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2701. Pfizer, BioNTech say their Covid-19 vaccine is more than 90% effective

Pfizer Inc on Monday said its experimental vaccine was more than 90% effective in preventing Covid-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life....

2702. Government unleashes new bundle of support measures

Along with the new restrictions imposed to curb the recent spike in coronavirus cases, the labour minister Zeta Emilianidou said Thursday that the Cyprus government agreed on a new batch of support measures budgeted between 130 and 150 million euros....

2703. Cyprus tightens restrictions, imposes 11pm curfew

In a national address on Wednesday night, the Cyprus President Nicos Anastasiades said the government was obliged to take tough decisions for stricter measures as the island was no exception to Europe’s second coronavirus wave, before the health minister stepped in to outline the new measures that come into effect on Thursday....

2704. COVID-19 calls for digital technology investments in oil and gas

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey...

2705. Zara's online store in Cyprus goes live today

Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business....

2706. Over 200,000 tonnes of plastic leaking into the Mediterranean each year

A new IUCN (International Union for Conservation of Nature) report finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year, equivalent to over 500 shipping containers each day. Unless significant measures are taken to address mismanaged waste, the main source of the leakage, this will at least double by 2040. ...

2707. 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...

2708.  EY announces the win of three 2020 Microsoft Global Partner of the Year Awards

2709. Police fire shot after graffiti arrest

A police officer fired a warning shot on Monday night in Limassol, after a gang of hooded young men tried to interfere with a graffiti-related arrest...

2710. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

2711. 5G wars over Cyprus rage on

The Chinese Embassy in Cyprus accused Washington over the weekend of “openly coercing” Nicosia and other allies into keeping out Chinese companies in setting up 5G networks...

2712. Attorney General calls Auditor ‘to order’

Cypriot Attorney General George Savvides issued a stern warning on Saturday, calling to order the state’s auditor general over his insistence on examining specific golden passport case files linked to a casino project on the island...

2713. 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....

2714. MPs reject dissolution of parliament amid passports scandal

After officially electing AKEL MP Adamos Adamou as the new House President following the resignation of Demetris Syllouris amid intense backlash against his involvement in the recent golden passports scandal, MPs on Thursday debated on whether parliament should be dissolved making way for early elections, with the proposal eventually rejected with 26 votes in favour and 30 against....

2715. Cyprus turns back clock this weekend

People in Cyprus will get an extra hour of sleep Sunday morning, as clocks will fall back to winter time on Saturday after midnight, marking the end of Daylight Saving Time...

2716. Cyprus tightens restrictions as virus flares

The health ministry tightened its grip on the island in a bid to slow down the recent extreme flare-up of the virus that has sent daily new cases into three-digit numbers....

2717.  KPMG's Vasiliou first Chairman of Cyprus-Australia Business Association

The Cyprus Chamber of Commerce and Industry (CCCI) announced the launch of the Cyprus - Australia Business Association, aiming to further promote, expand and encourage business relations between Cyprus and Australia...

2718. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

2719. 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...

2720. EY and P&G expand COVID-19 alliance

EY announces an expanded alliance with P&G to transform and build supply chain resilience during and beyond the COVID-19 pandemic...

2721. 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....

2722. Syllouris accepts waiving of his parliamentary immunity

President of the Cyprus Parliament Demetris Syllouris said Wednesday that he won’t stand in the way of his parliamentary immunity being waved to accommodate a probe launched by local police after a fresh batch of Al Jazeera allegations situated him at the epicentre of a massive corruption scandal involving the island’s golden passports scheme....

2723. Number of new Covid cases way above acceptable levels

The number of new coronavirus cases being detected on a daily basis has gone way above the acceptable epidemiological levels set by the coronavirus task force, a member of the team Constantinos Tsioutis said Tuesday, noting that the figure recorded on Monday was the second highest in Cyprus since the outbreak of the pandemic....

2724. Commission slams Cyprus over passports, mulls infringement procedures

The European Commission expressed “disbelief” over new revelations concerning Cyprus’ investment for citizenship scheme, saying that the body is looking into infringement procedures for Nicosia. ...

2725. 41 new coronavirus cases detected in Cyprus

41 new coronavirus cases were detected in the Republic of Cyprus on Monday, a concerning figure for local standards....

2726. Emergency restriction measures on Nicosia, Limassol districts

Emergency restriction measures are to be imposed on the Nicosia and Limassol districts on Tuesday in response to the climbing figure of new coronavirus cases being detected, mainly at workplaces and after family gatherings....

2727. Al Jazeera strikes again at Cyprus Papers

Al Jazeera’s investigative unit struck again on Monday with new Cyprus Papers material, involving a report accompanied by a one-hour video depicting undercover reporters who visited Cyprus and posed as representatives of an imaginary ultrarich investor, Mr X, who was convicted for palm-greasing and money laundering, to ‘test’ whether local authorities would still be willing accept his hefty investment and provide him with Cypriot citizenship....

2728. Government okays schemes tackling unemployment

The Cabinet on Wednesday approved three new schemes aiming to motivate the hiring of unemployed persons, ex-convicts, and youth, budgeted at €31 million....

2729. EY TaxLegi: tax and legal insights and perspectives provided by EY Cyprus

EY Cyprus is pleased to announce the launch of TaxLegi, a specialised monthly newsletter (blog) that provides insights and EY perspectives mainly on Tax and Legal aspects, utilising both current news and blog articles produced by our Tax and Legal team...

2730. Passport revocation inquiries move forward

Cypriot authorities have identified seven individuals or foreign investors who could potentially be stripped of their Cypriot citizenship, after an internal probe pointed to forged documents or misleading information during the golden passport application process...