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541. EU ready to claw back stolen funds

The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...

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

543. Cyprus relaxes further as situation improves

The Cabinet in the Republic of Cyprus is moving forward with more relaxations, following further improvement of the epidemiological situation, but many places still remain off limits to those without a SafePass...

544. Cyprus ends lockdown with safe pass

A third lockdown in the Republic of Cyprus ended on Sunday as new measures went into effect Monday including a controversial safety pass, with the government betting on a slight improvement as it pushes for gradual return to normality...

545. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

546. Third lockdown brings new support schemes totaling €120m

New support measures to the tune of €120 million to address the effects Cyprus’ third total lockdown on employees and companies were announced by the Finance and Labour Ministers on Wednesday....

547. Webcam child groomer gets sentence

A young man got a suspended sentence after being found guilty of enticing a minor to sexual activity as well as child grooming offences involving a total of three underage girls...

548. 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...

549. 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....

550. Man detained in child porn livestream case

Cypriot police officers placed a man under arrest on child pornography charges after they were notified by Europol about a suspect who gained direct access to a live show...

551. 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...

552. Turkey says Greek fighter jets ‘harassed’ research vessel; Greece rejects claim

Greek fighter jets “harassed” Turkey’s research vessel Cesme while it was sailing in international waters in the Northern Aegean, National Defense Ministry sources were cited as saying on Tuesday by Turkey’s state-run news agency Anadolu....

553. Car blows up outside lawyer’s home

Police are investigating a car bombing in Limassol following an explosion in the town’s northern district right outside the residence of an attorney...

554. New devastating bombshell in Alexoui case

The attorneys for Alexoui and Rudolf in a long and protracted attempted murder trial dropped another bombshell this week, alleging “serious criminal offences” involving police and possibly the Legal Department...

555. Cyprus, Greece conduct joint search and rescue exercise

A joint Search and Rescue Exercise dubbed “SALAMIS – 02/21” was conducted on Monday between Cyprus and Greece....

556. Cyprus holds turned thumb over lockdown

Cyprus’ lockdown stance continued to remain unclear following a special meeting between experts and the health minister, with the government hinting thumbs down for a new lockdown citing economic reasons but also thumbs up for stricter measures after hospitalizations reached dangerous levels...

557. DBRS warns against protracted process in approving bugdet

Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....

558. 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...

559. Cyprus to launch 5G frequencies auction

In 2021, according to the most optimistic scenarios, Cyprus will enter the constellation of 5G networks, with the frequencies auction set to begin on Thursday....

560. Police warn public about phony ATM messages

Police in Cyprus are warning the public to be on the lookout for suspicious text messages, saying scammers pretending to be bank employees are trying to trick people by telling them their debit cards have been blocked and need to be reauthorized...

561. Past week was the worst epidemiologically since outbreak

Health minister Constantinos Ioannou was the bearer of unpleasant news on Tuesday, announcing that the current epidemiological situation doesn’t appear to leave room for the planned relaxation of measures from December 14....

562. 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. ...

563. Health ministry responds to questions on new measures

The health ministry on Monday responded to five questions regarding the new restriction measures that are to affect the island until mid-December....

564. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

565. Mask rule nuances still point of contention

Weeks after people in the Republic of Cyprus were told to wear a face mask in public, with some exceptions, officials from different agencies still have a hard time seeing eye to eye regarding the new rules...

566. Biden plans ahead as Trump refuses to concede

Democrat Joe Biden began preparing on Sunday to deal with the coronavirus and other problems that will confront him as president of a divided America, while President Donald Trump planned campaign-style rallies to contest the election...

567. Cypriots await new COVID measures

The President’s Cabinet will convene on Wednesday evening to discuss a new package of measures to curb the spread of the coronavirus in Cyprus, with announcements expected immediately after the session...

568. Pompeo criticizes Turkey’s unilateral actions in letter to Greek FM

US Secretary of State Mike Pompeo has sent a letter to his Greek counterpart Nikos Dendias in which he criticizes Turkey’s unilateral actions while describing Greece as a pillar of stability in the region, Kathimerini says citing diplomatic sources in Athens....

569. 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....

570. Reynders: 'golden passport' schemes must be abolished

The EU Commissioner for Justice Didier Reynders briefed the plenary of the European Parliament on Thursday on the Commission’s decision to initiate infringement proceedings against Cyprus and Malta in view of their ‘golden passports’ schemes which appear to be in violation of EU law....