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1021. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

1022. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

1023. Nicosia fares well in intense EU council

Nicosia has welcomed a European Council statement that included conclusions on Turkey, after the EU27 leaders held long and protracted consultations that got testy at times especially during Russia talk...

1024. Biden and Putin take center stage

US President Joe Biden and Russian President Vladimir Putin decided at a 'pragmatic' first summit on Wednesday to hold arms control and cyber-security talks and return their respective ambassadors, while agreeing to differ on other issues...

1025. 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'...

1026. No fly on the wall during Brussels meeting

Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan meet Monday in Brussels where they are attending a NATO Summit, with reports saying the two leaders at some point plan to have only their interpreters in the room...

1027. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

1028. KPMG and CIM offer 2 scholarships

KPMG in Cyprus and the Cyprus Institute of Marketing – The Cyprus Business School (CIM) offer for third consecutive year the opportunity to two fellow citizens to acquire an undergraduate or a postgraduate degree...

1029. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

1030. US-Turkish alliance at a critical crossroads

The rift between Joe Biden and Recep Tayyip Erdogan runs deep as the American president – in contrast to his predecessor – attaches a great deal of importance to respect for democratic values and does not see his Turkish counterpart as willing to cooperate in the framework of a world order based on shared principles and rules, Ian Bremmer, the head of Eurasia Group, tells Kathimerini in an interview....

1031. We are committed to seeing EastMed through

Israel's cooperation with Egypt and the strengthening of relations with other Gulf states contribute to peace, while enabling Israel and Cyprus to work together with other friendly nations, Sammy Revel says in an interview with Kathimerini...

1032. 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....

1033. Michel says EU will be active observer in Cyprus peace talks

The EU remains committed to the resumption of Cyprus peace talks and is looking forward to the informal meeting set to take place in Geneva later this month, where it will participate as an active observer, European Council President Charles Michel said Tuesday after meeting with Recep Tayyip Erdogan in Ankara....

1034. Biden: I have not given up on the Cyprus issue

US President Joe Biden has pledged that he has not given up on the Cyprus issue...

1035. EastMed pipeline could be ready in five years

The EastMed pipeline could be in place in five years, Israeli Minister of National Infrastructure, Energy and Water Resources, Yuval Steinitz, has told the Cyprus News Agency (CNA), describing it as an extremely important project....

1036. Florida giant denies Huawei in Cyprus

An American company has put words into action in the middle of global 5G wars, with Phoenix Tower International and Monaco Telecom announcing an agreement that includes acquiring newly constructed wireless towers across Malta and Cyprus...

1037. Erdogan wishes to improve testy relations with US

Turkey’s president says mutual interests with the United States outweigh their differences and has called for more cooperation with President Joe Biden’s new US administration....

1038. 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....

1039. US against two-state deal on Cyprus, Heather A. Conley tells Kathimerini

Heather A. Conley is no stranger to Greece as she has made a point of visiting the country every year and also participated in the 2019 Delphi Forum – the last that actually took place in Delphi. A Washington veteran, she is senior vice president for Europe, Eurasia and the Arctic and director of the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies (CSIS)....

1040. US says Turkish coup claims 'wholly false'

The US State Department said on Thursday assertions by Turkish officials that the United States was involved in a failed 2016 coup in Turkey were 'wholly false'...

1041. President lashes out at critics

Cypriot President Nicos Anastasiades in a televised address on Thursday rejected allegations of corruption within his office and administration, accusing the opposition and media of singling out his former law firm for being involved with golden passports and appealing on the political parties’ patriotism to support a new strategic plan to fight corruption...

1042. 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....

1043. The key to a successful investment lies in… behaviour?

1044. COVID-19 is adding new impetus to finance transformation

1045. Borrell reiterates criticism of Turkey over Varosha

EU foreign policy chief Josep Borrell has reiterated criticism of Turkey’s decision to reopen part of the beachfront of Varosha, a resort abandoned since Turkey invaded Cyprus in 1974....

1046. Cyprus, UAE sign first military cooperation agreement

Cyprus and the United Arab Emirates on Tuesday signed their first military cooperation agreement as the eastern Mediterranean island nation seeks to bolster relations with nearby countries in the Middle East....

1047. Cyprus, US sign Declaration of Intent on border security

Cyprus and the USA signed on Tuesday a Declaration of Intent on strengthening cooperation on border security issues, in view of enhancing their capacity to counter common threats and foster stability in the region. ...

1048. Turkey hopes to turn new page with US, EU in 2021, Erdogan says

President Tayyip Erdogan said on Wednesday that Turkey hopes to “turn a new page in its ties with the United States and European Union, and that Ankara had been subjected to “double standards” by both its NATO ally Washington and the bloc....

1049. 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...

1050. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....