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1471. 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....

1472. 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....

1473. EU pushes to unlock borders as coronavirus ravages travel

1474. 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.”...

1475. 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...

1476. 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....

1477. V-E Day marked the turning point towards a democratic, prosperous, and peaceful future

Today is the 75th anniversary of the Allied Victory in Europe in World War II - “V-E Day.” This is a day to remember and honor the shared sacrifice, enduring commitment, and unflinching bravery of the Allied forces and the underground movements in defeating Fascism in Europe. We also remember the immense sorrow and misery suffered by so many, and we recognize the bravery and sacrifice of tens of millions of civilians in the Second World War....

1478. Cabinet approves new bundle of support measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

1479. Man charged in Rottie death in Limassol

Police are investigating the death of a Rottweiler days after she was found injured inside a trash can in Limassol, while a local man has been charged in connection with the case...

1480. Greece pledges €3m, Cyprus €200,000 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....

1481. 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....

1482. Anti-vaxxer arrested over threats against expert

A local man in Nicosia was arrested on Wednesday after renowned virology professor Leondios Kostrikis told police he had received threatening voice messages...

1483. 'Better Days Are Coming' campaign calls on tourists to visit Cyprus

A new campaign launched by the Deputy Tourism Ministry promises that ‘Better Days Are Coming’, calling on tourists to begin making plans to visit Cyprus, where idyllic landscapes and crystal clear seas will be waiting to greet them....

1484. Chloroquine hype begins to wane

More doubts over chloroquine emerged this week, with new studies pointing to high risks and a US top health official saying he was fired after being pressured to direct money towards the “game changer” drug...

1485. WHO: Coronavirus likely of bat origin, no sign of lab production

The World Health Organization (WHO) said on Tuesday that all available evidence suggests the novel coronavirus originated in animals in China late last year and was not manipulated or produced in a laboratory....

1486. Civil society group launches petition demanding government covers rent, utility bills

A civil society group that formed in Cyprus amid the coronavirus outbreak to address urgent social concerns that have slipped through the cracks of the government’s support package launched a petition on Wednesday demanding that the government moves to cover rent and suspend utility expenses....

1487. Government funds 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....

1488. Morphou bishop defies church lockdown

Morphou Bishop Neophytos spoke out against decree orders on Palm Sunday, after accusing police officers of being “rude” and praised the Bulgarian government for keeping churches open...

1489. Supreme Court: public sector pay cuts during financial crisis constitutional

The Cyprus Supreme Court on Friday overturned earlier rulings by the Administrative Court, finding that cuts made to public sector employees’ salaries and pensions during the economic crisis of 2013 were in accordance with the Constitution....

1490. We will defeat our shared pandemic enemy and rise stronger in its wake

The story of U.S. leadership in the global battle against Covid-19 is a story of days, months, and decades. Every day, new U.S. technical and material assistance arrives in hospitals and labs around the world. These efforts, in turn, build on a decades-long foundation of American expertise, generosity, and planning that is unmatched in history....

1491. Bill sparks kosher debate in Cyprus

Animal rights advocates are up in arms over a new government bill that would allow slaughterhouses in the Republic of Cyprus to incorporate kosher rituals, a procedure described by animal rights activists as inhumane...

1492. 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....

1493. 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....

1494. Cabinet approves bills to decongest Central Prisons amid COVID-19 fears

Measures to decompress the overcrowded Nicosia central prisons where the risks associated with a potential spread of coronavirus are high were approved on Tuesday by the Cabinet....

1495. 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...

1496. Cyprus court issues first penalties for decree violations

The first two penalties were issued by a Cyprus court on Friday to violators of the decree restricting movement to the bare minimum....

1497. Cyprus evaluating effectiveness of chloroquine drug against coronavirus

A consultative committee of experts at the Cyprus Ministry of Health is evaluating the effectiveness against coronavirus of the drug chloroquine, used to treat coronavirus in China and widely available in Cyprus....

1498. Cabinet approves bill allowing courts to jail violators of Covid-19 decrees

The Cabinet on Thursday approved a bill allowing authorities to impose €150 fines on violators of the decrees issued on the basis of the Quarantine Law, while a second bill given the green light authorizes certain cases to go to court which will be able to impose a prison sentence and/or a fine of up to €3,000....

1499. 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....

1500. President, Presidential Palace staff undergo Covid-19 test

Cyprus President Nicos Anastasiades and Presidential Palace staff were tested for coronavirus on Tuesday as a precaution....