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1951. No progress among EU leaders on virus recovery deal

European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....

1952. Elderly pedestrian dies in Limassol accident

An elderly pedestrian was killed on Thursday in a road accident in Limassol, when he was struck by an oncoming vehicle as he was trying to cross the street...

1953. Cyprus shrunk prison population by 16% as Covid-19 prevention, report shows

Cyprus was among the Council of Europe’s member states that marked the largest decrease in prison population rates during the coronavirus pandemic, a special report on the impact of lockdowns on EU prison populations that was published Thursday showed....

1954. Businesses pursue strategies for turning challenges into opportunities

The results of the third round of the CFO Pulse survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy reveal that 46% of CFOs believe that if COVID-19 were to end today, their company could get back to “business as usual” within three months...

1955. Anastasiades discusses Turkey, EU role with top EU officials

President Nicos Anastasiades found mutual understanding with European Council President Charles Michel and EU Foreign Affairs Chief Josep Borrell regarding the role the EU must play in view of Turkey’s activities in the eastern Mediterranean....

1956. Letter to UNSG denounces Turkey's violations of Cyprus' airspace, maritime zones

A letter dated May 28 sent by the Permanent Representative of Cyprus to the UN Andreas Mavroyiannis to Secretary-General Antonio Guterres that denounced Turkish violations of the island’s airspace and maritime zones was released on Thursday as an official document in the General Assembly of the UN Security Council....

1957. Hijab and kosher end up in report on Cyprus

A State Department report has called out Cyprus on matters of religious freedom, following a number of stories in the media including the right to wear hijab in school, kosher laws, and access to religious sites...

1958. Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....

1959. Racism, xenophobia rife in Cyprus, refugees say

A teleconference on Tuesday raised the multifaceted problems faced by refugees and asylum seekers on the island, such as racism and xenophobia, hardships during the coronavirus pandemic, and difficulties with integrating into Cyprus society....

1960. Cyprus scores Wizz Air base in Larnaca

Cypriot aviation scored a big win this week after Wizz Air said it would turn Larnaca airport into a base, as the island is trying to restore connectivity and the airline industry going through a hygiene makeover...

1961. Driver killed in Larnaca weekend accident

A Larnaca resident was killed in a road accident over the weekend after the car he was driving went off the highway in Larnaca district...

1962. Commission calls on Turkey to show solidarity without discrimination

The European Commission called on Turkey "to maintain a spirit of solidarity without discrimination", referring to Wednesday’s incident where Turkey denied a flight transporting medical equipment to Cyprus to enter its airspace....

1963. 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....

1964. 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....

1965. 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...

1966. 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....

1967. 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....

1968. 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....

1969. 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....

1970. 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....

1971. '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. ...

1972. 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....

1973. 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....

1974. 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...

1975. 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...

1976. 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...

1977. 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...

1978. Tax alert: Cyprus

1979. 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...

1980. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact