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Date: 09.04.2020
Cyprus Economy
Cyprus Economy
29 new COVID-19 cases, experts warn the road ahead is long

Day: 08/04/2020 09:02

Twenty-nine new coronavirus cases were announced on Tuesday in Cyprus with the total of confirmed cases rising to 495.Authorities said that 22 of the cases came from tracing contacts of confirmed cases, three were detected from 371 tests held at Paphos during the last two days and four cases are...

CB calls on Αsset Management Companies to promote loan repayment suspensions

Day: 07/04/2020 11:48

The Central Bank of Cyprus called on Credit Acquiring Companies (CACs) to promote moratorium on loan repayments, as part of the measures to alleviate the adverse impact of the coronavirus pandemic.In a circular published today signed by the CBC Deputy Director of Supervision, the CBC notified CACs...

House prices down by 3.7% during Q4 2019

Day: 08/04/2020 11:49

House prices, as measured by the House Price Index, rose by 4.2% in the euro area (EA19), by 4.7% in the EU27 and decreased by 3.7% in Cyprus, in the fourth quarter of 2019 compared with the same period of the previous year, according to Eurostat, the statistical service of the EU. Compared with...

President to address the Media on Cabinet decisions about COVID-19

Day: 08/04/2020 13:17

President of Cyprus, Nicos Anastasiades, will make a statement to the Media regarding the decisions taken at Wednesday’s Cabinet meeting, in relation to the handling of COVID-19.All relevant Ministers will be also present.The statement, at 7.00 pm (local time) will be broadcast live,...

Total value of building permits increases by 51.6% in January 2020

Day: 08/04/2020 12:28

The total value of building permits permits increased by 51.6% in January 2020, compared to the same month last year, despite a small increase in their number, according to data announced by the Statistical Service on Wednesday.The number of building permits authorized by...

Cyprus to tap the markets with 7-year and 30-year bonds

Day: 07/04/2020 06:09

Cyprus announced its intention to proceed with the issuance of 7-year and a 30-year euro-denominated bonds in a bid to strengthen its cash reserves amid the crisis caused by the coronavirus pandemic.A press release issued to the markets states that “the REPUBLIC OF CYPRUS, rated BBB- (stable...

Applications for loan repayment suspension exceed 23,000

Day: 07/04/2020 11:49

Applications for loan repayment suspension surpassed 23,000 in Cyprus’ two largest banks, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic.The Ministry of Finance issued a decree allowing eligible...

CBC calls directly supervised banks not to pay dividends

Day: 07/04/2020 11:50

The Central Bank of Cyprus (CBC) with a new recommendation published today calls on directly supervised banks or less significant credit institutions not to pay dividends until October 11, 2020, amid the crisis caused by the coronavirus pandemic.The new recommendation echoes the recommendation...

Budget balance projected to reach a deficit of about 4% of GDP in 2020

Day: 07/04/2020 06:12

Cyprus Finance Ministry Public Debt Management Office has said that  the budget balance of the Government is projected to reach a deficit of about 4% of GDP in 2020, stemming from the impact of the COVID-19 pandemic on economic activity impacting both revenue andexpenditure, as well as from...

Authorities announce 19 new covid19 cases, declining trend encouraging

Day: 07/04/2020 06:11

Cyprus authorities announced 19 new covid19 cases on Monday, from a total of 718 lab tests.The total of cases in Cyprus Republic is 465 (including ten in the British Sovereign Bases). A newborn at Makareio Hospital is included in today’s cases.Professor Leontios Kostrikis, of the Advisory...

