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1201. KPMG Property Lending Barometer 2020

1202. Cyprus to draw over €2.7b from EU pandemic recovery fund

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....

1203. Tseriou Avenue revamp plans picking up speed

1204. 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.”...

1205. Suspects go ballistic in police station

Police say two men arrested on suspicion of theft were taken to a Paphos station where they ended up cursing at officers and destroying property...

1206. Global coronavirus cases top 10 million; deaths surge past 500,000

The world surpassed two sobering coronavirus milestones Sunday -- 500,000 confirmed deaths, 10 million confirmed cases -- and hit another high mark for daily new infections as governments that attempted reopenings continued to backtrack and warn that worse news could be yet to come....

1207. Group of five accused of using fake bills

A Paphos judge has ordered five people remanded in custody for six days after police prosecutors said the group was suspected of looting and trying to pass fake bills...

1208. Cyprus shrunk prison population by 16% as Covid-19 prevention, report shows

Cyprus was among the Council of Europe’s member states that marked the largest decrease in prison population rates during the coronavirus pandemic, a special report on the impact of lockdowns on EU prison populations that was published Thursday showed....

1209. Cyprus human egg trade market returns to spotlight

The illegal trade of human eggs in Cyprus returned to the limelight during this week’s House human rights committee, with MPs expressing concern over a growing market in which female students are prime targets....

1210. Post-lockdown jump in coronavirus cases rattles Turkish officials

Turkey may have to adopt a harder line on social interactions following a worrying jump in coronavirus infections but it has no plans to reverse an easing of lockdown restrictions aimed at reviving the economy, officials say....

1211. Student and detainee two of three new coronavirus cases

A Health Ministry announcement confirmed that three new coronavirus cases emerged on Tuesday after 1,473 samples were checked for the virus....

1212. 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....

1213. Tensions mount over plans for high-rises on iconic Nicosia street

After tensions mounted in recent days over plans for the construction of a high-rise building complex on the iconic Gladstone Street in central Nicosia which hosts historic and traditional listed buildings, the developers of the planned construction fired back on Monday, claiming the plans are in line with the town planning regulations of the Nicosia Master Plan....

1214. 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...

1215. 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....

1216. 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....

1217. WHO: Coronavirus likely of bat origin, no sign of lab production

The World Health Organization (WHO) said on Tuesday that all available evidence suggests the novel coronavirus originated in animals in China late last year and was not manipulated or produced in a laboratory....

1218. Collective efforts paying off as 15 new COVID-19 cases announced

Coronavirus cases in the Republic of Cyprus reached 750 on Friday after the Health Ministry confirmed that 15 more had tested positive....

1219. EU says coronavirus tracking apps should avoid storing data on servers

Mobile apps to track coronavirus cases in Europe should keep as much data as possible on the user’s device rather than in a central server to best maintain individual privacy, an EU document says....

1220. Police break up soccer match downtown

Four males from Cameroon were arrested on Tuesday in old Nicosia after police attempted to break up a soccer match, while two detainees were also accused of assaulting an officer and resisting arrest...

1221. Government funds not unlimited, Finance Minister warns

Finance Minister Constantinos Petrides said Monday that the government does not have unlimited funds with which to support the local economy during these tough times....

1222. Elderly in retirement homes at risk of contracting virus through nurses

The island’s third-age observatory raised the alarm on Friday over the risks of coronavirus infection faced by the elderly in retirement homes who are treated by nurses who also work at public hospitals, which are predominantly dealing with coronavirus cases, and which have also been central targets of the virus outbreak....

1223. Over 23,000 applications filed for suspension of loan payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

1224. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

1225. Private hospitals armour up with COVID-19 protection measures

Private hospitals are taking extensive precautions for the protection of patients and staff amid the unfolding coronavirus outbreak, the head of the private hospitals association PASIN, Savvas Kadis, said on Friday....

1226. PHOTO GALLERY: Athens streets deserted during lockdown

Deserted squares, padlocked parks, empty avenues where lines of cars once idled bumper-to-bumper in traffic as motorbikes and scooters zoomed through the narrow gaps between. The Greek capital, Athens, like so many cities across the world, has seen its streets empty under a lockdown designed to stem the spread of the new coronavirus....

1227. Cabinet approves bills to decongest Central Prisons amid COVID-19 fears

Measures to decompress the overcrowded Nicosia central prisons where the risks associated with a potential spread of coronavirus are high were approved on Tuesday by the Cabinet....

1228. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

1229. Now is the time for remote and online payments

For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing...

1230. Quarantined Turkish Cypriots cross north

Two Turkish Cypriot students who were quarantined in the south after traveling amid the coronavirus pandemic have been transferred to the north, putting to the test the levels of cooperation between the two sides on the divided island...