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691. 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....

692. As coronavirus lockdown eases, Cypriots still in limbo

Deniz Birinci had just hours to stuff her and her baby daughter’s belongings into suitcases and bin bags on March 16 before the two sides on the divided island of Cyprus imposed lockdowns to halt the spread of the new coronavirus....

693. 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....

694. Cyprus President and Greek Premier discuss handling of the pandemic

President of Cyprus Nicos Anastasiades and Greek Premier Kyriakos Mitsotakis shared a telephone call on Monday to exchange views on the handling of the coronavirus pandemic and its aftermath....

695. Cyprus begins to emerge from lockdown

Economic activity in Cyprus was set to resume on Monday during an initial phase of easing coronavirus lockdown measures, but business is not as usual as the president of the Republic is calling on citizens to behave responsibly...

696. 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....

697. Attorney general weighs in on casino probe

The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...

698. Health Minister: Gradual easing of measures every two weeks

Restriction measures will be gradually loosened every two weeks, Health Minister Constantinos Ioannou told state broadcaster CyBC on Wednesday morning....

699. Greece condemns Turkey’s drilling intentions in Cyprus’ EEZ

Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....

700. Cyprus to prepare three-stage coronavirus exit strategy

The Cabinet on Wednesday approved the island’s lockdown exit strategy, which foresees the resumption of the operation of vital sectors of the economy in early May....

701. 5G bashers in Cyprus set antenna on fire

Conspiracy theories took a front seat on social media over the weekend, with the burning of a cell phone antenna in Limassol taking place after a full-blown debate on whether 5G was linked to the coronavirus pandemic...

702. Government to spend €850m in direct support until June

The Cypriot government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to €849 million or 3.5% of GDP....

703. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

704. Over 23,000 applications filed for suspension of loan payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

705. 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....

706. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

707. Good news for confined dog owners

Bummed dog owners in the Republic of Cyprus were relieved to hear on Tuesday that walking a family pet out in the neighbourhood would not count against a person’s limit of one outing per day under tighter coronavirus measures...

708. 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...

709. Tax alert: Cyprus

710. President: Partial lockdown of airports, schools to remain closed until April 10

President Nicos Anastasiades addressed the nation on Friday night after the week saw cumulative confirmations of coronavirus cases across the divide....

711. 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...

712. 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....

713. Police catch man who stole from victim of Sunday's fatal stabbing

Following the arrest of one of the two assailants who fatally stabbed Ahmed Bin Talib, 24, on Sunday in downtown Nicosia, police have reportedly arrested a second man who was captured by camera footable stealing a €50 note from the dead man’s pocket....

714. Christodoulides talks Turkish activity in EEZ, Varosha with UNSG

Foreign Minister Nicos Christodoulides met with UN Secretary-General Antonio Guterres in Geneva on Monday....

715. 85 UEFA red notices received by Cyprus police since 2011

Cyprus police have received a sum of 85 red notices from UEFA since 2011 over football match fixing suspicions, Chief of Police Kypros Michaelides told the House Ethics Committee, which convened to discuss the urgent matter of establishing a National Action Plan to combat corruption in sports....

716. Cyprus in the midst of massive football corruption storm, Justice Minister says

“We’re in the midst of a massive storm,” Justice Minister Giorgos Savvides said on Tuesday, referring to the wave of football corruption allegations that has been sweeping over Cyprus recently....

717. Cyprus police weigh in on match fixing

Cypriot police say they knew last year about a possible involvement of specific individuals rigging the Beautiful Game but could not act citing phone privacy concerns...

718. Cyprus a central hub of European match-fixing network

An extensive and revealing report published in the Spanish news outfit El Confidencial identified Cyprus match-fixing as a central hub of European football corruption....

719. 38-year-old cuffed for Ayia Napa botched mob hit

A 38-year-old Larnaca resident was arrested Monday afternoon in connection with a botched mob hit in Ayia Napa on Sunday....

720. State troubled over Ayia Napa mob wars

Investigators are focusing on a person of interest in Sunday’s Ayia Napa shooting, believed to have been a mob-hit-gone-wrong against a businessman and former chairman of a local football club...