https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-spikes-to-€24-5-billion-due-to-covid-19-crisis
Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/repair-and-prepare-eu-unveils-€750-bln-plan-for-coronavirus-recovery
The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro....
https://knews.kathimerini.com.cy/en/news/greek-economy-to-get-multi-billion-euro-lifeline
Prime Minister Kyriakos Mitsotakis will announce steps to revive the economy in a televised address on Wednesday. These steps will be mainly focused on tourism but will also concern other sectors affected by the coronavirus pandemic. ...
https://knews.kathimerini.com.cy/en/news/coronavirus-picture-remains-positive-as-island-braces-for-phase-two
Cyprus maintained its streak of minimal new coronavirus cases on Tuesday, as just one new case was announced two days before the initiation of the second phase of the relaxation of measures that will see restrictions on movement lifted....
https://knews.kathimerini.com.cy/en/news/eurozone-set-for-record-recession-eu-commission-warns
The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....
https://knews.kathimerini.com.cy/en/news/drilling-activities-in-cyprus-eez-postponed-until-2021
After ExxonMobil recently postponed drillings scheduled for 2020 in the Cyprus Exclusive Economic Zone (EEZ), the Italian-French ENI-TOTAL drilling consortium followed suit, it emerged on Monday....
https://knews.kathimerini.com.cy/en/news/exit-roadmap-foresees-economy-on-recovery-path-by-q3-2020
Finance Minister Constantinos Petrides said Thursday that the government’s lockdown exit roadmap, aspects of which were presented by the President on Wednesday night, aims to see the island’s economy on the path of recovery by the fourth quarter of this year....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/energy-company-proposes-installation-of-an-frsu-in-cyprus
Oslo-based company Hoegh LNG confirmed Friday it has submitted a proposal for the installation of a Floating Storage Regasification Unit (FRSU) in Cyprus and has sent letters to top government officials outlining its benefits....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/cyprus-to-prepare-three-stage-coronavirus-exit-strategy
The Cabinet on Wednesday approved the island’s lockdown exit strategy, which foresees the resumption of the operation of vital sectors of the economy in early May....
https://knews.kathimerini.com.cy/en/news/we-ve-learnt-nothing-from-euro-crisis-ex-ec-president-juncker-says
In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...
https://knews.kathimerini.com.cy/en/news/exxonmobil-puts-cyprus-plans-on-hold
ExxonMobil's crucial drilling plans to confirm a large gas deposit south of Cyprus have been put on hold, with a local media report citing delays due to the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis
This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....
https://knews.kathimerini.com.cy/en/news/cyprus-okays-drugs-with-one-big-caveat
The Cypriot health minister says a special committee is moving forward with procedures to make drugs available against the COVID-19 disease, while warning that no medicines have been approved for treatment of the novel coronavirus...
https://knews.kathimerini.com.cy/en/news/clocks-move-forward-this-weekend
Daylight Saving Time went into effect on Sunday in Cyprus as public opinion around the world still remains divided on whether there is value in switching back and forth...
https://knews.kathimerini.com.cy/en/news/eurovision-2020-cancelled-amid-covid-19-pandemic
The 2020 Eurovision Song Contest has become the latest high profile cultural event to be hit by the coronavirus pandemic, with the annual song competition delayed until 2021....
https://knews.kathimerini.com.cy/en/news/greek-pm-meets-with-five-eu-leaders-over-bloc-s-budget
Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....
https://knews.kathimerini.com.cy/en/news/summit-standoff-as-eu-leaders-grapple-with-brexit-sized-hole-in-budget
EU leaders made no headway on Thursday in fractious talks on a joint 2021-27 budget that was left with a 75 billion-euro (62.9 billion pounds) hole after Britain’s departure at a time when they face costly new challenges from climate change to migration....
https://knews.kathimerini.com.cy/en/news/controversial-plans-for-new-quarry-halted
A meeting held at the Environment Ministry on Thursday put an end to controversial plans to create a quarry zone in the Larnaca District, after civil society raised a ruckus over the thousands of trees that would need to be axed to make way for the quarry....
https://knews.kathimerini.com.cy/en/news/new-brexit-immigration-system-to-favour-high-skilled-workers
Britain will prioritize access for high-skilled workers from around the world in its post-Brexit points-based immigration system, the government said on Tuesday, setting out its plans to put an end to a reliance on “cheap labor from Europe”....
https://knews.kathimerini.com.cy/en/news/cyprus-econ-council-begins-work-on-future-sustainable-growth-blueprint
The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....
https://knews.kathimerini.com.cy/en/news/cyprus-golden-passports-scheme-a-laundering-risk-says-watchdog
A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...
https://knews.kathimerini.com.cy/en/news/european-commission-to-stamp-out-illegal-pet-trade
The European Commission will boost efforts to stamp out the illegal trade in pets, particularly cats and dogs, in the EU, the Commissioner for Health and Food Safety, Stella Kyriakides said....
https://knews.kathimerini.com.cy/en/news/british-high-commission-replies-to-british-expats-faq
The British High Commission in Cyprus compiled and replied to some of the most frequently asked questions by UK nationals in Cyprus, providing further clarity on what British expats living on the island can expect post-Brexit. ...
https://knews.kathimerini.com.cy/en/business/book-your-wedding-day-celebrates-10k-milestone
Global pioneering wedding tourism platform BookYourWeddingDay.com reached a significant milestone on Sunday, February 2nd2020, having received its 10,000thwedding booking since its launch!...
https://knews.kathimerini.com.cy/en/news/greek-pm-meeting-with-macron-in-paris
Greek Prime Minister Kyriakos Mitsotakis has arrived in Paris for talks with French President Emmanuel Macron at the Elysee Palace.
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https://knews.kathimerini.com.cy/en/news/eu-tells-uk-it-will-never-never-never-compromise-on-single-market
The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving....
