https://knews.kathimerini.com.cy/en/news/eurozone-set-for-record-recession-eu-commission-warns
The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....
https://knews.kathimerini.com.cy/en/news/attorney-general-weighs-in-on-casino-probe
The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/comment/opinion/we-will-defeat-our-shared-pandemic-enemy-and-rise-stronger-in-its-wake
The story of U.S. leadership in the global battle against Covid-19 is a story of days, months, and decades. Every day, new U.S. technical and material assistance arrives in hospitals and labs around the world. These efforts, in turn, build on a decades-long foundation of American expertise, generosity, and planning that is unmatched in history....
https://knews.kathimerini.com.cy/en/news/euro-zone-ministers-look-for-economy-quick-fixes
Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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.”...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/mixed-reviews-for-cyprus-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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/a-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...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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.
...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/news/prio-a-solution-to-cyprus-problem-can-oe
A solution to the Cyprus problem will create large new markets, research conducted by the independent, bicommunal research centre PRIO showed....
https://knews.kathimerini.com.cy/en/news/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...
