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511. Cyprus Econ Council begins work on future sustainable growth blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

512. Cyprus, Lebanon begin preparations for first Trilateral Summit

Cyprus and Lebanon have begun preparations for the first Trilateral Summit at the level of Heads of State and Government, to be held in Nicosia in the spring, the Foreign Minister Nicos Christodoulides announced on Friday...

513. Cypriot students take to the streets

Organized student groups were gathering outside the Presidential Palace in Nicosia on Thursday to protest the implementation of exams on a semester basis...

514. New Ayia Napa mayor to fight for autonomy

Newly-elected Ayia Napa mayor says he will stay the course in the fight to keep the resort town autonomous, while pushing for reform...

515. US arms embargo to be lifted on conditions

President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...

516. Uncertainty reigns across international tax landscape

517. Cyprus tops the list of EU member states concerning absorption of EU Regional Development funds

Cyprus’ absorption capacity of EU Regional Development exceeded the EU average, Government Spokesman Prodromos Prodromou has said....

518. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

519. EU fails to launch membership talks with Balkans hopefuls

European Union leaders failed Friday to agree on launching membership negotiations with Albania and North Macedonia in an embarrassing climb-down that could risk inflaming the volatile Balkans region....

520. Government to introduce Green Tax Reform by 2021

Minister of Finance Harris Georgiades said on Thursday that the government would introduce in 2021 a “Green Tax Reform”. Georgiades was speaking to the press on the sidelines of the 20th Global Conference on Environmental Taxation which took place in Limassol...

521. US ambassador cautions Nicosia over 5G

Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...

522. Speaker Bercow, champion of Britain's parliament in clash with Johnson, bows out

House of Commons Speaker John Bercow, champion of Britain’s parliament in its move to rein in Prime Minister Boris Johnson over Brexit, said on Monday he would stand down, issuing a warning to the government not to “degrade” parliament. ...

523. President launches Exandas portal in a bid to enhance transparency

The implementation of 767 development projects, with a total cost of more than 2.7 bln euros, as well as the progress in implementing 321 government policies, reforms and national strategies are outlined in “Exandas”, the new internet portal launched on Friday by Cyprus President Nicos Anastasiades. According to officials, 92.17% of the projects listed is expected to be completed by 2023. ...

524. Singing from the same hymn sheet

I feel that the success of the New Democracy administration will largely depend on Premier Kyriakos Mitsotakis’ ability to strike a balance between the two camps...

525. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

526. Greek PM in charm offensive aiming to ease primary surplus targets

Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....

527. Substantive debate and ministers who listen

All of the participants on the Committee for Public Administration need to be applauded for the outcome. The former minister of administrative reform in the SYRIZA government, Mariliza Xenogiannakopoulou, publicly lauded the stance of State Minister George Gerapetritis, stressing that he showed a very creative and positive mood. ...

528. Moody’s calls for reform implementation to boost Greek growth

Greece’s credit profile is constrained by the country’s elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government’s implementation of reforms agreed with lenders would bolster growth....

529. The ‘public interest'

Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments. ...

530. Recovering lost ground

The government that has just taken power in Greece is different to what we are accustomed to and close to what a big chunk of the population is eager to see. The center-right administration appears well-prepared. The comparison is not only being made with SYRIZA, which was completely unprepared when it took over at a crucial period in 2015, but also with other supposedly experienced administrations before them. That said, in politics plans can be undone by unforeseen events. ...

531. Cyprus parliament suspends foreclosures

The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...

532. Cyprus aims to be among the first to regulate blockchain technology

Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...

533. A wise verdict

The Greek people voted wisely, as they have done in the past. They have given Kyriakos Mitsotakis a comfortable majority and a strong mandate. A percentage so close to 40 percent is unprecedented in the years of the crisis, as is a government with an outright majority. ...

534. US Senate votes to lift Cyprus arms embargo

The US Senate on Thursday voted to lift a decades-old arms embargo against Cyprus and to cut Turkey off the American F-35 fighter jet program if it proceeds with the acquisition of the Russian S-400 missile defense system...

535. EY Cyprus announces four new Partners

EY Cyprus announces the appointment of four new Partners. Nicolas Pavlou, Katerina Mina, Sakis Moyseos and Panayiotis Thrasyvoulou, who are expected to take up their new role as of 1 July 2019...

536. Amendments to Menendez Rubio bill 'unfortunate'

President Nicos Anastasiades described on Thursday the amendments made to the bipartisan legislation of Robert Menendez and Senator Rubio on an updated United States strategy in the Eastern Mediterranean as ''unfortunate'' ...

537. US bill calls for end to Russian military vessels refueling in Cyprus

The Eastern Mediterranean Security and Energy Partnership Act of 2019 would allow the U.S. to fully support the trilateral partnership of Israel, Greece, and Cyprus through energy and defense cooperation initiatives...

538. Warnings over new foreclosure legislation

A total of five bills concerning a new foreclosure legislation are expected to be discussed on Thursday at a meeting of the House of Representatives Finance Committee...

539. When necessity becomes history

540. Chinese Ambassador to Cyprus: No one stands to win in a trade war