European Economy
European Economy
UK PM Johnson in intensive care with worsening coronavirus symptoms

Day: 07/04/2020 06:14

British Prime Minister Boris Johnson was fighting worsening coronavirus symptoms in an intensive care unit on Tuesday, leaving his foreign minister to lead the government’s response to the accelerating outbreak.Πηγή: Reuters

Coronavirus: PM admitted to hospital over virus symptoms

Day: 06/04/2020 05:54

Prime Minister Boris Johnson has been admitted to hospital for tests, 10 days after testing positive for coronavirus, Downing Street has said.Πηγή: BBC

The Virus Will Force Europe to Make a Decision About Italy

Day: 03/04/2020 05:43

As the coronavirus rages across the continent, European Union officials are starting to draw up plans for the day after.Πηγή: Bloomberg

French region reports 570 people died in nursing homes since virus outbreak

Day: 02/04/2020 07:14

Five hundred and seventy people have died in nursing homes in France’s eastern region since the outbreak of the coronavirus, the regional public health authority said late on Wednesday.Πηγή: Reuters

Coronavirus: Spain's coronavirus outbreak 'slowing'

Day: 31/03/2020 06:10

The growth in coronavirus cases in hard-hit Spain appears to be slowing, the country's foreign minister has told the BBC.Πηγή: BBC

Coronavirus deaths fall again in Italy but lockdown extension looms

Day: 30/03/2020 06:49

The number of deaths from coronavirus in Italy fell for the second consecutive day on Sunday but the country still looked almost certain to see an extension of stringent containment measures.Πηγή: Reuters

Coronavirus: Fears over rapid spread in Italy's south

Day: 27/03/2020 07:28

The Italian region hardest hit by coronavirus has seen a steep decline in the number of deaths and infections but worries are growing that the country's south could become the next hotspot.Πηγή: BBC

Coronavirus: Spain’s death toll surpasses China’s

Day: 26/03/2020 06:25

Spain’s death toll from the coronavirus has surpassed the official figure from China, becoming the second highest in the world.Πηγή: BBC

Europe Gets Serious About Lockdowns as Italy Slows Deaths

Day: 24/03/2020 07:35

On the same day Italy finally saw a dip in the number of deaths from the coronavirus, the U.K. was forced into a full lockdown with Europe still scrambling for new ways to mitigate the devastating social and economic impact of the pandemic.Πηγή: Bloomberg

Europe Is about to get first glimpse at virus economic damage

Day: 23/03/2020 07:28

Europe is about to learn how badly the coronavirus has already scarred its economy, with the true extent of the damage still hard to grasp.Πηγή: Bloomberg

Greek Economy
Greek Economy
Staikouras: 37 Billion Euros to Support Greek Economy

Day: 07/04/2020 06:19

he Greek government has a total of 37 billion euros available to support the economy, in addition to European measures, to deal with the recession caused by the health crisis, which is estimated at around 4 pct of GDP, Finance Minister Christos Staikouras said on Sunday in an interview with SKAI TV...

Coronavirus cases in Greece reach 1,735

Day: 06/04/2020 05:55

Sixty-two new coronavirus cases were diagnosed on Sunday, the Health ministry announced.Πηγή: The National Herald

Greek Fin Min in Parliament: The Burden of the Health Crisis Is Fairly Distributed

Day: 03/04/2020 05:47

The government has distributed the burden of the crisis fairly, and assumed its largest portion, Finance Minister Christos Staikouras said on Thursday at the Parliament’s plenary session.Πηγή: The National Herald

Gov’t Fiscal Measures Cover Three in Four Greek Businesses or Freelancers, Petas Says

Day: 02/04/2020 07:20

There is no intention to call for a reduction of salaries or pensions because of the coronavirus pandemic emergency, government spokesman Stelios Petsas told Real FM on Wednesday, adding that the government has made plans to May, at which time the government will reasses the current measures.Πηγή:...

Greek PM Mitsotakis Calls on ND Deputies to Deposit Half Their Salary into a Special COVID-19 Account

Day: 31/03/2020 06:14

Prime Minister Kyriakos Mitsotakis on Monday urged members of his cabinet and ruling New Democracy MPs to deposit half their salary into a special account to fight the coronavirus for the next two months. The prime minister said he was confident that other parties will follow suit.Πηγή: The...

