https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021
Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...
https://knews.kathimerini.com.cy/en/news/group-of-five-accused-of-using-fake-bills
A Paphos judge has ordered five people remanded in custody for six days after police prosecutors said the group was suspected of looting and trying to pass fake bills...
https://knews.kathimerini.com.cy/en/news/nicosia-midtown-business-center-in-the-works
A new modern business centre on the most popular main street in Nicosia is said to be in the pipeline, following reports that the Bank of Cyprus has sold a parking lot in the midtown area...
https://knews.kathimerini.com.cy/en/news/cypriot-fm-to-visit-israel-in-a-hurry
Cypriot Foreign Minister Nicos Christodoulides will pay a last minute visit to Israel on Tuesday, days after President Nicos Anastasiades called off his trip citing coronavirus concerns and just before debate in the neighbouring country is expected to peak over annexation plans in West Bank...
https://knews.kathimerini.com.cy/en/business/a-grim-five-years-for-greek-tourism
Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....
https://knews.kathimerini.com.cy/en/news/cyprus-president-calls-off-israel-visit
Republic of Cyprus President Nicos Anastasiades has called off a visit to Israel next week, citing coronavirus concerns, just a day after the Greek Premier concluded his first foreign trip the neighbouring country...
https://knews.kathimerini.com.cy/en/news/gulenist-cop-arrested-in-the-north
Turkish Cypriot police have arrested one of their own this week, a man thought to be second in command amongst officers with FETO links in the north, while dozens more were arrested in Turkey during a similar operation...
https://knews.kathimerini.com.cy/en/news/cyprus-greece-to-be-israeli-tourists-first-destination-netanyhu-says
Israeli Prime Minister Benjamin Netanyahu said on Tuesday he aims to resume regular flights to and from Israel by August 1, noting Greece and Cyprus will be the first destination for Israeli tourists....
https://knews.kathimerini.com.cy/en/news/woman-in-white-collar-scheme-not-talking
Police investigators are fishing out more details in a while collar crime in Limassol, where a woman accused of embezzling over €1 million was said not to be cooperating with police...
https://knews.kathimerini.com.cy/en/news/govt-announces-rules-for-crossing-checkpoints
The Cyprus government on Friday announced the special rules that will apply for those groups permitted to move through crossing points as of June 8, but it remains unclear whether the ‘government’ in the north will be following through on the agreement between President Nicos Anastasiades and the Turkish Cypriot leader....
https://knews.kathimerini.com.cy/en/news/market-sentiment-looking-up-finmin-says
Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....
https://knews.kathimerini.com.cy/en/news/lawmakers-to-vote-on-budget-for-new-support-measures
The Finance Ministry will be seeking lawmakers’ green light for the supplementary budget of €220 million involving a string of measures to keep the economy afloat after the slowdown brought about by the coronavirus pandemic.
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https://knews.kathimerini.com.cy/en/news/finmin-delves-into-details-of-new-more-targeted-measures
Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....
https://knews.kathimerini.com.cy/en/news/president-unveils-new-stimulus-package
President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/news/new-chapter-in-store-for-old-orphanides-mall
The Bank of Cyprus is reportedly sounding out the government on a potential mega deal in west Nicosia, with ideas thrown around for the old Orphanides Mall to become a business centre or a medical facility...
https://knews.kathimerini.com.cy/en/news/‘queen-elizabeth-applies-for-state-subsidy
Labour office employees have been swamped with applications for wage subsidies due to the coronavirus pandemic, including one case under the name of “Queen Elizabeth"...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/hellenic-bank-sells-its-most-expensive-home
Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...
https://knews.kathimerini.com.cy/en/news/the-market-needs-oxygen-finmin-says
The market needs oxygen, Finance Minister Constantinos Petrides said Monday, stressing that the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger....
https://knews.kathimerini.com.cy/en/news/need-for-transparency-on-covid-19-public-spending
The Organisation for Security and Cooperation in Europe Parliamentary Assmebly’s (OSCE PA) Special Representative on Fighting Corruption Irene Charalambides, has called for the highest levels of transparency and good governance on COVID-19 related public expenditures....
https://knews.kathimerini.com.cy/en/news/greece-pledges-€3m-to-covid-19-vaccine-fundraiser
Greece is among dozens of nations that will help bankroll research into new treatments and a vaccination against the deadly novel coronavirus, pledging 3 million euros to the cause during a fundraising event on Monday....
https://knews.kathimerini.com.cy/en/news/police-checks-to-be-stepped-up-as-restrictions-loosen
Cyprus police won’t be easing up on checks as the island gradually begins to loosen restriction measures, on the contrary, patrols will be stepped up, the Chief of Police stressed....
https://knews.kathimerini.com.cy/en/news/more-cypriots-ditch-cash-during-pandemic
Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show
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https://knews.kathimerini.com.cy/en/news/coronavirus-death-toll-in-greece-at-136
The death toll from the coronavirus in Greece rose to 136 on Monday after two patients being treated in hospitals in northern Greece passed away, reports said.
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https://knews.kathimerini.com.cy/en/business/michael-kyprianou-co-llc-recognised-internationally-as-a-leading-cyprus-law-firm
Michael Kyprianou & Co LLC had the honour of been recommended for all its areas of practice. At the same time it has received top tier recognition in the fields of Dispute Resolution, Employment Law and Real Estate & Construction Law....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/new-decree-allows-repatriation-for-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....
https://knews.kathimerini.com.cy/en/news/government-funds-are-not-unlimited-finance-minister-warns
Finance Minister Constantinos Petrides said Monday that the government does not have unlimited funds with which to support the local economy during these tough times....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
