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421. 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...

422. Microsoft plans $1 billion data center venture in Greece

Microsoft has announced plans to build three data centers in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been hammered by the pandemic....

423. The EU did not act in united fashion, Cyprus President tells Le Figaro

In an interview with the French daily Le Figaro published Thursday, President Nicos Anastasiades said that in responding Turkey’s actions in the eastern Mediterranean, the EU did not act in a decisive and united fashion, while refuting that Cyprus vetoed sanctions against Belarus....

424. UK, Swedish travel agents regaining confidence in Cyprus

Major travel agents from Britain and Sweden seem to be overcoming their reservations regarding the mandatory coronavirus test and are starting to bring tourists to Cyprus again, Transport Minister Yiannis Karousos said Friday, speaking before the Parliamentary Transport Committee....

425. Stern warning issued to Turkish vessel

Amid heightened tensions, Greek military sources have told Kathimerini that if cables of the Turkish Oruc Reis seismic research vessel touch the Greek continental shelf, Turkey will have the “complete and exclusive” responsibility for what will follow....

426. Presidents of Cyprus, Greece discuss escalating Turkish provocations

Cyprus President Nicos Anastasiades and Greece’s President Katerina Sakellaropoulou held their first meeting in Athens on Tuesday, focusing the discussion on Turkey’s actions in the region and the close ties between the two countries....

427. EU raises its bet on blood plasma in search for Covid-19 treatment

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc’s growing confidence in the experimental treatment....

428. 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.”...

429. Cyprus FM holds telephone conversation with new Iraqi FM

Cyprus Foreign Minister Nikos Christodoulides shared on Thursday a telephone conversation with the new Foreign Minister of Iraq Fuad Hussein...

430. Perdios: Cyprus expects just 30% of last year’s tourists

Cyprus expects to attract just 30% of the four million tourists that visited the island last year, deputy minister for tourism Savvas Perdios said, claiming that this year will without a doubt be very tough for the local tourism sector, but the epidemiological data of the island and countries from which it expects tourists will ultimately have the final say....

431. Cyprus, Greece to be Israeli tourists' first destination, Netanyhu says

Israeli Prime Minister Benjamin Netanyahu said on Tuesday he aims to resume regular flights to and from Israel by August 1, noting Greece and Cyprus will be the first destination for Israeli tourists....

432. Greek PM says Greece ready for any challenge

Amid renewed tensions with Turkey in the Eastern Mediterranean, Prime Minister Kyriakos Mitsotakis stressed on Wednesday that Greece “will face all challenges with consistency, stability, confidence and always with a commitment to international law, as it always does.”...

433. 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...

434. Empty middle seat? Depends on which country you are flying in

In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle seat open....

435. Migrant camp declared ‘local infected area’

Human rights advocates in the Republic of Cyprus are crying foul over the government's handling of asylum seekers at Pournara camp, after the health ministry declared the migrant centre a “local infected area” citing public health laws due to an infestation...

436. Companies in Cyprus ready for the new norm

CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...

437. Zero new cases 'a utopia', Health Minister says

There’s no perfect recipe that’s been implemented across the world to get out of the lockdown successfully, the Health Minister said Tuesday, noting that we shouldn’t be concerned that we haven’t seen days with zero new cases, as that would be “utopian”....

438. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

439. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

440. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

441. CEOs: Drop in Optimism and Reversal of Sentiment

442. Economic sentiment in Cyprus falls in February due to weaker business confidence in services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020....

443. Christodoulides talks Turkish activity in EEZ, Varosha with UNSG

Foreign Minister Nicos Christodoulides met with UN Secretary-General Antonio Guterres in Geneva on Monday....

444. Akinci brushes off Varosha talk as election gimmick, Anastasiades calls for bicommunal committee

Turkish Cypriot leader Mustafa Akinci has suggested that Varosha, a southern suburb of Famagusta that has been fenced off and abandoned since Turkey invaded northern Cyprus, is being used as an election gimmick, adding that he supports UN-backed efforts to reopen the ghost town....

445. Port authority crews reportedly harassed by Turkish coast guard off Kastelorizo

The Turkish coast guard reportedly harassed vessels of the Greek port Authority and military as they prepared on Tuesday to collect migrants and refugees on board a dinghy near the islet of Strongyli off the coast of the southeastern Aegean island of Kastelorizo....

446. Amid tension, Greece, Turkey hold military-to-military talks

A delegation of Turkish military officials is due in Athens to resume confidence-building talks amid tension between the two NATO members over maritime oil-and-gas drilling rights....

447. Athens drafts package to ease tension with Anakara

Athens plans to present a package of proposals to ease Aegean tensions in talks with Ankara on confidence building measures on February 17-21....

448. Greek Defence minister denies Erdogan's phone talk claims on Imia

Greek Defence Minister Nikos Panagiotopoulos rejected on Thursday claims by Turkish President Recep Tayyip Erdogan that he sent a message to Greece through Defence Minister Hulusi Akar not to make any “move” over the eastern Aegean islets of Imia, for which the two countries were brought to the brink of war twenty-four years ago....

449. Lagarde confident ECB will eventually buy Greek debt

The Greek economy continues to improve and chances are rising that the European Central Bank will eventually buy its debt under its asset purchase scheme, ECB President Christine Lagarde said on Thursday....

450. Greek, Turkish defense ministers hold telephone conversation ahead of NATO meeting

Greek Defense Minister Nikos Panagiotopoulos and his Turkish counterpart Hulusi Akar held a telephone conversation Wednesday ahead of the meeting of NATO ministers of defense in Brussels February 12-13, Kathimerini reports....