Monthly Archives: July 2020

Red Alert for danger of forest fires

The Forestry Department has announced that the danger of forest fires will remain on Red Alert level on Saturday.   In a press release, it reminds that lighting a fire without a permit is punishable with a fine and/or imprisonment,

Transport Minister says coronavirus will not pass from Cyprus’ airports

Minister of Transport, Communications and Works Yiannis Karousos has said the coronavirus, if possible, will not pass from Cyprus’ airports, noting that in this way passenger traffic and tourism will increase.   Speaking after a surprise visit to Larnaca Airport

Cyprus industrial output prices record small increase in first half of 2020

Industrial output prices in Cyprus recorded a small increase of 0.6% in the first six months of this year on an annual basis, data released by the Cyprus Statistical Service, on Friday, show.   In particular, according to CyStat the

GDP down by -12.1% in the euro area and by -11.9% in the EU in Q2 2020, inflation at +0.4% in July

In the second quarter 2020, still marked by COVID-19 containment measures in most Member States, seasonally adjusted GDP decreased by 12.1% in the euro area and by 11.9% in the EU, compared with the previous quarter, according to a preliminary

ERBD provides €80 million loan to ETYFA for the acquisition of an FSRU unit

The European Bank of Reconstruction and Development (EBRD) announced it will provide an €80 million loan to the Natural Gas Infrastructure Company of Cyprus (ETYFA), for the acquisition of a floating storage and regasification unit (FSRU) and the development of

Deposit rates in the Cyprus banking system declined marginally in June

Deposit rates in the Cyprus banking system declined marginally in June, according to data published on Friday by the Central Bank of Cyprus (CBC).   The interest for deposits by households with an agreed maturity of up to one year