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1771. Finance minister makes the case for Cyprus

Finance Minister Constantinos Petrides is confident the tourism industry in the Republic of Cyprus won’t have a catastrophic year following the pandemic, while calling on Europe to step up its recovery plan equally across the board...

1772. 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....

1773. SpaceX delivers two NASA astronauts to ISS

Nearly 24 hours after launching from Florida, SpaceX’s Crew Dragon capsule delivered NASA astronauts Bob Behnken and Doug Hurley to the International Space Station on Sunday, marking the first US space capsule to do so with a crew since 2011...

1774. Cyprus scores Wizz Air base in Larnaca

Cypriot aviation scored a big win this week after Wizz Air said it would turn Larnaca airport into a base, as the island is trying to restore connectivity and the airline industry going through a hygiene makeover...

1775. 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....

1776. Cyprus expects 600,000 tourists by August

The island is expected to receive some 600,000 passengers in August, Transport Minister Yiannis Karousos said Thursday, noting that this estimation includes people flying in on commercial and private planes....

1777. Cypriot cabinet approves EastMed pipeline

Cyprus’ cabinet on Thursday ratified a bill on the EastMed gas pipeline project, the country’s Energy Minister Giorgos Lakkotrypis said in a statement. ...

1778. Cyprus to foot the bill for infected tourists

The Republic of Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation...

1779. 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...

1780. 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....

1781. Greece to welcome Germans, Cypriots, Israelis in first wave of visitors

Greece will allow travelers from around two dozen countries including Germany, Cyprus and Israel to visit from mid-June without having to be quarantined, government officials said, part of a gradual easing of coronavirus lockdown restrictions....

1782. Cyprus to get €2.5 billion, EU Commission proposal says

The European Commission will propose on Wednesday that Cyprus gets €1.433 billion of the new recovery fund, and €2.52 billion in total....

1783. Sir Stelios wages battle against board

EasyJet founder Sir Stelios Haji-Ioannou had some harsh words to say about the company’s finance director, with the Greek Cypriot billionaire renewing his call to whistleblowers to help with useful information to scrap an Airbus deal...

1784. Cabinet approves bill imposing steep rise in penalties for decree violations

The Cabinet on Friday approved a bill seeking to see penalties for violations of coronavirus measures skyrocket, as part of government efforts to increase deterrents to disregarding decrees and regulations under the Quarantine Law as the island gradually returns to normality....

1785. House passes bills mitigating pandemic repercussions

The House on Friday approved a wide array of bills, passing into law a wide array of bills seeking to keep Cyprus afloat as it is making its way through the first wave of the coronavirus pandemic....

1786. 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. ...

1787. Cabinet scraps bill for government loan guarantees

The Cabinet on Tuesday withdrew a bill that would allow the government to provide guarantees for loans to be given to businesses affected by the coronavirus pandemic....

1788. 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....

1789. EU pushes to unlock borders as coronavirus ravages travel

1790. The crisis is here and should not be underestimated, FinMin warns parties

As political parties continue to quarrel over a bill seeking to release government funds as guarantees for loans to businesses hit affected by the coronavirus outbreak, Cyprus Minister of Finance Constantinos Petrides warned that “the crisis is here and should not be underestimated.”...

1791. Hellenic Bank sells its most expensive home

Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...

1792. 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....

1793. 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....

1794. Cabinet approves new bundle of support measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

1795. Man charged in Rottie death in Limassol

Police are investigating the death of a Rottweiler days after she was found injured inside a trash can in Limassol, while a local man has been charged in connection with the case...

1796. Greece pledges €3m, Cyprus €200,000 to Covid-19 vaccine fundraiser

Greece is among dozens of nations that will help bankroll research into new treatments and a vaccination against the deadly novel coronavirus, pledging 3 million euros to the cause during a fundraising event on Monday....

1797. 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....

1798. Anti-vaxxer arrested over threats against expert

A local man in Nicosia was arrested on Wednesday after renowned virology professor Leondios Kostrikis told police he had received threatening voice messages...

1799. 'Better Days Are Coming' campaign calls on tourists to visit Cyprus

A new campaign launched by the Deputy Tourism Ministry promises that ‘Better Days Are Coming’, calling on tourists to begin making plans to visit Cyprus, where idyllic landscapes and crystal clear seas will be waiting to greet them....

1800. 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...