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691. Half of Cyprus population unable to cope with unexpected expenses

Almost half (48%) of the populations of both Cyprus and Greece were unable to cope with unexpected financial expenses last year, data released by the European statistical service (Eurostat) on Tuesday showed....

692. 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...

693. 'Better Days Are Coming' campaign calls on tourists to visit Cyprus

A new campaign launched by the Deputy Tourism Ministry promises that ‘Better Days Are Coming’, calling on tourists to begin making plans to visit Cyprus, where idyllic landscapes and crystal clear seas will be waiting to greet them....

694. Police take good news with grain of salt

Police in the Republic of Cyprus say they remain vigilant during the pandemic lockdown, concerned that signals for a possible lift of restrictive measures could make people feel less obligated to comply...

695. World remains cautious over chloroquine

The US Food and Drug Administration is a step closer to a potential approval of chloroquine for treatment against Covid-19, while more doubts over the drug’s effectiveness and concerns over lethal side effects continue to pop up around the globe...

696. Government funds not unlimited, Finance Minister warns

Finance Minister Constantinos Petrides said Monday that the government does not have unlimited funds with which to support the local economy during these tough times....

697. 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....

698. NGOs raise alarm over inhumane conditions at overcrowded migrant camp

Two migrant and refugee support NGOs, Cyprus Refugee Council and Caritas Cyprus, have raised the alarm over the inhumane conditions that have developed in the Kokkinitrimithia camp, particularly since the coronavirus pandemic broke out on the island....

699. Employers and Employees in the age of Covid-19: A looming battle

In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....

700. 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...

701. Domestic violence up by 30% since Covid-19 broke out in Cyprus

A domestic violence helpline saw calls rise by 30% between March 9, when the first coronavirus case was confirmed in Cyprus, and March 17, the Association for the Prevention and Handling of Violence in the Family said....

702. Greek PM meets with five EU leaders over bloc's budget

Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....

703. Cyprus wins halloumi battle in UK

The Republic of Cyprus has regained the halloumi trademark in the UK after almost two years of intense efforts by officials to correct an administrative blunder...

704. 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...

705. Three new endangered monk seals born in Cyprus

Three new births of the Mediterranean monk seal species (Monachus monachus), one of the most endangered mammals in the world and the only seal species in the Mediterranean, were recorded last year, the Agricultural Ministry announced on Friday....

706. Dissatisfaction with democracy 'at record high'

Dissatisfaction with democracy within developed countries is at its highest level in almost 25 years, according to University of Cambridge researchers. ...

707. '74' wins first place at Cyprus International Film Festival

Paul Lambis’ full-length screenplay “74” was awarded the “Best Screenplay” prize at the Cyprus International Film Festival’s Golden Aphrodite awards ceremony, held at the Pallas Cinema-Theatre in Nicosia...

708. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

709. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

710. Tourism staggers but officials still hope

Deputy Minister for Tourism Savvas Perdios says 2019 is a difficult year for tourism but there is no need for panic as positive developments may be expected in the coming weeks...

711. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

712. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

713. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

714. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

715. Ombudswoman weighs in on Bishop controversy

Criticism towards Bishop Neophytos is picking up steam, following his comments about homosexuality and abortion that stirred debate and prompted all sorts of reactions...

716. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

717. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

718. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...

719. Deutsche Bank axes 18,000 jobs

720. Tourist falls onto rocks in Akamas

An Israeli tourist ended up in the Emergency Room in Paphos after he fell on rocks near a camping site on the beach at Baths of Aphrodite...