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1921. 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...

1922. Tax alert: Cyprus

1923. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

1924. EU leaders call for recovery plan

Cypriot President Nicos Anastasiades took part in a video conference with the EU leaders, as the bloc sought to find common ground on how best to share the burden...

1925. 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....

1926. North Cyprus bars entry to citizens from all countries, including Turkey

In a further escalation of measures amid the unfolding coronavirus health crisis, the north moved to bar entry from land, air, and sea, to all third country nationals, including Turkish nationals....

1927. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

1928. Elections in the north postponed for six months

Elections in the north that were set to take place in April have been postponed for six months amid mounting chain reactions of the coronavirus outbreak, Turkish Cypriot media reported on Tuesday....

1929. President: Partial lockdown of airports, schools to remain closed until April 10

President Nicos Anastasiades addressed the nation on Friday night after the week saw cumulative confirmations of coronavirus cases across the divide....

1930. Additional COVID-19 protection measures announced in the north

Turkish Cypriot ministers agreed on several additional coronavirus protection measures on Friday during their third emergency session on the unfolding pandemic....

1931. President to address nation on coronavirus

Cypriot president to announce social and economic measures to combat coronavirus spread before summer tourism...

1932. Coronavirus measures under scrutiny

Health measures rolled out on the island were the topic of conversation on Wednesday morning, as more people who came in contact with a Nicosia-based infected doctor tested negative for the coronavirus...

1933. Updated guidelines for arrivals from high-risk countries

Updated guidelines for travellers were issued on Tuesday afternoon by the Health Ministry, which bumped the UK from a Category 2 high-risk country to Category 3, reportedly due to fears of massive economic implications....

1934. The era of asymmetric threats

Kyriakos Mitsotakis would never have expected to star in a Greek edition of the perfect storm. Yet fate and events have put the Greek prime minister in charge of the country at a very crucial moment. He has shown determination in dealing with the migration/refugee issue, which has also bolstered his political image. The public was craving for a strong leader – a notion that was largely eclipsed by a sense of humiliation over the past 10 years....

1935. CEOs: Drop in Optimism and Reversal of Sentiment

1936. Cyprus Foreign Minister concludes first official visit to Skopje

Foreign Minister Nicos Christodoulides had by Wednesday night completed his round of talks in Skopje, where he held an official one-day visit to discuss a range of issues with his North Macedonian counterpart Nikola Dimitrov....

1937. FM in Skopje to discuss Cyprus, migration and East Med developments

The Foreign Minister of Cyprus, Nikos Christodoulides was on an official visit to North Macedonia on Wednesday to discuss the Cyprus issue, developments in the Eastern Mediterranean, migration and bilateral relations. ...

1938. Μeasures needed to curb flow of migrants through Green Line, Anastasiades tells Akinci

President of the Republic of Cyprus Nicos Anastasiades expressed grave concern about the “organised and increasing illegal flow of migrants through the Green Line” and told the Turkish Cypriot leader, Mustafa Akinci, that measures need to be taken. ...

1939. Cyprus says it cannot cope with migrant influx

The interior minister of the Republic of Cyprus says the island cannot host more “economic migrants” as another boatload of refugees arrived on Tuesday, clarifying that authorities would not send back those whose lives may be in danger...

1940. President says increasing migrant flows from Turkey distorting demographic

President Nicos Anastasiades expressed concern over the flow of immigrants from Turkey, which he said is an attempt to distort the demographic character of Cyprus....

1941. Guards use tear gas to disperse hundreds of migrants at Greek-Turkish border

Guards on Greece’s northeastern land border with Turkey made “deterrent use” of tear gas to disperse some 500 refugees and migrants trying to enter the country and the European Union after Ankara loosened controls on migrant flows....

1942. EU bans two Turks over drilling off Cyprus

The European Union has imposed sanctions on two Turkish nationals in connection with their company’s drilling activities off Cyprus...

1943. Support for solution widespread though many undecided, survey shows

Support for a solution remains strong, contact between Greek Cypriots and Turkish Cypriots is at its uppermost level and demand for economic contact between the two communities is high, the latest, the February 2020 Pulse survey showed....

1944. 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....

1945. Interior Minister talks migration, Cyprus investment program with EU officials in Brussels

Interior Minister Nicos Nouris informed the EU Commission’s Vice-President Margaritis Schoinas on Cyprus’ needs and the issues the country faces in dealing with the increased flow of migrants, ahead of the presentation of relevant proposals by the Commission next month....

1946. French frigate 'Auvergne' joins Cypriot- French search and rescue drill

Cyprus and France held a joint Search and Rescue (SAR) exercise on Tuesday off the coast of Cyprus, with the participation of SAR Units and personnel of the Republic of Cyprus and France. The French frigate 'Auvergne' also took part in the drill....

1947. Bulgaria wants in on EastMed energy cooperation

Bulgarian President Rumen Radev said on Tuesday that his country wishes to cooperate within the framework of the trilateral mechanism among Cyprus, Greece, and Israel in the energy field, adding that Bulgaria is geographically a natural continuation of these three countries....

1948. Nicosia stabbing sparks migration debate

Debate over crime and migration in the Republic of Cyprus was renewed this week following a video showing the moment a young man was killed in downtown Nicosia as well as statements by officials regarding foreigners on the island...

1949. Interior Minister in Brussels for meetings with European Commission on migration

Cyprus’ Minister of the Interior Nicos Nouris will be travelling to Brussels on Monday for a series of meetings with the senior leadership of the European Commission to discuss migration....

1950. Christodoulides talks Turkish activity in EEZ, Varosha with UNSG

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