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1921. COVID-19 outbreak both a curse and a blessing

The coronavirus pandemic in Cyprus has come as both a curse and a blessing, as it forced authorities to move with unprecedented speeds toward a digital transformation, Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos said Thursday....

1922. Cyprus GDP to suffer 'severe contraction' in 2020, projection shows

The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline scenario and by 13.1% under an adverse scenario....

1923. Effects of COVID-19 on businesses, wider economy

The results of the PwC Cyprus Pulse Survey on the effects of COVID-19 on businesses and the wider economy, which was conducted with the participation of 45 CFOs from Cyprus, were made public today...

1924. EU governments risk clash with EU exec in bid to save tourism season

European Union governments risk a clash with the EU executive arm over their support for travel firms issuing vouchers for cancelled holiday deals without giving customers the option of cash refunds as required by EU law, diplomats said....

1925. 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....

1926. Greece eyes gradual easing of lockdown measures

The Greek government is working on a plan to ease some of the restrictions that have been introduced to curb the spread of the coronavirus, with Prime Minister Kyriakos Mitsotakis expected to make announcements next week....

1927. WHO: Coronavirus likely of bat origin, no sign of lab production

The World Health Organization (WHO) said on Tuesday that all available evidence suggests the novel coronavirus originated in animals in China late last year and was not manipulated or produced in a laboratory....

1928. EU unveils virus exit roadmap, hoping to avoid more chaos

The European Union moved Wednesday to head off a chaotic and potentially disastrous easing of restrictions that are limiting the spread of the coronavirus, warning its 27 nations to move very cautiously as they return to normal life and base their actions on scientific advice....

1929. 'We've learnt nothing' from euro crisis, ex EC president Juncker says

In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...

1930. Employers and Employees in the age of Covid-19: A looming battle

In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....

1931. Israel-Cyprus medical cooperation and innovation in the time of coronavirus

The world’s population is currently facing a major crisis. Governments are taking drastic measures to curb the spread of the Coronavirus. The first priorities are to take preventive measures, to provide the best possible life saving medical care and to maximize the scientific capabilities to face the epidemic. Steps are taken also to minimize the economic impact....

1932. Sports betting industry crushed by coronavirus

OPAP, Europe’s fourth-biggest betting business, has had almost all its revenue wiped out following the coronavirus pandemic lockdown measures in Greece and Cyprus, after casino operations in the Republic came to a grinding halt...

1933. Coronavirus’ impact on local businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

1934. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

1935. China's ambassador responds to US criticism

The Chinese ambassador in Nicosia is firing back at US and media criticism over his country’s response to the coronavirus outbreak, adding that he believes Cyprus will win the battle against the coronavirus...

1936. Tax alert: Cyprus

1937. Cooperation and Transparency Needed to Fight COVID-19

In today’s age of social media, it has unfortunately become normal to see false information reach a broad audience instantaneously through the Interne...

1938. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

1939. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

1940. Now is the time for remote and online payments

For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing...

1941. PwC: We support our people, clients and the society

1942. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

1943. 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....

1944. EU slams Trump’s Europe travel ban

The European Union has slammed the new anti-virus travel ban announced by US President Donald Trump, lashing out at an “unilateral” decision taken “without consultation.”...

1945. Driver killed in Green Monday road accident

An elderly driver was killed on Monday after his car slammed onto a retaining cement wall in rural Paphos...

1946. Greece reports fourth COVID-19 case, Eurozone says 'ready to act'

As health authorities confirmed the fourth case of coronavirus in Greece on Friday, the Greek government pressed forward with its drive to contain its spread. ...

1947. Harvey Weinstein found guilty at rape trial

Harvey Weinstein, the fallen titan of Hollywood whose sexual abuse of aspiring young female actors sparked the #MeToo movement, has finally been brought to justice after a New York jury found him guilty....

1948. Fourth Italian dies from coronavirus in worst flare-up outside Asia

A fourth person infected with the coronavirus has died in Italy, officials said on Monday as the government struggled to contain an outbreak of the illness and financial markets slid on fears over the economic impact....

1949. New Brexit immigration system to favour high-skilled workers

Britain will prioritize access for high-skilled workers from around the world in its post-Brexit points-based immigration system, the government said on Tuesday, setting out its plans to put an end to a reliance on “cheap labor from Europe”....

1950. Cyprus and 8 EU countries object to new rules of mobility package on commercial vehicles

Implications of a new rule included in the EU mobility package currently under negotiation, whereby commercial vehicles, lorries, and trucks will be required to return to their licensing Member State every eight weeks, were raised on Wednesday by Transport Minister Yiannis Karousos and several of his counterparts to the Commission Vice President and Commissioner for Transport....