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721. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

722. Cabinet under pressure to modify safe pass

There are reports of second thoughts over the scope of Cyprus’ safety pass with Kathimerini reporting that grievances within the hospitality industry have reached the Presidential Palace, putting enormous pressure on the health minister to water down rules pertaining to restaurants...

723. Cyprus ends lockdown with safe pass

A third lockdown in the Republic of Cyprus ended on Sunday as new measures went into effect Monday including a controversial safety pass, with the government betting on a slight improvement as it pushes for gradual return to normality...

724. CoronaPass tricky for some COVID survivors

People and businesses in the Republic of Cyprus were still waiting Friday for an official decree after Cabinet approval for a controversial CoronaPass, but COVID survivors with antibodies could have a hard time proving immunity after the health ministry said it would not accept self-test or home kits...

725. Minister warns House over crucial EU money

Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...

726. Holy Moly ahead of Holy Week decision

The President’s Cabinet is expected on Thursday to announce a way forward ahead of Greek Orthodox Holy Week, with the health minister not favoring tougher pandemic measures but also warning a lockdown was not off the table...

727. 2021 KPMG CEO Outlook Pulse Survey

728. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

729. Ioannou: Matter of time until health system brought to its knees

Health Minister Constantinos Ioannou warned Wednesday that if the current trend of rising new cases and hospital admissions continues, it will only be a matter of time until the healthcare system is brought to its knees....

730. The bet that Cyprus is winning

The decision taken yesterday by Germany’s Standing Committee on Vaccination (STIKO) to allow the administration of the AstraZeneca vaccine to those aged over 65 years old was met with strong reactions domestically due to the bad reputation built up for the vaccine by the early statements of German officials on the efficacy of the specific jab....

731. 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....

732. 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....

733. 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. ...

734. Oktay: Forget any bargaining over Varosha

735. 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....

736. 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....

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

738. Cyprus remains an attractive investment destination

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

739. 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....

740. 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. ...

741. 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....

742. 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....

743. 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...

744. 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...

745. 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...

746. 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...

747. 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...

748. PwC’s city resilience framework

749. EY Cyprus Platinum Sponsor at first Cyprus Forum

750. 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....