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271. Support schemes averted drastic rise in unemployment

The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, labour minister Zeta Emilianidou said Thursday....

272. 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...

273. 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....

274. Cyprus and Russia come to terms

It will no longer be possible for wealthy Russians to distribute profit via dividends to foreign firms in Cyprus, after Nicosia said it agreed with Moscow on terms to amend a double tax treaty, but some say the island still kept some competitive advantages...

275. Cyprus perturbed over Russia tax move

Finance ministry officials in the Republic of Cyprus say they were caught by surprise when Russia announced it would scrap a bilateral double tax treaty, with Moscow suggesting there was no other alternative after talks had failed...

276. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

277. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

278. COVID-19 outbreak both a curse and a blessing

The coronavirus pandemic in Cyprus has come as both a curse and a blessing, as it forced authorities to move with unprecedented speeds toward a digital transformation, Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos said Thursday....

279. More Cypriots ditch cash during pandemic

Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show ...

280. Civil society group launches petition demanding government covers rent, utility bills

A civil society group that formed in Cyprus amid the coronavirus outbreak to address urgent social concerns that have slipped through the cracks of the government’s support package launched a petition on Wednesday demanding that the government moves to cover rent and suspend utility expenses....

281. Over 23,000 applications filed for suspension of loan payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

282. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

283. Now is the time for remote and online payments

For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing...

284. 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....

285. 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....

286. One in five deaths in Cyprus tobacco-related

One of the leading causes of preventable mortality in Cyprus is death due to lung cancer, while one in five deaths is tobacco-related, Cyprus’ state of health profile, compiled by EU bodies, showed....

287. Revenue from ship management dips

Ship management revenues decreased in the first half of 2019 by €5 million, according to the results of the Ship Management Survey for the first half of 2019, concerning the transactions of resident ship management companies published Wednesday by the Central Bank of Cyprus...

288. 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. ...

289. Woman still wanted in Larnaca travel scam

Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...

290. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

291. Apple Pay now available to Bank of Cyprus customers

292. Facebook to launch cryptocurrency called Libra

293. Farmer disputes break out in Denia

Greek Cypriot farmers were once again turned away from disputed land in the buffer zone, with reports suggesting they entered an area without permission...

294. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

295. Bank of Cyprus launches BoC Wallet App

You νo longer need to carry your wallet to pay for your purchases, all you need is your mobile phone...

296. Greek shipowners agree to pay 75 million annually to state

297. Filipina still in jail, adoption trial pushed back

A woman from the Philippines, who acted as a go-between in a gay couple child adoption, remains in prison without a formal attorney after her arraignment was pushed back on Wednesday...

298. Filipina adoption go-between to stand trial

A woman from the Philippines, who acted as a go-between in a gay couple child adoption, will stand criminal trial facing multiple charges including trafficking of minors...

299. Greek tankers have loads confiscated in Venezuela

300. Cyprus prepares to tap international markets after early repayments