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1711. 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...

1712. Pressure mounts on EU drug regulator to approve Pfizer vaccine

Europe's drug regulator is under increasing pressure to quickly approve the Covid-19 vaccine developed by US giant Pfizer and Germany's BioNTech, officials said, as inoculations get started in Britain and the United States....

1713. 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....

1714. Disconnect on ethical AI priorities between public and private sectors

In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...

1715. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

1716. Moderna to seek US, EU authorization for vaccine on Monday

Moderna Inc will apply for US and European emergency authorization for its Covid-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said....

1717. 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....

1718. Coronavirus report shows Nicosia, Larnaca situation deteriorating

A new national surveillance report published and presented on Friday by the government’s health advisory committee showed Limassol and Paphos are making epidemiological progress, but Nicosia and Larnaca are presenting higher rates of coronavirus transmission. ...

1719. Cyprus shoots its shot in race for vaccine

As the Republic of Cyprus expects to get one million of doses of the COVID-19 vaccine, President Anastasiades is calling for “common standards” as fierce competition overseas paints a gloomy picture on how countries go about to secure vaccinations for their citizens...

1720. Moderna’s coronavirus vaccine nearly 95% effective, early data shows

For the second time this month, there’s promising news from a Covid-19 vaccine candidate: Moderna said Monday its shots provide strong protection, a dash of hope against the grim backdrop of coronavirus surges in the US and around the world. ...

1721. Coronavirus case fatality risk in Cyprus stands at 0.6%

A national surveillance report published Friday showed that by November 8, the island’s pandemic had seen 33 coronavirus fatalities after 5,854 detected cases, indicating a case fatality rate of 0.6%....

1722. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

1723. Pfizer, BioNTech say their Covid-19 vaccine is more than 90% effective

Pfizer Inc on Monday said its experimental vaccine was more than 90% effective in preventing Covid-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life....

1724. Experts present data behind coronavirus flare-up

Cyprus’ coronavirus experts presented the data behind the pandemic’s recent flare-up in a news conference on Friday....

1725. Cyprus takes another crack at COVID

President Nicos Anastasiades got personal in his address to the nation on Wednesday night, calling on citizens to do their fair share to stop the spread of the coronavirus while announcing stricter measures in all districts including a night curfew...

1726. Over 200,000 tonnes of plastic leaking into the Mediterranean each year

A new IUCN (International Union for Conservation of Nature) report finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year, equivalent to over 500 shipping containers each day. Unless significant measures are taken to address mismanaged waste, the main source of the leakage, this will at least double by 2040. ...

1727. Cyprus removed from UK's travel corridor

The British government has taken Cyprus off the list of travel exemptions, requiring travelers flying back from the island to the UK to self isolate for two weeks...

1728. Over 40% of coronavirus cases detected in past fortnight

In the last 14 days (11-24 October), 1,374 cases of coronavirus were diagnosed in Cyprus, which corresponds to 40.5% of the total cases (3,388) recorded until the October 24, according data published in the National Surveillance Report on Thursday, produced by the Epidemiological Surveillance Unit of the Ministry of Health....

1729. MBA scholarships at CIIM for Oil & Gas Management

1730. Cyprus downgrades four countries in updated travel list

The Republic of Cyprus on Tuesday downgraded four countries in its three-tier risk-based classification of countries, with the updated travel list to come into effect on October 9....

1731. Thousands of drivers fined since higher penalties enforced

Police have filed reports for over 2,360 traffic violations since October 1, when steeper penalties came into force as Cyprus scrambles to reduce its high rates of road deaths and accidents that are often the result of widespread reckless driving....

1732. Over 600 traffic violations reported as higher penalties kick in

The first day of stricter penalties for traffic violations got off to a rocky start, with traffic police filing over 600 reports against drivers across Cyprus, with some drivers not taking their steep fines lightly....

1733. Winter season a window of opportunity for tourism

With the tourism sector’s performance this summer having refuted even the most optimistic forecasts that were made, the question for tour operators is what more can be done over the next period to reduce the big losses. As such, everyone's attention has shifted to the winter period that begins next November and ends in March 2021....

1734. Coronavirus measures bring sharp drop in EU asylum applications

First-time asylum applicants in the EU recorded a sharp drop of almost 70% during the second quarter of 2020, mainly as a result of coronavirus emergency measures imposed by member states from March, Eurostat figures showed Wednesday....

1735. NATO keeps France-Turkey probe under wraps as tempers flare

A NATO investigation into a naval standoff between French and Turkish ships in June has been rated too sensitive to discuss in public and does not apportion blame, as Paris and Ankara wage a war of words, diplomats have told Reuters....

1736. Cyprus coronavirus fatality rate at 1.9%

The fatality rate of COVID-19 in Cyprus stands at 1.9%, with a total of 1,511 COVID-19 cases and 29 deaths recorded until September 8, according to the COVID-19 National Surveillance Report published Friday....

1737. Banks must prepare for a new cycle of NPLs due to Covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

1738. Government extends support schemes until end October

The Cabinet on Thursday decided to extend current government support programs aiming to cushion the blow of the coronavirus pandemic until the end of October, Labour Minister Zeta Emilianidou said....

1739. Cyprus health ministry issues fresh epidemiological data

By August 11, a total of 1,278 coronavirus cases and 27 fatalities were in the Republic of Cyprus, with the case fatality rate standing at 2.1%, according to the Ministry of Health’s National Surveillance Report on coronavirus, published Thursday....

1740. 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...