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1261. 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...

1262. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

1263. 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....

1264. 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.”...

1265. Cyprus Foreign Minister concludes first official visit to Skopje

Foreign Minister Nicos Christodoulides had by Wednesday night completed his round of talks in Skopje, where he held an official one-day visit to discuss a range of issues with his North Macedonian counterpart Nikola Dimitrov....

1266. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

1267. Greek Deputy Minister of Development to visit Cyprus on Wednesday

Greek Deputy Minister of Development and Investment, responsible for Research and Technology, Christos Dimas, will be in Cyprus on Wednesday for a one-day visit, with an aim to strengthen bilateral cooperation in issues concerning the promotion of research, innovation and digital technologies....

1268. Deputy Minister for Research, Innovation and Digital Policy assumes duties

Kyriacos Kokkinos officially assumed his duties on Friday as Deputy Minister for Research, Innovation and Digital Policy, a Ministry established as part of promoting the government’s digital agenda....

1269. Interior Minister talks migration, Cyprus investment program with EU officials in Brussels

Interior Minister Nicos Nouris informed the EU Commission’s Vice-President Margaritis Schoinas on Cyprus’ needs and the issues the country faces in dealing with the increased flow of migrants, ahead of the presentation of relevant proposals by the Commission next month....

1270. Bulgaria wants in on EastMed energy cooperation

Bulgarian President Rumen Radev said on Tuesday that his country wishes to cooperate within the framework of the trilateral mechanism among Cyprus, Greece, and Israel in the energy field, adding that Bulgaria is geographically a natural continuation of these three countries....

1271. InvestCyprus creates specialized unit to help achieve 2030 tourist targets

InvestCyprus, the island’s organization responsible for attracting foreign direct investment, announced the creation of a specialized unit in a bid to facilitate efforts to achieve Cyprus’ National Tourist Strategy for 2030, which aims at attracting 5 million tourists by 2030....

1272. Bank of Cyprus 'Best Bank for Private Banking'

Bank of Cyprus has been named as the “Best Bank for Private Banking” in Cyprus by the internationally reputable magazine “Euromoney”, for the 5th consecutive year...

1273. End of 2019 sees historic high in investment funds assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

1274. Α defeat in the Cyprus Courts for Promsvyazbank

Clients of the Russian bank Promsvyazbank, which maintained a branch in Cyprus until the Central Bank revoked its license, won a small victory over the bank by bringing the case to court in Cyprus...

1275. EIB President in Cyprus to discuss bank’s investment in the country

The European Investment Bank (EIB) President, Werner Hoyer, was in Cyprus on Monday to update President Nicos Anastasiades on recent and future investment on the island, and to review improvements the education sector which has enjoyed significant ECB investment....

1276. President says use of Saudi-businessman owned jet not a violation of Ethics Code

President Nicos Anastasiades acknowledged on Thursday that he could have avoided using a private jet belonging to a Saudi businessman for a family holiday in the Seychelles, but denied that he was in violation of the Ethics Code....

1277. House President continues contacts in Australia

President of the House of Representatives Demetris Syllouris continued his contacts in Australia, in the framework of an official visit heading a parliamentary delegation, during which he discussed the Cyprus issue, developments in the Eastern Mediterranean, Turkey’s military operations, avoiding double taxation, and bilateral cooperation. ...

1278. Israeli investment announced for Larnaca port

Transport Minister Yiannis Karousos hinted at a deal with Israeli investors, saying they are ready to throw 1 billion at Larnaca’s port project...

1279. Cyprus 'golden passports' scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...

1280. Cyprus' plan to strip citizenship stalls in legal vacuum

A legal technicality has led Cyprus to temporarily halt a process to strip citizenship from 26 individuals who benefitted from a secretive passports-for-investment scheme, lawmakers said on Monday....

1281. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

1282. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

1283. PRIO: A Cyprus solution could reap high economic benefits

A solution to the Cyprus problem will create large new markets, research conducted by the independent, bicommunal research centre PRIO showed....

1284. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

1285. In Paris visit, Greek, French ministers agree to boost investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

1286. Shift in global funding led by private capital

Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever...

1287. Cyprus taps into Europe’s mountain know-how

Cyprus is hosting a European conference on mountain areas of large Mediterranean islands, hoping to gain valuable information and know-how from countries with a long tradition in managing mountain area policies...

1288. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

1289. Digital transformation of health services is indispensable

1290. 2020 year of ‘slowbalisation’

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing power parity terms,according to new projections by PwC, compared to its long-term average of a 21st century average of 3.8% per year...