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601. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

602. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

603. Anastasiades joins EUCO summit prep with EU leaders

President Nicos Anastasiades participated on Tuesday in a teleconference with the President of the European Council and EU heads of state and government, in preparation for the extraordinary European Council summit to take place online on February 25-26. ...

604. Oktay: Forget any bargaining over Varosha

605. When the lights of the Palace begin to dim

The testimonies of 2013, say that in those critical days of the savings levy, there was a crowd of people on the hill of the presidential palace....

606. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

607. COVID-19 is adding new impetus to finance transformation

608. Cyprus remains an attractive investment destination

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

609. DBRS warns against protracted process in approving bugdet

Global credit rating agency DBRS Morning Star said it is monitoring the situation in Cyprus following the rejection of the 2021 state budget by lawmakers on Thursday, warning that a protracted process to approve the budget could affect economic sentiment and could eventually weigh on economic activity....

610. FinMin confirms Cyprus won’t reinstate ‘golden passports’ scheme

Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...

611. 318 new cases as Famagusta hospital nears capacity

A total of 318 new coronavirus cases were detected on Tuesday, when 10,962 tests were conducted, raising total cases to 10,883....

612. Turkey part of EU agenda on ‘reinvigorating’ ties with US

Restoring stability in the Eastern Mediterranean and a “coordinated approach” to Turkey are among the issues outlined by the European Commission in an internal document on how to “renew and reinvigorate” transatlantic relations under the incoming US administration of Joe Biden....

613. Biden to hit ground running with Greek pick

Greek-American political advisor and communications expert Jen Psaki has been named press secretary in US President-elect Joe Biden’s new all-female White House communications team...

614. Israeli medical complex coming to Cyprus

A huge undertaking in Cyprus’ medical industry has been announced, with a local company saying they reached an agreement with Israel’s Hadassah Medical to set up a network of hospitals offering diagnostic, rehabilitative, and assisted living care on the island...

615. Schools told to take ‘rustic’ measures

Education Minister Prodromos Prodromou drew criticism and humour on social media this week after he suggested young children in school could use throw blankets while doors and windows remained open for ventilation due to the pandemic...

616. Network resilience in a post-pandemic world

While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...

617. Rare show of solidarity after deadly quake

The leaders of Turkey and Greece communicated a rare sense of solidarity to each other in the wake of a deadly earthquake in the Aegean, felt in both Athens and Istanbul...

618. PwC’s city resilience framework

619. EY Cyprus Platinum Sponsor at first Cyprus Forum

620. Microsoft plans $1 billion data center venture in Greece

Microsoft has announced plans to build three data centers in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been hammered by the pandemic....

621. Trump and wife Melania test positive

US President Donald Trump said on Friday that he and his wife Melania had tested positive for COVID-19 and were going into quarantine, upending the race for the White House...

622. Solar panels being installed in over 400 Cyprus schools

Education Minister Prodromos Prodromou said Tuesday that the Cyprus Electricity Authority has begun the process of insulating and installing solar panels at 405 schools across Cyprus, allowing schools to take on the extra electricity load of air conditioners that are desperately needed as the heatwave rages on. Currently, 107 schools have solar panels....

623. KPMG Property Lending Barometer 2020

624. 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....

625. Farmer refuses to return worker’s passport

A story has emerged involving alleged mistreatment of a foreign worker, after a post shared on Facebook by a local NGO pointed to an old practice by employers unlawfully retaining foreign workers’ passports for leverage...

626. First batch of food donations ready to be shipped to Lebanon

Twenty tonnes of dry food have been collected so far in Cyprus, that are set to be distributed among the Lebanese public whose lives were overturned last week by the blasts that ripped through the capital, Beirut....

627. Beirut calls off search and rescue

The Cypriot rescue mission in Beirut was on its way back to the island after Lebanon shifted its search and rescue focus to recovery, while world leaders including Anastasiades pledged aid amid violent protests over the weekend. ...

628. Cyprus President expresses condolences to Lebanon, readiness to provide assistance

Cyprus President Nicos Anastasiades has expressed his deep condolences to the government and people of Lebanon, stressing the island’s readiness to provide any assistance necessary, following the two explosions which shook Beirut on Tuesday....

629. Cyprus to draw over €2.7b from EU pandemic recovery fund

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....

630. 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....