.5bn (£1.2bn) loan to Belarus, in face-to-face talks with the embattled Belarusian leader, Alexander Lukashenko, at a Black Sea resort.Πηγή: BBC

China opens anti-subsidy probe on some U.S. glycol ethers imports

Day: 14/09/2020 05:11

China’s commerce ministry said on Monday it launched an anti-subsidy investigation on some glycol ethers imports from the United States starting from Sept. 14.Πηγή: Reuters

China's expanded export controls pose fresh challenge to global tech industry

Day: 11/09/2020 05:46

The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations, legal experts said.Πηγή: Reuters

Russian state hackers suspected in targeting Biden campaign firm – sources

Day: 10/09/2020 05:44

Microsoft Corp (MSFT.O) recently alerted one of Democratic presidential candidate Joe Biden’s main election campaign advisory firms that it had been targeted by suspected Russian state-backed hackers, according to three people briefed on the matter.Πηγή: Reuters