In Partnership with StockWatch
Date: 30.11.2020
Cyprus Economy
Cyprus Economy
Capital Intelligence affirms Hellenic Bank's ratings

Day: 30/11/2020 07:10

Rating agency, Capital Intelligence (CI) affirmed Hellenic Bank’s Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB-’ and ‘B’, respectively, maintaining a stable outlook.The Limassol-based rating agency said the stable...

Central Bank Governor tests positive for COVID-19

Day: 30/11/2020 07:06

The Governor of the Central Bank of Cyprus Constantinos Herodotou has tested positive for COVID-19, as he announced in a post on twitter."After a tracking procedure, I tested positive for covid-19. I remain n self-isolation and will I work from home, adhering to all relevant protocols”,...

MoU with UK to deepen collaboration in the development of digital government services

Day: 30/11/2020 10:38

Considering that digital transformation is key to fostering sustainable and inclusive economic growth and providing effective and efficient services to citizens and businesses, the Deputy Ministry of Research, Innovation and Digital Policy of the Republic of Cyprus and the Government Digital...

Health Minister announced new measures against coronavirus

Day: 30/11/2020 05:02

A full lockdown will be the last measure to be taken, Minister of Health Constantinos Ioannou said on Friday, announcing a series of island-wide measures to run from November 30 to December 13.Speaking at a press conference, Ioannou said commuters will now be able to travel to Limassol and Paphos,...

Professor suggests that all citizens are tested for COVID-19

Day: 30/11/2020 07:13

Professor George Panos suggests that all the people of Cyprus are tested for COVID-19 within a period of seven days and that this is repeated once again, with the aim of preventing a total lockdown.In statements to CNA, Panos, who is Professor of Pathology at the Medical School of the University of...

Police report 68 individuals for violating coronavirus measures

Day: 30/11/2020 10:39

The Cyprus Police carried out a total of 2,676 island-wide checks since yesterday and reported 68 individuals for violating measures in place aimed at curbing the spread of the coronavirus.A Police spokesperson said 11 individuals were reported in Nicosia, 22 in Limassol, 10 in Larnaca, nine in...

NPLs in the banking system down by €133 million in July

Day: 30/11/2020 05:03

Non- Performing Loans (NPLs) in the Cyprus banking system dropped by €133 million continuing their downward trajectory, assisted by disposals as well as the debt repayment moratorium in place since March until end-December, as part of the measures to tackle the impact of the coronavirus...

Authorities announced 152 COVID-19 cases and 114 positive rapid tests on Sunday

Day: 30/11/2020 07:07

A total of 152 COVID-19 cases, confirmed through PCR tests, were announced on Sunday in Cyprus, while 114 antigen rapid tests turned positive.The total number of cases in Cyprus since the start of the pandemic rose to 10,383.The Ministry of Health said that 11 of the 152 cases were found to be...

Bank deposits drop, loans increase

Day: 27/11/2020 07:53

Bank deposits in Cyprus dropped in October 2020, following an increase in the previous four months, while loans recorded a rise after two consecutive months of decrease, due to an increase in business and housing loans, according to data released by the Central Bank of Cyprus.The Central Bank of...

Authorities announced one more death of COVID19 and 220 additional confirmed cases

Day: 27/11/2020 07:54

The Ministry of Health announced on Thursday the death of a man aged 84, with underlying conditions, due to COVID19, thus bringing the total number of deaths since the outbreak of the pandemic to 48, 32 men and 16 women with median age 75. The man was being treated at the Famagusta General Hospital...