Greek Coronavirus Cases Reach 1,156, with 95 New Cases and a Total of 38 Fatalities

Day: 30/03/2020 06:51

The Health Ministry’s spokesman and infectious diseases professor Sotiris Tsiodras on Sunday evening announced 95 new confirmed cases of Covid-19 in Greece in the last 24 hours and 6 new deaths.Πηγή: The National Herald

COVID-19’s Crush Will Shrink Greek Economy 1-3%, Bring Recession

Day: 27/03/2020 07:38

After projecting growth of at least 2.8 percent this year during a growing recovery from a near decade-long crisis, the devastating effects of the COVID-19 Coronavirus are expected to bring a fall of 1-3 percent in the economy.Πηγή: The National Herald

Bank of China Donates 10,000 Masks to Greece

Day: 26/03/2020 06:27

The Bank of China on Tuesday donated 10,000 medical-grade face masks to the City of Athens municipal authority for the protection of employees, in collaboration with the Hellenic Trade Council (HETCO).Πηγή: The National Herald

Coronavirus Changes Greek Consumers’ Purchasing Habits, Survey Shows

Day: 24/03/2020 07:38

The dramatic appearance of COVID-19 in Greece has drastically changed consumers’ purchasing habits, the Research Institute of Retail Consumer Goods (IELKA) said, based on a survey conducted on a sample of 1,050 persons in the period March 18-19.Πηγή: The National Herald

Greek PM Mitsotakis Imposes Ban on Circulation to Stem Spread of Coronavirus

Day: 23/03/2020 07:29

Prime Minister Kyriakos Mitsotakis announced a ban on public movement as of 06:00 on Monday, introducing the strictest measure so far to stem the spread of the global coronavirus pandemic in Greece.Πηγή: The National Herald

World Economy
World Economy
Coronavirus: China reports no Covid-19 deaths for first time

Day: 07/04/2020 06:16

China reported no coronavirus deaths on Tuesday, the first time since it started publishing daily figures in January.Πηγή: BBC

U.S. faces 'really bad' week as coronavirus deaths spike

Day: 06/04/2020 05:53

The United States is entering what a senior official warned on Sunday would be the “hardest” week of the coronavirus crisis as the death toll mounted, but some saw glimmers of hope from a slight slowing of fatalities in hard-hit New York.Πηγή: Reuters

Fed's dilemma: Picking winners for $4 trillion in credit

Day: 03/04/2020 05:42

But the coronavirus outbreak has triggered virtually every other shock that was mentioned - from a stock market rout to a looming global recession - and is forcing the U.S. central bank and the U.S. Treasury to triage a system springing leaks by the day.Πηγή: Reuters

Coronavirus: US death toll exceeds 5,000

Day: 02/04/2020 07:18

The death toll from the coronavirus pandemic in the US has gone above 5,000, while confirmed cases worldwide are close to reaching one million.Πηγή: BBC

U.S. coronavirus death toll rises past 3,000 on deadliest day

Day: 31/03/2020 06:12

The U.S. death toll from the coronavirus pandemic climbed past 3,000 on Monday, the deadliest day yet in the country’s mounting crisis, while New York cheered the arrival of a gleaming 1,000-bed U.S. Navy hospital ship as a sign of hope in the city’s desperate fight.Πηγή: Reuters

Coronavirus: Trump extends US guidelines beyond Easter

Day: 30/03/2020 06:48

President Donald Trump has said federal coronavirus guidelines such as social distancing will be extended across the US until at least 30 April.Πηγή: BBC

U.S. has most coronavirus cases in world, next wave aimed at Louisiana

Day: 27/03/2020 07:27

The number of U.S. coronavirus infections climbed above 82,000 on Thursday, surpassing the national tallies of China and Italy, as New York, New Orleans and other hot spots faced a surge in hospitalizations and looming shortages of supplies, staff and sick beds.Πηγή: Reuters

U.S. Senate passes $2 trillion bill for 'strange and evil' coronavirus crisis

Day: 26/03/2020 06:23

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.Πηγή: Reuters

Trump suggests he may scale back closures soon despite worsening coronavirus outbreak

Day: 24/03/2020 07:34

President Donald Trump said on Monday he is considering how to reopen the U.S. economy when a 15-day shutdown ends next week, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths.Πηγή: Reuters

Central banks deploy record sums to break financial logjam, but may need more

Day: 23/03/2020 07:25

Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits.Πηγή: Reuters