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1171. International Luxury Property and Residency Conference

1172. Cyprus to give Greek ferry link another go

The Republic of Cyprus will make a new attempt to establish a maritime connection between the island and Greece, with officials saying amended plans tailored to seasonal schedules have been approved by the EU...

1173. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

1174. Illegal refrigerant seized in buffer zone

Three dozen boxes of refrigerant gas were seized by authorities in the buffer zone on Tuesday, with police saying the illegal goods had been stashed away in a remote area near Potamia village...

1175. Ferry link hopes end with a whimper

Shipping transport companies remained unconvinced over Cyprus’ effort to revive and subsidize a ferry link with Greece, with the government going back to the drawing board after no bidders came forward by Friday’s deadline...

1176. EU scrambles for supply amid vaccine clatter

Cypriot EU Commissioner Stella Kyriakides says AstraZeneca’s revised schedule for delivering fewer doses of the COVID-19 vaccine in coming weeks is “not acceptable” while the European Ombudsman embarks on an investigation into vaccine contracts...

1177. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

1178. Stella Kyriakides at Digital Agenda Cyprus Summit 2020

On 1 December 2019, Ms. Kyriakides became the European Commissioner for Health and Food Safety. ...

1179. Green transition in transport, agriculture an uphill task

Achieving sustainable transport demands policies on a governmental and local level which will give priority to users, providing more accessible, fair and clean alternative solutions, chairman of the parliamentary committee on transport, Charalambos Pittokopitis, has said, noting that the transition could not be achieved overnight....

1180. Cyprus sees glimmer of hope with Chevron

The government of the Republic of Cyprus says Chevron and Noble Energy have reaffirmed the importance that the two companies attribute to the development of Aphrodite gas field...

1181. 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...

1182. 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...

1183. 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...

1184. 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....

1185. 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....

1186. 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...

1187. KPMG launches series of technical webinars

1188. 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....

1189. 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....

1190. 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....

1191. 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....

1192. 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....

1193. 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....

1194. 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....

1195. 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....

1196. 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....

1197. 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...

1198. 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....

1199. Cyprus in the mix as world seeks cure

An Israeli military aircraft has delivered five tons of chloroquine to Cyprus this week, amid reports of secret wars over limited access to the drug but also uncertainty over its effectiveness in the fight against the coronavirus pandemic...

1200. 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...