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1051. COVID-19 is adding new impetus to finance transformation

1052. Police lose state fraud case in Limassol

Defendants in Limassol’s case involving an alleged scam with food stamps and housing vouchers for homeless persons walked free this week, after prosecutors said they were unable to bring witnesses forward to testify in court...

1053. 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...

1054. Cypriot president gets vaccine

Cypriot President Nicos Anastasiades received on Monday his first of two doses of the COVID19 vaccine at a suburb of Nicosia, calling on vaccine doubters and deniers to come on board...

1055. 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. ...

1056. 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...

1057. Increase in Covid-19 genetic material detected in wastewater

An increase in the genetic material of the new coronavirus was recorded in the analysis of urban wastewater of the Sewerage Board of Limassol-Amathus (SBLA) which was done in collaboration with the International Water Research Center "NIREAS" of the University of Cyprus. The aim of the cooperation is to develop a reliable early warning system regarding the degree of the Covid-19 spread....

1058. Anti-vaxxers clash with police in Nicosia

Riot police clashed with protesters in west Nicosia on Thursday, where a demonstration took place against vaccinations and health restrictions imposed by the government...

1059. Cyprus revises travel rules for vaccinated passengers

An inter-ministerial committee set up to spearhead the gradual resumption of flights agreed on an updated action plan on Thursday that allows those passengers who have been vaccinated against coronavirus to be exempted from the requirement of showing proof of a negative test....

1060. 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...

1061. Cyprus struggles to regulate lobbying

Debate on a legislation proposal that would regulate lobbying in the Republic of Cyprus will continue next year, when parliamentary elections will be in full swing, after the justice ministry introduced amendments to reconcile transparency rules with realities of politicking on the island...

1062. 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. ...

1063. Erdogan says Greeks behind raid on ship

Turkey’s President Recep Tayyip Erdogan Wednesday suggested Greece and Cyprus were behind the interception of a Turkish vessel by German soldiers on behalf of a European Union mission off the Libyan coast late Sunday...

1064. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

1065. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

1066. Moderna’s coronavirus vaccine nearly 95% effective, early data shows

For the second time this month, there’s promising news from a Covid-19 vaccine candidate: Moderna said Monday its shots provide strong protection, a dash of hope against the grim backdrop of coronavirus surges in the US and around the world. ...

1067. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

1068. Deadly collision at sea off Turkish coast

Five people on board a Turkish fishing boat were killed after a collision with a Greek-flagged tanker off Turkey’s Mediterranean coast...

1069. Man dies in gliding accident

A man was killed in an aviation accident in Nicosia district on Thursday, with reports saying he went into a free fall after experiencing difficulties with his paramotor glider...

1070. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

1071. Megatrends that will shape the future

EY’s recent report, Megatrends 2020 and beyond, examines the new "megatrends", the forces that created them and their potential impact...

1072. Michalis Persianis at Digital Agenda Cyprus Summit 2020

Michalis Persianis has been Corporate Affairs Director at Bank of Cyprus since 2015. ...

1073. Leonidas A. Phylactou at Digital Agenda Cyprus Summit 2020

1074. 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....

1075. Largest ever deployment of Royal Navy ships to Cyprus

In a “demonstration of the breadth of the UK-Cyprus defence relationship,” HMS Albion, the Royal Navy’s flagship, will participate in an extensive programme of exercises and training with Cypriot forces throughout October and November. ...

1076. Probe launched against Al Jazeera operation

The state attorney ordered a probe following a complaint filed by high-profile Cypriot officials targeted by an Al Jazeera secret investigation on corruption, with members of the public outraged as more shocking revelations emerged in a new Cyprus Papers video...

1077. Infected traveler located abroad

The health ministry’s hunt for a coronavirus-infected traveller who was nowhere to be found wrapped up on Monday after authorities confirmed that she had already flown back home, placing an unknown number of people in danger....

1078. Let’s keep Akamas clean

This year, for the 6th consecutive year, the action #Akamascleanup, an initiative of “Kathimerini” newspaper, Alphamega supermarkets, and Latchi Watersports, was crowned an absolute success....

1079. What Berlin made clear to Nicosia

German officials coordinating with Nicosia, after the Republic of Cyprus told the foreign affairs council that it would use its veto power if sanctions against Belarus are not linked with those against Turkey, said that the prospect of sanctions against Turkey is a distant scenario....

1080. Week begins with weather roller coaster

A warm air mass moving across Cyprus will stick around this week with temperature highs reaching 40 degrees on Tuesday, with a noticeable drop expected the following day in half of the island and further cooling for the rest of the week...