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571. 2021 KPMG CEO Outlook Pulse Survey

572. 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....

573. Adoption of halloumi PDO by mid-April, EC spokesperson says

The adoption and publication of halloumi and hellim as a Protected Designation of Origin (PDO) product is expected mid-April, Miriam Garcia Ferre, European Commission spokesperson for trade and agriculture said Tuesday....

574. Cyprus opens up to vaccinated Brits

The Republic of Cyprus will allow British tourists who have been vaccinated against COVID-19 to fly in without any restrictions starting May 1, joining the ranks of Israeli nationals who will also start visiting the island on a special green pass...

575. Cyprus hesitantly relaxes more measures

More students were going back to school on Monday as Cyprus entered the second phase of a gradual relaxation of pandemic measures, with officials closely monitoring the situation to avoid a major setback....

576. Cyprus moving forward with more relaxations

The Cabinet on Thursday agreed to move forward with a steady lifting of restrictions, as starting Monday each week will see additional relaxations culminating in the lifting of restrictions on food and drink businesses on March 16....

577. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

578. Cyprus hotels eyeing May for reopening doors

April is the month in which the first bookings of tourists from Israel to Cyprus are set to begin. Although large flows of tourists to Cyprus are not expected at that time, it is clear that those tourists who will come will be needing tourist accommodation. They will however have to choose between the few hotels that remain open, or even the individual ones that will resume operation by April, since all hoteliers aren’t planning to reopen their doors before May at the earliest....

579. Cyprus adopts color-coding for March opening of airports

Cyprus plans to reopen its airports with a color-coded health risk assessment from March 1, applicable to travelers from its main tourism markets and the European Union, authorities said on Wednesday....

580. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

581. COVID-19 is adding new impetus to finance transformation

582. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

583. Cabinet locked into partial lockdown

A partial lockdown is expected to go into effect in the Republic of Cyprus some time after Friday, when the President’s Cabinet will decide on new measures to fight further spread of the coronavirus through the end of the month...

584. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

585. COVID-19 to disrupt holiday shopping plans

586. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

587. New measures announced, 9pm curfew imposed islandwide

Health minister Constantinos Ioannou on Friday announced the Cabinet’s decisions on the new restrictions that will affect the Republic of Cyprus in December, with the starkest among them being an island-wide 9pm curfew....

588. Partial lockdowns on Limassol, Paphos, migrant camps

The health minister Constantinos Ioannou announced stricter measures late on Wednesday night, with restrictions to be even harsher in the Limassol and Paphos districts that have developed into the epicentres of the island’s recent pandemic flare-up....

589. Cyprus tightens restrictions, imposes 11pm curfew

In a national address on Wednesday night, the Cyprus President Nicos Anastasiades said the government was obliged to take tough decisions for stricter measures as the island was no exception to Europe’s second coronavirus wave, before the health minister stepped in to outline the new measures that come into effect on Thursday....

590. Zara's online store in Cyprus goes live today

Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business....

591. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

592. 5G wars over Cyprus rage on

The Chinese Embassy in Cyprus accused Washington over the weekend of “openly coercing” Nicosia and other allies into keeping out Chinese companies in setting up 5G networks...

593. Cyprus tightens restrictions as virus flares

The health ministry tightened its grip on the island in a bid to slow down the recent extreme flare-up of the virus that has sent daily new cases into three-digit numbers....

594. 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...

595. Al Jazeera strikes again at Cyprus Papers

Al Jazeera’s investigative unit struck again on Monday with new Cyprus Papers material, involving a report accompanied by a one-hour video depicting undercover reporters who visited Cyprus and posed as representatives of an imaginary ultrarich investor, Mr X, who was convicted for palm-greasing and money laundering, to ‘test’ whether local authorities would still be willing accept his hefty investment and provide him with Cypriot citizenship....

596. Green transition in transport, agriculture an uphill task

Achieving sustainable transport demands policies on a governmental and local level which will give priority to users, providing more accessible, fair and clean alternative solutions, chairman of the parliamentary committee on transport, Charalambos Pittokopitis, has said, noting that the transition could not be achieved overnight....

597. Winter season a window of opportunity for tourism

With the tourism sector’s performance this summer having refuted even the most optimistic forecasts that were made, the question for tour operators is what more can be done over the next period to reduce the big losses. As such, everyone's attention has shifted to the winter period that begins next November and ends in March 2021....

598. Cyprus weighs in on Armenia-Azerbaijan

Cypriot Foreign Minister Nikos Christodoulides has spoken with his Armenian counterpart, calling on all sides involved in Nagorno-Karabakh to resolve the conflict diplomatically while also accusing Azerbaijan of violating a fragile truce...

599. Over half of EMEA private businesses expect revenue to decline

600. Cyprus tones down tourism expectations

Cyprus Deputy Ministry for Tourism halved its target for tourist arrivals in August to 100,000 as main tour operators exclude Cyprus of their programmes...