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601. Diverse weather conditions to continue through the weekend

Heavy thunderstorms on the Limassol - Nicosia highway around 11:40 on Friday morning (19/11) resulted in slower traffic speeds....

602. Bad weather still looms after wet weekend

An unstable weather pattern producing heavy winds and thunderstorms is still affecting parts of the island, following reports of flooding incidents in Larnaca over the weekend that also caused flight diversions and delays at the airport...

603. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

604. The cost of Erdogan’s behavior

Driven by arrogance and his neo-Ottoman ambitions, Recep Tayyip Erdogan behaves as if Turkey is some sort of unbound superpower which is immune to criticism...

605. The international festival of Nicosia

On Saturday, October 30, the Nicosia International Festival raises the curtain with 21 productions, 26 performances and dozens of artists....

606. ‘A Dark Room’: excerpts from Alexis Papachelas’ forthcoming book

“The nut, he went and did what we didn’t,” said Greek dictator Georgios Papadopoulos the morning of July 15, 1974 after he found out that Dimitris Ioannidis, the junta’s military police chief, had orchestrated a coup to overthrow Cyprus President Archbishop Makarios....

607. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

608. 3,000 barrel oil spill off the coast of Southern California

A large oil spill off southern California has left behind dead fish, contaminated wetlands and birds stuck in the oil, with local officials talking about an environmental disaster....

609. Protected too late: US Officials report more than 20 extinctions

The ivory-billed woodpecker, which birders have been seeking in the bayous of Arkansas, is gone forever, according to federal officials....

610. Exness awarded as Cyprus’ Best Workplace 2021

On June 30th, Exness won the award for Best Workplace in the presence of the country’s most senior political and business leaders. ...

611. Jewel sets sail fully vaccinated from Limassol

The Jewel of the Seas sets sail from Limassol on Saturday marking the beginning of Royal Caribbean’s return to the Mediterranean, a bold move mid-pandemic after Cypriot authorities jumped on board to offer a helping hand to an industry desperately looking for a welcoming port...

612. 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...

613. Fact sheet puts US-Cyprus ties at historic high

The US State Department’s latest fact sheet on the Republic of Cyprus heralds a bright future of cooperation between the countries, with relations between the superpower and the island nation described as being at a historic high...

614. Greek on ‘highjacked’ plane draws attention

Many questions remained unanswered in the aftermath of the forced landing of a Ryanair flight in Belarus, including the identity of five passengers that got off at Minsk and a report saying one of them was a Greek national...

615. West furious over Belarus ‘hijacking’ plane

A passenger plane flying from Athens to Lithuania was diverted to Belarus on Sunday, with reports suggesting secret foreign agents in the Greek capital took part in a plot described as a 'state hijacking' by Minsk to arrest a political dissident on board...

616. 2021 KPMG CEO Outlook Pulse Survey

617. 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....

618. No foul play in dam fishing death

Police suspect no foul play following a deadly fishing incident in Lymbia, where a young man lost his life while trying to retrieve a remote control device in the water...

619. Blinken says US fully engaged on Cyprus

US Secretary of State Antony Blinken says American diplomacy will be “fully engaged” on the Cyprus issue, with Washington calling out aggressive actions in the eastern Mediterranean but also supporting positive developments...

620. 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....

621. The hidden world of soil and why we need to protect it

In the wake of the climate crisis over the last decades, we all talk about the state of the air we breathe and the quality of our water; both undoubtedly invaluable and essential to all life forms. However, we very often forget another key player; the part of Earth right under our feet, the soil....

622. 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...

623. 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....

624. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

625. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

626. 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....

627. 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...

628. Deadly collision at sea off Turkish coast

Five people on board a Turkish fishing boat were killed after a collision with a Greek-flagged tanker off Turkey’s Mediterranean coast...

629. President's Cabinet to rethink COVID strategy

President Nicos Anastasiades has called for an emergency Cabinet meeting on Monday, after data over the weekend appeared to suggest that things were taking a turn for the worse despite hard work and added measures...

630. 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...