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1471. Buyer’s market and herd immunity

The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...

1472. 14 new coronavirus cases in Cyprus

Cyprus detected 14 new coronavirus cases after conducting 3,775 tests on Wednesday....

1473. Cyprus on alert as Chevron snaps Noble

The acquisition of Noble Energy by Chevron is a development that may affect the development of the "Aphrodite" deposit, the Cypriot energy minister has said...

1474. Cyprus readies launch of 5G bid

The Republic of Cyprus is moving forward with opening a public bid for the country’s 5G network, with permits expected to be approved before the year is out...

1475. Locals find hidden hotel rates in Cyprus

A report shows that booking some hotel rooms online in the Republic of Cyprus could end up costing more money, after locals discovered they could land better deals by calling a hotel directly...

1476. 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....

1477. EU gives go-ahead for Cyprus-Greece ferry connection subsidy

Cyprus’ outgoing Deputy Shipping Minister Natasa Pilides said on Monday that the goal to establish a ferry connection between Cyprus and Greece is moving forward, noting that following consultations which began a year ago, the EU Competition Directorate-General has approved a state subsidy for the project valued of at a maximum of €6 million per year....

1478. 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....

1479. Remdesivir set to become Europe's first COVID-19 therapy

Doctors in Europe will soon be able to treat COVID-19 patients with Gilead’s antiviral drug, remdesivir, after the healthcare regulator’s endorsement put it on track to become the first therapy for the disease on the continent....

1480. 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...

1481. Nicosia midtown center in the works

A new modern business centre on the most popular main street in Nicosia is said to be in the pipeline, following reports that the Bank of Cyprus has sold a parking lot in the midtown area...

1482. 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...

1483. Ozersay: daily crossing of T/C workers as of June 22

The daily movement through checkpoints of Turkish Cypriots living in the north but working in the Republic can begin as of June 22, when the safety of the Republic’s move to reopen airports will be made clear, Kudret Ozersay, in charge of foreign affairs in the north, said Thursday....

1484. KPMG launches series of technical webinars

1485. Cyprus must remain successful in battle against virus, Health Minister says

Cyprus has been successful so far in controlling COVID-19 but needs to remain so, said Health Minister Constantinos Ioannou, noting that the EU must improve the overall quality of its healthcare services to be better positioned to deal with issues like COVID-19 in the future....

1486. Cyprus hotels to offer attractive packages for locals

With residents of Cyprus likely to look for local holiday options this summer, the Cyprus Hotels Association said it will be offering attractive deals to locals....

1487. 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....

1488. House passes bills mitigating pandemic repercussions

The House on Friday approved a wide array of bills, passing into law a wide array of bills seeking to keep Cyprus afloat as it is making its way through the first wave of the coronavirus pandemic....

1489. New chapter in store for old Orphanides mall

The Bank of Cyprus is reportedly sounding out the government on a potential mega deal in west Nicosia, with ideas thrown around for the old Orphanides Mall to become a business centre or a medical facility...

1490. Cabinet scraps bill for government loan guarantees

The Cabinet on Tuesday withdrew a bill that would allow the government to provide guarantees for loans to be given to businesses affected by the coronavirus pandemic....

1491. New rules issued for food and beverage establishments

With all restrictions on movement to be scrapped on May 21, when gatherings of groups of up 10 people will be permitted, the Health Ministry on Monday issued new instructions for cafes, restaurants and bars....

1492. Cabinet approves new bundle of support measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

1493. Eurozone set for record recession, EU Commission warns

The eurozone economy will contract by a record 7.7 percent this year because of the Covid-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday....

1494. Greece condemns Turkey’s drilling intentions in Cyprus’ EEZ

Greece on Tuesday condemned Turkey’s announced intention to continue drilling inside Cyprus’ exclusive economic zone (EEZ), saying it ignores calls by the international community to respect international law....

1495. Cypriot food blogger drives passion home

As we experience these hard times it is difficult to identify, let alone rejoice the blessings COVID-19 will bring with it. One of them is going back to beautiful habits and rituals of home cooking which are all about togetherness...

1496. New decree allows repatriation of all legal residents

By Thursday, a sum of 9,282 students abroad who chose to remain put amid the coronavirus outbreak had received a €750 government benefit, as promised last month....

1497. Government revising price cap on antiseptics, masks

The government announced on Monday that it was revising the price cap it placed last month on antiseptics and surgical masks, as growing international demand is constantly bringing price fluctuations resulting in local shortages....

1498. Paphos mayor: Government should regulate 'black market pricing' of COVID-19 tests

Condemning the fact that some are taking advantage of the health crisis and making extraordinary profits, Paphos Mayor Phedonas Phedonos demanded on Friday that the government moves to set the price of coronavirus lab tests through a decree....

1499. Bill sparks kosher debate in Cyprus

Animal rights advocates are up in arms over a new government bill that would allow slaughterhouses in the Republic of Cyprus to incorporate kosher rituals, a procedure described by animal rights activists as inhumane...

1500. 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....