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2221. Greece condemns Turkey’s drilling intentions in Cyprus’ EEZ

Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....

2222. Future for rescued refugees in north unknown

The fate of 175 Syrian refugees, trapped in the north of the island amid the coronavirus pandemic, remains unknown while a human rights group is calling on Greek Cypriot authorities to take them in...

2223. Cyprus to prepare three-stage coronavirus exit strategy

The Cabinet on Wednesday approved the island’s lockdown exit strategy, which foresees the resumption of the operation of vital sectors of the economy in early May....

2224. EU unveils virus exit roadmap, hoping to avoid more chaos

The European Union moved Wednesday to head off a chaotic and potentially disastrous easing of restrictions that are limiting the spread of the coronavirus, warning its 27 nations to move very cautiously as they return to normal life and base their actions on scientific advice....

2225. 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....

2226. 'We've learnt nothing' from euro crisis, ex EC president Juncker says

In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...

2227. ExxonMobil puts Cyprus plans on hold

ExxonMobil's crucial drilling plans to confirm a large gas deposit south of Cyprus have been put on hold, with a local media report citing delays due to the coronavirus pandemic...

2228. Supreme Court: public sector pay cuts during financial crisis constitutional

The Cyprus Supreme Court on Friday overturned earlier rulings by the Administrative Court, finding that cuts made to public sector employees’ salaries and pensions during the economic crisis of 2013 were in accordance with the Constitution....

2229. Government to spend €850m in direct support until June

The Cypriot government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to €849 million or 3.5% of GDP....

2230. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

2231. President: Lockdown measures extended until end of April

Lockdown and other measures in place to contain the coronavirus outbreak will be extended until April 30, with no exceptions to be made during the Orthodox Easter period, President Nicos Anastasiades said in his televised national address on Wednesday night....

2232. 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....

2233. Covid-19 death toll in Greece rises to 81

Greece’s coronavirus toll has risen to 81 with the death of a 42-year-old man in the northern port city of Thessaloniki and of an 84-year-old woman in Athens....

2234. Employers and Employees in the age of Covid-19: A looming battle

In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....

2235. 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....

2236. Tracking app promoted to combat pandemic

An EU-funded research centre in the Republic of Cyprus is calling on people to install a new app called CovTracer to help limit the spread of coronavirus, amid concerns regarding privacy and effectiveness of tracking applications...

2237. Israel-Cyprus medical cooperation and innovation in the time of coronavirus

The world’s population is currently facing a major crisis. Governments are taking drastic measures to curb the spread of the Coronavirus. The first priorities are to take preventive measures, to provide the best possible life saving medical care and to maximize the scientific capabilities to face the epidemic. Steps are taken also to minimize the economic impact....

2238. EU procures medical equipment worth €2.5m for Turkish Cypriot community

The EU has stepped up to assist the Turkish Cypriot community in its battle against coronavirus, procuring €2.5m worth of medical equipment and mobilizing 25 medical specialists who will be sent to the north for three months....

2239. 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...

2240. Tax alert: Cyprus

2241. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

2242. 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...

2243. 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....

2244. 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....

2245. 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....

2246. 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....

2247. 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....

2248. 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....

2249. President to address nation on coronavirus

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

2250. 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...