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Date: 15.07.2020
Cyprus Economy
Cyprus Economy
Cyprus to increase COVID-19 tests at airports

Day: 15/07/2020 06:46

Cyprus’ Ministry of Health is increasing the number of random tests for COVID-19 at the airports of the Republic.According to a Ministry’s press release, 600 passengers will be tested upon their arrival in Cyprus, instead of 300 that was the case until now.As it is noted, the decision...

Authorities announced one coronavirus case on Tuesday

Day: 15/07/2020 06:44

Cyprus authorities announced on Tuesday one new confirmed coronavirus case, out of 1,754 laboratory tests that have been carried out.A press release issued by the Ministry of Health’s Epidemiological Surveillance Unit said that the new confirmed case was diagnosed out of 379 lab tests done...

Tourist arrivals revised downwards due to Covid-19

Day: 14/07/2020 06:29

The Deputy Ministry of Tourism is revising tourist arrivals downwards for this year, as the continuing coronavirus pandemic and the epidemiological data in main tourist markets are leaving Cyprus out of their destinations, Deputy Minister of Tourism Savvas Perdios told CNA. Perdios said the...

5G network licensing tenders to be announced this month

Day: 14/07/2020 12:01

The Deputy Ministry of Research, Innovation and Digital Policy, through the Digital Communications Department, will announce a tender within July 2020 to grant licenses for 700 MHz and 3.6 GHz radio frequencies, in order to set up a 5G digital communications network.According to a press release,...

Cyprus publishes epidemiological risk assessment regarding COVID-19

Day: 14/07/2020 12:03

The Epidemiological Monitoring and Control Unit for Infectious Diseases of the Medical and Public Health Services has updated the epidemiological data for various countries and categorised them, valid until July 16, regarding COVID-19, based on the epidemiological indices of those countries. ...

Total government employment at 52,454 in June

Day: 14/07/2020 06:28

In June 2020 total government employment increased by 15 persons in comparison to the corresponding month of 2019 and reached 52,454 persons, according to data released Monday by the Statistical Service of Cyprus.Permanent staff decreased by 685 persons (-2.4%), from 28,312 to 27,627 persons....

President holds consultations with the Greek government in Athens

Day: 14/07/2020 06:31

Cyprus President, Nicos Anastasiades, is paying on Tuesday a visit to Athens during which he will hold consultations with the Greek Prime Minister Kyriakos Mitsotakis to discuss, among others, about Turkey`s illegal activities in the Eastern Mediterranean.On Tuesday morning, at 10.15 local time,...

Cyprus to set up agency for the promotion of its tertiary education sector

Day: 14/07/2020 13:52

Cyprus House President Demetris Syllouris met on Tuesday with Ministers and academia representatives to discuss the establishment of an agency to promote the tertiary education sector both in Cyprus and abroad.In statements to the press, Syllouris said the meeting took place after a consultation...

Wizz Air Abu Dhabi announces new route to Larnaca

Day: 13/07/2020 07:31

Wizz Air Abu Dhabi, the newest national airline of the United Arab Emirates, announced on Monday a route from Abu Dhabi to Larnaca, starting on 3 October 2020, with fares starting at €29.99.According to the company, the announced routes will add 50,000 seat capacity to Larnaca Airport annually...

Scientists express concern over Serbia category and 5 cases of coronavirus among immigrants

Day: 13/07/2020 09:38

Member of the Scientific Team, Professor Petros Karayiannis, has expressed grave concern over the five cases of coronavirus found among immigrants from Syria who arrived in the Turkish-occupied areas of Cyprus through Turkey.“It is also worrying that we do not know where the five persons were...

