Month: November 2021

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Government Spokesman outlines importance of COP26 attended by President Anastasiades

The President of the Republic of Cyprus Nicos Anastasiades attended the opening ceremony of the leaders’ summit within COP26, the UN Climate Change conference held in Glasgow.

On the sidelines of the summit he had the opportunity to hold talks with a number of other leaders and he also watched the National Statements of the first group of Heads of States and Governments.

Government Spokesman Marios Pelekanos, who accompanies the President in COP26 along with the Minister of Agriculture Costas Kadis, summarised the day’s schedule, noting that following the initial National Statements the host country leader Prime Minister Boris Johnson will hold reception for the participating leaders.

Source: Cyprus News Agency

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Our policies remain the same despite the Covid setback, FinMin says

Despite the setback of the Covid pandemic, Cyprus’ policies remain the same in achieving macroeconomic stability, implementing prudent fiscal policies, ensuring financial stability and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides has said as the Cypriot economy is poised to recover the ground lost during the global health shock.

“Despite the pandemic setback, our policy priorities remain the same, that is achieving macroeconomic stability, implementing prudent fiscal policies, ensuring financial stability and establishing a competitive, business-friendly regulatory environment of high standards,” Petrides said addressing 7th International Funds Summit –Speech by Minister of Finance.

As he said, the Cypriot economy shrank by 5.

Source: Cyprus News Agency

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?ealth Ministry budget increased by 24 mln, by September 2021 pandemic cost exceeded 115 mln

Health Ministry budget for 2022 is increased by 24 mln euro compared to 2021 which amounts to 14,8% of the state budget, Minister Michalis Hadjipantelas has said.

Presenting Monday the budget for his Ministry before the Finance Committee of the Parliament, Hadjipantelas said that the total expenditure is €1.050 mln compared to €1.026 mln for 2021. The revenue for 2022 is projected at €288.5 mln.

The Minister said that up to September 30, the total pandemic cost exceeded €115 mln which was more than the approved amount included in the 2021 budget.

He said that the restart of the economy and the lift of restrictions measures were very much dependent on the measures taken to contain the pandemic. The Minister said that “we have made it to a great extent” however there is no complacency and we closely monitor the epidemiological data. Hadjipante

Source: Cyprus News Agency

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New Covid cases in Cyprus spike to 280, no fatalities, 68 patients in hospitals

Cypriot health authorities announced 280 new COVID-19 infections on Monday bringing the total number of cases since the outbreak of the pandemic to 124,724, while no deaths were recorded today with total fatalities remaining at 574.

A press release issued by the Ministry of Health says that a total of 65,948 tests were carried out with the daily positivity rate at 0.42%.

Furthermore, 68 patients are being treated in public hospitals, of whom 25 are in serious condition.

Total deaths remained unchanged at 574 of whom 366 or 64% men and 208 or 36% women with median age of 76.1 years.

According to the Ministry, 68 patients receive treatment in public hospitals, of whom 25 are being treated in serious condition in ACUs and ICUs. Of the 25 patients in serious condition, 6 are intubated in ICUs, 3 in ICU but not connected to a ven

Source: Cyprus News Agency

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Industrial Output Prices rise by an annual 11.5% in September

The Index of Industrial Output Prices marked an increase by an annual 11.5% in September 2021 but remained relatively steady compared with August 2021, according to data released by the Statistical Service of Cyprus (Cystat).

The Index reached 110.5 units (base 2015=100), recording an increase of 0.5% compared to August 2021.

Compared to the corresponding month of the previous year, the index recorded an increase of 11.5%.

For the period January-September 2021, the index showed an increase of 4.5% compared to the corresponding period of 2020, Cystat said.

Compared to August 2021, the index remained stable in the sector of mining and quarrying, while it showed a rise in the sectors of water supply and materials recovery by 2.4%, manufacturing by 0.4% and electricity supply also by 0.4%.

Compared to the corre

Source: Cyprus News Agency

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Retail trade registers annual gains of 9.1% in value and 2.9% in volume in August

Retail Trade in August has registered annual gains both in value and in volume, according to data released by the Statistical Service of Cyprus on Monday.

The Turnover Value Index of Retail Trade for August 2021 increased by 9.1% compared to the corresponding month of the previous year.

For the same month, the Turnover Volume Index of Retail Trade increased by 2.9% compared to the corresponding month of the previous year, Cystat said.

For the period January-August 2021, the value index is estimated to have recorded an increase of 8.7% and the volume index an increase of 7.4% compared to the same period of 2020.

Source: Cyprus News Agency