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1771. Cyprus GDP to suffer 'severe contraction' in 2020, projection shows

The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline scenario and by 13.1% under an adverse scenario....

1772. 'Tourism dogma' piques Israel’s interest

The Israeli tourism minister says his country is looking into the possibility of joining a safe zone for travel that is currently in the works between Cyprus and Greece...

1773. Lockdown brings striking drop in air pollution, energy demand

Pollution levels in Cyprus have plummeted as a result of restriction measures enforced amid the coronavirus outbreak, which brought a significant drop in traffic and electricity consumption, highlighting the benefits of pressing forward with sustainable transport and energy production solutions....

1774. Cyprus announces 'timid first steps' in easing restrictions

In a televised national address on Wednesday night, President Nicos Anastasiades presented the detailed plan of the first two phases of Cyprus’ lockdown exit plan, with the first phase, which will see a timid resumption of the economy and a small loosening of restrictions on individual freedoms, set to begin on May 4....

1775. Lagarde draws line on how far ECB largesse can go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

1776. EU investigators follow the money to Cyprus

Cyprus came on the European Anti-Fraud Office’s radar this week, after it emerged that money allegedly stolen from an environmental project was diverted to a casino project on the island...

1777. President: mistakes, complacency over Easter will mean restrictions drag on

Addressing the nation anew on Thursday, President Nicos Anastasiades said that this weekend, which marks the Greek Orthodox Easter, will test the island’s population but stressed the need for absolute compliance with restriction measures so that it can remain feasible to begin a gradual lifting of the measures as soon as possible....

1778. New decree allows repatriation of all legal residents

By Thursday, a sum of 9,282 students abroad who chose to remain put amid the coronavirus outbreak had received a €750 government benefit, as promised last month....

1779. Twitter unfreezes Chinese ambassador account

China's ambassador to the Republic of Cyprus was back online Wednesday night after Twitter unblocked his account following a two-day freeze...

1780. To wear or not to wear

Recommendations on the use of face masks vary in the Republic of Cyprus, in the midst of a full-blown coronavirus pandemic, with members of the public essentially making that call based on the latest information they can find...

1781. Employers and Employees in the age of Covid-19: A looming battle

In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....

1782. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

1783. Tax alert: Cyprus

1784. Cooperation and Transparency Needed to Fight COVID-19

In today’s age of social media, it has unfortunately become normal to see false information reach a broad audience instantaneously through the Interne...

1785. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

1786. Local businessman shot in rural Nicosia

A Nicosia businessman was rushed to the Emergency Room after he was shot on a rural road outside the capital...

1787. Cop sentenced over teen girl’s nudes

A Nicosia district judge handed down a six month prison sentence to a police officer, who used a fake profile on Facebook to obtain naked photos from a female high school student and then blackmailed her...

1788. Cyprus preparing for influx of arrivals during Easter

Cyprus authorities are preparing for all possible scenarios in relation to the spread of coronavirus ahead of the Easter holidays next month, when more people are expected to travel. ...

1789. Cyprus Foreign Minister concludes first official visit to Skopje

Foreign Minister Nicos Christodoulides had by Wednesday night completed his round of talks in Skopje, where he held an official one-day visit to discuss a range of issues with his North Macedonian counterpart Nikola Dimitrov....

1790. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

1791. New developments in key witness disappearance

There are new developments in the disappearance of ex-con and key witness Ahmed Zaidan, with crime investigators looking into allegations that he was seen being forced into the trunk of a car at gunpoint...

1792. Sir Paul Nurse: Fighting cancer through the cell cycle

Holder of the 2001 Nobel Prize in Physiology or Medicine, Sir Paul Nurse, visited the island last week where he participated as the honorary speaker in the 4th Lecture of Academic Excellence organized by the Cyprus School of Molecular Medicine and the Cyprus Institute of Neurology and Genetics. His lecture, entitled ‘Control of the Cell Cyle’, delved into the depths of the research which had led to his prestigious Nobel prize....

1793. Finland to accept 175 asylum seekers from Mediterranean 'hotspots'

The government of Finland announced on Thursday that it will be accepting up to 175 asylum seekers from Cyprus, Greece, Malta and Italy, in a bid to facilitate their humanitarian situation in EU member states in the Mediterranean....

1794. Ambitious national tourism strategy already in motion

Cyprus’ national tourism strategy, containing a set of predefined goals for each year until 2030, is already being implemented, Deputy Minister of Tourism, Savvas Perdios, said on Tuesday....

1795. EAC vows to credit back overcharges

An undisclosed number of property owners in the Republic Cyprus were overcharged on their electricity bills in recent months, with the Cyprus Electricity Authority vowing to right a wrong in future billings...

1796. Cyprus and 8 EU countries object to new rules of mobility package on commercial vehicles

Implications of a new rule included in the EU mobility package currently under negotiation, whereby commercial vehicles, lorries, and trucks will be required to return to their licensing Member State every eight weeks, were raised on Wednesday by Transport Minister Yiannis Karousos and several of his counterparts to the Commission Vice President and Commissioner for Transport....

1797. Α defeat in the Cyprus Courts for Promsvyazbank

Clients of the Russian bank Promsvyazbank, which maintained a branch in Cyprus until the Central Bank revoked its license, won a small victory over the bank by bringing the case to court in Cyprus...

1798. Minister says ‘no panic’ over coronavirus

Health Minister Constantinos Ioannou says the Cypriot government is taking all precautions against the coronavirus threat, adding that the administration is on alert but there is no panic...

1799. CMP recovers remains of one person in Famagusta

The Committee on Missing Persons in Cyprus (CMP) recovered the remains of one person in Famagusta on Friday....

1800. Officials deny weak spots in virus front lines

State health officials have denounced questions in the media over the handling of the coronavirus risk at airports, saying the image of the Republic of Cyprus was at stake...