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841. No more apologies: Inside Facebook's push to defend its image

Mark Zuckerberg, Facebook’s chief executive, signed off last month on a new initiative code-named Project Amplify....

842. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

843. Police hunt for supplier in cigarette racket

Cyprus police are making headway in the fight against the sale of illegal tobacco, with officials hoping a man's dramatic arrest over the weekend could help catch bigger fish and rein in the sale of untaxed cigarettes...

844. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

845. Fact sheet puts US-Cyprus ties at historic high

The US State Department’s latest fact sheet on the Republic of Cyprus heralds a bright future of cooperation between the countries, with relations between the superpower and the island nation described as being at a historic high...

846. Citizens not trusted with Covid self tests

Home test kits for COVID-19 are helping many countries detect infections while reducing long lines outside testing centers, but over-the-counter testing has not been incorporated in the Republic of Cyprus where officials remain reluctant over trusting private citizens with the results...

847. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

848. Cypriot minister thanks heavy metal band

Heavy metal band Sabaton got high praise from Cypriot Transport Minister Yiannis Karousos this week over the Swedish group’s running their merchandise operations on the island, with the group saying they had some tips to speed up deliveries...

849. First Porsche electric car chargers installed in Cyprus

The first four Porsche electric chargers have now been installed at the Radisson Blu five-star hotel in Larnaca, offering electric and hybrid car owners the opportunity to charge their vehicles with the quality and prestige of Porsche...

850. Woman fined for busting moves in Limassol

Law enforcement authorities have tracked down and fined a woman who was seen in a video dancing in a Greek tavern in Limassol against pandemic health protocols...

851. Cyprus says no to COVID home test kits

The government in the Republic of Cyprus has approved access to home test kits for COVID-19, but the use of an antigen non-invasive test using saliva is not on the approved list per health ministry policy...

852. Cyprus opens up to vaccinated Brits

The Republic of Cyprus will allow British tourists who have been vaccinated against COVID-19 to fly in without any restrictions starting May 1, joining the ranks of Israeli nationals who will also start visiting the island on a special green pass...

853. Detained street vendors accused of kidnapping

Two men in Limassol were remanded in custody for eight days, facing kidnapping charges after a parent said street vendors tried to entice a group of children to buy soccer jerseys from a car nearby...

854. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

855. Illegal refrigerant seized in buffer zone

Three dozen boxes of refrigerant gas were seized by authorities in the buffer zone on Tuesday, with police saying the illegal goods had been stashed away in a remote area near Potamia village...

856. Halloumi producers concerned over slowing exports

Producers of the traditional Cypriot cheese halloumi saw a reduction in the growth of their exports, as orders have been cancelled and quantities left undelivered as a result of the tight grip of restriction measures across the EU....

857. Cyprus supporter to lead US foreign committee

Cypriot President Nicos Anastasiades says he looks forward to working with US Senator Bob Menendez, after the NJ Democrat was named officially chairman of the foreign relations committee in the new Congress...

858. 15 law firms being audited for involvement in 'golden passports'

Interesting new details on the involvement of law firms in the island’s disgraced citizenship-by-investment programme were presented before the Investigative Committee by the head of the Cyprus Bar Association, Christos Clerides....

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

860. Cypriot FM visits Gulf before US inauguration

Cypriot Foreign Minister Nikos Christodoulides flew to the United Arab Emirates on Monday to hold a private meeting with his counterpart, days after the two countries signed a military cooperation agreement but also days before a changing of the guard in Washington could spell trouble for US arms sales to Gulf states...

861. 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. ...

862. Cabinet agrees on plastic bag ban at sales points

The Cabinet on Tuesday agreed on a blanket ban on thin plastic bags at points of sale, with the decision to come into force once passed by the House plenum....

863. Cyprus remains an attractive investment destination

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

864. Turkey’s defence industry to go it alone

US Senator Robert Menendez says he is not worried about retaliation from Turkey after Washington imposed sanctions on Ankara, with officials in Turkey warning further development of their domestic defence industry could speed up as a result...

865. COVID-19 to disrupt holiday shopping plans

866. Turkey shrugs off effect of sanctions as EUCO looms

The intense consultations between European Union member-states on the bloc’s response to Turkish aggression in recent months are expected to continue until the 11th hour before the start of Thursday’s crucial leaders summit. ...

867. Moscow blames ban on Cyprus Airways

Cypriot Transport Minister Yiannis Karousos says the government will do whatever necessary to overcome a disembarkation ban by Moscow, while reports say Russian aviation authorities imposed the ban on Cyprus Airways over the company’s failure to provide a passenger list...

868. Government ups rhetoric against auditor

The Cypriot government hinted over the weekend it might refer the auditor general to the Supreme Court over “indecent” behaviour, after the audit office published yet another damning report alleging offences in a Cabinet decision to grant investor passports to individuals linked to a casino project without meeting the criteria...

869. Scientists warn against rapid test self-checking

The rapid antigen tests that the health ministry recently stocked up on in its battle against time to detect coronavirus cases among Cyprus employees require careful handling....

870. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....