Search

1741. EY: Liquidity-fueled IPO markets break records in Q1 2021

1742. Odyssey leaves Cyprus after Haifa cancelation

Odyssey of the Seas sailed away from Cyprus on Tuesday after Royal Caribbean pulled the plug on operations out of Haifa, but Cypriot officials remain upbeat over cruise ships seeking a friendly port in Limassol...

1743. Another setback for police in spy van case

The Supreme Court in the Republic of Cyprus has recalled a number of court warrants in the high-profile spy van case, saying the sworn affidavits by police were not up to par...

1744. Official says hackers targeted vax website

The Cypriot government says it believes hackers were behind a cyber attack against the state’s website for vaccine appointment registration, after users said they were having technical problems using the site...

1745. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

1746. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

1747. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

1748. Larnaca seafront’s last oil tank gone

A video showing the removal of the last oil tank from Larnaca’s seafront was posted online Tuesday, revealing an unobstructed view of the ancient town’s blue waters after years of local and national efforts...

1749. Cyprus expected to land UK green list

EasyJet CEO Johan Lundgren said in comments published on Friday in the British press that Greece and Cyprus were expected to be among countries to enter a so-called Green List of the British Ministry of Transport as of May 17...

1750. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

1751. Jiu Jitsu director says Cyprus losing out

The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...

1752. US puts J&J shot on ‘pause’ as deliveries start across EU

The US Centers for Disease Control and Prevention and the Food and Drug Administration have recommended that use of the Johnson & Johnson single-dose Covid-19 vaccine be put on “pause,” pending an investigation into reports of potentially “dangerous” clots....

1753. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

1754. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

1755. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...

1756. Cyprus expecting 60,000 Covid doses this week

1757. President meets with EU Health Commissioner in Nicosia

President Nicos Anastasiades met with the EU Commissioner for Health and Food Safety, Stella Kyriakides on Monday to discuss EU efforts to combat the Covid-19 pandemic....

1758. EU pledges to keep AstraZeneca doses in the bloc for now

The European Union will ensure that coronavirus vaccines produced by AstraZeneca within the bloc stay there until the company returns to fulfilling its delivery commitments, Internal Market Commissioner Thierry Breton said on Friday. ...

1759. Halloumi cheese to get PDO stamp

The Commission’s Quality Committee on Friday put its eagerly-awaited stamp of approval on Cyprus’ request for registering halloumi/hellim as a product of Protected Designation of Origin (PDO). ...

1760. Police probe suspicious rapid test invoices

Police are investigating allegations of fraud after suspicions emerged that a private company was claiming payments for rapid tests that never took place...

1761. EY Academy of Learning & Development introduces a new Web-Based Learning initiative

EY Cyprus is proud to announce the launch of a new Web-Based Learning (WBL) initiative, an expansion of the offerings of the EY Academy of Learning and Development...

1762. UK variant gaining ground in Cyprus

Health Minister Constantinos Ioannou expressed concern over the spread of the British coronavirus variant in Cyprus, issuing a fresh call to the public to comply with measures in place to contain the pandemic so that "the worst scenario can be averted."...

1763. Interior Minister fires Kouklia head councilor

A whistleblower head councilor in Paphos district has been relieved of his duties this week by the interior minister, who has placed the local council of Kouklia under the administration of the district chief officer following pandemonium in the heavily-audited community...

1764. 'I trust AstraZeneca', EU chief says

The European Union’s chief executive criticized Anglo-Swedish vaccine-maker AstraZeneca on Wednesday, accusing the embattled pharmaceutical company of delaying Europe’s coronavirus vaccination campaign and warning that the EU is weighing export bans to ensure supplies....

1765. EU regulator ‘convinced’ AstraZeneca benefit outweighs risk

With coronavirus cases rising in many places, governments faced the grimmest of dilemmas Tuesday: push on with a vaccine that is known to save lives or suspend use of AstraZeneca over reports of dangerous blood clots in a few recipients, even as the European regulator said there was “no indication” the shot was responsible....

1766. Major UK tour operator sees bookings to Cyprus triple

The UK’s second biggest tour operator Jet2holidays saw bookings for Cyprus and Greece skyrocket after the two countries announced they would be prepared to receive British tourists come May...

1767. Power outage refuels reform debate

A technical failure in the Vasilikos power plant was quickly restored Thursday morning, after rendering areas all over the Republic of Cyprus without electricity at a time when unions are up in arms over reforms in the industry...

1768. Limassol restaurants accepting 'chosen' customers through back door

Against the backdrop of intensifying concerns over the island’s deteriorating epidemiological situation, culminating in the government’s decision to hold off on announcing any further relaxations on Wednesday, some appear to not be fully grasping the severity of the situation and are flouting restrictions in place to curb the spread of the virus....

1769. Florida giant denies Huawei in Cyprus

An American company has put words into action in the middle of global 5G wars, with Phoenix Tower International and Monaco Telecom announcing an agreement that includes acquiring newly constructed wireless towers across Malta and Cyprus...

1770. The bet that Cyprus is winning

The decision taken yesterday by Germany’s Standing Committee on Vaccination (STIKO) to allow the administration of the AstraZeneca vaccine to those aged over 65 years old was met with strong reactions domestically due to the bad reputation built up for the vaccine by the early statements of German officials on the efficacy of the specific jab....