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361. Cyprus unveils plan to tackle corruption

Cyprus’ fight against corruption is based on three pillars, President Anastasiades said Friday, announcing the eagerly-awaited steps the government will take in a bid to restore credibility to the Republic after its reputation was shattered by revelations of corruption through the nixed Citizenship-by-Investment Program (CIP)....

362. 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....

363. Emergency lights and sirens mark New Year

Emergency medics and first responders in the Republic of Cyprus sounded their sirens at midnight on New Year’s Eve, marking the end of a rough year that brought the coronavirus pandemic...

364. Cypriot president grateful for frontline heroes

Cypriot President Nicos Anastasiades expressed his deep gratitude for 'heroes on the front line' in his New Year’s Eve address, adding that elected politicians 'owe to the people' to pass crucial reforms in the new year...

365. 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. ...

366. New court culture coming to Cyprus

The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...

367. Justice Minister highlights government's efforts to fight corruption

The government of Cyprus is making continuous efforts to protect the country from corruption, justice minister Emily Yiolitis said Wednesday, noting that the government has undertaken a series of actions and pushed a bundle of new laws through the pipeline....

368. Cabinet approves national framework on smart cities strategy

The Cabinet approved the development of a national framework on the strategy and promotion of smart cities, after a proposal submitted by the Deputy Ministry of Research, Innovation and Digital Policy....

369. Bar set low as Brussels, UN in low spirits for CyProb involvement

Foreign players ranging from Brussels and Berlin to New York have lowered their expectations and show a reduced eagerness to actively get involved in efforts to reach a solution to the Cyprus Problem....

370. First batch of food donations ready to be shipped to Lebanon

Twenty tonnes of dry food have been collected so far in Cyprus, that are set to be distributed among the Lebanese public whose lives were overturned last week by the blasts that ripped through the capital, Beirut....

371. Beirut calls off search and rescue

The Cypriot rescue mission in Beirut was on its way back to the island after Lebanon shifted its search and rescue focus to recovery, while world leaders including Anastasiades pledged aid amid violent protests over the weekend. ...

372. EU summit breaks up after all-night talks, to resume later

A marathon European Union summit has broken up temporarily in the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. The weary leaders were scheduled to resume the meeting Monday afternoon....

373. US to include Cyprus in army programme

The American Embassy in Nicosia says the United States are looking forward to expanding their military education and training programmes to include Cyprus, with plans to introduce professional and technical courses in 2021...

374. No progress among EU leaders on virus recovery deal

European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....

375. One in four in Cyprus at risk of poverty

Some 200,000 persons (23.9 per cent of the Cyprus population), or one in four, are at risk of poverty, participants of a two-day discussion in Nicosia organized by Cyprus and EU-wide anti-poverty networks heard....

376. Defence minister goes ‘behind enemy lines'

Cypriot Defence Minister Savvas Angelides got up close and personal with special commandos during their winter training high up in the snowy mountains...

377. Cyprus Econ Council begins work on future sustainable growth blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

378. Cyprus, Lebanon begin preparations for first Trilateral Summit

Cyprus and Lebanon have begun preparations for the first Trilateral Summit at the level of Heads of State and Government, to be held in Nicosia in the spring, the Foreign Minister Nicos Christodoulides announced on Friday...

379. New Ayia Napa mayor to fight for autonomy

Newly-elected Ayia Napa mayor says he will stay the course in the fight to keep the resort town autonomous, while pushing for reform...

380. US arms embargo to be lifted on conditions

President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...

381. Uncertainty reigns across international tax landscape

382. Cyprus tops the list of EU member states concerning absorption of EU Regional Development funds

Cyprus’ absorption capacity of EU Regional Development exceeded the EU average, Government Spokesman Prodromos Prodromou has said....

383. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

384. EU fails to launch membership talks with Balkans hopefuls

European Union leaders failed Friday to agree on launching membership negotiations with Albania and North Macedonia in an embarrassing climb-down that could risk inflaming the volatile Balkans region....

385. Government to introduce Green Tax Reform by 2021

Minister of Finance Harris Georgiades said on Thursday that the government would introduce in 2021 a “Green Tax Reform”. Georgiades was speaking to the press on the sidelines of the 20th Global Conference on Environmental Taxation which took place in Limassol...

386. President launches Exandas portal in a bid to enhance transparency

The implementation of 767 development projects, with a total cost of more than 2.7 bln euros, as well as the progress in implementing 321 government policies, reforms and national strategies are outlined in “Exandas”, the new internet portal launched on Friday by Cyprus President Nicos Anastasiades. According to officials, 92.17% of the projects listed is expected to be completed by 2023. ...

387. Singing from the same hymn sheet

I feel that the success of the New Democracy administration will largely depend on Premier Kyriakos Mitsotakis’ ability to strike a balance between the two camps...

388. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

389. Greek PM in charm offensive aiming to ease primary surplus targets

Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....

390. Moody’s calls for reform implementation to boost Greek growth

Greece’s credit profile is constrained by the country’s elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government’s implementation of reforms agreed with lenders would bolster growth....