https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/elections-in-the-north-postponed-for-six-months
Elections in the north that were set to take place in April have been postponed for six months amid mounting chain reactions of the coronavirus outbreak, Turkish Cypriot media reported on Tuesday....
https://knews.kathimerini.com.cy/en/news/eu-to-launch-€37bn-coronavirus-investment-initiative
The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc’s economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday....
https://knews.kathimerini.com.cy/en/news/government-to-step-in-with-financial-injections
The Finance Minister is expected to announce a bundle of support measures for companies, consumers, and workers affected by the coronavirus outbreak on the island....
https://knews.kathimerini.com.cy/en/news/finland-to-accept-175-asylum-seekers-from-cyprus-and-other-mediterranean-countries
The government of Finland announced on Thursday that it will be accepting up to 175 asylum seekers from Cyprus, Greece, Malta and Italy, in a bid to facilitate their humanitarian situation in EU member states in the Mediterranean....
https://knews.kathimerini.com.cy/en/news/greek-pm-meets-with-five-eu-leaders-over-bloc-s-budget
Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....
https://knews.kathimerini.com.cy/en/news/summit-standoff-as-eu-leaders-grapple-with-brexit-sized-hole-in-budget
EU leaders made no headway on Thursday in fractious talks on a joint 2021-27 budget that was left with a 75 billion-euro (62.9 billion pounds) hole after Britain’s departure at a time when they face costly new challenges from climate change to migration....
https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-foreign-minister-to-attend-munich-security-conference
The Foreign Minister of Cyprus Nikos Christodoulides, departs on Friday for Munich, to attend the Munich Security Conference, taking place between February 14-16....
https://knews.kathimerini.com.cy/en/news/jiu-jitsu-director-prepares-for-next-hollywood-film-shoot-to-begin-in-april
After the successful production of the Kung Fu film ‘Jiu Jitsu’ in Cyprus last summer starring Nicholas Cage, the island will by the end of April be hosting the Dimitris Logothetis’ new film, ‘Man of War’....
https://knews.kathimerini.com.cy/en/news/in-paris-visit-greek-french-ministers-agree-to-boost-investments
Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....
https://knews.kathimerini.com.cy/en/news/greek-pm-meeting-with-macron-in-paris
Greek Prime Minister Kyriakos Mitsotakis has arrived in Paris for talks with French President Emmanuel Macron at the Elysee Palace.
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https://knews.kathimerini.com.cy/en/news/foreign-powers-back-libya-ceasefire
Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky truce in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal to commander Khalifa Haftar that could cripple the country’s crude production...
https://knews.kathimerini.com.cy/en/news/eastmed-bill-squeezed-through-federal-budget
US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/us-arms-embargo-to-be-lifted-on-conditions
President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...
https://knews.kathimerini.com.cy/en/news/finance-committee-releases-jiu-jitsu-money
The finance committee has released funds set aside to pay for Jiu Jitsu, despite accusations from MPs on the left that something did not add up in the recently-launched cash rebate scheme...
https://knews.kathimerini.com.cy/en/news/mps-stalling-jiu-jitsu-cash-rebate
A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...
https://knews.kathimerini.com.cy/en/news/president-lauds-outgoing-finance-minister
President Nicos Anastasiades thanked outgoing Finance Minister Harris Georgiades for the work he has done in steering the economy “out of deep crisis towards growth" ...
https://knews.kathimerini.com.cy/en/business/growth-momentum-moderates-in-cyprus-according-to-european-commission-autumn-economic-forecast
"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....
https://knews.kathimerini.com.cy/en/news/cyprus-soon-to-fulfill-schengen-obligation
The Republic of Cyprus declared its readiness to become a member of the Schengen Area and awaits EU evaluation, Foreign Minister Nikos Christodoulides announced on Monday
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https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces
Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....
https://knews.kathimerini.com.cy/en/business/social-determinants-undermine-the-progress-of-modern-medicine
The rise in illnesses caused by our behaviours and the social determinants of health threatens to suffocate budgets in both wealthy and poor countries, while suppressing the power of modern medicine to improve lives...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/nicosia-awaits-eu-council-decisions
The President of Cyprus Nicos Anastasiades expressed on Tuesday his satisfaction over the decision of EU Foreign Ministers with regard to Turkey’s illegal drilling activities in the Eastern Mediterranean, and said he expected the European Council to endorse sanctions in its upcoming meeting...
https://knews.kathimerini.com.cy/en/news/ayia-napa-rape-accuser-back-in-court
The Ayia Napa rape accuser was expected back in court on Tuesday where she is facing charges of public mischief, with her defence taking issue with how the complaint was investigated and how their client was treated by police...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-profit-of-€59-1-million-in-first-half-of-2019
The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank.
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https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
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https://knews.kathimerini.com.cy/en/comment/opinion/looking-for-true-followers
Surely it is time for Greece’s most affluent citizens to step up, not out of self-interest, but in order to help the country through this critical time. As it starts to recover from bankruptcy, the country finds itself with scant resources and huge needs in key areas. Virtually all sectors – including defense, health, education and culture – have been seriously impacted by successive waves of budget cuts, a situation that has been aggravated by the failure of Greek politicians to implement bold measures.
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https://knews.kathimerini.com.cy/en/news/cyprus-to-fully-repay-imf-loan-in-2020
According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP
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