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2671. COVID-19 is adding new impetus to finance transformation

2672. Experts mulling methodology of lockdown relaxations

Any relaxations to current restriction measures that are expected at the end of the month should be gradual and targeted, member of the government’s coronavirus advisory committee, Dr Maria Koliou, told the Cyprus News Agency on Tuesday....

2673. Reporters to sit in on golden passport hearings

A number of reporters will be allowed from now on to attend ongoing probe hearings into alleged corruption in connection with Cyprus’ disgraced Citizenship by Investment Programme, with journalists being asked to commit in advance not to breach data privacy laws...

2674. 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...

2675. December samples being screened to check for spread of new strain

The Cyprus Institute of Neurology and Genetics (CING) is carrying out further tests on samples to determine whether the new coronavirus strain has spread in the community. The results of these tests are expected to be ready tomorrow the latest....

2676. Temperatures noticeably above normal

A high pressure system is affecting the area over Cyprus on Saturday, with periods of sunshine expected later in the day but also low chances of afternoon rain in the mountains...

2677. Cyprus tourism revenue drops by 85.1% in first ten months of 2020

The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show. ...

2678. A timeline of the coronavirus pandemic in Cyprus

The coronavirus pandemic in Cyprus, which kicked off mildly at first with double-digit daily new cases before the second wave sent the island into unprecedented terrain with hundreds of daily new cases and the healthcare system ready to give in at any given time, can be generally divided into four stages. ...

2679. Healthcare system nearing its limits, Health Minister warns

The surge in coronavirus patients has begun to put intense pressure on the healthcare system, with the Health Ministry and State Health Services (Okypy) already working on a plan to restructure how hospitals will deal with the steady influx of coronavirus patients....

2680. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

2681. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

2682. Cabinet to decide on holiday leniency

With Christmas day and the New Year approaching, businesses and the public are growing increasingly eager to see whether restriction measures in place will be loosened, but recent figures and the climbing death toll point to any relaxation being a highly unlikely scenario...

2683. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

2684. Pressure mounts on EU drug regulator to approve Pfizer vaccine

Europe's drug regulator is under increasing pressure to quickly approve the Covid-19 vaccine developed by US giant Pfizer and Germany's BioNTech, officials said, as inoculations get started in Britain and the United States....

2685. Increase in Covid-19 genetic material detected in wastewater

An increase in the genetic material of the new coronavirus was recorded in the analysis of urban wastewater of the Sewerage Board of Limassol-Amathus (SBLA) which was done in collaboration with the International Water Research Center "NIREAS" of the University of Cyprus. The aim of the cooperation is to develop a reliable early warning system regarding the degree of the Covid-19 spread....

2686. Cyprus traffic cameras venture set in motion

The contract for the study, installation, and maintenance of the island’s new traffic camera system was signed on Monday, setting into motion the pilot phase of the project that was several years in the making....

2687. AstraZeneca hitches ride with Russia's Sputnik in vaccine race

AstraZeneca will start clinical trials to test a combination of its experimental Covid-19 vaccine with Russia's Sputnik V shot aimed at boosting the efficacy of the British drugmaker's vaccine, Russia's sovereign wealth fund said on Friday....

2688. FinMin confirms Cyprus won’t reinstate ‘golden passports’ scheme

Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...

2689. Cabinet shrinks security detail for VIPs

Party leaders and former state officials in the Republic of Cyprus will see their security detail downsized following a Cabinet decision on Thursday, also tasking police to evaluate the size of the presidential guard...

2690. EU warns against easing pandemic-containing measures

As millions of European citizens gear up for the festive season, the European Union's executive commission urged member countries to keep strong anti-Covid-19 restrictions in place to avoid a post-holiday surge of coronavirus cases and deaths but stopped short of advising against travel....

2691. Health ministry responds to questions on new measures

The health ministry on Monday responded to five questions regarding the new restriction measures that are to affect the island until mid-December....

2692. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

2693. Customised solutions: Our expertise can help the hotel sector recover

APC Audit Tax Advisory Ltd and CITR Cyprus Ltd, have decided to join forces to offer a complete package of services to Cypriot Hoteliers, which will contain the vital innovative and customized solutions that are necessary, in order to properly deal with the evolving pandemic...

2694. Cyprus braces for new coronavirus rules

The eagerly-awaited restriction measures that are to apply for December and the holiday period are to be announced by the heath minister during a press conference at noon on Thursday....

2695. Domestic violence figures maintain concerning climb

The police’s domestic violence unit received 180 complaints in September and October and made 29 arrests, justice minister Emily Yioliti said Wednesday. Meanwhile, the association for the prevention and handling of violence in the family (SPAVO) said it has marked an increase of 40% in calls received at the 1440 helpline....

2696. Cypriot gets vaccinated in Moscow

A business executive from Limassol living in Russia says he was given the Sputnik V shot for COVID-19, making him the first ever Cypriot known to have been vaccinated against the novel coronavirus...

2697. Cyprus, Slovakia FMs discuss Turkey's regional behaviour

Turkey’s escalating provocations in relation to Varosha, as well as in Cyprus’s EEZ and maritime zones, were the focus of discussions in Nicosia on Monday between the Cyprus Foreign Minister Nicos Christodoulides and the Minister of Foreign and European Affairs of the Slovak Republic Ivan Korcok....

2698. Restricted Christmas on the way, experts say

Coronavirus experts are mulling over plans for restrictions over Christmas, and stress that we shouldn’t expect carefree holidays....

2699. Authorities report 198 cases, one death

Cyprus authorities announced one coronavirus fatality and 198 new coronavirus cases on Wednesday....

2700. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....