European Economy
European Economy
EU budget plan falls far short on climate goals, researchers say

Day: 14/07/2020 05:43

A European Commission proposal for the European Union’s long-term budget and recovery fund risks leaving a huge shortfall in the “green” investment needed to meet Europe’s climate goals, researchers said on Tuesday.Πηγή: Reuters

Deutsche Bank fined for Jeffrey Epstein ‘compliance failures’

Day: 13/07/2020 05:32

Deutsche Bank has agreed to pay a $150m fine for compliance failures in its dealings with Jeffrey Epstein, the late disgraced financier, as well as Danske Bank Estonia and FBME Bank.Πηγή: Financial Times

Still much work needed for EU recovery fund deal, Michel says

Day: 09/07/2020 05:40

European Council President Charles Michel said on Wednesday that the EU needs to reach an agreement quickly on its plan for a multi-billion-euro recovery fund but much negotiation will still be needed to get there.Πηγή: Reuters

Credit Suisse aims for 100% of securities venture in China growth plan

Day: 08/07/2020 05:55

Credit Suisse (CSGN.S) wants to raise its China securities joint venture stake to 100% and increase its market share after getting the regulatory green light to take a majority holding, the head of its Asia business said.Πηγή: Reuters

Centeno calls for rethink of EU debt and deficit rules

Day: 07/07/2020 05:33

The outgoing president of the eurogroup has said Brussels should avoid “blindly” reapplying the EU’s debt and deficit limit rules after the Covid-19 crisis, warning that it could tip the bloc into a fresh recession.Πηγή: Financial Times

UK new car sales post smaller slump in June on annual basis

Day: 06/07/2020 05:06

British new car registrations fell by a third on an annual basis in June when many dealerships reopened after COVID-19 lockdown measures were lifted, according to preliminary data from an industry body, a smaller drop than in March, April and May.Πηγή: Reuters

UK Labour leader says coronavirus inquiry is inevitable

Day: 03/07/2020 06:09

Britain’s opposition Labour Party leader Keir Starmer said on Friday that an inquiry into Prime Minister Boris Johnson’s government’s handling of the coronavirus crisis was inevitable.Πηγή: Reuters

U.K. Economy Gears Up for ‘Super Saturday’ Boost to Recovery

Day: 02/07/2020 05:48

As the U.K. prepares to reopen pubs, restaurants and hotels on July 4, the government and businesses are counting on the economy getting a big boost on the path to recovery.Πηγή: Bloomberg

With Merkel at the Helm, Europe Faces a Crisis With Many Fronts

Day: 01/07/2020 06:31

For a leader who has steered Europe through two economic meltdowns, a migration crisis and a simmering showdown with Russia, Angela Merkel’s final act as German chancellor may be her biggest performance yet.Πηγή: Bloomberg

Commerzbank considers 7,000 more redundancies

Day: 30/06/2020 09:08

 Commerzbank’s (CBKG.DE) supervisory board was set to discuss the possibility of a further 7,000 redundancies, in addition to 4,000 job cuts up to 2023 announced last autumn, the business daily Boersenzeitung (BoeZ) said on Tuesday.Πηγή: Reuters

Greek Economy
Greek Economy
FM Dendias: "Consensus Reached on Further Measures If Turkey Continues Delinquent Attitude"

Day: 14/07/2020 05:50

 Foreign Minister Nikos Dendias on Monday said that "at the request of Greece, a broad consensus was reached to proceed with a list of further measures if Turkey continues its delinquent attitude," speaking after the end of the EU Foreign Affairs Council (FAC) meeting in Brussels on...

FM Dendias: Greece Will Ask EU for Plan of Potential Measures against Turkish Provocations

Day: 13/07/2020 05:37

Greece will request that the European Commission prepare ahead of time a list of strong measures against Turkey in case the latter violates the sovereignty or sovereign rights of Greece, Foreign Minister Nikos Dendias said on Sunday on Skai TV.Πηγή: The National Herald

Hardalias on COVID-19: Nothing Is over yet

Day: 09/07/2020 05:42

"When the book is written on the way the pandemic was handled there will be things, that were not now widely known, which will be seen as fundamental and played a key role in the way Greece addressed the pandemic," Deputy Civil Protection and Crises Management Minister Nikos Hardalias...

OECD Makes Bleak Forecasts for Greece's Unemployment

Day: 08/07/2020 06:00

The average unemployment rate in OECD member-states is expected to rise to at least 9.4 pct by the end of 2020, the highest level since the Great Depression of the 1930s, the Organization for Economic Cooperation and Development said in its Employment Outlook 2020 - Worker Security and the Covid-19...

