https://knews.kathimerini.com.cy/en/news/eurozone-set-for-record-recession-eu-commission-warns
The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....
https://knews.kathimerini.com.cy/en/news/tourism-dogma-piques-israel-s-interest
The Israeli tourism minister says his country is looking into the possibility of joining a safe zone for travel that is currently in the works between Cyprus and Greece...
https://knews.kathimerini.com.cy/en/news/drilling-activities-in-cyprus-eez-postponed-until-2021
After ExxonMobil recently postponed drillings scheduled for 2020 in the Cyprus Exclusive Economic Zone (EEZ), the Italian-French ENI-TOTAL drilling consortium followed suit, it emerged on Monday....
https://knews.kathimerini.com.cy/en/news/cyprus-president-and-greek-premier-discuss-handling-of-the-pandemic
President of Cyprus Nicos Anastasiades and Greek Premier Kyriakos Mitsotakis shared a telephone call on Monday to exchange views on the handling of the coronavirus pandemic and its aftermath....
https://knews.kathimerini.com.cy/en/news/cyprus-emerges-from-lockdown
Economic activity in Cyprus was set to resume on Monday during an initial phase of easing coronavirus lockdown measures, but business is not as usual as the president of the Republic is calling on citizens to behave responsibly...
https://knews.kathimerini.com.cy/en/news/exit-roadmap-foresees-economy-on-recovery-path-by-q3-2020
Finance Minister Constantinos Petrides said Thursday that the government’s lockdown exit roadmap, aspects of which were presented by the President on Wednesday night, aims to see the island’s economy on the path of recovery by the fourth quarter of this year....
https://knews.kathimerini.com.cy/en/news/cabinet-convenes-to-decide-on-measures
The Cabinet in the Republic of Cyprus convenes Wednesday morning in order finalize plans for easing restrictions and restarting the economy as signs show COVID-19 infections winding down...
https://knews.kathimerini.com.cy/en/news/report-draws-attention-to-migrant-centres
A report published this week by Ombudswoman Maria Stylianou-Lottides takes stock of current conditions in migrant facilities in the Republic of Cyprus, pointing out medical challenges, problems associated with weather, and asylum issues...
https://knews.kathimerini.com.cy/en/news/greece-extends-lockdown-until-may-4
Greece will extend measures taken to stem the spread of the coronavirus in the country by one week to May 4 from April 27, government spokesman Stelios Petsas announced Thursday....
https://knews.kathimerini.com.cy/en/news/lagarde-draws-line-on-how-far-ecb-largesse-can-go
European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....
https://knews.kathimerini.com.cy/en/news/greece-eyes-gradual-easing-of-lockdown-measures
The Greek government is working on a plan to ease some of the restrictions that have been introduced to curb the spread of the coronavirus, with Prime Minister Kyriakos Mitsotakis expected to make announcements next week....
https://knews.kathimerini.com.cy/en/news/turkey-‘maximalist-and-uncompromising-attitude-of-greece-and-cyprus-threatens-regional-peace
Turkey has reacted to Greece’s condemnation Tuesday of the country’s newly declared drilling within the exclusive economic zone (EEZ) and continental shelf of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/greece-condemns-turkey-s-drilling-intentions-in-cyprus-eez
Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....
https://knews.kathimerini.com.cy/en/news/future-of-rescued-refugees-in-north-unknown
The fate of 175 Syrian refugees, trapped in the north of the island amid the coronavirus pandemic, remains unknown while a human rights group is calling on Greek Cypriot authorities to take them in...
https://knews.kathimerini.com.cy/en/news/cyprus-to-prepare-three-stage-coronavirus-exit-strategy
The Cabinet on Wednesday approved the island’s lockdown exit strategy, which foresees the resumption of the operation of vital sectors of the economy in early May....
https://knews.kathimerini.com.cy/en/news/eu-unveils-virus-exit-roadmap-hoping-to-avoid-more-chaos
The European Union moved Wednesday to head off a chaotic and potentially disastrous easing of restrictions that are limiting the spread of the coronavirus, warning its 27 nations to move very cautiously as they return to normal life and base their actions on scientific advice....
https://knews.kathimerini.com.cy/en/news/government-funds-are-not-unlimited-finance-minister-warns
Finance Minister Constantinos Petrides said Monday that the government does not have unlimited funds with which to support the local economy during these tough times....
https://knews.kathimerini.com.cy/en/news/we-ve-learnt-nothing-from-euro-crisis-ex-ec-president-juncker-says
In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...
https://knews.kathimerini.com.cy/en/news/exxonmobil-puts-cyprus-plans-on-hold
ExxonMobil's crucial drilling plans to confirm a large gas deposit south of Cyprus have been put on hold, with a local media report citing delays due to the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/news/supreme-court-public-sector-pay-cuts-during-financial-crisis-constitutional
The Cyprus Supreme Court on Friday overturned earlier rulings by the Administrative Court, finding that cuts made to public sector employees’ salaries and pensions during the economic crisis of 2013 were in accordance with the Constitution....
https://knews.kathimerini.com.cy/en/news/1-government-to-spend-€850m-in-direct-support-until-june
The Cypriot government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to €849 million or 3.5% of GDP....
https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis
This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....
https://knews.kathimerini.com.cy/en/news/president-measures-extended-until-end-of-april
Lockdown and other measures in place to contain the coronavirus outbreak will be extended until April 30, with no exceptions to be made during the Orthodox Easter period, President Nicos Anastasiades said in his televised national address on Wednesday night....
https://knews.kathimerini.com.cy/en/news/over-23-000-applications-filed-for-suspension-of-loan-payments
More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/1-covid-19-death-toll-in-greece-rises-to-81
Greece’s coronavirus toll has risen to 81 with the death of a 42-year-old man in the northern port city of Thessaloniki and of an 84-year-old woman in Athens....
https://knews.kathimerini.com.cy/en/business/employers-and-employees-in-the-age-of-covid-19-a-looming-battle
In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....
https://knews.kathimerini.com.cy/en/news/euro-zone-ministers-look-for-economy-quick-fixes
Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....
https://knews.kathimerini.com.cy/en/news/tracking-app-promoted-to-combat-pandemic
An EU-funded research centre in the Republic of Cyprus is calling on people to install a new app called CovTracer to help limit the spread of coronavirus, amid concerns regarding privacy and effectiveness of tracking applications...
https://knews.kathimerini.com.cy/en/news/israel-cyprus-medical-cooperation-and-innovation-in-the-time-of-coronavirus
The world’s population is currently facing a major crisis. Governments are taking drastic measures to curb the spread of the Coronavirus. The first priorities are to take preventive measures, to provide the best possible life saving medical care and to maximize the scientific capabilities to face the epidemic. Steps are taken also to minimize the economic impact....
https://knews.kathimerini.com.cy/en/news/eu-procures-medical-equipment-worth-€2-5m-for-turkish-cypriot-community
The EU has stepped up to assist the Turkish Cypriot community in its battle against coronavirus, procuring €2.5m worth of medical equipment and mobilizing 25 medical specialists who will be sent to the north for three months....
