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1231. Jiu Jitsu director says Cyprus losing out

The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...

1232. Cyprus tourism hopes crushed as Jet2 pulls plug

Jet2 says it will suspend flights and holidays until at least 23 June citing uncertainty over London’s travel proposals, making the decision yet another British hit on Cyprus tourism expectations...

1233. Cypriot minister thanks heavy metal band

Heavy metal band Sabaton got high praise from Cypriot Transport Minister Yiannis Karousos this week over the Swedish group’s running their merchandise operations on the island, with the group saying they had some tips to speed up deliveries...

1234. Tourist form adds confusion to the mix

New confusion emerged over requirements regarding movement of foreign tourists in the Republic of Cyprus amid pandemic measures, with industry stakeholders saying visitors do not have to send text notifications before going out and the health ministry maintaining that rules apply to all...

1235. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...

1236. Reported House website hack was false alarm

The website of the House of Representatives in the Republic of Cyprus suffered a technical glitch on Monday, the innovation commissioner says, following reports in Greek Cypriot media that a foreign hacker had targeted the website...

1237. Cyprus appears upbeat in tourism challenge

Cypriot tourism officials are finding several reasons to be optimistic following resumption of flights and easing of restrictions, but industry experts find it a little harder to put on a brave face...

1238. EU pledges to keep AstraZeneca doses in the bloc for now

The European Union will ensure that coronavirus vaccines produced by AstraZeneca within the bloc stay there until the company returns to fulfilling its delivery commitments, Internal Market Commissioner Thierry Breton said on Friday. ...

1239. Nicosia seeks revision on Turkey draft

The Republic of Cyprus has raised concerns over a joint statement to be issued by the EU27 on Turkey, with sources saying Nicosia was calling for a new draft to 'better reflect' statements by officials...

1240. EU nips green pass debate in the bud

The EU's plan to get people traveling again with a Green Pass is expected to defer to member states on key decisions, such as whether to accept Russian and Chinese vaccines in the program...

1241. Govt meets extension of restrictions with new support measures

Cyprus Ministers of Finance, Constantinos Petrides and Labour, Welfare and Social Insurance, Zeta Emilianidou announced Friday an economic support package to the tune of €70 million for businesses and employees in an attempt to counterbalance the extension of restriction measures....

1242. Power outage refuels reform debate

A technical failure in the Vasilikos power plant was quickly restored Thursday morning, after rendering areas all over the Republic of Cyprus without electricity at a time when unions are up in arms over reforms in the industry...

1243. Cyprus to assume first Presidency term of EMGF

Cyprus will assume its first official Presidency term of the Eastern Mediterranean Gas Forum (EMGF) starting on January 2022, participants at the fourth EMGF ministerial meeting decided on Tuesday....

1244. 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....

1245. EU leaders seek to inject energy into slow vaccine rollout

European Union leaders are gathering Thursday to try to inject new energy into the bloc’s lagging coronavirus vaccination efforts as concern mounts that new variants might spread faster than authorities can adapt....

1246. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

1247. Virus-stranded cruise ships tread water off Cyprus

Half a dozen cruise ships have been stranded for up to nine months off Cyprus, looming large over a fishing village on the holiday island hit by the coronavirus pandemic...

1248. Cyprus and Israel agree on green passports

Cyprus and Israel reached an agreement on Sunday which would allow vaccinated Israelis to travel to the island without quarantine or other testing restrictions...

1249. Halloumi producers concerned over slowing exports

Producers of the traditional Cypriot cheese halloumi saw a reduction in the growth of their exports, as orders have been cancelled and quantities left undelivered as a result of the tight grip of restriction measures across the EU....

1250. Cypriot FM visits Gulf before US inauguration

Cypriot Foreign Minister Nikos Christodoulides flew to the United Arab Emirates on Monday to hold a private meeting with his counterpart, days after the two countries signed a military cooperation agreement but also days before a changing of the guard in Washington could spell trouble for US arms sales to Gulf states...

1251. 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...

1252. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

1253. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

1254. Turkey’s defence industry to go it alone

US Senator Robert Menendez says he is not worried about retaliation from Turkey after Washington imposed sanctions on Ankara, with officials in Turkey warning further development of their domestic defence industry could speed up as a result...

1255. Cyprus lays out eagerly awaited vaccination plan

The Republic of Cyprus’ eagerly awaited plan for the mass vaccination of its residents against the novel coronavirus was presented on Tuesday by the health minister and Dr Olga Kalakouta....

1256. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

1257. Nicosia cops detain six women in brothel raid

Six sex workers were detained Friday during a police raid in Nicosia, with officers arresting one of them on prostitution-related charges...

1258. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

1259. Cyprus' auditor general makes Jiu Jitsu move

The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...

1260. Safe business and digitalisation in maritime