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12° Nicosia,
19 January, 2021
 

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Displaying results 1-30 of 565 matches for query economy.

1. Smoothening the cliff edge in EU-UK relations

https://knews.kathimerini.com.cy/en/comment/opinion/smoothening-the-cliff-edge-in-eu-uk-relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

2. Cyprus puts national minimum wage on hold until full employment

https://knews.kathimerini.com.cy/en/news/cyprus-puts-national-minimum-wage-on-hold-until-full-employment

The Cyprus government will launch a social dialogue for the implementation of the national minimum wage when full employment is reached, namely when unemployment is around 5%....

3. Cyprus aiming for full absorption of EU funds

https://knews.kathimerini.com.cy/en/news/cyprus-aiming-for-full-absorption-of-eu-funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

4. Government buys time on new COVID measures

https://knews.kathimerini.com.cy/en/news/government-buys-time-on-new-covid-measures

The health, finance, and labour ministers of the Republic of Cyprus have been tasked to reconcile a number of issues before a Cabinet meeting on Friday, essentially stalling the announcement of new COVID measures which was expected on Thursday...

5. Officials in the dark over mutation spread

https://knews.kathimerini.com.cy/en/news/officials-in-the-dark-over-mutation-spread

Health officials in the Republic of Cyprus say the new strain of coronavirus, found initially in the UK and confirmed on the island last week, has spread in the community but an accurate picture of the problem remained unclear due to only a very small sample size being tested...

6. Cyprus holds turned thumb over lockdown

https://knews.kathimerini.com.cy/en/news/cyprus-holds-turned-thumb-over-lockdown

Cyprus’ lockdown stance continued to remain unclear following a special meeting between experts and the health minister, with the government hinting thumbs down for a new lockdown citing economic reasons but also thumbs up for stricter measures after hospitalizations reached dangerous levels...

7. Cyprus tourism revenue drops by 85.1% in first ten months of 2020

https://knews.kathimerini.com.cy/en/news/cyprus-tourism-revenue-drops-by-85-1-in-first-ten-months-of-2020

The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show. ...

8. Britain and EU publish Brexit trade agreement

https://knews.kathimerini.com.cy/en/news/britain-and-eu-publish-brexit-trade-agreement

Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire ...

9. Folli Follie report unveils 17-year scam

https://knews.kathimerini.com.cy/en/news/folli-follie-report-unveils-17-year-scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

10. Cyprus remains an attractive investment destination

https://knews.kathimerini.com.cy/en/business/cyprus-remains-an-attractive-investment-destination

Cyprus remains an attractive investment destination, especially among established investors ...

11. DBRS warns against protracted process in approving bugdet

https://knews.kathimerini.com.cy/en/news/dbrs-warns-against-protracted-process-in-approving-bugdet

Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....

12. Industrial/Logistics most attractive post COVID-19

https://knews.kathimerini.com.cy/en/business/industrial-logistics-most-attractive-post-covid-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

13. Parliament votes state budget down

https://knews.kathimerini.com.cy/en/news/parliament-votes-state-budget-down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

14. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

https://knews.kathimerini.com.cy/en/news/cyprus-calls-on-egypt-to-assist-in-persuading-turkey-to-shift-intransigent-stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....

15. 5G bidding process wraps up, first licences in January 2021

https://knews.kathimerini.com.cy/en/news/5g-bidding-process-wraps-up-first-licences-in-january-2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

16. New Chinese Ambassador hails deepening relations with Cyprus

https://knews.kathimerini.com.cy/en/news/new-chinese-ambassador-hails-deepening-relations-with-cyprus

China opposes any unilateral provocations and actions that undermine the peace and stability of Cyprus and the region and as a permanent member of the UN Security Council, it will continue to play a constructive and coordinating role in facilitating the settlement of the Cyprus problem, UNFICYP’s mandate renewal, and the implementation of relevant UN resolutions, to uphold fairness and justice for Cypriots, China's new Ambassador to Cyprus, Liu Yantao said, presenting on Thursday his credentials to Cyrpus President, Nicos Anastasiades....

17. State budget battles rage on in Cyprus

https://knews.kathimerini.com.cy/en/news/state-budget-battles-rage-on-in-cyprus

Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...

18. Cyprus energy designs unaffected by Turkey's provations, President says

https://knews.kathimerini.com.cy/en/news/cyprus-energy-designs-unaffected-by-turkey-s-provations-president-says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

19. EU leaders pull Turkey punch at last minute

https://knews.kathimerini.com.cy/en/news/eu-leaders-pull-turkey-punch-at-last-minute

European Union leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus, postponing any harsher steps until March as countries sparred over how to handle Ankara...

20. EU leaders weigh sanctions over Turkey’s Med drilling

https://knews.kathimerini.com.cy/en/news/eu-leaders-weigh-sanctions-over-turkey-s-med-drilling-work

Concerned that their credibility is at stake, European Union leaders are set Thursday to give the green light to the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus....

21. Cyprus, Greece and Jordan to step up cooperation

https://knews.kathimerini.com.cy/en/news/cyprus-greece-and-jordan-to-step-up-cooperation

Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....

22. Past week was the worst epidemiologically since outbreak

https://knews.kathimerini.com.cy/en/news/past-week-was-the-worst-epidemiologically-since-outbreak

Health minister Constantinos Ioannou was the bearer of unpleasant news on Tuesday, announcing that the current epidemiological situation doesn’t appear to leave room for the planned relaxation of measures from December 14....

23. FinMin confirms Cyprus won’t reinstate ‘golden passports’ scheme

https://knews.kathimerini.com.cy/en/news/finmin-confirms-cyprus-won-t-reinstate-‘golden-passports-scheme

Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...

24. State budget up in the air over golden passports

https://knews.kathimerini.com.cy/en/news/state-budget-up-in-the-air-over-golden-passports

Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...

25. Disconnect on ethical AI priorities between public and private sectors

https://knews.kathimerini.com.cy/en/business/disconnect-on-ethical-ai-priorities-between-public-and-private-sectors

In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...

26. KPMG survey shows biodiversity-related risk remains under-reported

https://knews.kathimerini.com.cy/en/business/kpmg-survey-shows-biodiversity-related-risk-remains-under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

27. Turkish exploration vessel back in port ahead of EU summit

https://knews.kathimerini.com.cy/en/news/turkish-exploration-vessel-back-in-port-ahead-of-eu-summit

Turkey’s seismic exploration vessel Oruc Reis returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc will evaluate possible sanctions against Ankara....

28. Cyprus makes last ditch effort to beat virus

https://knews.kathimerini.com.cy/en/news/cyprus-makes-last-ditch-effort-to-beat-virus

The latest measures against the spread of the coronavirus went into effect on Monday, including a night curfew across all districts, as calls for all citizens to be tested multiplied just before Christmas holidays...

29. France, EU lawmakers push for sanctions on Turkey next month

https://knews.kathimerini.com.cy/en/news/france-eu-lawmakers-push-for-sanctions-on-turkey-next-month

France is leading a push for European Union sanctions on Turkey next month to follow through on a threat made by the bloc in October, but has yet to win support from EU governments beyond Greece and Cyprus, officials and diplomats said. ...

30. This week to define next coronavirus measures

https://knews.kathimerini.com.cy/en/news/this-week-to-define-next-coronavirus-measures

The last week of November will be decisive, as its coronavirus figures will determine the next steps to be taken, both in terms of suggestions to be submitted by the government’s expert task force and government decisions....

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