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241. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

242. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

243. Cyprus checks more items off relaxation list

Further easing of COVID restrictions went into effect Tuesday in the Republic of Cyprus, with daily cases remaining very low but a night curfew still remains in place until middle of next week...

244. EY: Liquidity-fueled IPO markets break records in Q1 2021

245. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

246. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

247. Economic activity could resume by spring end, Anastasiades says

President Nicos Anastasiades said Wednesday that he was hopeful that economic activity could resume by the end of spring, given that no unpredicted developments arise on the part of pharmaceutical companies....

248. 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....

249. Reported House website hack was false alarm

The website of the House of Representatives in the Republic of Cyprus suffered a technical glitch on Monday, the innovation commissioner says, following reports in Greek Cypriot media that a foreign hacker had targeted the website...

250. Turkish hacker targets Cyprus Parliament website

The Cyprus Parliament’s website was on Monday facing attacks by a Turkish hacker, an announcement by the House of Representatives said....

251. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

252. MPs approve publication of PEP bad loans list

Parliament on Thursday approved the publication of the list of politically exposed persons (PEP) with non-performing loans, known as the Yiorkadji list....

253. FinMin confirms Cyprus won’t reinstate ‘golden passports’ scheme

Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...

254. GLOBAL OPEN DEBATE by THEATRUM VITAE

If you are concerned about the existence of the arts in tomorrow’s turbulent world, then you should join this lively debate, where experts from a wide range of creative industries across the globe will be providing their expertise and sharing their own views about the future of the arts in the post-pandemic world...

255. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

256. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

257. 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...

258. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

259. Pompeo sees window of opportunity for dialogue, in Kathimerini interview

In an interview with Kathimerini, US Secretary of State Mike Pompeo deplores the use of threats and unilateral actions as a way of resolving bilateral disputes, sending a clear signal to Turkish President Recep Tayyip Erdogan....

260. Banks must prepare for a new cycle of NPLs due to Covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

261. Missing kids behind daycare bite incident

Reports of a practicum student biting off a daycare owner husband’s finger in Limassol became clearer this week after police said they were investigating three cases, including the disappearance of two unattended children found wandering around town...

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

263. Apollo CEO investigated over Epstein ties

The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...

264. 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.”...

265. Nicosia midtown center in the works

A new modern business centre on the most popular main street in Nicosia is said to be in the pipeline, following reports that the Bank of Cyprus has sold a parking lot in the midtown area...

266. Cyprus outlines drastic step on migration

Republic of Cyprus Interior Minister Nikos Nouris is urgently seeking a constitutional amendment to shorten the time of due process for asylum applicants, calling a set of government-sponsored bills a “holistic approach” to immigration during a press conference on Thursday...

267. Cabinet scraps bill for government loan guarantees

The Cabinet on Tuesday withdrew a bill that would allow the government to provide guarantees for loans to be given to businesses affected by the coronavirus pandemic....

268. Hellenic Bank sells its most expensive home

Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...

269. Government revising price cap on antiseptics, masks

The government announced on Monday that it was revising the price cap it placed last month on antiseptics and surgical masks, as growing international demand is constantly bringing price fluctuations resulting in local shortages....

270. 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....