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1891. EY welcomes Eleni Sofocleous as a Director in EY Cyprus’ Tax Practice

EY Cyprus, staying true to its commitment to building a better working world, always looks to reinforce its teams with the brightest talents. In this context, we are proud to announce that, as of 11th of January 2021, Eleni Sofocleous has joined EY’s Tax practice...

1892. Protesters march against lockdown measures

Two people were arrested on Saturday in connection with a demonstration downtown Nicosia, where a group of citizens gathered to protest against a partial lockdown that went into effect Sunday morning...

1893. Cyprus, US sign Declaration of Intent on border security

Cyprus and the USA signed on Tuesday a Declaration of Intent on strengthening cooperation on border security issues, in view of enhancing their capacity to counter common threats and foster stability in the region. ...

1894. Cyprus tourism revenue drops by 85.1% in first ten months of 2020

The Cyprus tourism sector marked an 85.1% drop in revenue over the first ten months of 2020, data released by the Cyprus Statistical Service (CyStat) on Wednesday show. ...

1895. Redacted report on golden passports published

A redacted version of the Kalogerou report on golden passports is expected to be made public on Tuesday afternoon, amid criticism of the government from opposition parties calling for transparency in probing corruption allegations...

1896. Report on passport scheme to be released, President says

President Anastasiades said the report of the investigative committee spearheaded by Securities and Exchange Commissioner Demetra Kalorigou on the island’s disgraced citizenship-by-investment program will be released next Tuesday....

1897. DIKO raises conflict of interest for AG

DIKO president Nicholas Papadopoulos has raised concerns over conflicts of interest for the state’s attorney general in connection with a golden passports investigation, following a statement from the Presidential Palace on publicizing some findings but not in their entirety...

1898. AG says release of 'golden passports' files would harm investigations

The findings of the investigative committee looking into the Cyprus’ disgraced Citizenship by Investment scheme will be made public to the degree that will not affect public interest, Attorney General Giorgos Savvides said Friday....

1899. Nicosia takes lead in number of new coronavirus cases

Over half of the new coronavirus cases detected during the first two weeks of December were Nicosia-based, the new national surveillance report published Friday showed, while December has already broken the record in the highest numbers of coronavirus fatalities in any given month....

1900. 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...

1901. 5G bidding process wraps up, first licences in January 2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

1902. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

1903. Cyprus lays out eagerly awaited vaccination plan

The Republic of Cyprus’ eagerly awaited plan for the mass vaccination of its residents against the novel coronavirus was presented on Tuesday by the health minister and Dr Olga Kalakouta....

1904. Delivery guy attacked on job in Nicosia

A delivery driver in Nicosia was attacked and robbed on Monday while attempting to deliver food after curfew to an Aglandjia address near the buffer zone...

1905. Increase in Covid-19 genetic material detected in wastewater

An increase in the genetic material of the new coronavirus was recorded in the analysis of urban wastewater of the Sewerage Board of Limassol-Amathus (SBLA) which was done in collaboration with the International Water Research Center "NIREAS" of the University of Cyprus. The aim of the cooperation is to develop a reliable early warning system regarding the degree of the Covid-19 spread....

1906. 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....

1907. Emergency exercise carried out at Larnaca airport

An emergency exercise was successfully completed on Thursday at Larnaca International Airport with the participation of governmental and non-governmental departments and services operating in the airport....

1908. Prosecution against working mom suspended

The state’s attorney general has suspended criminal prosecution against a mother in Limassol, after a citizen took the woman’s young daughter to a police station saying she was found alone at a local park...

1909. President Anastasiades travels to Brussels ahead of European Council

1910. Chloraka murder suspects in custody

Two remaining suspects in a Chloraka murder earlier this year have been ordered in remanded custody in the south, after they were handed over by Turkish Cypriot authorities in the north following their extradition from Turkey...

1911. 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...

1912. 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...

1913. Holy Synod to support vaccine but maintains Holy Communion stance

The Holy Synod of the Church of Cyprus convened for an emergency meeting on Tuesday during which it was briefed by members of the government’s coronavirus expert task force on the coronavirus pandemic, with the Holy Synod concluding that it will support the vaccination of the public but refused to accept that the virus can be transmitted through the holy communion ritual....

1914. Cyprus' auditor general makes Jiu Jitsu move

The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...

1915. 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....

1916. Police defend incitement arrests over weekend

Police defended the actions of law enforcement officers after they arrested two individuals over the weekend on incitement charges hours before a scheduled demonstration in downtown Nicosia...

1917. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

1918. 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....

1919. Health Ministry to buy additional 400,000 rapid antigen tests

The Council of Ministers has approved a proposal tabled by the Minister of Health Constantinos Ioannou for the purchase of an additional 400,000 rapid antigen tests to bolster efforts toward monitoring the island’s epidemiological situation and limiting the spread of coronavirus. ...

1920. Domestic violence figures maintain concerning climb

The police’s domestic violence unit received 180 complaints in September and October and made 29 arrests, justice minister Emily Yioliti said Wednesday. Meanwhile, the association for the prevention and handling of violence in the family (SPAVO) said it has marked an increase of 40% in calls received at the 1440 helpline....