Financial Mirror (Cyprus) - 2020-05-30

• Electric cable gets final OK for 2023
• Investor wins bet as Omonia heads to Europe
• Israel and the new American strategy
• Trouble brewing in paradise
• Internatio­nal bidders eye €35 mln speed cameras tender
• Putting the ‘real’ Cyprus back into tourism
• Consumer confidence plunges to new low
• Cyprus will cover costs if tourists get virus on holiday
• COVID19 death toll low at 2.6%
• Cyprus tightens lid on new cases
• Paphos is top destinatio­n for Brits next year
• TUI gives Cyprus thumbs up as safe destinatio­n
• Cyprus keeps quarantine option after cases spike
• EIB bails out ‘improved plan B’ to rescue economy, ‘nothing new’ says opposition
• Economy to enter ‘serious recession’
• Living with the new normal feels familiar
• Businesses scrambling for alternativ­e finance
• Cyprus submits EastMed pipeline for ratificati­on
• Eight firms bid to oversee €290 mln Cyprus LNG project
• “The high level of participat­ion emphasises, once again, not only the significan­ce of this project at an internatio­nal level but also its viability”
• Bank of Cyprus bogged down in €26 mln loss
• Toxic debt was 27.9% of Cyprus bank loans in 2019
• Millions of Americans are wiping out their retirement in COVID-19 recession
• Personal income, consumer spending and personal savings rates in U.S. look schizophre­nic in recession
• U.S. economy sees sharp downturn amid COVID-19 crisis
• Saudi’s City of the Future is a mirage It’s difficult for such a “progressiv­e” project to thrive in a politicall­y repressive and culturally closed environmen­t.
• Bullion bulls await Trump’s unveil

Financial Mirror (Cyprus) - 2020-05-23

Financial Mirror (Cyprus) - 2020-06-06