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631. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

632. Cyprus awaits endorsement during Ursula visit

European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...

633. President focused on agenda after reshuffle

Cypriot President Nicos Anastasiades says this week reshuffle of his Cabinet will serve the government agenda, while blaming the opposition for his coalition-style approach falling flat...

634. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

635. Cypriot president warns about Turkey agenda

Cypriot President Nicos Anastasiades has given a few more hints on what an EU agenda for Turkey ought to look like next month, only days after revealing he was prepared wield his veto power if a decision did not deal squarely with Cyprus...

636. Turkey sees Greek/Cypriot bias in EP report

The European Parliament has adopted a damning report on Turkey, calling among others for a formal suspension of accession talks, while drawing an immediate response from Ankara that says the report is not objective...

637. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

638. Minister warns House over crucial EU money

Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...

639. Cypriot leaders exchange jabs after Geneva

Republic of Cyprus President Nicos Anastasiades says his administration will embark on a global campaign to elicit reactions to positions put forth by Turkish Cypriot leader Ersin Tatar, with the two leaders on the divided island not shying away from taking serious jabs at each other...

640. No common ground in sight in Geneva

The two Cypriot leaders and media coverage of their separate discussions with the UN chief in Geneva could not be more diametrically opposed, with the parties in the 5+1 meeting called to reflect on their positions before assembling again on Thursday...

641. Search for common ground on Cyprus begins

The United Nations are launching in Geneva their latest effort in the Cyprus Problem, with an informal 5+1 meeting starting Tuesday in search for common ground despite the two sides on the divided island having denounced each other’s official position...

642. Christodoulides: Failure in Geneva won’t benefit anyone

A failure of the informal five-party summit would constitute a negative development for all participants, Foreign Minister Nikos Christodoulides said in an interview with Kathimerini Cyprus' Marina Economides, just before the new UN-led initiative was set to kick off in Geneva on Tuesday....

643. Cyprus’ famous pelican dies peacefully

Cyprus’ famous pelican Kokos died of old age this week, after living a long and full life and only days before he was due to put smiles on thousands of visitors in Kato Paphos...

644. 2021 KPMG CEO Outlook Pulse Survey

645. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

646. First Porsche electric car chargers installed in Cyprus

The first four Porsche electric chargers have now been installed at the Radisson Blu five-star hotel in Larnaca, offering electric and hybrid car owners the opportunity to charge their vehicles with the quality and prestige of Porsche...

647. Islandwide rollout of 'pay as you throw' programme in 2022

The ‘pay as you throw’ programme is expected to be rolled out across Cyprus next year, President Nicos Anastasiades said Wednesday....

648. EY Academy of Learning & Development introduces a new Web-Based Learning initiative

EY Cyprus is proud to announce the launch of a new Web-Based Learning (WBL) initiative, an expansion of the offerings of the EY Academy of Learning and Development...

649. Florida giant denies Huawei in Cyprus

An American company has put words into action in the middle of global 5G wars, with Phoenix Tower International and Monaco Telecom announcing an agreement that includes acquiring newly constructed wireless towers across Malta and Cyprus...

650. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

651. UN pick Greek Holy Week for sitdown

An informal 'five plus one' meeting on Cyprus will take place in Geneva during Greek Orthodox Holy Week, after a UN spokesperson confirmed location and dates for yet another historic sitdown...

652. Guterres to announce 5+1 sitdown ‘very soon’

UN officials have reiterated the Secretary General’s intent to move forward with the 5+1 informal meeting 'very soon,' following rumours in the media that not everyone was on board for the sit-down...

653. UK states it is a 'strong supporter' of federal Cyprob solution

The UK remains a “strong supporter” of a comprehensive, just and lasting settlement to the Cyprus issue based on the internationally accepted model of a bi-zonal, bi-communal federation, a government source in London has said. ...

654. Officials scorned over last minute wind advisory

Weather officials were criticized Monday over a last-minute warning issued Saturday night when gale force winds reached Cyprus, wreaking havoc and causing damages in parts of the island...

655. 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....

656. COVID-19 is adding new impetus to finance transformation

657. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

658. Anastasiades invites National Council to informal Cyprob summit

President Anastasiades briefed the National Council on Thursday on the latest developments in the Cyprus Problem, and extended an invitation to Council members to accompany him on the informal meeting the UN is organising, that is expected to take place in New York in late February or early May....

659. Five-party meeting within eyeshot

UN special envoy Jane Holl Lute on Monday got both leaders of divided Cyprus to commit to the possibility of informal talks as early as next month, with local media on both sides noting the lack of an official statement from the global organization...

660. UN envoy rolls the dice on Cyprus

UN special envoy Jane Holl Lute is meeting separately with the leaders of divided Cyprus on Monday, in an effort by the global organization to gauge possible outcomes before committing to informal talks on the decades-long problem...