https://knews.kathimerini.com.cy/en/news/tourism-sector-in-ayia-napa-protaras-records-€15m-loss-in-2020
The tourism sector of the eastern coastal destinations of Ayia Napa and Protaras suffered losses estimated at €15 million during the current tourist season as a result of the stem in tourist arrivals against the backdrop of the ongoing coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/eu-mulls-legal-action-against-cyprus-golden-passports
The foreign media network Al Jazeera, that has this week been publishing a series of articles and videos on the murky side of the Cyprus ‘golden passports’ program after it was leaked classified documents, reported that the European Commissioner for Justice Didier Reynders is looking into the possibility of legal action against Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-a-stab-at-al-jazeera-propaganda
The daily publication of reports by the foreign media network Al Jazeera targeting the Cyprus citizenship-for-investment programme after gaining possession of over 1,400 leaked documents has sent the Cyprus government rushing to set the record straight....
https://knews.kathimerini.com.cy/en/comment/opinion/buyer-s-market-and-herd-immunity
The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...
https://knews.kathimerini.com.cy/en/news/a-second-lockdown-would-be-a-grim-financial-equation
With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....
https://knews.kathimerini.com.cy/en/news/cyprus-golden-passports-get-popular-amid-pandemic
The Republic of Cyprus’ investment-for-citizenship program proved to be the second most popular scheme of the sorts amid the global pandemic, with new citizenship applications during the first quarter of 2020 marking a 75% increase compared to the same period last year....
https://knews.kathimerini.com.cy/en/news/greek-pm-tweaks-cabinet-to-increase-efficiency-on-economy-labor-and-environment
Prime Minister Kyriakos Mitsotakis has introduced changes to the makeup of his cabinet aimed at increasing its “operational efficiency,” government spokesman Stelios Petsas said on Tuesday....
https://knews.kathimerini.com.cy/en/news/uk-tourists-deterred-by-complicated-cyprus-process
Though Cyprus has officially re-opened to the UK tourism market, tour operators claim that the majority of visitors from the country are Cyprus expats, with UK nationals so far appearing reluctant to jump through the hurdles Cyprus has laid out for category B countries....
https://knews.kathimerini.com.cy/en/news/cyprus-perturbed-over-russia-tax-move
Finance ministry officials in the Republic of Cyprus say they were caught by surprise when Russia announced it would scrap a bilateral double tax treaty, with Moscow suggesting there was no other alternative after talks had failed...
https://knews.kathimerini.com.cy/en/news/cyprus-to-draw-over-€2-7b-from-eu-pandemic-recovery-fund
European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....
https://knews.kathimerini.com.cy/en/news/two-extradited-from-cyprus-to-face-us-justice
The Republic of Cyprus has extradited two alleged cyber criminals to the United States, including a young man who is the first Cypriot national to be extradited under an extradition treaty with the US...
https://knews.kathimerini.com.cy/en/news/tourism-prospects-completely-lost-famagusta-hoteliers-say
All tourism prospects for this year are definitively lost, the Famagusta branch of the Cyprus Hotel Association claimed after a meeting between its board of directors and the president of ruling party Disy Averof Neophytou....
https://knews.kathimerini.com.cy/en/news/eu-summit-breaks-up-after-all-night-talks-to-resume-later
A marathon European Union summit has broken up temporarily in the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. The weary leaders were scheduled to resume the meeting Monday afternoon....
https://knews.kathimerini.com.cy/en/news/74-of-cypriots-want-higher-eu-budget-to-tackle-pandemic
Three in four Cypriots believe the EU needs additional economic means in order to deal with the repercussions of the coronavirus pandemic, a study conducted by the European Parliament during the second half of June showed....
https://knews.kathimerini.com.cy/en/news/unsg-report-on-his-good-offices-in-cyprus-obtained-by-kathimerini-cyprus
The 39-page advance copy of the Report of the UN Secretary-General on his mission of good offices in Cyprus was obtained by Kathimerini Cyprus....
https://knews.kathimerini.com.cy/en/news/lng-terminal-project-marks-new-era-for-cyprus
The infrastructure for the introduction of liquefied natural gas for electricity generation places Cyprus on track for a new energy era, opening new strong prospects for the island’s economy, President of the Republic Nicos Anastasiades said on Thursday...
https://knews.kathimerini.com.cy/en/news/pandemic-impact-on-tourism-poses-significant-risks-to-cyprus-economy
The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....
https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021
Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...
https://knews.kathimerini.com.cy/en/business/cyprus-based-company-kru-overseas-continues-to-supply-coal-to-cyprus-domestic-market
KRU Overseas Ltd., a global supplier of high-quality coal, continues to supply coal to Cyprus heavy industry leader, Vassiliko Cement Works Public Company Ltd....
https://knews.kathimerini.com.cy/en/news/us-ambassador-see-opportunities-in-cyprus
US Ambassador to Nicosia Judy Garber says the pandemic aftermath in Cyprus could be seen as an opportunity for the island, praising officials for managing the crisis and calling the country a “fantastic place for people” to do business...
https://knews.kathimerini.com.cy/en/news/commission-approves-€6-3m-incentive-scheme-to-boost-cyprus-air-connectivity
The European Commission on Thursday approved a €6.3 million incentive scheme aiming to boost Cyprus air connectivity and tourism through incentivizing airlines affected by the coronavirus outbreak to re-establish air routes to and from the island....
https://knews.kathimerini.com.cy/en/news/greece-reopens-regional-airports-says-covid-19-risk-calculated
Greece reopened its regional airports to international flights on Wednesday, pinning its hopes on a recovery in tourism after a three-month lockdown....
https://knews.kathimerini.com.cy/en/news/greece-to-open-seven-border-crossings-with-balkan-countries-turkey
Greece will reopen seven of its 14 border crossings in the north on Wednesday, as part of the country’s further reopening to tourists from abroad....
https://knews.kathimerini.com.cy/en/news/global-coronavirus-cases-top-10-million-deaths-surge-past-500-000
The world surpassed two sobering coronavirus milestones Sunday -- 500,000 confirmed deaths, 10 million confirmed cases -- and hit another high mark for daily new infections as governments that attempted reopenings continued to backtrack and warn that worse news could be yet to come....
https://knews.kathimerini.com.cy/en/news/all-set-for-implementation-of-new-support-measures-finmin-says
Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....
https://knews.kathimerini.com.cy/en/news/north-sending-mixed-signals-over-opening-to-turkey-on-july-1
The Turkish Cypriot administration was giving off mixed signals over plans to restore connectivity with Turkey on July 1, with head of the administration Ersin Tatar stating Thursday it had decided to stick to the decision and double-check arrivals for the virus, contradicting statements made Wednesday by Kudret Ozersay, in charge of foreign affairs in the north, who said that the administration had failed to reach a final decision and was considering to re-evaluate the move....
https://knews.kathimerini.com.cy/en/news/no-progress-among-eu-leaders-on-virus-recovery-deal
European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....
https://knews.kathimerini.com.cy/en/business/a-grim-five-years-for-greek-tourism
Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....
https://knews.kathimerini.com.cy/en/news/cyprus-fm-holds-telephone-conversation-with-new-iraqi-fm
Cyprus Foreign Minister Nikos Christodoulides shared on Thursday a telephone conversation with the new Foreign Minister of Iraq Fuad Hussein...
https://knews.kathimerini.com.cy/en/news/five-new-support-schemes-announced-as-cyprus-enters-recovery-stage
The five new economic support measures budgeted at 150 million euros that aim to cushion the blow of the coronavirus pandemic as Cyprus enters the stage of recovery were submitted before the cabinet on Tuesday....
