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421. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

422. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

423. 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....

424. Supermarkets want a Safe Pass redo

Supermarket representatives in the Republic of Cyprus are crying foul over Safe Pass measures, accusing police officers of being vindictive with fines and pointing out that some door greeters are even scared to confront aggressive customers...

425. Pfizer Covid Shot Safely Bolsters Antibodies in Younger Kids

Pfizer Inc. and partner BioNTech SE said their Covid-19 vaccine was safe and produced strong antibody responses in children ages 5 to 11 in a large-scale trial,...

426. Police not ruling out probe in fire deaths

The Cypriot government has rejected accusations of a lax response to Saturday’s deadly wildfire, with police not ruling out a criminal investigation that could include a probe into the deaths of four Egyptian workers who died while trying to escape the inferno...

427. Cyprus opposes global minimum corporate tax

Cypriot Finance Minister Constantinos Petrides says Cyprus opposes both Biden’s proposal for a minimum corporate tax and a recently reached deal by MEPs on improved transparency for tax reporting...

428. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

429. Larnaca factory goes up in flames

A massive fire broke out at a factory in the Kelia industrial area in the Larnaca district on Thursday....

430. Local gov reform heads for summer freeze

Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...

431. EU27 open up to Turkey but with a caveat

European Union leaders made good on Thursday on a 2016 promise to deepen trade ties with Turkey, but also warned Ankara to expect sanctions if it restarts exploration over disputed hydrocarbons in the eastern Mediterranean...

432. EU regulator ‘convinced’ AstraZeneca benefit outweighs risk

With coronavirus cases rising in many places, governments faced the grimmest of dilemmas Tuesday: push on with a vaccine that is known to save lives or suspend use of AstraZeneca over reports of dangerous blood clots in a few recipients, even as the European regulator said there was “no indication” the shot was responsible....

433. Cabinet proposes local administration reform referendum in May

The Cabinet on Wednesday decided to schedule the islandwide referendum on the local administration reform on the same date that the public will be heading to ballot boxes anyway to cast their vote in the parliamentary elections on May 30....

434. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

435. Cyprus excited over Mars landing

A new Mars rover is expected to touch down on the red planet Thursday night, carrying names of people all around the world including Cyprus, but all the buzz is about a live event in Nicosia and a helicopter called Ingenuity...

436. Cyprus aiming for herd immunity by June

Health Minister Constantinos Ioannou said if Cyprus’ vaccination plan sticks to schedule then the island will achieve herd immunity by June, by which time some 500,000 people will get the jab against coronavirus....

437. Cyprus confirms more mutated cases

Nine more cases of the variant identified in Britain were confirmed Wednesday in the Republic of Cyprus, with officials rushing to impose mandatory self-isolation for air passengers arriving on the island...

438. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

439. Officials in the dark over mutation spread

Health officials in the Republic of Cyprus say the new strain of coronavirus, found initially in the UK and confirmed on the island last week, has spread in the community but an accurate picture of the problem remained unclear due to only a very small sample size being tested...

440. 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...

441. Tornado causes damages in rural Nicosia

A tornado was sighted in Nicosia district on Monday, with reports saying extreme weather phenomena were popping up across the island including golf ball sized hail...

442. 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...

443. Cabinet shrinks security detail for VIPs

Party leaders and former state officials in the Republic of Cyprus will see their security detail downsized following a Cabinet decision on Thursday, also tasking police to evaluate the size of the presidential guard...

444. 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...

445. 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....

446. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

447. Cyprus tightens restrictions, imposes 11pm curfew

In a national address on Wednesday night, the Cyprus President Nicos Anastasiades said the government was obliged to take tough decisions for stricter measures as the island was no exception to Europe’s second coronavirus wave, before the health minister stepped in to outline the new measures that come into effect on Thursday....

448. Cypriot leaders to size each other up

Cyprus’ Greek Cypriot and Turkish Cypriot leaders are meeting on Tuesday evening to get to know each other following elections in the north, but local reports on both sides of the divided island suggest Nicos Anastasiades and Ersin Tatar already have talking points for each other...

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

450. Cyprus tightens restrictions as virus flares

The health ministry tightened its grip on the island in a bid to slow down the recent extreme flare-up of the virus that has sent daily new cases into three-digit numbers....