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1801. Customised solutions: Our expertise can help the hotel sector recover

APC Audit Tax Advisory Ltd and CITR Cyprus Ltd, have decided to join forces to offer a complete package of services to Cypriot Hoteliers, which will contain the vital innovative and customized solutions that are necessary, in order to properly deal with the evolving pandemic...

1802. 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....

1803. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

1804. 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....

1805. Cyprus, Israel affirm excellent bilateral relations

Israeli Minister of Defence Benny Gantz has stressed the necessity for Turkey to immediately terminate its illegal actions in Cyprus and the broader region, in order to create the favourable conditions that would allow for the resumption of a productive dialogue on the Cyprus issue....

1806. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

1807. 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...

1808. Systems tested by slaughterhouse outbreak

A company that owns a slaughterhouse in rural Nicosia has until Monday to explain how 79 people were found working without proper authorization, following a coronavirus outbreak on the premises and days after the firm hinted that government officials were supplying asylum seekers for manual labour through backchannels...

1809. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

1810. Experts present data behind coronavirus flare-up

Cyprus’ coronavirus experts presented the data behind the pandemic’s recent flare-up in a news conference on Friday....

1811. Government unleashes new bundle of support measures

Along with the new restrictions imposed to curb the recent spike in coronavirus cases, the labour minister Zeta Emilianidou said Thursday that the Cyprus government agreed on a new batch of support measures budgeted between 130 and 150 million euros....

1812. COVID-19 calls for digital technology investments in oil and gas

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey...

1813. Over 200,000 tonnes of plastic leaking into the Mediterranean each year

A new IUCN (International Union for Conservation of Nature) report finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year, equivalent to over 500 shipping containers each day. Unless significant measures are taken to address mismanaged waste, the main source of the leakage, this will at least double by 2040. ...

1814. PwC’s city resilience framework

1815. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

1816.  EY announces the win of three 2020 Microsoft Global Partner of the Year Awards

1817. Fresh total lockdown out of the question for Cyprus govt

Finance minister Constantinos Petrides on Monday strongly refuted the possibility of Cyprus entering a second lockdown, such as the one it was plummeted into in March as a result of the outbreak of coronavirus....

1818. Expert concerned over cases at private hospitals, businesses

Member of the government’s health advisory committee Dr Petros Karayiannis raised the alarm on Friday over the large numbers of new coronavirus cases being detected among employees of private sector establishments such as hospitals, universities, banks, and companies....

1819. Cyprus records deficit of €800 million in Q2

Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....

1820. Reynders: 'golden passport' schemes must be abolished

The EU Commissioner for Justice Didier Reynders briefed the plenary of the European Parliament on Thursday on the Commission’s decision to initiate infringement proceedings against Cyprus and Malta in view of their ‘golden passports’ schemes which appear to be in violation of EU law....

1821. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

1822. MBA scholarships at CIIM for Oil & Gas Management

1823. EY Cyprus Platinum Sponsor at first Cyprus Forum

1824. Green transition in transport, agriculture an uphill task

Achieving sustainable transport demands policies on a governmental and local level which will give priority to users, providing more accessible, fair and clean alternative solutions, chairman of the parliamentary committee on transport, Charalambos Pittokopitis, has said, noting that the transition could not be achieved overnight....

1825. 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....

1826. What Berlin made clear to Nicosia

German officials coordinating with Nicosia, after the Republic of Cyprus told the foreign affairs council that it would use its veto power if sanctions against Belarus are not linked with those against Turkey, said that the prospect of sanctions against Turkey is a distant scenario....

1827. Winter season a window of opportunity for tourism

With the tourism sector’s performance this summer having refuted even the most optimistic forecasts that were made, the question for tour operators is what more can be done over the next period to reduce the big losses. As such, everyone's attention has shifted to the winter period that begins next November and ends in March 2021....

1828. Greece, US affirm commitment to boosting ties after high-level review

Greece and the US on Monday issued a joint statement following a high-level review of the US-Greece Strategic Dialogue that took place in Thessaloniki amid a visit to the northern port by US Secretary of State Mike Pompeo and Greek Foreign Minister Nikos Dendias....

1829. The EU did not act in united fashion, Cyprus President tells Le Figaro

In an interview with the French daily Le Figaro published Thursday, President Nicos Anastasiades said that in responding Turkey’s actions in the eastern Mediterranean, the EU did not act in a decisive and united fashion, while refuting that Cyprus vetoed sanctions against Belarus....

1830. The four scenarios after the 'veto'

The decision on EU sanctions has been postponed for the meeting of the 27 leaders of member states, likely to take place on October 1 and 2 due to a case of coronavirus. At that meeting, it will become clear whether the case of Belarus will be linked with whether sanctions will be imposed on Turkey for its provocations in the Cyprus EEZ or not. Foreign Minister Nikos Christodoulides made it clear to the Council of Foreign Ministers that what was agreed in Berlin should be respected, in essence using his veto. Whether Nicosia will maintain this position until the end will be seen at the summit of the 27....