UK has with one way or another played a major role for the Cyprus

conflict and political situation. UK citizens has for decades chosen

Cyprus for their vacation, for their business activities, for their residency
and have bought properties and invested in various ways due to the
Cyprus’  beneficial tax conditions and belonging to the Commonwealth.

Nevertheless, we have already seen some consequences of the UK

referendum on the 23/4/2016. Adevaluation of the pound has almost
immediately taken affect which was however expected due to the
uncertain climate prevailing. Still, this condition could very well be
transient as UK has a strong economy and very likely it wont take long
before an eventual stabilization. Even if stabilization will delay, the
negative effects will mostly concern British business people investing in
other countries. Cyprus on the other hand having Euro as currency will
mostly benefit from any currency conversion. Perhaps Cyprus business
people selling their goods and services in UK will have to adapt to the low
rate of the pound and once converting they’ll get less Euros back.
A possible effect is that international investors will exclude UK as an
option and even such case Cyprus has nothing to lose, in contrary
Cyprus will still remain a competitive option offering all benefits of its EU
membership to its investors.
As to the Cyprus conflict UK has long now shown understanding to
Turkey and has kept a neutral stance once Turkey lately was violating
Cyprus’ exclusive economic zone. UK has also been very positive with
Turkeys EU- accession process despite the fact that Turkey is violating
essential human rights not only in Cyprus but even at its own country and
have not until today recognized Cyprus as an independent EU member
state. Consequently, Cyprus from a political point of view can not highly
be influenced.
Regarding the tourism from UK let’s don’t forget that Cyprus will get
affected just as much as other EU member states. However I don’ t see
the English to stop traveling due to the devaluation of the pound.
As provided in the article 50 of the Lisbon Treaty, UK as any other
member state has the right to decide to withdraw from the Union so let's
hope the remaining 27 states won’t act revengefully towards UK’s right to
choose whether to stay or leave the EU.
its government will cover the cost of accommodation, medicine and food for
tourists who test positive for the coronavirus after visiting, and their families.
A 100-bed hospital is being set aside for holidaymakers, as well as several
‘quarantine hotels’ for the patients’ families.

Cyprus has updated its lists of countries from which travelers can enter the
eastern Mediterranean island by adding a total of 13 countries to its existing two
groups, a Health Ministry statement said.

It said that four countries – Australia, South Korea, Lichtenstein and Iceland –
have been added to Group A of “low-risk” countries from which people can enter
Cyprus as of Saturday without presenting a medical certificate clearing them of
coronavirus infection.

The other 18 countries in the group are Austria, Bulgaria, Croatia, Czech Republic,
Denmark, Estonia, Finland, Germany, Greece, Switzerland, Hungary, Latvia,
Lithuania, Luxembourg, Malta, Norway, Slovakia and Slovenia. Nine countries –
Belgium, France, Ireland, Italy, Lebanon, Jordan, the Netherlands, Spain and the
United Arab Emirates – were added to Group B, alongside Israel, Poland and
Romania.

Travelers from these 12 “potentially low-risk countries but with greater doubt
compared to Group A” are required to present a certificate of a negative
coronavirus test upon entry.

The Health Ministry statement said that around 300 travelers will be randomly
tested each day, for the purpose of ensuring public health and obtaining an
epidemiological picture of travelers. [Xinhua]

Under both scenarios, GDP in real terms is expected to be significantly lower in

2020 as compared to 2019 (-7.6% for Scenario 1 and -13.5% for Scenario 2). As for
2021, under Scenario 1 GDP in real terms is expected to grow by 7.6% compared to
2020 and be marginally lower than in 2019 (-0.6%); under Scenario 2, GDP in real
terms is expected to grow by 8.7% compared to 2020 and continue to be lower
compared to 2019 (-5.9% lower).
It is noted that, under both scenarios, 2020 and 2021 GDP is expected to be well
below the pre-pandemic expectations based on forecasts (i.e. IMF pre COVID-19
forecasts 2020: + 2.9%, 2021:+ 2.7%). Specifically, when compared to the pre
COVID-19 estimates, 2020 GDP is lower by 10.1% and 15.9% and for 2021 by
6.0% and 11.0% under Scenarios 1 and 2 respectively.
12,13,14,22,25
We assess two scenarios that reflect a range of likely outcomes on the lifting of
lockdown restrictions that are currently in place. The first scenario relates to actual
recent announcements regarding the lifting of restrictions, while the second one
relates to a longer lockdown period in the event that there is another surge in virus
cases before the Summer. Both scenarios assume that the pandemic will not peak
again in Autumn/ Winter season.