European Economy
European Economy
Coronavirus pandemic: Germany seeks EU deal to close ski resorts

Day: 27/11/2020 06:18

Germany is seeking an agreement with EU countries to keep ski resorts closed until early January, in an attempt to curb the spread of coronavirus.Πηγή: BBC

France demands digital tax payments from US tech groups

Day: 25/11/2020 06:35

French tax authorities have begun demanding millions of euros from US technology groups as they push ahead with a new digital services tax that has enraged Washington.Πηγή: Financial Times

Europe staves off mass unemployment but needs to redeploy workers

Day: 24/11/2020 06:36

The coronavirus pandemic is exacerbating the divide in Europe’s job market between skilled and unskilled workers, despite governments’ financial support preventing a repeat of the mass unemployment caused by the financial crisis a decade ago.Πηγή: Financial Times

Trial of ex-president Sarkozy a landmark for France

Day: 23/11/2020 07:20

He was nicknamed the "bling-bling" president for what many in France saw as his lavish tastes - but now Nicolas Sarkozy faces the stark reality of a soulless courtroom.Πηγή: BBC

ECB's Weidmann calls on cenbanks to address climate-related financial risks

Day: 19/11/2020 07:05

Bundesbank President Jens Weidmann on Thursday called on the Eurosystem, which includes the European Central Bank (ECB) and the euro zone’s 19 central banks, to consider climate-related financial risks before making monetary policy decisions.Πηγή: Reuters

PM Johnson self-isolating after COVID-19 contact

Day: 16/11/2020 06:46

British Prime Minister Boris Johnson is self-isolating after coming into contact with someone who tested positive for COVID-19, a fresh setback after infighting among his top advisers plunged Downing Street into chaos last week.Πηγή: Reuters

Healthcare group Sanofi invests 50 million euros in Jeito Capital

Day: 13/11/2020 07:23

French healthcare giant Sanofi has invested 50 million euros ($59 million) into Jeito Capital, an investment firm dedicated to biotech and biopharma, in a deal which Sanofi said would support French and European healthcare innovation.Πηγή: Reuters

Coronavirus: EU buys 300m doses of BioNTech-Pfizer vaccine

Day: 12/11/2020 06:53

The European Union has agreed to buy up to 300 million doses of the BioNTech-Pfizer coronavirus vaccine, after it showed strong results in trials.Πηγή: BBC

EU banks urged to prepare for bad loans as pandemic hits economy

Day: 11/11/2020 06:39

European banks need to prepare their balance sheets for the risk of pandemic-induced non-performing loans hitting them in the new year, the head of the EU agency tasked with winding down failing lenders has said. Πηγή: Financial Times 

Brexit: Government's bill suffers heavy House of Lords defeat

Day: 10/11/2020 07:01

The government has suffered a heavy defeat in the House of Lords over its controversial Brexit legislation.Πηγή: BBC

Greek Economy
Greek Economy
Aegean Airlines reports losses in the third quarter of 2020

Day: 27/11/2020 06:24

Aegean Airlines on Tuesday reported losses of 28.3 million euros in the third quarter of 2020, hit by restrictions imposed because of the pandemic, after profits of 90.2 million euros in the same period last year.Πηγή: Euro2day

Greece wants more Chinese investments for post-COVID-19 recovery

Day: 25/11/2020 06:38

While being squeezed by the United States not to get too cozy with China, Greece's beleaguered economy shrinking over the COVID-19 pandemic needs more Chinese investments, New Democracy government officials said.Πηγή: The National Herald

Hardalias: Epidemiological data a key factor for a potential lockdown lifting

Day: 24/11/2020 06:39

The government's decision on when and how the current lockdown is lifted will be based exclusively on epidemiological data, the development of the current second wave of the pandemic and the experts' conclusions, said Deputy Minister for Civil Protection & Crisis Management Nikos...

Greece confirms 103 fatalities, 1,498 new coronavirus cases in last 24 hrs

Day: 23/11/2020 07:20

Greece confirmed 1,498 new coronavirus cases on Sunday, of which 22 were identified at the country's entry points, said the National Public Health Organization (EODY).Πηγή: The National Herald

FM Staikouras comments on enhanced surveillance report

Day: 19/11/2020 07:08

The Enhanced Surveillance Report for November 2020 is the fifth positive report by Greece's creditors in a year or so, Greek Finance Minister Christos Staikouras said on Wednesday.Πηγή: The National Herald

Greece confirms 1,698 new COVID-19 cases, 71 deaths

Day: 16/11/2020 06:47

Greece confirmed 1,698 new coronavirus cases on Sunday, of which 25 were identified at the country's entry points, said the National Public Health Organization (EODY).Πηγή: The National Herald

