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1951. Government unleashes new bundle of support measures

Along with the new restrictions imposed to curb the recent spike in coronavirus cases, the labour minister Zeta Emilianidou said Thursday that the Cyprus government agreed on a new batch of support measures budgeted between 130 and 150 million euros....

1952. Cyprus tightens restrictions, imposes 11pm curfew

In a national address on Wednesday night, the Cyprus President Nicos Anastasiades said the government was obliged to take tough decisions for stricter measures as the island was no exception to Europe’s second coronavirus wave, before the health minister stepped in to outline the new measures that come into effect on Thursday....

1953. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

1954. Cyprus records deficit of €800 million in Q2

Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....

1955. Cyprus turns back clock this weekend

People in Cyprus will get an extra hour of sleep Sunday morning, as clocks will fall back to winter time on Saturday after midnight, marking the end of Daylight Saving Time...

1956.  KPMG's Vasiliou first Chairman of Cyprus-Australia Business Association

The Cyprus Chamber of Commerce and Industry (CCCI) announced the launch of the Cyprus - Australia Business Association, aiming to further promote, expand and encourage business relations between Cyprus and Australia...

1957. 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...

1958. President defends block on audit office

President Nicos Anastasiades invoked the Constitution during a televised interview, saying the job description of the auditor general, who is currently seeking information on foreign nationals linked to a casino project, does not authorize him to 'have a say in everything'...

1959. Digital Agenda Cyprus Summit registration now open!

The 3rd Digital Agenda Cyprus Summit 2020 will take place online tomorrow, Wednesday October 21, and participation is free of charge. The Summit will seek to highlight significant issues and particularities of today’s world, while addressing the heightened needs for specialized knowledge against the backdrop of our ever-changing reality. ...

1960. Megatrends that will shape the future

EY’s recent report, Megatrends 2020 and beyond, examines the new "megatrends", the forces that created them and their potential impact...

1961. Contact tracing team racing against time

The Republic’s contact tracing team is racing against time as the number of contacts of confirmed cases have been flying off the charts over the past few days, placing health authorities on alert....

1962. Ken Hughes at Digital Agenda Cyprus Summit 2020 once again

Ken Hughes is now acknowledged as being one of the world’s leading authorities on consumer, shopper and cyber shopper behaviour. He is internationally renowned for helping his largely blue-chip client base to understand the physical, digital and future consumer....

1963. Turkish Cypriots choose leader as Cyprus talks reboot looms

Turkish Cypriots vote Sunday to choose a leader who'll explore, along with Greek Cypriots, whether there's enough common ground left for a deal to end the island's decades of ethnic division....

1964. Government okays schemes tackling unemployment

The Cabinet on Wednesday approved three new schemes aiming to motivate the hiring of unemployed persons, ex-convicts, and youth, budgeted at €31 million....

1965. Microsoft plans $1 billion data center venture in Greece

Microsoft has announced plans to build three data centers in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been hammered by the pandemic....

1966. Chaos reigns in first Trump-Biden debate

President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump’s record on the coronavirus pandemic, healthcare and the economy in a chaotic and bad-tempered first debate marked by personal insults and Trump’s repeated interruptions...

1967. Winter season a window of opportunity for tourism

With the tourism sector’s performance this summer having refuted even the most optimistic forecasts that were made, the question for tour operators is what more can be done over the next period to reduce the big losses. As such, everyone's attention has shifted to the winter period that begins next November and ends in March 2021....

1968. Greek PM urges use of masks, compliance to avert lockdown

Greek Prime Minister Kyriakos Mitsotakis appealed to the public on Thursday to wear masks and comply with health safety regulations so that stricter coronavirus containment measures can be averted, saying that it is a choice between “self-protection and lockdown.”...

1969. Transport minister reveals future plans for trains, trams in Cyprus

"The Republic of Cyprus recognizes that the railways can play an important role in improving the efficiency of the transport of goods and people, for short and long distances," transport minister Yiannis Karousos said Monday during a teleconference shared with his European counterparts...

1970. FinCEN Files: Cyprus banks embroiled in dirty money leak

Leaked documents from the Financial Crimes Enforcement Network, dubbed the FinCEN files, have revealed that several of the world’s major banks allowed over 200,000 suspicious financial transactions valued at around $2 trillion to be moved over a period of almost two decades, with 897 of those transactions made by Cypriot banks....

1971. EU solidarity to go beyond words, Michel tells Anastasiades

In a meeting with the European Council President Charles Michel on Wednesday, the President of the Republic of Cyprus expressed hope that EU member states will show a united front during next week’s extraordinary European Council summit on Turkey....

1972. Sanctions unfeasible and ineffective

Nathalie Tocci was a close adviser to former EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, during the years when the Cyprus Problem came – according to many - closer than ever to a solution. Today, she is a close advisor to Josep Borrell and, having monitored the Cyprus Problem for many years and having played a central role in the effort to formulate a European strategy for foreign policy, she has a strong view not only on Cyprus but also on the Greek-Turkish conflict. At the same time, she takes a critical approach to the efforts exerted by Athens and Nicosia to link sanctions against Turkey with those against Belarus. ...

1973. Banks must prepare for a new cycle of NPLs due to Covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

1974. Cyprus adopts new road safety plan for 2021-2030

The Road Safety Council on Wednesday adopted a new strategic plan for 2021-2030 that aims to cut road deaths by half, with the plan to introduce harsher penalties and traffic cameras....

1975. Cyprus problem, Varosha on MED7 summit agenda

The Cyprus problem, Turkey’s activities in the eastern Mediterranean and in the fenced-off ghost town of Varosha, will be on the agenda of MED7 summit to take place on Thursday....

1976. Government extends support schemes until end October

The Cabinet on Thursday decided to extend current government support programs aiming to cushion the blow of the coronavirus pandemic until the end of October, Labour Minister Zeta Emilianidou said....

1977. Golden passports scheme to remain as is

The citizenship-by-investment program will not be terminated, nor will it be suspended for a short period as a way of managing the crisis developing crisis, the government decided during its Tuesday morning coffee at the Presidential Palace. What was strongly tabled was that a potential freezing or termination of the investment program at this point in time would send a message that the government is acting in light of the Al Jazeera publications, and that by extension, that it accepts them....

1978. KPMG Property Lending Barometer 2020

1979. House President calls for suspension of 'golden passports' scheme

House President Demetris Syllouris has formally suggested to President Nicos Anastasiades that the Cyprus citizenship-by-investment scheme is paused until decisions for its improvement or even complete termination are taken, and called for a meeting of party leaders to discuss the scheme that has recently attracted international attention after a document leak led to a series of articles and videos published by the media network Al Jazeera....

1980. EU set to sanction Turkey over ships in disputed East Med exploration area

The European Union is preparing sanctions against Turkey that could be discussed at the bloc's next summit on September 24 in response to the Eastern Mediterranean dispute with Greece, the EU’s top diplomat said on Friday. ...