https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-revenue-drops-by-85-1-in-first-ten-months-of-2020
The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show.
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https://knews.kathimerini.com.cy/en/business/kpmg-survey-shows-biodiversity-related-risk-remains-under-reported
While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...
https://knews.kathimerini.com.cy/en/news/eac-crucial-to-cyprus-energy-reform-energy-minister-says
The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019.
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https://knews.kathimerini.com.cy/en/business/network-resilience-in-a-post-pandemic-world
While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-celebrates-10th-anniversary
A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/attorney-general-calls-auditor-‘to-order
Cypriot Attorney General George Savvides issued a stern warning on Saturday, calling to order the state’s auditor general over his insistence on examining specific golden passport case files linked to a casino project on the island...
https://knews.kathimerini.com.cy/en/news/cyprus-records-deficit-of-€800-million-in-q2-due-to-covid-19-impact
Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....
https://knews.kathimerini.com.cy/en/news/jacqueline-kassteen-at-digital-agenda-cyprus-summit-2020
Jacqueline Kassteen has 20 years of marketing experience in international education, student travel, publishing, lead generation, retail, and financial services....
https://knews.kathimerini.com.cy/en/news/bad-blood-continues-over-golden-passport-probe
A prolonged and bitter dispute between the interior minister and auditor general, over probing Cyprus’ golden passports scheme, was renewed this week following a mini report with details on a number of applications through citizenship by investment...
https://knews.kathimerini.com.cy/en/business/over-half-of-emea-private-businesses-expect-revenue-to-decline
https://knews.kathimerini.com.cy/en/news/british-visitors-start-trickling-into-greece-after-ban-is-lifted
Greece began receiving British visitors on Wednesday after lifting a ban on arrivals from that country. The decision may prompt health concerns but it also opens one of the most important sources of revenues for Greek tourism....
https://knews.kathimerini.com.cy/en/news/pandemic-impact-on-tourism-poses-significant-risks-to-cyprus-economy
The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....
https://knews.kathimerini.com.cy/en/news/anastasiades-patriotic-realism-dictates-solution-through-diplomacy-not-weapons
Instead of a catastrophic scenario, we opt for diplomacy, the weapons of international law and Cyprus’ status as an EU member state. This is what is dictated by patriotic realism and rationalism, and not a rhetoric of empty slogans. The coming days are crucial as regards initiatives taken by the EU and the US in view of preventing a potential crisis through targeted measures towards Turkey....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/a-grim-five-years-for-greek-tourism
Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....
https://knews.kathimerini.com.cy/en/business/businesses-pursue-strategies-for-turning-challenges-into-opportunities
The results of the third round of the CFO Pulse survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy reveal that 46% of CFOs believe that if COVID-19 were to end today, their company could get back to “business as usual” within three months...
https://knews.kathimerini.com.cy/en/news/greece-will-be-better-prepared-for-second-wave-of-covid-19-pm-says
Greece will be better prepared if the coronavirus pandemic resurfaces in fall, Prime Minister Kyriakos Mitsotakis said on a television interview on Sunday night....
https://knews.kathimerini.com.cy/en/news/cyprus-to-foot-the-bill-for-infected-tourists
The Republic of Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation...
https://knews.kathimerini.com.cy/en/news/repair-and-prepare-eu-unveils-€750-bln-plan-for-coronavirus-recovery
The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro....
https://knews.kathimerini.com.cy/en/news/greece-to-welcome-germans-cypriots-israelis-in-first-wave-of-visitors
Greece will allow travelers from around two dozen countries including Germany, Cyprus and Israel to visit from mid-June without having to be quarantined, government officials said, part of a gradual easing of coronavirus lockdown restrictions....
https://knews.kathimerini.com.cy/en/news/cyprus-all-set-to-receive-tourists-from-june-15
The Deputy Tourism Ministry is all set to open the Cyprus tourism market as of June 15....
https://knews.kathimerini.com.cy/en/news/cyprus-football-leagues-officially-called-off
This year’s first and second division local football leagues were officially called off on Friday, an announcement by the Cyprus Football Association confirmed....
https://knews.kathimerini.com.cy/en/business/companies-in-cyprus-are-ready-for-the-new-norm
CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...
https://knews.kathimerini.com.cy/en/news/exit-roadmap-foresees-economy-on-recovery-path-by-q3-2020
Finance Minister Constantinos Petrides said Thursday that the government’s lockdown exit roadmap, aspects of which were presented by the President on Wednesday night, aims to see the island’s economy on the path of recovery by the fourth quarter of this year....
https://knews.kathimerini.com.cy/en/business/effects-of-covid-19-on-businesses-and-wider-economy
The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...
https://knews.kathimerini.com.cy/en/news/sports-betting-industry-crushed-by-coronavirus
OPAP, Europe’s fourth-biggest betting business, has had almost all its revenue wiped out following the coronavirus pandemic lockdown measures in Greece and Cyprus, after casino operations in the Republic came to a grinding halt...
https://knews.kathimerini.com.cy/en/business/ceos-drop-in-optimism-and-reversal-of-sentiment
https://knews.kathimerini.com.cy/en/news/police-presence-to-be-boosted-on-roads-to-curb-fatalities
The issue of serious and fatal road accidents was discussed on Wednesday in a broad meeting at the Presidential Palace, chaired by President Nicos Anastasiades, with the participation of all relevant Ministries and agencies....