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271. Ledra substation up and running in old Nicosia

A police substation is back up and running 24 hours a day in downtown Nicosia, with officials hoping not only to promote a sense of security in the old city but also carry out inspections to ensure compliance with the latest emergency health laws...

272. Travel categories of SMS system that returns Sunday

The SMS system that Cyprus was happy to be rid of in late spring last year will be returning on Sunday as the island grapples with the rampant spread of coronavirus that has left the healthcare system increasingly burdened....

273. SMS system returns as Cyprus enters three-week lockdown

Cyprus Health Minister Constantinos Ioannou announced the new restrictions agreed upon by the Cabinet on Friday, which include a clampdown on unnecessary movements, and social and professional gatherings....

274. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

275. 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...

276. Zara's online store in Cyprus goes live today

Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business....

277. Woman loses 20 grand in bitcoin scam

A woman in Limassol says she lost over €20,000 after an unknown person convinced her to invest real money in cryptocurrency...

278. Judge Ankara by its actions not its words

Michael Rubin, resident scholar at the American Enterprise Institute, favors a less sympathetic approach on Turkey, arguing ad hoc partnerships can put pressure on Ankara to come around...

279. Nearly 100 asylum seekers flown out of Cyprus

Fourteen unaccompanied minors have been transferred from the Republic of Cyprus to Finland, while another 84 foreign nationals were flown back to their countries in what the government described as ‘voluntary returns'...

280. Apollo CEO investigated over Epstein ties

The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...

281. Cyprus human egg trade market returns to spotlight

The illegal trade of human eggs in Cyprus returned to the limelight during this week’s House human rights committee, with MPs expressing concern over a growing market in which female students are prime targets....

282. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

283. Return to lockdown not likely, Karayiannis says

The health advisory committee is keeping a close watch on the consistent crowding observed since restrictions on movement were lifted on May 21, but committee member Petros Karayiannis said lockdown measures won’t be reinstated unless Cyprus returns to a state where around 30-40 new coronavirus cases are announced over consecutive days....

284. Cabinet approves bill imposing steep rise in penalties for decree violations

The Cabinet on Friday approved a bill seeking to see penalties for violations of coronavirus measures skyrocket, as part of government efforts to increase deterrents to disregarding decrees and regulations under the Quarantine Law as the island gradually returns to normality....

285. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....

286. President and Education Minister brush off mounting concerns

As concern mounts over the Cyprus government’s decision to send children back to school on May 21, Education Minister Prodromos Prodromou issued a press conference Friday morning to clarify how the return of students to classrooms will play out....

287. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

288. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

289. Tax alert: Cyprus

290. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

291. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

292. EU executive tells Turkey to take migrants back from Greek border

European Commission President Ursula von der Leyen said ahead of talks with President Recep Tayyip Erdogan that Turkey must move refugees and migrants away from the Greek border....

293. Greek islanders strike over new migrant camps, government says no alternative

Greek island residents went on strike for a second day on Thursday, stepping up protests against government plans for new migrant camps on five islands after violent clashes with police....

294. Cyprus gets tough on economic migrants

Cypriot Interior Minister Nicos Nouris says the government is determined to cut down on asylum and residence permit applications by blocking economic migrants from filing non-legitimate petitions...

295. Greece seeking EU alliances to boost migrant returns

As tensions at migrant camps on the Aegean islands simmer amid continuing arrivals, the Greek government is looking at ways of accelerating the return of those whose asylum applications are rejected....

296. Greek position on EU migration pact

Greece’s position regarding the future of the migration and asylum pact that the European Commission is expected to table in the coming months rests on three fundamental principles: a European solution to a European challenge, a fair system that will stand the test of time, and the preservation of the European Union’s core values as enshrined in the EU Treaty....

297. In Paris visit, Greek, French ministers agree to boost investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

298. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

299. Slovakia’s premier cuts Cyprus visit short

Slovakia’s Premier Peter Pellegrini cut his official visit in Cyprus short due to a tragic accident in his country which resulted in the death of at least 13 people...

300. President Anastasiades to take part in Paris Peace Forum

President of the Republic Nicos Anastasiades departs for Paris on Monday to take part in the Paris Peace Forum organized by the French Presidency. A press release issued by the Presidency of the Republic said that Anastasiades will attend dinner hosted by President Emmanuel Macron for the heads of state and government as well as international organisations attending the Forum....