President Nicos Anastasiades briefed EU leaders in a videoconference on Thursday evening on the problems Cyprus is facing due to the slow rollout of coronavirus vaccines mainly brought about by the production delays of pharmaceutical companies supplying jabs for the EU.

GRS Recruitment have always been at the sharp end of recruitment in Cyprus and Malta and for the last 15 years have used a UK based recruitment CRM system called Bond Adapt.  GRS Recruitment have been the pioneers of recruitment in Cyprus due to many factors, but one major factor has been “staying ahead of the game”.

With 29 votes for and 26 against, the House on Thursday passed the revised state budget for 2021, unlocking hundreds in millions earmarked for coronavirus relief to businesses and households.

Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced economic downturn, a fact that is a credit positive.

Almost 1.3 million PCR and antigen rapid coronavirus tests were carried out in Cyprus between March and Thursday, January 21, according to Ministry of Health data released on Friday.

Cyprus banks tightened lending criteria in the third quarter of 2020 while there was increased demand for loans from businesses and households during the pandemic, according to the bank lending survey.

Despite indications that the rampant spread of the virus has been contained, Cyprus remains in the red zone, Health Minister Constantinos Ioannou said Thursday.

Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the first cut, as they were found unviable.

“Based on current data, CERA is looking forward to the introduction of healthy competition in the electricity market of Cyprus at the beginning of 2022,” announces Dr. Andreas Poullikkas, chairman of the Cyprus Energy Regulatory Authority (CERA).

The health ministry on Wednesday announced that the minimum number of people who need to be physically present in workplaces has been raised to five with 25 maximum, depending on the size of the business.