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451. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

452. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

453. Cyprus calls on Turkey to engage in maritime zone delimitation talks

In an interview with the UAE television channel Alarabiya, defence minister Charalambos Petrides called on Turkey to accept the Republic of Cyprus’ invitation to engage in talks in view of reaching an agreement over the delimitation of the contested maritime zones between the two countries, or alternatively refer the issue to the International Court of Justice....

454. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

455. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...

456. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

457. COVID-19 calls for digital technology investments in oil and gas

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey...

458. PwC’s city resilience framework

459. Attorney General calls Auditor ‘to order’

Cypriot Attorney General George Savvides issued a stern warning on Saturday, calling to order the state’s auditor general over his insistence on examining specific golden passport case files linked to a casino project on the island...

460. Cyprus records deficit of €800 million in Q2

Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....

461. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

462. EC: Cyprus, Malta golden passport schemes in violation of EU law

The European Commission launched infringement procedures against Cyprus and Malta on Tuesday in response to their ‘golden passport’ schemes, and allowed a two-month period for the countries to respond in writing to the Commission’s warning letter....

463. Antonis Polemitis at Digital Agenda Cyprus Summit 2020

Mr. Polemitis has two decades of experience in higher education, private equity, and software development. He has a deep understanding of global higher education, having served as a CEO, investor, board member, instructor and technology developer in the field. He has been a principal or advisor for a broad range of corporate financings in the United States, Europe, Latin America and India, ranging from multi-billion dollar industrial buyouts to early stage venture capital. He has also led the development of high-scale cloud-based technology platforms in multiple industries....

464. Greece, US affirm commitment to boosting ties after high-level review

Greece and the US on Monday issued a joint statement following a high-level review of the US-Greece Strategic Dialogue that took place in Thessaloniki amid a visit to the northern port by US Secretary of State Mike Pompeo and Greek Foreign Minister Nikos Dendias....

465. Wealthy Britons turn to Cypriot citizenship

Interest in additional citizenships by British entrepreneurs is rising even as the European Commission examines possible steps to curb EU states selling passports and visas to wealthy foreigners, due to concerns it can help organized crime groups...

466. Cabinet throws ball in attorney general’s court

Cypriot President Nicos Anastasiades is calling on the state’s attorney general to appoint yet another committee to probe golden passport applications to settle a dispute between the auditor general’s office and the interior ministry over the “Cyprus Papers”...

467. Curtain rising for citizenship-by-investment program

The Presidency has before it four scenarios for dealing with the issue of purchased citizenships. The most likely possibility is that of suspending the investment program for a short period, as revealed by Kathimerini on Sunday....

468. Greek PM tweaks cabinet to increase efficiency on economy, labor and environment

Prime Minister Kyriakos Mitsotakis has introduced changes to the makeup of his cabinet aimed at increasing its “operational efficiency,” government spokesman Stelios Petsas said on Tuesday....

469. US ambassador sees opportunities in Cyprus

US Ambassador to Nicosia Judy Garber says the pandemic aftermath in Cyprus could be seen as an opportunity for the island, praising officials for managing the crisis and calling the country a “fantastic place for people” to do business...

470. All set for implementation of new support measures, FinMin says

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....

471. Cyprus to host next trilateral meeting of Greek, Cyprus, Israel FMs

Cyprus will host the next trilateral meeting of the foreign ministers of Cyprus, Israel and Greece, the Cyprus foreign minister Nicos Christodoulides agreed with his Israeli counterpart during a visit to Israel on Tuesday....

472. Businesses pursue strategies for turning challenges into opportunities

The results of the third round of the CFO Pulse survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy reveal that 46% of CFOs believe that if COVID-19 were to end today, their company could get back to “business as usual” within three months...

473. Mitsotakis makes Israel his first destination

Greek Prime Minister Kyriakos Mitsotakis is traveling to Israel today on his first foreign visit since the coronavirus outbreak. The message is clear, and it is being sent out in several directions. After deepening their mutually beneficial relationship (which is not aimed at any third country) for a decade, Greece and Israel are pushing ties to a new level....

474. Pandemic highlighted urgency of tackling climate challenges

While the coronavirus crisis has highlighted our vulnerabilities as a globally connected society, the recognition of the need to stabilize our climate and protect biodiversity preceded the current crisis by many years, Wolfgang Cramer, Scientific Co-Director of the Mediterranean Institute of Marine and Terrestrial Biodiversity and Ecology (IMBE), said Friday....

475. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....

476. Companies in Cyprus ready for the new norm

CFOs in Cyprus appear more pessimistic in the second round of the survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy...

477. 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....

478. 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....

479. 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....

480. 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....