Tourist arrivals in Cyprus dropped by an annual 94.7% in November with arrivals for the period of January – November 2020 registering a reduction of 84% due to the coronavirus pandemic.

Inflation in Cyprus remained in negative territory for the eighth consecutive month, with the Consumer Price Index in November declining by an annual 1.1%, data released by the Statistical Service of Cyprus (Cystat) show.

PwC has issued a digital and green blueprint to restarting Cyprus’ battered economy following the coronavirus crisis and lockdown measures causing severe financial trauma.

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said.

The leading English case on the above issue is the famous case EBRAHIMI -V- WESTBOURNE GALLERIES LTD (1973) AC 360, in which it has been inter alia held, that the imposition of equitable considerations requires one or more of the following elements:

The government on Wednesday turned down pleas to reopen churches and shopping malls but said it would reassess the situation next week.

The Cyprus Banks Association announced on Thursday they would extend the suspension of foreclosures concerning primary homes valued at up to €350,000 until the end of March.

The coronavirus situation in Cyprus is stable and a drop in the daily number of positive cases is anticipated but any decisions on special measures over the Christmas holiday will be taken the very last minute.

Cyprus expects its first deliveries of Covid-19 vaccines in early January as part of the rollout across Europe with Pfizer/BioNTech arriving first.

In 2021, according to the most optimistic scenarios, Cyprus will enter the constellation of 5G networks, with the frequencies auction set to begin on Thursday.