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691. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

692. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

693. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

694. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....

695. 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....

696. AstraZeneca hitches ride with Russia's Sputnik in vaccine race

AstraZeneca will start clinical trials to test a combination of its experimental Covid-19 vaccine with Russia's Sputnik V shot aimed at boosting the efficacy of the British drugmaker's vaccine, Russia's sovereign wealth fund said on Friday....

697. Cyprus, Greece and Jordan to step up cooperation

Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....

698. Turkey shrugs off effect of sanctions as EUCO looms

The intense consultations between European Union member-states on the bloc’s response to Turkish aggression in recent months are expected to continue until the 11th hour before the start of Thursday’s crucial leaders summit. ...

699. Cyprus drilling programme to resume in mid-2021

The Cyprus hydrocarbon exploration programme will resume in the second half of 2021, energy minister Natasa Pilides said Tuesday, noting however that the pandemic has rendered drilling projects “increasingly complex.”...

700. Safe business and digitalisation in maritime

701. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

702. 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...

703. Cyprus digital transformation plan laid out

Cyprus' Deputy Ministry of Research, Innovation and Digital Policy is looking towards a two-speed plan, separating the aim for digital transformation into small high-speed and longer-orientated projects, in order to ensure effectiveness, Deputy Minister Kyriacos Kokkinos said on Thursday....

704. Cyprus FM expresses grave concern over Turkey

The Cyprus Foreign Minister, Nikos Christodoulides, stressed before his Council of Europe counterparts on Wednesday the need for a full implementation of European Court of Human Rights (ECHR) judgments, including the Interstate Case of Cyprus against Turkey, while expressing his grave concern for the escalating Turkish provocations against Cyprus....

705. Varosha getting revamp ahead of Erdogan visit

Preparations have begun within Varosha ahead of the upcoming visit of the Turkish President. Recent information points suggests that the Turkish government is moving ahead with significant interventions and revamp projects on the coastal front of the fenced-off city, which was re-opened by Turkish Cypriot authorities, with Turkey’s support, earlier this month....

706. Mountain areas tourism product to get new boost

The deputy tourism ministry is joining forces with the forestry department to upgrade the tourism product of mountain and rural areas, focusing on improving nature trails, shelters facilitating bicycle tourism, and other projects aiming to upgrade forest recreation areas. ...

707. Cyprus, Greece, Israel to bolster cooperation

The foreign ministers of Greece, Cyprus and Israel hailed the tripartite partnership between the three countries, aimed at bolstering economic and energy cooperation, during a meeting in Athens on Tuesday, and agreed that it could be expanded to include other countries in the region....

708. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

709. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

710. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

711. Deputy tourism ministry to subsidise beach revamp projects

The Cyprus deputy tourism ministry announced on Monday a subsidy scheme to encourage projects that will upgrade Cyprus beaches, in the framework of the implementation of the 2030 national strategy for tourism and efforts to upgrade the island’s tourism product....

712. Greece, US affirm commitment to boosting ties after high-level review

Greece and the US on Monday issued a joint statement following a high-level review of the US-Greece Strategic Dialogue that took place in Thessaloniki amid a visit to the northern port by US Secretary of State Mike Pompeo and Greek Foreign Minister Nikos Dendias....

713. Transport minister reveals future plans for trains, trams in Cyprus

"The Republic of Cyprus recognizes that the railways can play an important role in improving the efficiency of the transport of goods and people, for short and long distances," transport minister Yiannis Karousos said Monday during a teleconference shared with his European counterparts...

714. Tourism sector in Ayia Napa, Protaras records €15m loss in 2020

The tourism sector of the eastern coastal destinations of Ayia Napa and Protaras suffered losses estimated at €15 million during the current tourist season as a result of the stem in tourist arrivals against the backdrop of the ongoing coronavirus pandemic....

715. MINTHIS property collection and the design diversity

Pafilia is always at the forefront of innovation in the real estate market thanks to its visionary approach and determination to push boundaries. With the recent launch of a new collection of residential designs at Minthis, collectively called Topos, they have once again set new industry benchmarks and further diversify the product range at this holistic lifestyle destination....

716. Summer Internships Programme by PwC

Despite the difficult conditions and the challenges organisations are facing as a result of the COVID-19 pandemic, PwC Cyprus offers this year the opportunity to 90 university students to participate in the 3 summer internship programmes of the organisation...

717. EU summit breaks up after all-night talks, to resume later

A marathon European Union summit has broken up temporarily in the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. The weary leaders were scheduled to resume the meeting Monday afternoon....

718. EU raises its bet on blood plasma in search for Covid-19 treatment

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc’s growing confidence in the experimental treatment....

719. LNG terminal project marks new era for Cyprus

The infrastructure for the introduction of liquefied natural gas for electricity generation places Cyprus on track for a new energy era, opening new strong prospects for the island’s economy, President of the Republic Nicos Anastasiades said on Thursday...

720. 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....