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781. Cabinet scraps bill for government loan guarantees

The Cabinet on Tuesday withdrew a bill that would allow the government to provide guarantees for loans to be given to businesses affected by the coronavirus pandemic....

782. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....

783. The crisis is here and should not be underestimated, FinMin warns parties

As political parties continue to quarrel over a bill seeking to release government funds as guarantees for loans to businesses hit affected by the coronavirus outbreak, Cyprus Minister of Finance Constantinos Petrides warned that “the crisis is here and should not be underestimated.”...

784. Joint working group established for resumption of Cyprus-Israel flight connection

Cyprus and Israel established a working group this week to prepare all necessary conditions for the resumption of the aviation connection between the two countries, Ambassador of Israel in Nicosia, Shmuel Revel told the Cyprus News Agency on Friday....

785. 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...

786. Plan for first phase of exit strategy to be tabled before the Cabinet next week

A comprehensive proposal on the first phase of the island’s coronavirus lockdown exit strategy is expected to be tabled before the Cyprus President next Tuesday....

787. World remains cautious over chloroquine

The US Food and Drug Administration is a step closer to a potential approval of chloroquine for treatment against Covid-19, while more doubts over the drug’s effectiveness and concerns over lethal side effects continue to pop up around the globe...

788. 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....

789. Tax alert: Cyprus

790. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

791. Three new endangered monk seals born in Cyprus

Three new births of the Mediterranean monk seal species (Monachus monachus), one of the most endangered mammals in the world and the only seal species in the Mediterranean, were recorded last year, the Agricultural Ministry announced on Friday....

792. European Parliament says goodbye to UK

The European Parliament has given its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday...

793. Iran escalation continues after midnight tweet

US President Donald Trump on Saturday threatened to hit 52 Iranian sites “very hard” if Iran attacks Americans or US assets after a drone strike that killed Iranian military commander Qassem Soleimani, as tens of thousands of people marched in Iraq to mourn their deaths...

794. Cypriot FM works the phones over Libya

Cyprus Foreign Minister Nikos Christodoulides has been working the phones Thursday and Friday, discussing with counterparts of other nations the situation in Libya and a need to avoid illegal actions...

795. Athens says Ankara 'playing with fire'

Athens says Turkish President Recep Tayyip Erdogan is “playing with fire” as he seeks parliament approval to send military troops into Libya, following a formal request from Tripoli...

796. Senate-approved EastMed on Trump’s desk

US Congress’ approval of a spending package that includes the Eastern Mediterranean Security and Energy Partnership Act of 2019 signals a “new day in Greek-American relations,” said Senator Bob Menendez, one of the authors of the bipartisan legislation...

797. Erdogan points to drilling spots off Crete

In an interview on Turkish television, President Recep Tayyip Erdogan has indicated where Turkey plans to conduct research for hydrocarbons but also drilling, using a map to indicate the location east of Crete...

798. Turkish drones in the north ready for takeoff

Turkish drones were due to arrive in the northern part of Cyprus where they are expected to begin flying missions on Monday over drilling ships in search of natural resources in the eastern Mediterranean...

799. House passes 2020 budget

The House of Representatives voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against...

800. Friday the 13th to sort it all out

Britain will hold its first December election in almost a century after Prime Minister Boris Johnson won approval from parliament on Tuesday for an early ballot aimed at breaking the Brexit deadlock...

801. Sassoli says EP calmly waiting on UK

The European Parliament will vote on Brexit only after the agreement’s ratification by the UK Parliament, the Conference of the President of the political groups decided on Monday...

802. Brexit deal faces Saturday showdown

European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure the UK parliament’s backing for the agreement if he is to take Britain out of Europe on October 31...

803. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...

804. Last straw as Johnson heads to Brussels

European Union leaders’ two-day summit in Brussels starting on Thursday will be dominated by last-gasp efforts to seal a deal on Britain’s exit from the bloc despite a raft of other pressing issues, from the crisis in the Middle East to the bloc’s budget...

805. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

806. Ayia Napa rape accuser free on bail

The British young woman accused of making false statements in a rape complaint in Ayia Napa will be free on bail this week, while her legal team is expected to include high-powered British attorneys...

807. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

808. Nicosia grants approval to ENI, Total to drill in Block 7

Nicosia has granted approval to the energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved nine other drilling operations within the EEZ over the next two years...

809. The new government, image and symbolism

The first indications from the new government are sending out all the right signals. Tuesday’s handover ceremonies at the ministries confirmed a return to normalcy, after a decade-long crisis that painfully divided the country. Both sides should be given credit for the civilized political discourse that prevailed during the change of guard. It is hoped that this spirit will continue during the debates that are expected to take place in Parliament, not only in the sense of a more sophisticated rhetoric, but also, hopefully, in the approval of some government bills by the new main opposition....

810. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...