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1351. The superiority of transparency and efficiency

The Hellenic Republic signed a contract to purchase 44 torpedoes for its 214HN submarines, considered a significant asset against Turkey....

1352. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

1353. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

1354. Discover a world full of opportunities at UCLan Cyprus Open Day

The Open Day will take place on Wednesday, the 21st of July 2021, at UCLan Cyprus Campus in Larnaka, from 10:00 – 19:00....

1355. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

1356. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1357. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

1358. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

1359. Third lockdown brings new support schemes totaling €120m

New support measures to the tune of €120 million to address the effects Cyprus’ third total lockdown on employees and companies were announced by the Finance and Labour Ministers on Wednesday....

1360. Local gov reform heads for summer freeze

Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...

1361. 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....

1362. Cyprus updates risk-based travel list

The Health Ministry’s epidemiological unit issued an updated risk-based classification of countries on Monday, with changes to come into effect on April 8....

1363. Mountain region to get €400m revamp by 2030

The government’s plan to revitalise mountain communities by 2030 was presented on Thursday, with the grand project including more than 300 actions budgeted at €400 million....

1364. Cyprus wraps up cheese that grills

Cypriot President Nicos Anastasiades says the registration of halloumi and hellim with the European Union is “to the benefit of all Cypriot producers, Greek and Turkish” following Monday’s designation for the famous cheese that grills but not without protests on both sides...

1365. Cyprus to ease travel rules from April 1

The Health Ministry’s epidemiological unit issued on Monday a modified risk-based classification of countries, with changes to come into effect on April 1....

1366. Cyprus updates risk-based travel list

The Health Ministry’s epidemiological surveillance unit has re-evaluated the coronavirus risk-based classification of countries after the Cabinet agreed on an action plan last month for the resumption of flights and the reopening of Cyprus airports....

1367. US supports Greece, Cyprus, Israel power initiative

The United States is “supportive of connecting distribution grids of mainland Europe to Cyprus and Israel via the EuroAsia Interconnector,” a spokesperson for the State Department said on Thursday, after Ankara on Monday formally protested a memorandum of understanding signed last week between Israel, Greece and Cyprus for the construction of a 2,000-megawatt undersea electricity cable....

1368. Cyprus, Israel and Greece agree to link power grids via subsea cable

Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids....

1369. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

1370. Traditional Cypriot restaurants to get state boost

Deputy Tourism Minister Savvas Perdios announced on Wednesday that the Cabinet had approved a special grant scheme of the order of 420,000 euros in support of restaurants offering Cypriot cuisine, in a bid to help improve the image of traditional local gastronomy....

1371. Peter Piot: Vaccination passports a one-way street

Professor Peter Piot, advisor to the Commission President, speaks to ‘K’...

1372. Government announces new housing schemes and incentives

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the government....

1373. Cyprus updates risk-based travel list

The Health Ministry on Wednesday published the list of re-categorized countries with which the Republic of Cyprus maintains air connectivity, with the new three-tier risk-based categorization coming into effect on February 19....

1374. Minister grilled over digital ID bill

Recent discussion on electronic signatures has reintroduced persistent challenges in the digital ID debate, with Cyprus’ innovation minister facing tough questions this week during a House committee hearing...

1375. Turkey reportedly purchases fourth drillship

Turkish media on Tuesday were reporting the purchase of a fourth drillship by the government in Ankara....

1376. Cyprus imposes 72h quarantine on arrivals

The Cabinet on Wednesday agreed to impose a mandatory 72-hour quarantine period on all airport arrivals flying in from categories A and B, as well as a mandatory PCR test at the end of those three days....

1377. The key to a successful investment lies in… behaviour?

1378. Flamingo rescued in Paralimni had been shot

A Greater Flamingo that underwent surgery is said to be recuperating after it was found injured in Paralimni lake, with reports saying it lost an eye after being shot and it may never fly again...

1379. COVID-19 is adding new impetus to finance transformation

1380. EU trying to find ways around vaccine shortage

The European drugs regulator could soon give the go ahead for an extra sixth dose to be extracted from Pfizer-BioNTech Covid-19 vaccine vials, an EU official told Reuters on Wednesday, lifting the number of available shots at a time when supplies are short....