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1. 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'...

2. Cyprus issues temporary vax docs for travel

The Republic of Cyprus began on Tuesday issuing a temporary COVID-19 vaccination certificate to citizens who wish to travel abroad in June, with the paper document valid until the new European Digital COVID Certificate is scheduled to be introduced on July 1...

3. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

4. 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...

5. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

6. Cyprus jumps the gun on Sinopharm

Travelers who have been inoculated with Sinopharm can now visit freely the Republic of Cyprus, but it is up to other EU member states to accept the Chinese vaccine if the latest draft version for a COVID certificate is adopted in Strasburg next month...

7. Shipping Industry Cyprus - B2B Meetings with German Companies

8. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

9. Cabinet under pressure to modify safe pass

There are reports of second thoughts over the scope of Cyprus’ safety pass with Kathimerini reporting that grievances within the hospitality industry have reached the Presidential Palace, putting enormous pressure on the health minister to water down rules pertaining to restaurants...

10. 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...

11. 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 that can bolster transparency on the island...

12. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

13. How can digital government connect citizens without leaving the disconnected behind?

Governments should focus on inclusive digitalisation by improving digital literacy and promoting virtual interaction, and this could be achieved by providing digital resources like laptops and tablets in order to get people online and run programs to improve the digital skills...

14. Biden: I have not given up on the Cyprus issue

US President Joe Biden has pledged that he has not given up on the Cyprus issue...

15. Anastasiades stays focused on getting EU at Geneva table

President Nicos Anastasiades delved extensively into the substantive role the EU has to play at upcoming Cyprus peace processes during a teleconference convened Friday by the European Council President Charles Michel with EU leaders....

16. 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...

17. EU nips green pass debate in the bud

The EU's plan to get people traveling again with a Green Pass is expected to defer to member states on key decisions, such as whether to accept Russian and Chinese vaccines in the program...

18. 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...

19. 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....

20. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

21. EU broaches COVID passport subject

The European Commission will present a proposal in March on creating an EU-wide digital vaccination passport, Commission president Ursula von der Leyen said on Monday...

22. R&I ecosystems of Cyprus and Israel exchange expertise

Stakeholders of the Cyprus Research and Innovation ecosystem had the opportunity to gain a comprehensive view of Israel’s experience and expertise in the field of innovation and entrepreneurship, through a series of digital lectures that took place in January – February....

23. 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...

24. Christodoulides, Dendias hold talks in Athens

Cypriot Foreign Minister Nikos Christodoulides met with his Greek counterpart in Athens on Friday on the sidelines of the Friendship Forum held Thursday in what was seen as an effort by Greece to expand its network of allies from the Mediterranean to the Gulf....

25. Friendship Forum highlights cooperation to meet regional challenges

Foreign ministers and senior officials from several EU and Persian Gulf countries met in Athens on Thursday, as Greece seeks to expand alliances to counter tension with regional rival Turkey....

26. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

27. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

28. Cyprus launches online social insurance payment system

Cyprus’ new online system for the payment of social insurance contributions was presented on Thursday by Labour Minister Zeta Emilianidou and Deputy Minister for Research, Innovation and Digital Policy Kyriakos Kokkinos....

29. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

30. Vaccination slots this week booked solid

Vaccinations for those aged of 80 began on Tuesday after vaccinations for the first priority group – healthcare workers dealing with coronavirus patients and nursing home workers and residents – successfully wrapped up on Monday, with the health ministry announcing that time-slots are already booked solid....