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1171. Finance minister makes the case for Cyprus

Finance Minister Constantinos Petrides is confident the tourism industry in the Republic of Cyprus won’t have a catastrophic year following the pandemic, while calling on Europe to step up its recovery plan equally across the board...

1172. 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...

1173. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

1174. President unveils new stimulus package

President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic...

1175. Republic of Cyprus starts its biggest engine

A new presidential address to the nation on Wednesday is expected to set the tone as the Republic of Cyprus is gearing up for the summer season but debate over health concerns and social distancing still rages on...

1176. House passes bills mitigating pandemic repercussions

The House on Friday approved a wide array of bills, passing into law a wide array of bills seeking to keep Cyprus afloat as it is making its way through the first wave of the coronavirus pandemic....

1177. Empty middle seat? Depends on which country you are flying in

In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle seat open....

1178. EU pushes to unlock borders as coronavirus ravages travel

1179. Cyprus extends flight ban but has a plan

Cyprus on Monday extended a ban on commercial flights into and out of the country until May 28 as the government considers ways to restore the country’s tourism industry to meet an anticipated swell in demand from vacationers eager to escape coronavirus lockdowns...

1180. Joint working group established for resumption of Cyprus-Israel flight connection

Cyprus and Israel established a working group this week to prepare all necessary conditions for the resumption of the aviation connection between the two countries, Ambassador of Israel in Nicosia, Shmuel Revel told the Cyprus News Agency on Friday....

1181. As coronavirus lockdown eases, Cypriots still in limbo

Deniz Birinci had just hours to stuff her and her baby daughter’s belongings into suitcases and bin bags on March 16 before the two sides on the divided island of Cyprus imposed lockdowns to halt the spread of the new coronavirus....

1182. 'Tourism dogma' piques Israel’s interest

The Israeli tourism minister says his country is looking into the possibility of joining a safe zone for travel that is currently in the works between Cyprus and Greece...

1183. Cyprus police pick up pace in spy van probe

The surveillance company executive at the centre of a high profile spy van case in Cyprus is expected to give a police deposition as early as Tuesday, with reports saying the former Israeli intelligence officer insists he never broke the law...

1184. Cabinet maps out how to ease measures

The Cabinet in the Republic of Cyprus convenes Wednesday morning in order finalize plans for easing restrictions and restarting the economy as signs show COVID-19 infections winding down...

1185. 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....

1186. Cyprus and Greece join to tackle tourism

The Hellenic Association of Travel & Tourist Agencies and the Association of Cyprus Travel Agents have agreed to submit a joint proposal to the governments of both countries for Cyprus and Greece to be considered a single area for tourism purposes...

1187. Energy company proposes installation of an FRSU in Cyprus

Oslo-based company Hoegh LNG confirmed Friday it has submitted a proposal for the installation of a Floating Storage Regasification Unit (FRSU) in Cyprus and has sent letters to top government officials outlining its benefits....

1188. 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....

1189. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

1190. 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...

1191. 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...

1192. 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...

1193. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

1194. EU secures essential protective gear for its battle against coronavirus

The European Commission announced on Tuesday that it has been successful in procuring personal protective equipment that is to be distributed across EU Member States to assist in their battles against the coronavirus pandemic, which has seen an exponential surge in demand for the essential protective gear....

1195. Travel agents issue SOS as cancellations mount

Cancellations and minimal new bookings have brought travel agents to “the brink of disaster”, the President of the Cyprus Association of Travel Agents, Vasilis Stamataris, said in a press conference on Wednesday....

1196. Ambitious national tourism strategy already in motion

Cyprus’ national tourism strategy, containing a set of predefined goals for each year until 2030, is already being implemented, Deputy Minister of Tourism, Savvas Perdios, said on Tuesday....

1197. Economic sentiment in Cyprus falls in February due to weaker business confidence in services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020....

1198. 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....

1199. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

1200. Controversial plans for new quarry halted

A meeting held at the Environment Ministry on Thursday put an end to controversial plans to create a quarry zone in the Larnaca District, after civil society raised a ruckus over the thousands of trees that would need to be axed to make way for the quarry....