Greece will give 50% tax break for workers abroad, skills wanted

Day: 13/11/2020 07:25

Greece's New Democracy government is trying to entice scores of thousands of professional workers abroad to move to the country and bring their skills, offering a 50 percent exemption on income tax.Πηγή: The National Herald

Greek tourism Min collaborates with representatives of British travel agencies and EasyJet Holidays

Day: 12/11/2020 06:57

Tourism Minister Harry Theoharis had a working meeting with a representative of the Association of British Travel Agencies (ABTA), Susan Deer, and the CEO of EasyJet Holidays, Garry Wilson, on the second day of the WTM International Exhibition in London.Πηγή: The National Herald

New Democracy legislation freezes tax evasion probes, prosecutions

Day: 11/11/2020 06:43

The Greek Parliament controlled by the ruling New Democracy government has okayed a bill effectively giving a pass to thousands of alleged tax evaders in a move critics said was aimed at benefiting Greek bankers facing breach of trust charges and undermining anti-money laundering laws.Πηγή: The...

Greek finance chief sees big post COVID-19 recovery - Maybe

Day: 10/11/2020 07:04

Despite an expected contraction of the Gross Domestic Product (GDP) of at least 8.2 percent because of two lockdowns aimed at preventing the spread of COVID-19, Greece is poised for a big bounce when it ends, Finance Minister Christos Staikouras said.Πηγή: Euro2day

World Economy
World Economy
How parent of BMW's China partner drove to the brink of bankruptcy

Day: 27/11/2020 06:21

In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of provincially owned automaker Huachen Group.Πηγή: Reuters

U.S. officials plan to release 6.4 million COVID-19 vaccine doses in first distribution

Day: 25/11/2020 06:36

U.S. officials said on Tuesday they plan to release 6.4 million COVID-19 vaccine doses nationwide in an initial distribution after the first one is cleared by regulators for emergency use.Πηγή: Reuters

Trump administration gives green light to proceed with Biden transition

Day: 24/11/2020 06:37

After weeks of waiting, President Donald Trump’s administration on Monday cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results.Πηγή: Reuters

Biden push to restore U.S. global role starts with Blinken

Day: 23/11/2020 07:17

President-elect Joe Biden is moving forward on his campaign pledge to restore America as a leader on the global stage and lean on experts, tapping veteran diplomats for key posts even as President Donald Trump continues to refuse to concede.Πηγή: Reuters

Dimon blames ‘childish’ Congress for stimulus deadlock

Day: 19/11/2020 07:06

Jamie Dimon, chief executive of JPMorgan Chase, called out the US Congress for failing to pass further fiscal stimulus, saying its inability to cut a deal reflects “childish behaviour by our politicians”.Πηγή: Financial Times

US surge in coronavirus cases darkens outlook for economy

Day: 16/11/2020 06:44

The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.Πηγή: Financial Times

Central bank chiefs upbeat on vaccine boost to global economy

Day: 13/11/2020 07:22

Three of the world’s top central bankers predicted the breakthrough on a coronavirus vaccine would lift the uncertainty weighing on the global economy, while calling for more short-term public support to bridge the gap to a recovery.Πηγή: Financial Times

Most Wall Street workers to get lower 2020 bonuses

Day: 12/11/2020 06:51

Year-end bonuses for most Wall Street workers are expected to decline this year compared with 2019 due to the impact of the COVID-19 impact on the U.S. economy, compensation firm Johnson Associates Inc said on Thursday.Πηγή: Reuters

Biden: Trump refusal to concede 'an embarrassment'

Day: 11/11/2020 06:41

Joe Biden has said President Donald Trump's refusal to concede victory in last week's White House election is "an embarrassment".Πηγή: BBC

U.S. to see more Chinese listings as Biden will make art of deal easier, advisors say

Day: 10/11/2020 06:56

Chinese companies’ stock market listings in the United States reached a six-year high in 2020 and advisors expect the trend to accelerate in the year ahead in expectation of a stable regulatory regime under U.S. President-elect Joe Biden.Πηγή: Reuters