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2311. 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....

2312. 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....

2313. President: Lockdown 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....

2314. 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....

2315. 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....

2316. 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....

2317. 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....

2318. 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...

2319. 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....

2320. 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....

2321. 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...

2322. Tax alert: Cyprus

2323. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

2324. EU leaders call for recovery plan

Cypriot President Nicos Anastasiades took part in a video conference with the EU leaders, as the bloc sought to find common ground on how best to share the burden...

2325. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

2326. North Cyprus bars entry to citizens from all countries, including Turkey

In a further escalation of measures amid the unfolding coronavirus health crisis, the north moved to bar entry from land, air, and sea, to all third country nationals, including Turkish nationals....

2327. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

2328. Elections in the north postponed for six months

Elections in the north that were set to take place in April have been postponed for six months amid mounting chain reactions of the coronavirus outbreak, Turkish Cypriot media reported on Tuesday....

2329. President: Partial lockdown of airports, schools to remain closed until April 10

President Nicos Anastasiades addressed the nation on Friday night after the week saw cumulative confirmations of coronavirus cases across the divide....

2330. Additional COVID-19 protection measures announced in the north

Turkish Cypriot ministers agreed on several additional coronavirus protection measures on Friday during their third emergency session on the unfolding pandemic....

2331. President to address nation on coronavirus

Cypriot president to announce social and economic measures to combat coronavirus spread before summer tourism...

2332. Coronavirus measures under scrutiny

Health measures rolled out on the island were the topic of conversation on Wednesday morning, as more people who came in contact with a Nicosia-based infected doctor tested negative for the coronavirus...

2333. Updated guidelines for arrivals from high-risk countries

Updated guidelines for travellers were issued on Tuesday afternoon by the Health Ministry, which bumped the UK from a Category 2 high-risk country to Category 3, reportedly due to fears of massive economic implications....

2334. The era of asymmetric threats

Kyriakos Mitsotakis would never have expected to star in a Greek edition of the perfect storm. Yet fate and events have put the Greek prime minister in charge of the country at a very crucial moment. He has shown determination in dealing with the migration/refugee issue, which has also bolstered his political image. The public was craving for a strong leader – a notion that was largely eclipsed by a sense of humiliation over the past 10 years....

2335. CEOs: Drop in Optimism and Reversal of Sentiment

2336. Cyprus Foreign Minister concludes first official visit to Skopje

Foreign Minister Nicos Christodoulides had by Wednesday night completed his round of talks in Skopje, where he held an official one-day visit to discuss a range of issues with his North Macedonian counterpart Nikola Dimitrov....

2337. FM in Skopje to discuss Cyprus, migration and East Med developments

The Foreign Minister of Cyprus, Nikos Christodoulides was on an official visit to North Macedonia on Wednesday to discuss the Cyprus issue, developments in the Eastern Mediterranean, migration and bilateral relations. ...

2338. Μeasures needed to curb flow of migrants through Green Line, Anastasiades tells Akinci

President of the Republic of Cyprus Nicos Anastasiades expressed grave concern about the “organised and increasing illegal flow of migrants through the Green Line” and told the Turkish Cypriot leader, Mustafa Akinci, that measures need to be taken. ...

2339. Cyprus says it cannot cope with migrant influx

The interior minister of the Republic of Cyprus says the island cannot host more “economic migrants” as another boatload of refugees arrived on Tuesday, clarifying that authorities would not send back those whose lives may be in danger...

2340. President says increasing migrant flows from Turkey distorting demographic

President Nicos Anastasiades expressed concern over the flow of immigrants from Turkey, which he said is an attempt to distort the demographic character of Cyprus....