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1801. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

1802. Cyprus expecting 60,000 Covid doses this week

1803. First Porsche electric car chargers installed in Cyprus

The first four Porsche electric chargers have now been installed at the Radisson Blu five-star hotel in Larnaca, offering electric and hybrid car owners the opportunity to charge their vehicles with the quality and prestige of Porsche...

1804. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

1805. Cyprus rejects EU draft on Turkey which seeks to deepen trade ties

Cyprus has rejected a draft prepared for a summit of EU leaders this week which seeks to deepen trade ties with Turkey, describing it as “totally unacceptable.” ...

1806. Fence wars break out near buffer zone

Opposing camps have been making headlines recently over a controversial barbwire fence near the buffer zone, with one group cutting a piece of barbed wire and the other restoring it, with all caught on tape...

1807. Cyprus keeps Carnival spirit alive amid Covid-19

Carnival is usually the highlight of the year for Cyprus, when residents let loose in bizarre and colorful costumes, joyfully dancing and celebrating during the Mediterranean island nation’s biggest annual party scene....

1808. Borrell: Cyprob solution must come from Cypriots

"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....

1809. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

1810. Doctor’s sexual misconduct trial goes forward

A sexual assault case against a doctor with a large medical practice in Cyprus is moving forward, while questions have been raised over a messenger company that failed for months to serve him court documents as well as a prior conviction that fell through the cracks...

1811. Government announces new housing schemes and incentives

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the government....

1812. Minister grilled over digital ID bill

Recent discussion on electronic signatures has reintroduced persistent challenges in the digital ID debate, with Cyprus’ innovation minister facing tough questions this week during a House committee hearing...

1813. Brussels concerned over Pournara refugees

The Republic of Cyprus’ handling of asylum seekers at Pournara camp remains on Brussels’ radar, with a host of different challenges raising questions over how the European Union and some member states can get on the same page without resorting to legal battles...

1814. Former AG says he cautioned over passports

The state’s former attorney general says his department had cautioned the government years ago that the country’s golden passport scheme might have been incompatible with European law, essentially contradicting the executive branch's position that nobody had said anything...

1815. Archbishop will restore demolished houses, DISY Councillor says

Attorney General Giorgos Savvides, weighed in on the commotion caused by the Archbishopric’s unlawful demolition on Monday of four listed houses adjacent of its under-construction Cathedral project in the old town of Nicosia....

1816. Cyprus unveils plan to tackle corruption

Cyprus’ fight against corruption is based on three pillars, President Anastasiades said Friday, announcing the eagerly-awaited steps the government will take in a bid to restore credibility to the Republic after its reputation was shattered by revelations of corruption through the nixed Citizenship-by-Investment Program (CIP)....

1817. 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....

1818. The key to a successful investment lies in… behaviour?

1819. Officials want young people settle in Strovilia

Dherynia officials are seeking ways to have young people populate abandoned homes in Strovilia, on British Base soil, despite challenges stemming from restrictions that were somewhat eased last year...

1820. COVID-19 is adding new impetus to finance transformation

1821. 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....

1822. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

1823. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

1824. Cyprus won’t extradite Russian woman with MG

The Supreme Court in the Republic of Cyprus has refused to extradite a Russian woman citing her health condition, saying Moscow failed to convince local authorities that the individual would not face mistreatment if she would be extradited...

1825. 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. ...

1826. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

1827. Parliament votes state budget down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

1828. Cyprus to begin vaccinations on December 27

Vaccinations in Cyprus will begin in unison with other EU member states on December 27 following approval by the European Medicines Agency (EMA)....

1829. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

1830. 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....