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631. Pandemic's impact on tourism poses significant risks to Cyprus economy

The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....

632. Moratorium on energy plans would be the end of Cyprus' energy prospects, Lakkotrypis says

Outgoing Energy Minister Giorgos Lakkotrypis told Kathimerini Cyprus that a moratorium on the Republic’s energy plans due to internal or external instabilities would mean the end of any energy prospects for the country....

633. Greece reopens regional airports, says Covid-19 risk calculated

Greece reopened its regional airports to international flights on Wednesday, pinning its hopes on a recovery in tourism after a three-month lockdown....

634. Northwest Cyprus to be rebranded 'Paphos Riviera' amid fresh tourism designs

The Cyprus deputy tourism ministry is eyeing the western extremities of the Paphos region that is expected to be rebranded as the ‘Paphos Riviera’, announcing a new tender for the creation of a tourist development strategy and for the establishment of a tourist identity for the wider areas of Polis Chrysochous and Tylliria....

635. Cyprus tourism gearing up for ‘British invasion’

The tourism industry in the Republic of Cyprus is fighting tooth and nail to minimize losses this year, with the tourism minister hinting at British arrivals in mid-July and hoteliers asking for specific dates to get ready...

636. No progress among EU leaders on virus recovery deal

European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....

637. A grim five years for Greek tourism

Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....

638. Perdios: Cyprus expects just 30% of last year’s tourists

Cyprus expects to attract just 30% of the four million tourists that visited the island last year, deputy minister for tourism Savvas Perdios said, claiming that this year will without a doubt be very tough for the local tourism sector, but the epidemiological data of the island and countries from which it expects tourists will ultimately have the final say....

639. With healthcare in focus, Cyprus reopens for visitors

Cyprus reopened its airports on Tuesday after almost three months of lockdown, hoping its record in dealing with the coronavirus pandemic and a pledge of free medical treatment for any Covid-19 cases will lure tourists back to its beaches....

640. Wars over imported damaged vehicles

Transport ministry officials are getting serious pushback from groups opposing a new guideline that would require car damage history to be disclosed to prospective buyers of used vehicles...

641. Finance minister makes the case for Cyprus

Finance Minister Constantinos Petrides is confident the tourism industry in the Republic of Cyprus won’t have a catastrophic year following the pandemic, while calling on Europe to step up its recovery plan equally across the board...

642. Health advisory committee evaluating 20 countries for tourism protocol

With the Cabinet set to take concrete decisions on Friday regarding the gradual resumption of the operation of airports in mid-June, the Health Ministry’s epidemiological surveillance unit is evaluating a list of 20 countries from which Cyprus could receive tourists this summer....

643. Cyprus all set to receive tourists from June 15

The Deputy Tourism Ministry is all set to open the Cyprus tourism market as of June 15....

644. Cyprus extends flight ban but has a plan

Cyprus on Monday extended a ban on commercial flights into and out of the country until May 28 as the government considers ways to restore the country’s tourism industry to meet an anticipated swell in demand from vacationers eager to escape coronavirus lockdowns...

645. The four phases of Cyprus' lockdown exit roadmap

The Health Minister on Thursday gave a detailed overview of the four phases of Cyprus’ lockdown exit roadmap, which will be subject to adjustments based on how well the island responds to the gradual easing of restrictions....

646. Cyprus announces 'timid first steps' in easing restrictions

In a televised national address on Wednesday night, President Nicos Anastasiades presented the detailed plan of the first two phases of Cyprus’ lockdown exit plan, with the first phase, which will see a timid resumption of the economy and a small loosening of restrictions on individual freedoms, set to begin on May 4....

647. '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....

648. Govt announces 2,000 more tests for employees

The government announced on Friday that it will be shouldering the cost of an additional 2,000 coronavirus tests for nursing home staff and employees working in the supply chain of food and beverage businesses....

649. ExxonMobil puts Cyprus plans on hold

ExxonMobil's crucial drilling plans to confirm a large gas deposit south of Cyprus have been put on hold, with a local media report citing delays due to the coronavirus pandemic...

650. 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....

651. 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...

652. Cyprus gets tougher with stricter bundle of measures

Stricter measures to contain the spread of coronavirus were announced by the Health Minister on Monday as the island scrambles to curb the steadily rising deaths and infections....

653. Tax alert: Cyprus

654. President: Unnecessary travel strictly prohibited, violators to be fined

Addressing the nation on Monday night for the second time since the coronavirus pandemic broke out in Cyprus in early March, President Nicos Anastasiades announced that all unnecessary travel will be banned as of 6pm on Tuesday until April 13....

655. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

656. 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.”...

657. Ambitious national tourism strategy already in motion

Cyprus’ national tourism strategy, containing a set of predefined goals for each year until 2030, is already being implemented, Deputy Minister of Tourism, Savvas Perdios, said on Tuesday....

658. Fourth Italian dies from coronavirus in worst flare-up outside Asia

A fourth person infected with the coronavirus has died in Italy, officials said on Monday as the government struggled to contain an outbreak of the illness and financial markets slid on fears over the economic impact....

659. 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...

660. Cyprus in the midst of massive football corruption storm, Justice Minister says

“We’re in the midst of a massive storm,” Justice Minister Giorgos Savvides said on Tuesday, referring to the wave of football corruption allegations that has been sweeping over Cyprus recently....