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1171. KPMG Announcement

1172. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

1173. Archbishop back in Cyprus after treatment

Archbishop Chrysostomos was back in his office on Tuesday following his return from the United States where he underwent another cancer treatment, with doctors noting 'noticeable improvement'...

1174. Family businesses in Europe fared better in response to COVID-19

For businesses of all types, the first impact on the pandemic was felt on revenues. 64% of European family businesses reported initial revenue losses compared to 69% of family businesses globally, 25% managed to maintain their revenue levels, and 11% experienced increases...

1175. 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...

1176. KPMG and CIM offer 2 scholarships

KPMG in Cyprus and the Cyprus Institute of Marketing – The Cyprus Business School (CIM) offer for third consecutive year the opportunity to two fellow citizens to acquire an undergraduate or a postgraduate degree...

1177. Cyprus to give Greek ferry link another go

The Republic of Cyprus will make a new attempt to establish a maritime connection between the island and Greece, with officials saying amended plans tailored to seasonal schedules have been approved by the EU...

1178. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

1179. China completes historic Mars landing

An uncrewed Chinese spacecraft successfully landed on the surface of Mars on Saturday, state news agency Xinhua reported, making China the second space-faring nation after the United States to land on the Red Planet...

1180. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

1181. Minister warns House over crucial EU money

Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...

1182. Anastasiades warns against new faits accomplis

Despite talks in Geneva coming to an unsuccessful end after the UN Secretary-General Antonio Guterres announced he failed to find common ground among parties, President Nicos Anastasiades lauded the successful management of the summit on the part of Guterres and the Greek Cypriot representation....

1183. Christodoulides: Failure in Geneva won’t benefit anyone

A failure of the informal five-party summit would constitute a negative development for all participants, Foreign Minister Nikos Christodoulides said in an interview with Kathimerini Cyprus' Marina Economides, just before the new UN-led initiative was set to kick off in Geneva on Tuesday....

1184. KPMG Announcement

KPMG in Cyprus wishes to inform you that our partner, Antonis Rouvas has decided to accept appointment as Group CFO at Hellenic Bank...

1185. We are committed to seeing EastMed through

Israel's cooperation with Egypt and the strengthening of relations with other Gulf states contribute to peace, while enabling Israel and Cyprus to work together with other friendly nations, Sammy Revel says in an interview with Kathimerini...

1186. Commission officially registers halloumi PDO

The European Commission announced on Monday the official decision for the registration of halloumi/hellim as a protected designation of origin (PDO) product, protecting it against imitation and misuse across the EU....

1187. 2021 KPMG CEO Outlook Pulse Survey

1188. UK Minister talks Cyprus problem in Nicosia visit

The UK Foreign Minister for the European Neighbourhood Wendy Morton reiterated in a visit to Nicosia on Wednesday the UK’s full support of the upcoming UN talks on Cyprus. ...

1189. Economic activity could resume by spring end, Anastasiades says

President Nicos Anastasiades said Wednesday that he was hopeful that economic activity could resume by the end of spring, given that no unpredicted developments arise on the part of pharmaceutical companies....

1190. Reported House website hack was false alarm

The website of the House of Representatives in the Republic of Cyprus suffered a technical glitch on Monday, the innovation commissioner says, following reports in Greek Cypriot media that a foreign hacker had targeted the website...

1191. 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....

1192. Defence ministry targeted by hackers

Reports suggest the defence ministry of the Republic of Cyprus thwarted a cyber attack last week, around the same time a major hacking incident was reported by British defence, with both countries pointing the finger to foreign hackers...

1193. Cyprus, Greece mount pressure for revision of EUCO conclusions

Cyprus and Greece mounted pressure on Wednesday for a revision of the draft European Council conclusions on Turkey, arguing that they should better reflect the stance taken by the EU foreign policy chief Josep Borrell in his recent report....

1194. Ioannou: Matter of time until health system brought to its knees

Health Minister Constantinos Ioannou warned Wednesday that if the current trend of rising new cases and hospital admissions continues, it will only be a matter of time until the healthcare system is brought to its knees....

1195. President warns of tougher measures

Cypriot President Nicos Anastasiades addressed the nation on Tuesday, two days after hundreds of carnival enthusiasts violated protocols in Limassol, with the commander in chief warning of tougher measures if people did not shape up...

1196. Cyprus, Greece, Israel joint naval exercise wraps up

A joint naval exercise dubbed “Noble Dina” that prominently featured the Republic of Cyprus, Israel and Greece wrapped up successfully on Thursday, a Defence Ministry announcement said....

1197. EU to get 4mln more Pfizer/BioNTech Covid shots this month

The European Commission said on Wednesday it has reached a deal with drugmakers Pfizer and BioNTech for the supply of an additional four million Covid-19 vaccine doses to be delivered this month....

1198. 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....

1199. Florida giant denies Huawei in Cyprus

An American company has put words into action in the middle of global 5G wars, with Phoenix Tower International and Monaco Telecom announcing an agreement that includes acquiring newly constructed wireless towers across Malta and Cyprus...

1200. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....