In December 2020, the euro area annual inflation was -0.3% for the fourth consecutive month, according to figures published by Eurostat, the statistical office of the European Union. A year earlier, the rate was 1.3%. European Union annual inflation wa…
Day: January 20, 2021
Cyprus banks tighten lending criteria in third quarter of 2020, while loan demand increases
Cyprus banks tighten lending criteria in the third quarter of 2020, while there was increased demand for loans from businesses and households, according to the bank lending survey for October, compiled by the Central Bank of Cyprus (CBC).According to C…
Harmonized Index of Consumer Prices down by 1.1% in 2020 compared to 2019
In December 2020 the Harmonized Index of Consumer Prices (HICP) decreased by 0.8% in Cyprus, compared to the index of December 2019, according to data released Wednesday by the Statistical Service of Cyprus. For the period January – December 2020 the H…
Health Ministry announces 178 new coronavirus cases, 192 patients are hospitalised
The Ministry of Health announced on Wednesday that 192 COVID19 patients are receiving treatment in state hospitals, 60 of whom in a critical condition, while 178 new cases of coronavirus were detected out of 9,884 tests (PCR and antigen rapid tests).Si…
COVID19: New cases rise again, diffusing hopes of lifting lockdown
Cyprus reported 178 new coronavirus cases on Wednesday, 14 more than the day before, but saw a small drop in the number of COVID-19 patients in local hospitals, with administration officials undecided about softening lockdown measures.A 9pm curfew rema…
EU court backs Bulgarian rival in Halloumi trade war
An EU court ruled Wednesday there is no possibility of consumers confusing Cyprus’ traditional cheese Halloumi with its Bulgarian imitator BBQLOUMI in a legal fight to protect the brand.The European Court of Justice General Court confirmed there is “no…