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1891. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

1892. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

1893. Footballer crashes car into rental dealership

A forward playing with AEL Limassol was pulled out of wreckage on Tuesday after his vehicle crashed into a car dealership, injuring an employee who was inside...

1894.  Eight University of Nicosia academics listed among top scientists in the world

Eight University of Nicosia academics are included on the annual list of 100,000 top-scientists worldwide and, correspondingly, in the top 2% of scientists in their field, according to a team of researchers at Stanford University in the USA...

1895. KPMG supports 'Adopt a Family for Easter'

Our Corporate Social Responsibility programme forms an integral part of our corporate philosophy around the world. As every year, we aim to implement specific actions with a substantial impact on our society, such as the support for socially vulnerable groups...

1896. Parents file lawsuit challenging mandatory tests, mask use

A group of some dozen parents have filed a joint law suit challenging the state for imposing mandatory weekly coronavirus testing and face mask use on children...

1897. Alan Duncan publishes book ahead of Geneva

Sir Alan Duncan who irritated Greek Cypriots two years ago when he said sovereignty over waters off the island was 'under dispute' has written a book, in which he says the British High Commissioner felt betrayed by President Nicos Anastasiades...

1898. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

1899. 2021 KPMG CEO Outlook Pulse Survey

1900. 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...

1901. 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....

1902. 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. ...

1903. 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....

1904. 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...

1905. 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...

1906. 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. ...

1907. 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....

1908. 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....

1909. 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....

1910. 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...

1911. 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....

1912. 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....

1913. 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....

1914. 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....

1915. 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....

1916. 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...

1917. 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)....

1918. 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....

1919. 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...

1920. 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....