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931. EU to launch €37bn coronavirus investment initiative

The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc’s economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday....

932. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

933. Economic sentiment in Cyprus falls in February due to weaker business confidence in services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020....

934. Bulgaria wants in on EastMed energy cooperation

Bulgarian President Rumen Radev said on Tuesday that his country wishes to cooperate within the framework of the trilateral mechanism among Cyprus, Greece, and Israel in the energy field, adding that Bulgaria is geographically a natural continuation of these three countries....

935. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

936. Cyprus Econ Council begins work on future sustainable growth blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

937. 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....

938. Cyprus and Israel Defence Ministers discuss developments in the region

The current strategic environment and future security developments in the region, as well as their subsequent implications on their respective countries, were discussed on Tuesday by Cypriot Minister of Defence Savvas Angelides and his Israeli counterpart Naftali Bennet....

939. Turkish clothes makers see orders shifting from coronavirus-hit China

Several fashion retailers that manufacture clothing in coronavirus-hit China are in talks with Turkish firms about shifting production to Turkey, two sector officials told Reuters, with one predicting new orders worth up to $2 billion....

940. Senior US energy official urges region's players to show restraint

Senior US energy official Francis Fannon currently holding a round of talks in Nicosia highlighted the importance of the partnership between Cyprus, Greece, Israel and the US, but urged all parties to refrain from provocative moves which may further destabilize the region....

941. 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....

942. Shift in global funding led by private capital

Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever...

943. Last defendant convicted in Strovolos murders

The last of four defendants in the Strovolos double murder trial, the only one who did not admit to any crimes, was found guilty of manslaughter on Wednesday by a criminal court in Nicosia...

944. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

945. Turkish hackers target Cyprus government emails

Sweeping cyberattacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security officials said. The hackers have attacked at least 30 organizations, including government ministries, embassies and security services as well as companies and other groups, according to a Reuters review of public internet records. Victims have included Cypriot and Greek government email services and the Iraqi government’s national security advisor, the records show. ...

946. Nicosia’s Yazuz suspicions point to online leak

Cypriot officials at the Department of Environment say an entire study, which was inadvertently posted online in 2017, might have given Ankara a leg-up in the search for gas off the coast of Limassol...

947. Nicosia suspicious over Yavuz drilling spots

The government of the Republic of Cyprus believes Turkey has obtained privileged drilling information regarding an area off the southern coast of the island...

948. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

949. Digital transformation of health services is indispensable

950. Harry and Meghan go it alone

Prince Harry and his wife Meghan will no longer be working members of Britain’s monarchy and they will pay their own way in life as they embark on an independent future...

951. DP World Limassol agrees to revise policy

Transport Minister Yiannis Karousos has been promised a change of policy at DP World Limassol, with the company saying it would service more than two cruise ships in a given day following complaints...

952. Berengaria sees hope on the horizon

Local media reported on Thursday that investors have been found for a potential revival of the historic Berengaria, with rumours pointing to renovation plans for the abandoned property in the Troodos Mountains...

953. Attorney general okays spy van warrants

The CEO of WiSpear says he is open to talking to Cypriot police, while investigators insist on reeling him in after the attorney general reportedly gave the okay for the arrest warrants of three Israeli nationals in the spy van case...

954. Court rejects remand requests in spy van case

Prosecutors in the spy van case pointed to Wi-Fi antennas installed at Larnaca International Airport, during a remand hearing on Friday where three local employees of an Israeli firm were being accused of multiple charges including privacy laws violations...

955. Land units and plots across Cyprus for sale by GoGordian

956. Johnson on course to deliver swift Brexit

Prime Minister Boris Johnson won a resounding election victory on Friday that will allow him to take Britain out of the European Union in matter of weeks...

957. USA sanctions Cypriot firms for arms deals

Three Cypriot companies linked to a Serbian arms dealer are among foreign entities in the latest sanctions imposed by the US Department of the Treasury...

958. Attorney general weighs in on spy van

The attorney general of the Republic of Cyprus has appointed a special investigator in the “spy van” case, while the Israeli company that sells controversial surveillance vehicles is calling on authorities to investigate what it calls a “false accusations” campaign...

959. 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...

960. Greece will never accept the consequences of the Turkish invasion in Cyprus

Greece stresses that it will never accept nor recognize the consequences of the Turkish invasion and occupation in the island, while assuring that it will continue to stand by the side of the Republic of Cyprus. The position is outlined in a statement issued by the Greek Foreign Ministry on the occasion of the 36th anniversary of the declaration of the pseudo-state in the occupied areas of Cyprus,...