Tourism Campaign "Destination Greece. Health First" Launches for Visitors from Abroad

Day: 07/07/2020 05:35

The Tourism Ministry and the Greek National Tourism Organization presented a new campaign, "Destination Greece. Health First" on Monday, promoting holidays in Greece.Πηγή: The National Herald

Tourism Minister Theoharis: Greece Has a Quality Tourism Product to Offer

Day: 06/07/2020 05:09

The opening of the country to tourists from abroad is based on a careful plan that will be adapted as needs emerge, Tourism Minister Harry Theoharis said on Friday, from Crete.Πηγή: The National Herald

Tourism Min.: Greece to Release Decision on British Tourists in July

Day: 03/07/2020 06:13

British tourists will be welcome in Greece this summer, and the dates they will be allowed entry to the country will be set by mid-July, Tourism Minister Harry Theocharis told Sky News Tonight.Πηγή: The National Herald

Staikouras: Greek Govt Will Continue Providing Liquidity to the Economy

Day: 02/07/2020 05:50

Greek Finance Minister Christos Staikouras on Wednesday said he expected some consequences from the large shrinking of tourism to be visible from September onwards in the country but stressed that the government will continue providing the economy with liquidity to deal with any problems arising....

Greek Tourism Min to Announce Agreement with TUI

Day: 01/07/2020 06:33

Tourism Μinister Haris Theocharis is expected to announce an agreement with the largest travel organizer in the world, TUI, in a press confrence later on Tuesday.Πηγή: The National Herald

BoG: Greek Economy to Contract between 4.4% and 9.4% in 2020

Day: 30/06/2020 09:16

he Greek economy is expected to contract by 4.4 pct to 9.4 pct this year, the Bank of Greece said in its Monetary Policy Report submitted to the Parliament on Monday.Πηγή: The National Herald

World Economy
World Economy
Coronavirus: California reimposes sweeping restrictions amid virus spike

Day: 14/07/2020 05:45

California has reimposed restrictions on businesses and public spaces amid a spike of coronavirus infections in America's most populous state.Πηγή: BBC 

China's export slump to ease in June as economies reopen, imports fall less

Day: 13/07/2020 05:28

The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll showed on Monday.Πηγή: Reuters

Asian Stocks Push Higher Led by Gains in China

Day: 09/07/2020 05:38

Asian stocks pushed higher Thursday as investors continued to place faith in policy support and shrugged off simmering tensions between Washington and Beijing. The dollar steadied.Πηγή: Bloomberg  

Coronavirus: Trump moves to pull US out of World Health Organization

Day: 08/07/2020 05:57

President Donald Trump has formally moved to withdraw the US from the World Health Organization (WHO).The president had made his intentions clear in late May, accusing the WHO of being under China's control in the wake of the coronavirus pandemic.Πηγή: BBC 

Fed's Bostic says U.S. recovery may be 'levelling off'

Day: 07/07/2020 05:32

Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.Πηγή: Reuters

Buffett’s Berkshire Ends Deal Drought With Dominion Bet

Day: 06/07/2020 05:07

Warren Buffett finally found his next crisis-era deal.His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition in more than four years. Πηγή: Bloomberg

The Hong Kong crisis and the new world order

Day: 03/07/2020 06:12

With the UK opening its doors to three million Hong Kong residents and China threatening serious retaliation for what it sees as an intrusion into its domestic affairs, the Hong Kong crisis is becoming a real-time test of diplomacy in a pandemic-distracted world.Πηγή: BBC

Fed's Bullard warns of a financial crisis amid pandemic

Day: 02/07/2020 05:45

St. Louis Federal Reserve president James Bullard told the Financial Times that a wave of “substantial bankruptcies” triggered by the coronavirus pandemic could lead to a financial crisis.Πηγή: Reuters

U.S. coronavirus cases rise by 47,000, biggest one-day spike of pandemic

Day: 01/07/2020 06:28

New U.S. COVID-19 cases rose by more than 47,000 on Tuesday according to a Reuters tally, the biggest one-day spike since the start of the pandemic, as the government’s top infectious disease expert warned that number could soon double.Πηγή: Reuters

Hong Kong security law: China passes controversial legislation

Day: 30/06/2020 09:15

China has passed a controversial security law giving it new powers over Hong Kong, deepening fears for the city's freedoms, the BBC has learned.Πηγή: BBC