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511. Moderna to seek US, EU authorization for vaccine on Monday

Moderna Inc will apply for US and European emergency authorization for its Covid-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said....

512. Cyprus drilling programme to resume in mid-2021

The Cyprus hydrocarbon exploration programme will resume in the second half of 2021, energy minister Natasa Pilides said Tuesday, noting however that the pandemic has rendered drilling projects “increasingly complex.”...

513. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

514. Highways clog as authorities issue travel ban specifics

The health ministry on Friday clarified that 12 categories of people are exempted from the travel ban enforced on the Limassol and Paphos districts until the end of the month, but said that as of next Wednesday, November 18, each person wanting to get through the roadblocks will have to show proof of a negative coronavirus test taken no more than seven days prior....

515. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...

516. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

517. UNSG ready for new round of Cyprus talks

In a letter to the President of the Republic of Cyprus Nicos Anastasiades, UN Secretary General Antonio Guterres expressed his readiness to resume talks for a settlement of the Cyprus Problem on the basis of convergences already reached, including agreements during the Berlin meeting of November 2019, but also in accordance with Security Council Resolutions....

518. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

519. Megatrends that will shape the future

EY’s recent report, Megatrends 2020 and beyond, examines the new "megatrends", the forces that created them and their potential impact...

520. Microsoft plans $1 billion data center venture in Greece

Microsoft has announced plans to build three data centers in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been hammered by the pandemic....

521. The EU did not act in united fashion, Cyprus President tells Le Figaro

In an interview with the French daily Le Figaro published Thursday, President Nicos Anastasiades said that in responding Turkey’s actions in the eastern Mediterranean, the EU did not act in a decisive and united fashion, while refuting that Cyprus vetoed sanctions against Belarus....

522. UK, Swedish travel agents regaining confidence in Cyprus

Major travel agents from Britain and Sweden seem to be overcoming their reservations regarding the mandatory coronavirus test and are starting to bring tourists to Cyprus again, Transport Minister Yiannis Karousos said Friday, speaking before the Parliamentary Transport Committee....

523. Stern warning issued to Turkish vessel

Amid heightened tensions, Greek military sources have told Kathimerini that if cables of the Turkish Oruc Reis seismic research vessel touch the Greek continental shelf, Turkey will have the “complete and exclusive” responsibility for what will follow....

524. Presidents of Cyprus, Greece discuss escalating Turkish provocations

Cyprus President Nicos Anastasiades and Greece’s President Katerina Sakellaropoulou held their first meeting in Athens on Tuesday, focusing the discussion on Turkey’s actions in the region and the close ties between the two countries....

525. EU raises its bet on blood plasma in search for Covid-19 treatment

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc’s growing confidence in the experimental treatment....

526. 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.”...

527. Cyprus FM holds telephone conversation with new Iraqi FM

Cyprus Foreign Minister Nikos Christodoulides shared on Thursday a telephone conversation with the new Foreign Minister of Iraq Fuad Hussein...

528. Perdios: Cyprus expects just 30% of last year’s tourists

Cyprus expects to attract just 30% of the four million tourists that visited the island last year, deputy minister for tourism Savvas Perdios said, claiming that this year will without a doubt be very tough for the local tourism sector, but the epidemiological data of the island and countries from which it expects tourists will ultimately have the final say....

529. 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....

530. Greek PM says Greece ready for any challenge

Amid renewed tensions with Turkey in the Eastern Mediterranean, Prime Minister Kyriakos Mitsotakis stressed on Wednesday that Greece “will face all challenges with consistency, stability, confidence and always with a commitment to international law, as it always does.”...

531. Cyprus scores Wizz Air base in Larnaca

Cypriot aviation scored a big win this week after Wizz Air said it would turn Larnaca airport into a base, as the island is trying to restore connectivity and the airline industry going through a hygiene makeover...

532. Empty middle seat? Depends on which country you are flying in

In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle seat open....

533. Migrant camp declared ‘local infected area’

Human rights advocates in the Republic of Cyprus are crying foul over the government's handling of asylum seekers at Pournara camp, after the health ministry declared the migrant centre a “local infected area” citing public health laws due to an infestation...

534. Companies in Cyprus ready for the new norm

CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...

535. Zero new cases 'a utopia', Health Minister says

There’s no perfect recipe that’s been implemented across the world to get out of the lockdown successfully, the Health Minister said Tuesday, noting that we shouldn’t be concerned that we haven’t seen days with zero new cases, as that would be “utopian”....

536. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

537. 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...

538. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

539. CEOs: Drop in Optimism and Reversal of Sentiment

540. Economic sentiment in Cyprus falls in February due to weaker business confidence in services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020....