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541. Cyprus decides lockdown in Golgotha meeting

After a tough debate amongst ministers over how the government ought to respond to a deteriorating pandemic situation, a proposal for a short and partial lockdown was approved at the last minute after the Cypriot health minister ascended his Calvary to secure a lockdown ahead of Orthodox Holy Week...

542. Cyprus hopes for breather on Green Monday

People in Cyprus are hoping to catch a break on Green Monday, with the government easing restrictions on nature outings on the public holiday and forecasters unsure if weather will cooperate...

543. Cyprus takes next step with caution

The Cypriot government is moving ahead with further relaxation of measures against the pandemic, with the announcement coming two days after a Cabinet decision that was delayed due to high hospitalization rates but also reports that not all ministers were on the same page...

544. Anastasiades joins EUCO summit prep with EU leaders

President Nicos Anastasiades participated on Tuesday in a teleconference with the President of the European Council and EU heads of state and government, in preparation for the extraordinary European Council summit to take place online on February 25-26. ...

545. 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...

546. Megatrends that will shape the future

EY’s recent report, Megatrends 2020 and beyond, examines the new "megatrends", the forces that created them and their potential impact...

547. 22.3% of Cyprus population at risk of poverty in 2019

The most recent European Statistics on Income and Living Conditions (EU-SILC) 2019 survey shows that 22.3% of the Cyprus population, that is 194,400 persons, are living in households that are at risk of poverty or social exclusion....

548. A second lockdown would be a grim financial equation

With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....

549. All set for implementation of new support measures, FinMin says

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....

550. Half of Cyprus population unable to cope with unexpected expenses

Almost half (48%) of the populations of both Cyprus and Greece were unable to cope with unexpected financial expenses last year, data released by the European statistical service (Eurostat) on Tuesday showed....

551. 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....

552. EAC vows to credit back overcharges

An undisclosed number of property owners in the Republic Cyprus were overcharged on their electricity bills in recent months, with the Cyprus Electricity Authority vowing to right a wrong in future billings...

553. Businesses must address digital fatigue and consumer privacy

554. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

555. Carbo One and Cyprus NOC presented their partnership in the run-up to the Olympics

Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through. ...

556. Two new recycling and composting programmes in Limassol

Limassol Municipality is going ahead with the implementation of two new recycling and composting programmes aiming to properly manage waste by reducing, reusing and recycling it. ...

557. Fiscal Council: Implement reforms and maintain surpluses

558. CBC ready to examine ambiguities in AML laws

559. Crete’s power supply remains vulnerable without EuroAsia Interconnector

560. Auditor General blows whistle on Pissouri payouts

Auditor General Odysseas Michaelides is calling on the interior minister to seek a legal opinion before reaching a final decision on Pissouri payouts due to landslide problems...

561. New plan to subsidise home solar systems

Home owners who install residential solar power systems will be eligible for state subsidies up to €1000, according to a government plan approved by the Cabinet on Thursday...

562. New study and payouts for Pissouri landslide

Tax payers may have to foot the bill for Pissouri homeowners affected by an active landslide, but details remain unclear as to how much money and who may qualify...

563. EU Commission approves ESTIA scheme

564. Exxon Mobil is placing big bets on China’s soaring liquefied natural gas demand

565. Bad loans in Cyprus decline by €3.28 billion since March 2018

566. Bank of Cyprus adds 24300 new retail accounts in August

567. Monaco Telecom happy with MTN Cyprus acquisition

MTN Cyprus, a fast-growing telecommunications provider in the country, has officially been acquired by Monaco Telecom, with the new owner eyeing even better days for services on the island...

568. Amid aid delays to fire victims, ND leader visits Mati

A month after the disastrous wildfires on the outskirts of Attica that claimed the lives of 96 people and destroyed dozens of homes and thousands of hectares of land, the government approved additional aid for victims, as Infrastructure Minister Christos Spirtzis and New Democracy leader Kyriakos Mitsotakis conducted separate visits to Mati, the coastal settlement east of the capital where dozens died....

569. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

570. Average Cyprus home is bigger than anywhere in Europe

The average size of a house in Cyprus is 141.4 metres squared making it the biggest in Europe, the Statistical Service said on Tuesday....