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4801. 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. ...

4802. A timeline of the coronavirus pandemic in Cyprus

The coronavirus pandemic in Cyprus, which kicked off mildly at first with double-digit daily new cases before the second wave sent the island into unprecedented terrain with hundreds of daily new cases and the healthcare system ready to give in at any given time, can be generally divided into four stages. ...

4803. Healthcare system nearing its limits, Health Minister warns

The surge in coronavirus patients has begun to put intense pressure on the healthcare system, with the Health Ministry and State Health Services (Okypy) already working on a plan to restructure how hospitals will deal with the steady influx of coronavirus patients....

4804. Britain and EU publish Brexit trade agreement

Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire ...

4805. Cabinet narrowly waters down measures

The President’s Cabinet has decided to extend measures throughout the winter holidays with only slight deviations on special days, noting recent developments did not allow a further lift of restrictions aimed at combating the spread of the coronavirus...

4806. Cyprus remains an attractive investment destination

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

4807. 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...

4808. Parliament votes state budget down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

4809. Cyprus to launch 5G frequencies auction

In 2021, according to the most optimistic scenarios, Cyprus will enter the constellation of 5G networks, with the frequencies auction set to begin on Thursday....

4810. Cyprus roads take another life

Another fatal crash occurred on Wednesday morning on the Nicosia-Troodos road near the Akaki roundabout....

4811. 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...

4812. Police warn public about phony ATM messages

Police in Cyprus are warning the public to be on the lookout for suspicious text messages, saying scammers pretending to be bank employees are trying to trick people by telling them their debit cards have been blocked and need to be reauthorized...

4813. Cyprus traffic cameras venture set in motion

The contract for the study, installation, and maintenance of the island’s new traffic camera system was signed on Monday, setting into motion the pilot phase of the project that was several years in the making....

4814. 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....

4815. Cyprus’ migrant camp way over capacity

The overcrowding situation with refugees and asylum seekers at Pournara camp was back in the news, following an unannounced visit by the state’s Ombudswoman who said she saw some improvements but also some problems still not being addressed such as the right to move freely out of the camp...

4816. Anti-vaxxers clash with police in Nicosia

Riot police clashed with protesters in west Nicosia on Thursday, where a demonstration took place against vaccinations and health restrictions imposed by the government...

4817. Cyprus parliament approves legislation for social enterprises

Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....

4818. Paphos mall floods with shoppers on eve of shutdown

Paphos residents flocked to the city’s mall on Thursday to buy Christmas presents before malls islandwide shut their doors as part of the tougher measures that will come into effect on Friday to curb the rampant spread of the virus. ...

4819. Bishop vows to keep churches open

The Bishop of Morphou says he will keep churches in his diocese open to the public, contrary to the latest government measures, with the Metropolitan adding he is ready to face trial in a court of law...

4820. COVID-19 to disrupt holiday shopping plans

4821. Cyprus brings back tough measures

The Cypriot government on Wednesday announced additional measures to combat the spread of coronavirus, as Health Minister Constantinos Ioannou said extending current measures through New Year’s Eve was necessary due to a worsening situation...

4822. Disturbing details emerge after school attack

Police said they were investigating an attempted murder case in Limassol after a middle school was attacked by a teen using a hammer, with reports saying the incident was preceded by a feud during online gaming...

4823. Cyprus-bound vaccine less than month away

The delivery of the first batches of the COVID-19 vaccine is less than a month away, with the Republic of Cyprus prepping a mix-and-match strategy to begin vaccinations early next year...

4824. 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...

4825. EU warns against easing pandemic-containing measures

As millions of European citizens gear up for the festive season, the European Union's executive commission urged member countries to keep strong anti-Covid-19 restrictions in place to avoid a post-holiday surge of coronavirus cases and deaths but stopped short of advising against travel....

4826. 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....

4827. 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...

4828. Cyprus makes last ditch effort to beat virus

The latest measures against the spread of the coronavirus went into effect on Monday, including a night curfew across all districts, as calls for all citizens to be tested multiplied just before Christmas holidays...

4829. 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...

4830. 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...