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1591. Over 23,000 applications filed for suspension of loan payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

1592. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

1593. PHOTO GALLERY: Athens streets deserted during lockdown

Deserted squares, padlocked parks, empty avenues where lines of cars once idled bumper-to-bumper in traffic as motorbikes and scooters zoomed through the narrow gaps between. The Greek capital, Athens, like so many cities across the world, has seen its streets empty under a lockdown designed to stem the spread of the new coronavirus....

1594. Coronavirus’ impact on local businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

1595. Cyprus gets tougher with stricter bundle of measures

Stricter measures to contain the spread of coronavirus were announced by the Health Minister on Monday as the island scrambles to curb the steadily rising deaths and infections....

1596. EU leaders call for recovery plan

Cypriot President Nicos Anastasiades took part in a video conference with the EU leaders, as the bloc sought to find common ground on how best to share the burden...

1597. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

1598. SMS service 8998 back online

The SMS service 8998 was once again up and running on Thursday morning, with replies sent back almost instantaneously in both Greek and English...

1599. Persons travelling for permitted reasons to fill in a form or send SMS

During the partial curfew to be enforced at 6pm on Tuesday for three weeks, those wishing to leave their home or shelter for any of the reasons falling under the exceptions to the travel restriction must either fill in a special form or send a text message to 8998....

1600. President: Unnecessary travel strictly prohibited, violators to be fined

Addressing the nation on Monday night for the second time since the coronavirus pandemic broke out in Cyprus in early March, President Nicos Anastasiades announced that all unnecessary travel will be banned as of 6pm on Tuesday until April 13....

1601. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

1602. Greece shuts down to beat pandemic

In a televised address to the nation on Sunday evening, Prime Minister Kyriakos Mitsotakis announced a full lockdown, starting from 6 a.m on Monday, aimed at curbing the further spread of the coronavirus...

1603. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

1604. Main hospitals partially resume operations, blood banks low

The island’s two main hospitals partially resumed operations on Thursday when coronavirus cases rose to seven after a person who recently returned from the UK tested positive....

1605. Alpha Bank supports Cyprus Association of Kidney Patients’ Friends

1606. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

1607. Guards use tear gas to disperse hundreds of migrants at Greek-Turkish border

Guards on Greece’s northeastern land border with Turkey made “deterrent use” of tear gas to disperse some 500 refugees and migrants trying to enter the country and the European Union after Ankara loosened controls on migrant flows....

1608. Support for solution widespread though many undecided, survey shows

Support for a solution remains strong, contact between Greek Cypriots and Turkish Cypriots is at its uppermost level and demand for economic contact between the two communities is high, the latest, the February 2020 Pulse survey showed....

1609. InvestCyprus creates specialized unit to help achieve 2030 tourist targets

InvestCyprus, the island’s organization responsible for attracting foreign direct investment, announced the creation of a specialized unit in a bid to facilitate efforts to achieve Cyprus’ National Tourist Strategy for 2030, which aims at attracting 5 million tourists by 2030....

1610. Bank of Cyprus 'Best Bank for Private Banking'

Bank of Cyprus has been named as the “Best Bank for Private Banking” in Cyprus by the internationally reputable magazine “Euromoney”, for the 5th consecutive year...

1611. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

1612. End of 2019 sees historic high in investment funds assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

1613. 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....

1614. Α defeat in the Cyprus Courts for Promsvyazbank

Clients of the Russian bank Promsvyazbank, which maintained a branch in Cyprus until the Central Bank revoked its license, won a small victory over the bank by bringing the case to court in Cyprus...

1615. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

1616. Cyprus a central hub of European match-fixing network

An extensive and revealing report published in the Spanish news outfit El Confidencial identified Cyprus match-fixing as a central hub of European football corruption....

1617. EIB President in Cyprus to discuss bank’s investment in the country

The European Investment Bank (EIB) President, Werner Hoyer, was in Cyprus on Monday to update President Nicos Anastasiades on recent and future investment on the island, and to review improvements the education sector which has enjoyed significant ECB investment....

1618. Banks must find new profitable products, CBC Governor says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

1619. Woman gets seven years in white collar crime

A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...

1620. House President continues contacts in Australia

President of the House of Representatives Demetris Syllouris continued his contacts in Australia, in the framework of an official visit heading a parliamentary delegation, during which he discussed the Cyprus issue, developments in the Eastern Mediterranean, Turkey’s military operations, avoiding double taxation, and bilateral cooperation. ...