The general government surplus grew to 0.8% of GDP for the first quarter of 2020, according the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (Cystat).

Four new coronavirus cases and one death were announced by the health ministry on Tuesday, bringing the total of cases to 878.

The Covid-19 crisis is first and foremost a humanitarian crisis and one that raises fears for the health of ourselves, our loved ones, our families, our co-workers and friends. The cohesion of society itself is at risk and the survival of vulnerable people and businesses threatened. Institutions such as the health services, governmental authorities, banks, even organised religion are all tested and many are found seriously wanting.

In announcing its results for the last quarter of 2019, showing improvements across several metrics including profits and capital adequacy, Eurobank this week said it stands ready to withstand the ongoing crunch due to the coronavirus and help the community rebuild.

Energy companies licensed to prospect for gas off Cyprus have assured the government they are committed to their contracts despite inevitable delays due to the coronavirus situation, MPs heard on Tuesday.

Cyprus’ construction industry was on the rise prior to the coronavirus outbreak, as building permits increased during the first two months of the year by 5.6% compared to the same period of 2019.

Much has been discussed and published on the use of AI, RPA and ML for the benefit of the Wealth Management industry. The Robo Advisory evolution is a pragmatic and real trend with firms deploying or delivering such services.

After ExxonMobil recently postponed drillings scheduled for 2020 in the Cyprus Exclusive Economic Zone (EEZ), the Italian-French ENI-TOTAL drilling consortium followed suit, it emerged on Monday.

Authorities mounted a massive logistical operation on Monday as thousands returned to their offices and shops during the first day of lockdown relaxations, with the government again warning the public against any complacency.

Just two new coronavirus cases were announced by the health ministry on Monday, the first day lockdown measures were relaxed, bringing the total to 874.