https://knews.kathimerini.com.cy/en/news/anastasiades-takes-the-stand-in-passports-probe
Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/eu-keeping-close-eye-on-turkish-moves
European Union foreign ministers have agreed to a “wait-and-see” approach towards Turkey, with some member-states appearing more skeptical of Ankara’s recent overtures....
https://knews.kathimerini.com.cy/en/news/big-if-as-cyprus-set-to-deliberate-on-measures
The Cypriot government is taking stock of recent restrictions against a further rapid spread of COVID-19, with reports pointing to plans being discussed to lift measures next month but also amid concerns over mutation fears and unknowns...
https://knews.kathimerini.com.cy/en/news/dueling-small-parties-help-pass-budget
The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...
https://knews.kathimerini.com.cy/en/news/president-biden-urges-americans-to-turn-page
Democrat Joe Biden was sworn in as president of the United States on Wednesday, vowing to end the ‘uncivil war’ in a deeply divided country reeling from a battered economy and a raging coronavirus pandemic that has killed more than 400,000 Americans...
https://knews.kathimerini.com.cy/en/comment/opinion/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....
https://knews.kathimerini.com.cy/en/news/cyprus-puts-national-minimum-wage-on-hold-until-full-employment
The Cyprus government will launch a social dialogue for the implementation of the national minimum wage when full employment is reached, namely when unemployment is around 5%....
https://knews.kathimerini.com.cy/en/news/cyprus-aiming-for-full-absorption-of-eu-funds
Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....
https://knews.kathimerini.com.cy/en/news/government-buys-time-on-new-covid-measures
The health, finance, and labour ministers of the Republic of Cyprus have been tasked to reconcile a number of issues before a Cabinet meeting on Friday, essentially stalling the announcement of new COVID measures which was expected on Thursday...
https://knews.kathimerini.com.cy/en/news/officials-in-the-dark-over-mutation-spread
Health officials in the Republic of Cyprus say the new strain of coronavirus, found initially in the UK and confirmed on the island last week, has spread in the community but an accurate picture of the problem remained unclear due to only a very small sample size being tested...
https://knews.kathimerini.com.cy/en/news/cyprus-holds-turned-thumb-over-lockdown
Cyprus’ lockdown stance continued to remain unclear following a special meeting between experts and the health minister, with the government hinting thumbs down for a new lockdown citing economic reasons but also thumbs up for stricter measures after hospitalizations reached dangerous levels...
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-revenue-drops-by-85-1-in-first-ten-months-of-2020
The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show.
...
https://knews.kathimerini.com.cy/en/news/britain-and-eu-publish-brexit-trade-agreement
Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire
...
https://knews.kathimerini.com.cy/en/news/folli-follie-report-unveils-17-year-scam
The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers.
...
https://knews.kathimerini.com.cy/en/business/cyprus-remains-an-attractive-investment-destination
Cyprus remains an attractive investment destination, especially among established investors
...
https://knews.kathimerini.com.cy/en/news/dbrs-warns-against-protracted-process-in-approving-bugdet
Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....
https://knews.kathimerini.com.cy/en/business/industrial-logistics-most-attractive-post-covid-19
Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...
https://knews.kathimerini.com.cy/en/news/parliament-votes-state-budget-down
Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....
https://knews.kathimerini.com.cy/en/news/cyprus-calls-on-egypt-to-assist-in-persuading-turkey-to-shift-intransigent-stance
Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....
https://knews.kathimerini.com.cy/en/news/5g-bidding-process-wraps-up-first-licences-in-january-2021
The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....
https://knews.kathimerini.com.cy/en/news/new-chinese-ambassador-hails-deepening-relations-with-cyprus
China opposes any unilateral provocations and actions that undermine the peace and stability of Cyprus and the region and as a permanent member of the UN Security Council, it will continue to play a constructive and coordinating role in facilitating the settlement of the Cyprus problem, UNFICYP’s mandate renewal, and the implementation of relevant UN resolutions, to uphold fairness and justice for Cypriots, China's new Ambassador to Cyprus, Liu Yantao said, presenting on Thursday his credentials to Cyrpus President, Nicos Anastasiades....
https://knews.kathimerini.com.cy/en/news/state-budget-battles-rage-on-in-cyprus
Ruling party DYSI has been mounting a campaign over the last 24 hours to secure votes to pass the state budget, which is up in the air over golden passport probe wars, with added pressure also causing rifts even within smaller parties...
https://knews.kathimerini.com.cy/en/news/cyprus-energy-designs-unaffected-by-turkey-s-provations-president-says
Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....
https://knews.kathimerini.com.cy/en/news/eu-leaders-pull-turkey-punch-at-last-minute
European Union leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus, postponing any harsher steps until March as countries sparred over how to handle Ankara...
https://knews.kathimerini.com.cy/en/news/eu-leaders-weigh-sanctions-over-turkey-s-med-drilling-work
Concerned that their credibility is at stake, European Union leaders are set Thursday to give the green light to the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-and-jordan-to-step-up-cooperation
Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....
https://knews.kathimerini.com.cy/en/news/past-week-was-the-worst-epidemiologically-since-outbreak
Health minister Constantinos Ioannou was the bearer of unpleasant news on Tuesday, announcing that the current epidemiological situation doesn’t appear to leave room for the planned relaxation of measures from December 14....
https://knews.kathimerini.com.cy/en/news/finmin-confirms-cyprus-won-t-reinstate-‘golden-passports-scheme
Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...
https://knews.kathimerini.com.cy/en/news/state-budget-up-in-the-air-over-golden-passports
Opposition parties are cranking up the pressure on Interior Minister Nikos Nouris, who has been refusing to hand over files in connection with the golden passports scandal, with the Democratic Party making good on its promise not to vote the state budget later this month if there is no transparency...
