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1861. 2021 KPMG CEO Outlook Pulse Survey

1862. KPMG Cyprus announces partnership with EnergyIntel

KPMG in Cyprus and EnergyIntel have signed a partnership agreement for the provision of the innovative, energy-efficient solution, PayGreen...

1863. 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....

1864. Cabinet approves €250m supplementary pandemic budget

The Cabinet on Wednesday approved a supplementary budget of €250 million to cover needs arising from the handling of the pandemic. ...

1865. 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....

1866. Cyprus wraps up cheese that grills

Cypriot President Nicos Anastasiades says the registration of halloumi and hellim with the European Union is “to the benefit of all Cypriot producers, Greek and Turkish” following Monday’s designation for the famous cheese that grills but not without protests on both sides...

1867. EY Academy of Learning & Development introduces a new Web-Based Learning initiative

EY Cyprus is proud to announce the launch of a new Web-Based Learning (WBL) initiative, an expansion of the offerings of the EY Academy of Learning and Development...

1868. 8.3% of local youth has social media addiction symptoms

A survey on the likelihood of young people getting addicted to social media and the internet has shown that 8.3% of Cypriot youth is faced with symptoms of addiction to social media, while the replies of 24% of participants suggested an overall problematic use of the internet. ...

1869. Athens sees Ankara games ahead of summit

Not only did Turkey continue to ignore Athens’ proposals for the next round of exploratory contacts between the two countries on Monday, its Defense Ministry once again revisited the issue of demilitarization of the Greek islands of the eastern Aegean, going as far as denouncing the presence of Greek warships at Kastellorizo....

1870. Anastasiades, Greek PM discuss Cyprus issue

The Cyprus issue was the focus of a telephone conversation between Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nicos Anastasiades on Monday morning....

1871. Report shows Limassol covid situation not improving

A total of 2,340 coronavirus cases were diagnosed in Cyprus between February 17 and March 2, with the 14-day cumulative diagnosis rate increasing to 263.5 per 100,000 population....

1872. Cyprus opens up to vaccinated Brits

The Republic of Cyprus will allow British tourists who have been vaccinated against COVID-19 to fly in without any restrictions starting May 1, joining the ranks of Israeli nationals who will also start visiting the island on a special green pass...

1873. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

1874. Cyprus moving forward with more relaxations

The Cabinet on Thursday agreed to move forward with a steady lifting of restrictions, as starting Monday each week will see additional relaxations culminating in the lifting of restrictions on food and drink businesses on March 16....

1875. Cyprus hotels eyeing May for reopening doors

April is the month in which the first bookings of tourists from Israel to Cyprus are set to begin. Although large flows of tourists to Cyprus are not expected at that time, it is clear that those tourists who will come will be needing tourist accommodation. They will however have to choose between the few hotels that remain open, or even the individual ones that will resume operation by April, since all hoteliers aren’t planning to reopen their doors before May at the earliest....

1876. Limassol keeping Cyprus out of Covid safe zone

Cyprus remains above the safety threshold of 150 coronavirus cases per 100,000 people, despite a drop in the diagnosed cases, recording a cumulative impact of 164.3 cases per 100,000 inhabitants over the two-week period between February 3-16....

1877. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

1878. Cold snap coming as air pressure drops

A low pressure system from the west is moving back into to the area, bringing cold weather and showers along with strong winds later in the day, while a yellow warning is in effect for 24 hours...

1879. US against two-state deal on Cyprus, Heather A. Conley tells Kathimerini

Heather A. Conley is no stranger to Greece as she has made a point of visiting the country every year and also participated in the 2019 Delphi Forum – the last that actually took place in Delphi. A Washington veteran, she is senior vice president for Europe, Eurasia and the Arctic and director of the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies (CSIS)....

1880. Jordan supports Cyprus solution based on UN resolutions, Ambassador says

Jordan’s Ambassador to Cyprus Mohamed El-Fayez affirmed on Tuesday his country’s support for a resolution of the Cyprus Problem on the basis of relevant UN resolutions....

1881. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

1882. Cyprus ranks fifth in pandemic management study

Cyprus ranked fifth in a Covid Performance Index published Thursday by the Lowy Institute, an Australian think tank, which ranked almost 100 countries for their successful handling of the coronavirus pandemic, with Britain and America near the bottom of the pile....

1883. The key to a successful investment lies in… behaviour?

1884. COVID-19 is adding new impetus to finance transformation

1885. Cold front ready to show teeth in Cyprus

Weather officials in Cyprus have issued a yellow warning for Monday afternoon through Tuesday early morning, citing a cold front affecting the island and bringing along high winds, cold temperatures, and dumping rain throughout the early part of the week...

1886. 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...

1887. Pfizer suggests vaccine can beat mutations

Pfizer Inc and BioNTech’s COVID-19 vaccine appeared to work against a key mutation in the highly transmissible new variants of the coronavirus discovered in the UK and South Africa, according to a laboratory study conducted by the US drugmaker...

1888. Cyprus, US sign Declaration of Intent on border security

Cyprus and the USA signed on Tuesday a Declaration of Intent on strengthening cooperation on border security issues, in view of enhancing their capacity to counter common threats and foster stability in the region. ...

1889. January approval for AstraZeneca vaccine by EMA unlikely

The European Medicines Authority (EMA) will most likely not be able to approve the Covid-19 vaccine developed by drug maker AstraZeneca and the University of Oxford in January, the watchdog's Deputy Executive Director Noel Wathion said....

1890. DBRS warns against protracted process in approving bugdet

Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....