Daily Archives: July 6, 2020

Cyprus reports one more coronavirus case, total reaches 1,004

Cyprus authorities announced on Monday one more confirmed coronavirus case out of 1,259 tests completed, with the total number of cases reaching 1,004.   Out of 1,259 laboratory tests completed, one person tested positive to SARS-CoV-2, a Ministry of Health

Payment holidays shield banks in 2020, deterioration very likely in 2021, Moody’s says

The high level of loan payment holiday in Cyprus may shield the banks in 2020 but suggests that asset quality deterioration is “still very likely next year,” rating agency Moody’s has said.   In its bi-weekly Credit Outlook issued today,

Retail trade rises by 17,8% in the eurozone in May, drops by -30.3% in Cyprus for April

In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro area and by 16.4% in the EU, compared with April 2020, according to estimates from

EU current account surplus of €59.9 bn in Q1 2020, €0.9 bn deficit in Cyprus

EU seasonally adjusted current account of the balance of payments recorded a surplus of €59.9 billion (1.8% of GDP) in the 1st quarter of 2020, down from a surplus of €78.6 billion (2.2% of GDP) in the fourth quarter of

EU gives go-ahead for Cyprus – Greece ferry connection subsidy

Cyprus` Shipping Deputy Minister NatasaPilides said on Monday that a goal to establish a ferry connection between Cyprus and Greece is going ahead as on Friday following consultations which started a year ago, the EU Competition DG approved a maximum

Cyprus industrial production value and employment in increased in 2018

Cyprus industrial production value and employment in the sector increased in 2018 by 11.4% and 7% respectively on an annual basis, data released by the Cyprus Statistical Service on Monday show.   In particular, according to the results of the