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631. 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....

632. 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. ...

633. 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....

634. 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....

635. 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...

636. 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...

637. 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...

638. 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...

639. 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...

640. PwC’s city resilience framework

641. EY Cyprus Platinum Sponsor at first Cyprus Forum

642. 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....

643. 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...

644. 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....

645. KPMG Property Lending Barometer 2020

646. 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....

647. 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...

648. 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....

649. 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. ...

650. 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....

651. 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....

652. 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....

653. Greek-Turkish ties come under strain

The already tense relationship between Greece and Turkey has been strained further in the wake of Ankara’s leaking of a supposedly secret meeting between Greek, Turkish and German officials following Turkey’s controversial decision to convert Istanbul’s Hagia Sophia into a mosque and amid an increasingly aggressive Turkish stance in the East Mediterranean. The already tense relationship between Greece and Turkey has been strained further in the wake of Ankara’s leaking of a supposedly secret meeting between Greek, Turkish and German officials following Turkey’s controversial decision to convert Istanbul’s Hagia Sophia into a mosque and amid an increasingly aggressive Turkish stance in the East Mediterranean. ...

654. Berlin bridge-building effort undermined by Ankara

Turkish Foreign Minister Mevlut Cavusoglu on Tuesday revealed that a secret trilateral meeting between Turkish, German and Greek officials, mediated by Berlin, took place ahead of the European Union Foreign Affairs Council on Monday in the wake of Turkey’s controversial decision to convert Istanbul’s Hagia Sophia into a mosque. ...

655. 74% of Cypriots want higher EU budget to tackle pandemic

Three in four Cypriots believe the EU needs additional economic means in order to deal with the repercussions of the coronavirus pandemic, a study conducted by the European Parliament during the second half of June showed....

656. 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....

657. 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....

658. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

659. Commission approves €6.3m incentive scheme to boost Cyprus air connectivity

The European Commission on Thursday approved a €6.3 million incentive scheme aiming to boost Cyprus air connectivity and tourism through incentivizing airlines affected by the coronavirus outbreak to re-establish air routes to and from the island....

660. Greece reopens regional airports, says Covid-19 risk calculated

Greece reopened its regional airports to international flights on Wednesday, pinning its hopes on a recovery in tourism after a three-month lockdown....