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2161. Cyprus announces 'timid first steps' in easing restrictions

In a televised national address on Wednesday night, President Nicos Anastasiades presented the detailed plan of the first two phases of Cyprus’ lockdown exit plan, with the first phase, which will see a timid resumption of the economy and a small loosening of restrictions on individual freedoms, set to begin on May 4....

2162. President to announce Cyprus lockdown exit strategy

The eagerly-awaited government decisions on Cyprus’ lockdown exit strategy will be announced by President of the Republic of Cyprus, Nicos Anastasiades, in a national address on Wednesday night....

2163. More Cypriots ditch cash during pandemic

Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show ...

2164. Cabinet maps out how to ease 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...

2165. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

2166. President summons health team to Palace

President Nicos Anastasiades has called the government's team of health experts back to the Presidential Palace for face-to--face consultations, amid reports that the government is a day away from taking crucial decisions on easing Covid-19 restrictions...

2167. Police take good news with grain of salt

Police in the Republic of Cyprus say they remain vigilant during the pandemic lockdown, concerned that signals for a possible lift of restrictive measures could make people feel less obligated to comply...

2168. Health Minister hopes restrictions scrapped within three months

2169. 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....

2170. Plan for first phase of exit strategy to be tabled before the Cabinet next week

A comprehensive proposal on the first phase of the island’s coronavirus lockdown exit strategy is expected to be tabled before the Cyprus President next Tuesday....

2171. 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....

2172. Reduction of new cases to single digits came earlier than expected

Restrictive measures are expected to be phased out gradually, starting in early May, Petros Karayiannis, Professor of Microbiology and Molecular Virology and member of the Ministry of Health Advisory Committee said on Tuesday....

2173. Cyprus confirmed cases drop to single digits

The number of new confirmed Covid-19 cases in Cyprus has dropped to single digits, following a long-drawn effort by authorities on the island to flatten the curve, but results won't be fully known before the month is over....

2174. Cypriot food blogger drives passion home

As we experience these hard times it is difficult to identify, let alone rejoice the blessings COVID-19 will bring with it. One of them is going back to beautiful habits and rituals of home cooking which are all about togetherness...

2175. 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....

2176. Government funds 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....

2177. We will defeat our shared pandemic enemy and rise stronger in its wake

The story of U.S. leadership in the global battle against Covid-19 is a story of days, months, and decades. Every day, new U.S. technical and material assistance arrives in hospitals and labs around the world. These efforts, in turn, build on a decades-long foundation of American expertise, generosity, and planning that is unmatched in history....

2178. 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....

2179. 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....

2180. Cyprus stays put beyond Easter

Church and state got behind scientists this week in the Republic of Cyprus, with the government extending measures beyond Easter to stop the spread of Covid-19 despite partial data suggesting a flattening of the curve...

2181. 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....

2182. 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....

2183. 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....

2184. 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....

2185. Coronavirus’ impact on local businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

2186. 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...

2187. Tax alert: Cyprus

2188. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

2189. 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....

2190. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....