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271. Bar set low as Brussels, UN in low spirits for CyProb involvement

Foreign players ranging from Brussels and Berlin to New York have lowered their expectations and show a reduced eagerness to actively get involved in efforts to reach a solution to the Cyprus Problem....

272. Commission warns Cyprus over lacking anti-money laundering legislation

The European Commission on Friday sent a reasoned opinion to Cyprus for failing to transpose the 5th Anti-Money Laundering Directive (AMLD5) into national law....

273. Antonis Polemitis at Digital Agenda Cyprus Summit 2020

Mr. Polemitis has two decades of experience in higher education, private equity, and software development. He has a deep understanding of global higher education, having served as a CEO, investor, board member, instructor and technology developer in the field. He has been a principal or advisor for a broad range of corporate financings in the United States, Europe, Latin America and India, ranging from multi-billion dollar industrial buyouts to early stage venture capital. He has also led the development of high-scale cloud-based technology platforms in multiple industries....

274. Made in Cyprus ‘Jiu Jitsu’ to launch in US

Jiu Jitsu, a sci-fi movie with Nicolas Cage shot in Cyprus under the new Cyprus cash rebate programme, will be the first film to be distributed by a brand new label set up to push a small number of independent titles in North America...

275. KPMG Property Lending Barometer 2020

276. EU raises its bet on blood plasma in search for Covid-19 treatment

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc’s growing confidence in the experimental treatment....

277. Finance minister makes the case for Cyprus

Finance Minister Constantinos Petrides is confident the tourism industry in the Republic of Cyprus won’t have a catastrophic year following the pandemic, while calling on Europe to step up its recovery plan equally across the board...

278. Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....

279. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

280. 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....

281. 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....

282. Cyprus repays an IMF loan early, saving €13.4 million

The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan, which had been granted to the country in the period 2013-2016....

283. Cyprus Shipping Chamber backs EU Shipping Industry positions on EU Green Deal

The Cyprus Shipping Chamber expressed its fully supports the EU Shipping Industry’s positions on the EU Green Deal, noting that the shipping industry is fully committed to eradicating its GHG emissions completely as soon as possible in this century. ...

284. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

285. In Paris visit, Greek, French ministers agree to boost investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

286. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

287. Senate-approved EastMed on Trump’s desk

US Congress’ approval of a spending package that includes the Eastern Mediterranean Security and Energy Partnership Act of 2019 signals a “new day in Greek-American relations,” said Senator Bob Menendez, one of the authors of the bipartisan legislation...

288. Jho Low movie gaining popularity

A film about Malaysian financier and Cypriot passport holder Jho Low has been steadily gaining popularity, despite legal challenges over copyright infringement and potential defamation lawsuits...

289. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

290. EU lawmakers reject Turkey's 'safe zone' in Syria, eye sanctions steps

European Union lawmakers on Wednesday condemned Turkey’s offensive to carve out a “safe zone” in northeast Syria and prepared the way for new EU financial sanctions against Ankara....

291. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

292. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

293. Brussels piles on pressure over Greece-Cyprus-Israel electricity cable

Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable...

294. Deutsche Bank axes 18,000 jobs

295. US bill calls for end to Russian military vessels refueling in Cyprus

The Eastern Mediterranean Security and Energy Partnership Act of 2019 would allow the U.S. to fully support the trilateral partnership of Israel, Greece, and Cyprus through energy and defense cooperation initiatives...

296. US Senate Foreign Relations committee advances East Med Act

297. Facebook to launch cryptocurrency called Libra

298. Fiscal Council: Implement reforms and maintain surpluses

299. Bank culture should change Central Bank Governor says

300. IMF: Cyprus economic recovery gradually decelerating but remains strong