Search

601. ECOMMBX and friends take immediate action to help wildfire victims

Without any second thoughts ECOMMBX, ECOMMPAY and other fintech/ IT/ Technology companies, members of Techisland community, cojoined forces to raise a total of €900.000 for immediate and short-term relief measures. ...

602. EU chief visits Cyprus after deadly fire

European Commission President Ursula von der Leyen is on a visit to Cyprus to boost post-pandemic recovery efforts, but the EU chief also grabbed an opportunity to tell a local community affected by last weekend’s deadly fire that Europe was at their side...

603. Cyprus awaits endorsement during Ursula visit

European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...

604. Cyprus readies gratitude gift bag for vaccinated

New measures to reward vaccinated citizens in the Republic of Cyprus are to be decided in a Cabinet meeting on Friday following a sevenfold increase in daily COVID cases, with the government seeking ways to punish those who refuse to get the jab...

605. Ruling party wins as largest parties shrink

The ruling conservative party in the Republic of Cyprus came on top following Sunday’s parliamentary elections, but DYSI along with leftist AKEL, the two mainstream parties, both saw many supporters choosing smaller tickets...

606. EastMed faces another challenge next week

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to a draft document...

607. EU ready to claw back stolen funds

The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...

608. Cyprus to give Greek ferry link another go

The Republic of Cyprus will make a new attempt to establish a maritime connection between the island and Greece, with officials saying amended plans tailored to seasonal schedules have been approved by the EU...

609. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

610. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

611. Minister warns House over crucial EU money

Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...

612. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

613. Islandwide rollout of 'pay as you throw' programme in 2022

The ‘pay as you throw’ programme is expected to be rolled out across Cyprus next year, President Nicos Anastasiades said Wednesday....

614. Cyprus rejects EU draft on Turkey which seeks to deepen trade ties

Cyprus has rejected a draft prepared for a summit of EU leaders this week which seeks to deepen trade ties with Turkey, describing it as “totally unacceptable.” ...

615. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

616. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

617. Anastasiades joins EUCO summit prep with EU leaders

President Nicos Anastasiades participated on Tuesday in a teleconference with the President of the European Council and EU heads of state and government, in preparation for the extraordinary European Council summit to take place online on February 25-26. ...

618. Brussels concerned over Pournara refugees

The Republic of Cyprus’ handling of asylum seekers at Pournara camp remains on Brussels’ radar, with a host of different challenges raising questions over how the European Union and some member states can get on the same page without resorting to legal battles...

619. Oktay: Forget any bargaining over Varosha

620. Ferry link hopes end with a whimper

Shipping transport companies remained unconvinced over Cyprus’ effort to revive and subsidize a ferry link with Greece, with the government going back to the drawing board after no bidders came forward by Friday’s deadline...

621. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

622. Dueling small parties help pass budget

The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...

623. MPs vote on budget hanging by a thread

The House takes another vote on the state budget on Thursday, with representatives expected to pass the bill narrowly following behind-the-scenes consultations since the first time it was rejected in mid-December...

624. Biden rolls back Trump policies on Day One

US President Joe Biden on Wednesday began signing 15 executive actions addressing the coronavirus pandemic, climate change and racial inequality, and undoing some policies put in place by his predecessor Donald Trump...

625. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

626. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

627. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

628. Parliament votes state budget down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

629. Cyprus’ migrant camp way over capacity

The overcrowding situation with refugees and asylum seekers at Pournara camp was back in the news, following an unannounced visit by the state’s Ombudswoman who said she saw some improvements but also some problems still not being addressed such as the right to move freely out of the camp...

630. EU leaders weigh sanctions over Turkey’s Med drilling

Concerned that their credibility is at stake, European Union leaders are set Thursday to give the green light to the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus....