https://knews.kathimerini.com.cy/en/news/cabinet-approves-€250m-supplementary-pandemic-budget
The Cabinet on Wednesday approved a supplementary budget of €250 million to cover needs arising from the handling of the pandemic. ...
https://knews.kathimerini.com.cy/en/news/vaccinations-the-main-economic-tool-in-managing-covid-crisis
Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....
https://knews.kathimerini.com.cy/en/comment/opinion/property-valuations-and-uncertainty-clauses
Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...
https://knews.kathimerini.com.cy/en/news/health-minister-escorts-mother-to-get-az-jab
In a symbolic act of support for Cyprus’ decision to administer the AstraZeneca jab to all ages, Health Minister Constantinos Ioannou accompanied his mother on Tuesday to the Engomi vaccination centre where she got her first AstraZeneca shot.
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https://knews.kathimerini.com.cy/en/news/minister-grilled-over-digital-id-bill
Recent discussion on electronic signatures has reintroduced persistent challenges in the digital ID debate, with Cyprus’ innovation minister facing tough questions this week during a House committee hearing...
https://knews.kathimerini.com.cy/en/news/president-blames-cip-failure-on-recklessness
Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...
https://knews.kathimerini.com.cy/en/life/the-hidden-world-of-soil-and-why-we-need-to-protect-it
In the wake of the climate crisis over the last decades, we all talk about the state of the air we breathe and the quality of our water; both undoubtedly invaluable and essential to all life forms. However, we very often forget another key player; the part of Earth right under our feet, the soil....
https://knews.kathimerini.com.cy/en/news/cabinet-locked-into-partial-lockdown
A partial lockdown is expected to go into effect in the Republic of Cyprus some time after Friday, when the President’s Cabinet will decide on new measures to fight further spread of the coronavirus through the end of the month...
https://knews.kathimerini.com.cy/en/news/report-says-ministry-was-shuffling-papers
An initial redacted report on golden passports made public in the Republic of Cyprus on Tuesday painted a picture of an Interior Ministry serving as a “filing office” without ability to examine cases in any meaningful way, with opposition crying foul over the committees’ selective method...
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...
https://knews.kathimerini.com.cy/en/business/ey-cyprus-sponsors-3rd-anti-fraud-conference
EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...
https://knews.kathimerini.com.cy/en/news/police-warn-public-about-phony-atm-messages
Police in Cyprus are warning the public to be on the lookout for suspicious text messages, saying scammers pretending to be bank employees are trying to trick people by telling them their debit cards have been blocked and need to be reauthorized...
https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances
The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....
https://knews.kathimerini.com.cy/en/comment/opinion/obama-offers-piece-of-the-puzzle-in-greek-debt-crisis
Apart from providing key insights into a special (in many respects) presidency, Barack Obama’s memoir contains some very interesting references to the Greek debt crisis and the way in which the major European powers chose to deal with the situation....
https://knews.kathimerini.com.cy/en/business/ey-announces-the-win-of-three-2020-microsoft-global-partner-of-the-year-awards
https://knews.kathimerini.com.cy/en/news/expert-concerned-over-cases-at-private-hospitals-businesses
Member of the government’s health advisory committee Dr Petros Karayiannis raised the alarm on Friday over the large numbers of new coronavirus cases being detected among employees of private sector establishments such as hospitals, universities, banks, and companies....
https://knews.kathimerini.com.cy/en/news/antonis-polemitis-at-digital-agenda-cyprus-summit-2020
Mr. Polemitis has two decades of experience in higher education, private equity, and software development. He has a deep understanding of global higher education, having served as a CEO, investor, board member, instructor and technology developer in the field. He has been a principal or advisor for a broad range of corporate financings in the United States, Europe, Latin America and India, ranging from multi-billion dollar industrial buyouts to early stage venture capital. He has also led the development of high-scale cloud-based technology platforms in multiple industries....
https://knews.kathimerini.com.cy/en/news/fincen-files-cyprus-banks-embroiled-in-dirty-money-leak
Leaked documents from the Financial Crimes Enforcement Network, dubbed the FinCEN files, have revealed that several of the world’s major banks allowed over 200,000 suspicious financial transactions valued at around $2 trillion to be moved over a period of almost two decades, with 897 of those transactions made by Cypriot banks....
https://knews.kathimerini.com.cy/en/news/medicane-ianos-leaves-three-dead
Three people have died after Cyclone Ianos, a rare storm known as a medicane, battered Greece, flooding streets and homes, Greek authorities said on Sunday...
https://knews.kathimerini.com.cy/en/news/banks-must-prepare-for-a-new-cycle-of-npls-due-to-covid-19
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/business/kpmg-property-lending-barometer-2020
https://knews.kathimerini.com.cy/en/news/eu-set-to-sanction-turkey-over-ships-in-disputed-east-med-exploration-area
The European Union is preparing sanctions against Turkey that could be discussed at the bloc's next summit on September 24 in response to the Eastern Mediterranean dispute with Greece, the EU’s top diplomat said on Friday.
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https://knews.kathimerini.com.cy/en/comment/opinion/buyer-s-market-and-herd-immunity
The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...
https://knews.kathimerini.com.cy/en/news/cyprus-back-to-square-one
Wearing a mask in public indoor spaces will be mandatory in the Republic of Cyprus, following a government decision in response to concerns over a recent spike of coronavirus cases...
https://knews.kathimerini.com.cy/en/news/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.”...
https://knews.kathimerini.com.cy/en/news/market-sentiment-looking-up-finmin-says
Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....
https://knews.kathimerini.com.cy/en/news/the-market-needs-oxygen-finmin-says
The market needs oxygen, Finance Minister Constantinos Petrides said Monday, stressing that the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger....
https://knews.kathimerini.com.cy/en/news/police-checks-to-be-stepped-up-as-restrictions-loosen
Cyprus police won’t be easing up on checks as the island gradually begins to loosen restriction measures, on the contrary, patrols will be stepped up, the Chief of Police stressed....
https://knews.kathimerini.com.cy/en/news/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
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https://knews.kathimerini.com.cy/en/news/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....