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1. EU raises its bet on blood plasma in search for Covid-19 treatment

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc’s growing confidence in the experimental treatment....

2. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

3. EU gives go-ahead for Cyprus-Greece ferry connection subsidy

Cyprus’ outgoing Deputy Shipping Minister Natasa Pilides said on Monday that the goal to establish a ferry connection between Cyprus and Greece is moving forward, noting that following consultations which began a year ago, the EU Competition Directorate-General has approved a state subsidy for the project valued of at a maximum of €6 million per year....

4. Moratorium on energy plans would be the end of Cyprus' energy prospects, Lakkotrypis says

Outgoing Energy Minister Giorgos Lakkotrypis told Kathimerini Cyprus that a moratorium on the Republic’s energy plans due to internal or external instabilities would mean the end of any energy prospects for the country....

5. Police building cases against 5G bashers after string of arsons

Police are moving full speed ahead with investigations into several arson attacks on telecommunications infrastructure usually falsely associated with 5G networks, with 22 people expected to face court for inciting others to commit the act....

6. All set for implementation of new support measures, FinMin says

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....

7. Expert calls for tests on all arriving passengers

A local expert on the government’s public health task force says she is worried over coronavirus cases among arriving passengers who are not being detected as they land in the Republic of Cyprus...

8. Cyprus gets tough on golden passports

A House emergency bill that could allow authorities to revoke dozens of Republic of Cyprus “golden passports” is said to eliminate grey areas that so far prevented the state from revoking ill-gotten investor citizenships...

9. Cabinet approves stricter regulations for citizenship-by-investment scheme

The Cabinet on Wednesday approved new regulations to the citizenship-by-investment program, an important provision of which ties the program to anti-money laundering legislation, interior minister Nikos Nouris said. ...

10. New scheme to subsidize airlines conducting flights with low occupancy

Transport minister Yiannis Karousos on Wednesday announced a new scheme that will support airlines in view of stimulating passenger traffic....

11. Lidl committed to responsible corporate governance

12. EU issues '10 commandments' for safe travel

As EU countries gradually lift confinement measures, Europeans may be able to travel this summer, provided the health situation and national restrictions allow....

13. Anastasides and Merkel discuss Turkish drilling plans, Covid-19 exit strategies

President Nicos Anastasiades and German Chancellor Angela Merkel discussed on Thursday Turkey’s illegal drilling activities in the Cyprus Exclusive Economic Zone (EEZ), but also touched on the repercussions of the COVID-19 pandemic, and EU issues....

14. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

15. President unveils new stimulus package

President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic...

16. Coronavirus ICU builders turn down bonus

The contractors who built an Intensive Care Unit in less than a month at Nicosia General Hospital have returned their bonus check, offering the money as a donation to the state to buy ICU equipment...

17. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....

18. Companies in Cyprus ready for the new norm

CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...

19. New rules issued for food and beverage establishments

With all restrictions on movement to be scrapped on May 21, when gatherings of groups of up 10 people will be permitted, the Health Ministry on Monday issued new instructions for cafes, restaurants and bars....

20. V-E Day marked the turning point towards a democratic, prosperous, and peaceful future

Today is the 75th anniversary of the Allied Victory in Europe in World War II - “V-E Day.” This is a day to remember and honor the shared sacrifice, enduring commitment, and unflinching bravery of the Allied forces and the underground movements in defeating Fascism in Europe. We also remember the immense sorrow and misery suffered by so many, and we recognize the bravery and sacrifice of tens of millions of civilians in the Second World War....

21. Cyprus police pick up pace in spy van probe

The surveillance company executive at the centre of a high profile spy van case in Cyprus is expected to give a police deposition as early as Tuesday, with reports saying the former Israeli intelligence officer insists he never broke the law...

22. Cyprus announces 'timid first steps' in easing restrictions

In a televised national address on Wednesday night, President Nicos Anastasiades presented the detailed plan of the first two phases of Cyprus’ lockdown exit plan, with the first phase, which will see a timid resumption of the economy and a small loosening of restrictions on individual freedoms, set to begin on May 4....

23. More Cypriots ditch cash during pandemic

Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show ...

24. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

25. EU governments risk clash with EU exec in bid to save tourism season

European Union governments risk a clash with the EU executive arm over their support for travel firms issuing vouchers for cancelled holiday deals without giving customers the option of cash refunds as required by EU law, diplomats said....

26. Attorney general weighs in on casino probe

The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...

27. Lagarde draws line on how far ECB largesse can go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

28. Turkey: ‘Maximalist and uncompromising attitude’ of Greece and Cyprus threatens regional peace

Turkey has reacted to Greece’s condemnation Tuesday of the country’s newly declared drilling within the exclusive economic zone (EEZ) and continental shelf of the Republic of Cyprus....

29. Chloroquine hype begins to wane

More doubts over chloroquine emerged this week, with new studies pointing to high risks and a US top health official saying he was fired after being pressured to direct money towards the “game changer” drug...

30. Greece condemns Turkey’s drilling intentions in Cyprus’ EEZ

Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....