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2221. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

2222. Ward to treat suspected COVID-19 cases opens in Paphos General Hospital

A ward to deal exclusively with suspected coronavirus cases was placed in operation on Monday at the Paphos General Hospital....

2223. Israel to send 50 respirators to Cyprus in exchange for chloroquine

The Republic of Cyprus will be sending a quantity of chloroquine to Israel in the next few days, with Israel to reciprocate by sending 50 respirators to the island....

2224. Cruise ship crew taken to Limassol hospital

A crew member on an Italian cruise ship off the coast of Cyprus was taken to hospital after showing suspected symptoms of the coronavirus...

2225. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

2226. PwC: We support our people, clients and the society

2227. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

2228. Travelers speak of horror under quarantine

Dozens of travelers who arrived in Cyprus without a required health certificate for the coronavirus say they were hurried to the mountains in the dead of night and treated like “criminals” and “lepers"...

2229. COVID-19: GCC adopts a policy and provides work-from-home solutions #stayhome

At GCC we are taking all measures to prevent the spread of Covid-19 and safeguard the health of our staff and clients. ...

2230. CEOs: Drop in Optimism and Reversal of Sentiment

2231. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

2232. Deputy Minister for Research, Innovation and Digital Policy assumes duties

Kyriacos Kokkinos officially assumed his duties on Friday as Deputy Minister for Research, Innovation and Digital Policy, a Ministry established as part of promoting the government’s digital agenda....

2233. EU bans two Turks over drilling off Cyprus

The European Union has imposed sanctions on two Turkish nationals in connection with their company’s drilling activities off Cyprus...

2234. EAC vows to credit back overcharges

An undisclosed number of property owners in the Republic Cyprus were overcharged on their electricity bills in recent months, with the Cyprus Electricity Authority vowing to right a wrong in future billings...

2235. Cyprus and Norway prepare to sign energy MoU

Cyprus and Norway began preparations on Friday to sign a Memorandum of Understanding (MoU) on energy issues, that will contain provisions for the exchange of expertise in relation to the national hydrocarbon fund (sovereign fund), among other things....

2236. Erdogan says third Turkish drill ship to begin operations in 2020

Turkey has purchased its third offshore drilling ship which will arrive in Turkey next month, President Recep Tayyip Erdogan said on Wednesday, adding that the ship will begin operations in 2020. ...

2237. Officials deny weak spots in virus front lines

State health officials have denounced questions in the media over the handling of the coronavirus risk at airports, saying the image of the Republic of Cyprus was at stake...

2238. Israeli investment announced for Larnaca port

Transport Minister Yiannis Karousos hinted at a deal with Israeli investors, saying they are ready to throw 1 billion at Larnaca’s port project...

2239. Cyprus' Coronavirus front lines under scrutiny

Critics including medical professionals are raising questions over the handling of the coronavirus risk at ports of entry in the Republic of Cyprus...

2240. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

2241. Cyprus to purchase arms worth €240m from France

Contracts have been signed for the purchase of military equipment worth €240 million from France, Defence Ministry announced on Friday, confirming recent reports in French media....

2242. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

2243. Three killed in Istanbul plane crash

A Pegasus Airlines plane flying into Istanbul’s Sabiha Gokcen airport skidded off the end of a wet runway and broke into three pieces after landing on Wednesday, killing three people and injuring 179...

2244. Cyprus ready to conduct coronavirus tests locally

On Monday afternoon Cyprus will be ready to begin conducting specialised coronavirus tests, Health Minister Constantinos Ioannou said....

2245. Facebook to remove coronavirus misinformation

Facebook Inc said on Thursday it will take down misinformation about China’s fast-spreading coronavirus in a rare departure from its approach to health content, after the World Health Organization declared the outbreak a global health emergency....

2246. Cyprus gains ground in $92 million fraud case

MOKAS officers are making headway in an embezzlement case to the tune of $92 million involving a Cypriot company, after one of five suspects was taken into custody...

2247. Cyprus ratifies Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Mattersto Prevent Base Erosion and Profit Shifting(“the Multilateral Convention”) were published in the Official Gazette of the Republic in Greek and English, (“Multilateral Instrument”)...

2248. Nicosia’s Yazuz suspicions point to online leak

Cypriot officials at the Department of Environment say an entire study, which was inadvertently posted online in 2017, might have given Ankara a leg-up in the search for gas off the coast of Limassol...

2249. GCC achieves high Customer Satisfaction

2250. DP World Limassol agrees to revise policy

Transport Minister Yiannis Karousos has been promised a change of policy at DP World Limassol, with the company saying it would service more than two cruise ships in a given day following complaints...