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541. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

542. 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....

543. Covid therapies, not just vaccines

The Commissioner for Health and Food Safety, Stella Kyriakides, will be in Cyprus on Friday, September 24, for meetings,...

544. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

545. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

546. Greece is more secure with Biden as president

US Senator Bob Menendez is one of Greece and Cyprus’ greatest supporters and he exerts considerable power and influence in the foreign policy arena....

547. University of Nicosia Advances to Top 601-800 Universities in the World

The latest edition of the Times Higher Education (THE) World University Rankings, released on 2 September 2021, reaffirms the University of Nicosia’s (UNIC) global standing, ranking it among the Top 601-800 universities in the world. Correspondingly, UNIC ranks among the Top 250 universities in the European Union....

548. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

549. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

550. 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. ...

551. Cyprus rolls out ‘jab discount’ for hotel stays

Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...

552. No concessions to Erdogan, says Bob Menendez

No concessions should be made to Turkish President Recep Tayyip Erdogan 'without a significant behavior change,' US Senator Bob Menendez, a Democrat and chairman of the powerful Senate Foreign Relations Committee, tells Kathimerini...

553. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

554. 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...

555. EY: Liquidity-fueled IPO markets break records in Q1 2021

556. Odyssey leaves Cyprus after Haifa cancelation

Odyssey of the Seas sailed away from Cyprus on Tuesday after Royal Caribbean pulled the plug on operations out of Haifa, but Cypriot officials remain upbeat over cruise ships seeking a friendly port in Limassol...

557. Cyprus says two shots won't cut it

Cypriot scientists say an additional shot against the coronavirus could improve immunity for vaccinated people as well as fight against new variants, with the EU preparing to order booster vaccines despite warnings from the bloc’s drug regulator against making 'premature' moves...

558. 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...

559. 22 green points operating islandwide, 14 more in pipeline

There are 22 green points operating across Cyprus, Environment Minister Costas Kadis said on Thursday, adding that the aim is to set up another 14 large green points to accommodate densely populated areas and dozens more smaller drop-off points in rural areas....

560. Cyprus expecting 60,000 Covid doses this week

561. Cyprus appears upbeat in tourism challenge

Cypriot tourism officials are finding several reasons to be optimistic following resumption of flights and easing of restrictions, but industry experts find it a little harder to put on a brave face...

562. Islandwide rollout of 'pay as you throw' programme in 2022

The ‘pay as you throw’ programme is expected to be rolled out across Cyprus next year, President Nicos Anastasiades said Wednesday....

563. Health Minister shares concerning Covid data with Cabinet

Cyprus’ restrictions de-escalation strategy will be carefully implemented to avoid setbacks, Health Minister Constantinos Ioannou said on Tuesday...

564. Fence wars break out near buffer zone

Opposing camps have been making headlines recently over a controversial barbwire fence near the buffer zone, with one group cutting a piece of barbed wire and the other restoring it, with all caught on tape...

565. Anastasiades stays focused on getting EU at Geneva table

President Nicos Anastasiades delved extensively into the substantive role the EU has to play at upcoming Cyprus peace processes during a teleconference convened Friday by the European Council President Charles Michel with EU leaders....

566. EU frontline ministers talk migration in Athens

Cypriot Interior Minister Nicos Nouris is in Athens this weekend where he is attending a MED5 meeting on immigration, with some of the bloc’s Mediterranean members tackling issues stemming from Brussels’ new migration proposals that divide the union...

567. Cyprus to assume first Presidency term of EMGF

Cyprus will assume its first official Presidency term of the Eastern Mediterranean Gas Forum (EMGF) starting on January 2022, participants at the fourth EMGF ministerial meeting decided on Tuesday....

568. Cyprus FM express solidarity to Greece after 6.0 earthquake

Cyprus’ Foreign Minister Nikos Christodoulides contacted his Greek counterpart Nikos Dendias to whom he expressed the solidarity of the Cypriot people to Greece following the earthquake that struck Elassona, in central Greece, on Monday....

569. Health Minister concerned over rule flouters

Cyprus must continue to show good epidemiological figures before any more restrictions can be lifted safely, Health Minister Constantinos Ioannou said Monday....

570. Cyprus expects full vaccine coverage by early October

The Health Ministry’s vaccine strategy foresees the vaccination process to be completed by the end of September or early October, the acting director of the Cyprus nursing services administration Evagors Tampouris said Thursday....