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2761. 5G bidding process wraps up, first licences in January 2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

2762. 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...

2763. Police focus on Larnaca in passport probe

Police in Larnaca carried out searches on Tuesday in connection with an ongoing criminal probe into golden passports, with reports saying investigators were focusing on at least five persons of interest but were not calling them suspects...

2764. Cyprus parliament approves legislation for social enterprises

Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....

2765. Bishop vows to keep churches open

The Bishop of Morphou says he will keep churches in his diocese open to the public, contrary to the latest government measures, with the Metropolitan adding he is ready to face trial in a court of law...

2766. Tougher measures to affect schools and tutoring businesses

The tougher measures to come into effect on Friday will effect schools and after-school tutoring businesses....

2767. COVID-19 to disrupt holiday shopping plans

2768. Cyprus brings back tough measures

The Cypriot government on Wednesday announced additional measures to combat the spread of coronavirus, as Health Minister Constantinos Ioannou said extending current measures through New Year’s Eve was necessary due to a worsening situation...

2769. Disconnect on ethical AI priorities between public and private sectors

In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...

2770. 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...

2771. Cypriot police scolded again over spy van

The Supreme Court in the Republic of Cyprus has recalled an arrest warrant for Avraham Shahak Avni, a Jewish community leader who is implicated in the spy van probe, ruling that police had no reasonable basis to detain a man who had been otherwise cooperating with authorities from the get-go...

2772. Health ministry responds to questions on new measures

The health ministry on Monday responded to five questions regarding the new restriction measures that are to affect the island until mid-December....

2773. Government ups rhetoric against auditor

The Cypriot government hinted over the weekend it might refer the auditor general to the Supreme Court over “indecent” behaviour, after the audit office published yet another damning report alleging offences in a Cabinet decision to grant investor passports to individuals linked to a casino project without meeting the criteria...

2774. Customised solutions: Our expertise can help the hotel sector recover

APC Audit Tax Advisory Ltd and CITR Cyprus Ltd, have decided to join forces to offer a complete package of services to Cypriot Hoteliers, which will contain the vital innovative and customized solutions that are necessary, in order to properly deal with the evolving pandemic...

2775. New measures announced, 9pm curfew imposed islandwide

Health minister Constantinos Ioannou on Friday announced the Cabinet’s decisions on the new restrictions that will affect the Republic of Cyprus in December, with the starkest among them being an island-wide 9pm curfew....

2776. New court culture coming to Cyprus

The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...

2777. Cyprus braces for new coronavirus rules

The eagerly-awaited restriction measures that are to apply for December and the holiday period are to be announced by the heath minister during a press conference at noon on Thursday....

2778. Support schemes averted drastic rise in unemployment

The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, labour minister Zeta Emilianidou said Thursday....

2779. EU says first virus vaccinations possible by Christmas

A top European Union official said Wednesday that the first citizens in the 27 nation bloc could be vaccinated against the coronavirus by Christmas, but she warned that member countries must urgently prepare their logistical chains for the rollout of hundreds of millions of doses of the vaccines....

2780. Safe business and digitalisation in maritime

2781. 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...

2782. Cypriot gets vaccinated in Moscow

A business executive from Limassol living in Russia says he was given the Sputnik V shot for COVID-19, making him the first ever Cypriot known to have been vaccinated against the novel coronavirus...

2783. Trump okays Biden transition

After weeks of waiting, President Donald Trump’s administration on Monday cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results...

2784. Cyprus, Slovakia FMs discuss Turkey's regional behaviour

Turkey’s escalating provocations in relation to Varosha, as well as in Cyprus’s EEZ and maritime zones, were the focus of discussions in Nicosia on Monday between the Cyprus Foreign Minister Nicos Christodoulides and the Minister of Foreign and European Affairs of the Slovak Republic Ivan Korcok....

2785. Protesters defy ban on peaceful assembly

Harsh words against the police and a handful of arrests marred the weekend in Paphos and Limassol, after small numbers of protesters and riot police came face to face on Saturday over the right to protest in public...

2786. Israeli medical complex coming to Cyprus

A huge undertaking in Cyprus’ medical industry has been announced, with a local company saying they reached an agreement with Israel’s Hadassah Medical to set up a network of hospitals offering diagnostic, rehabilitative, and assisted living care on the island...

2787. 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....

2788. 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...

2789. Highways clog as authorities issue travel ban specifics

The health ministry on Friday clarified that 12 categories of people are exempted from the travel ban enforced on the Limassol and Paphos districts until the end of the month, but said that as of next Wednesday, November 18, each person wanting to get through the roadblocks will have to show proof of a negative coronavirus test taken no more than seven days prior....

2790. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...