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451. 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. ...

452. Cyprus remains an attractive investment destination

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

453. 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...

454. 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...

455. COVID-19 to disrupt holiday shopping plans

456. Turkey shrugs off effect of sanctions as EUCO looms

The intense consultations between European Union member-states on the bloc’s response to Turkish aggression in recent months are expected to continue until the 11th hour before the start of Thursday’s crucial leaders summit. ...

457. Disconnect on ethical AI priorities between public and private sectors

In the survey of 71 policymakers and more than 280 global organizations, respondents ranked ethical principles by importance for 12 different AI use cases, and sentiment was measured around the risk and regulation of AI...

458. 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...

459. Turkish exploration vessel back in port ahead of EU summit

Turkey’s seismic exploration vessel Oruc Reis returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc will evaluate possible sanctions against Ankara....

460. 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....

461. 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...

462. Tactical moves by Ankara before EU summit

The anticipated suspension on November 29 of the activities of the Oruc Reis seismic vessel within parts of the Greek continental shelf after having scanned the entire area it had reserved since August is being touted by Ankara as a goodwill move ahead of the European Council in December 10-11, where one of the main topics of discussion will be the possibility of imposing sanctions on Turkey over its behavior in the Eastern Mediterranean. ...

463. 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...

464. Mitsotakis hails Cyprus, Greece, Egypt cooperation

Greek Prime Minister Kyriakos Mitsotakis hailed the importance of the trilateral cooperation between Greece, Cyprus and Egypt for ensuring peace and stability in the region....

465. Turkey extends Oruc Reis Navtex, Athens reacts

Athens on Wednesday condemned Turkey’s decision earlier in the day to issue a navigational telex (Navtex) for the continuation of survey activities of the Oruc Reis vessel in an area overlapping the Greek continental shelf in the Eastern Mediterranean through November 23....

466. Turkish Navtex reserves area southwest of Cyprus

Turkey issued a new navigational telex (Navtex) late on Tuesday reserving an area off the southwestern coast of Cyprus, with the Republic of Cyprus on Wednesday demanding Turkey immediately seizes seismic research within the Cyprus EEZ. ...

467. 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...

468. Mitsotakis to Erdogan: Time to stand together in deadly quake

Greek Premier Kyriakos Mitsotakis offered his condolences to Turkish President Recep Tayyip Erdogan over the deaths caused by the powerful earthquake that struck the eastern Aegean island of Samos and the city of Izmir on Friday. ...

469. Cyprus, Greece, Israel to bolster cooperation

The foreign ministers of Greece, Cyprus and Israel hailed the tripartite partnership between the three countries, aimed at bolstering economic and energy cooperation, during a meeting in Athens on Tuesday, and agreed that it could be expanded to include other countries in the region....

470. Friction in East Med to be prolonged

Turkey’s Oruc Reis seismic survey vessel will explore the area east of the 28th meridian for another two months, according to Turkish Energy Minister Fatih Donmez, effectively heralding a long period of friction in the Eastern Mediterranean. ...

471. 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...

472. Athens bracing for a protracted crisis

Athens is preparing on both a diplomatic and military level for a protracted crisis in the Aegean and the Eastern Mediterranean until at least the end of the year when the European Union’s ultimatum to Turkey expires in December. Other crucial political milestones will be the US elections on November 3 and the void created until the president is sworn in on January 20....

473. Greece, Cyprus seek more EU pressure to stop ‘provocative’ Turkey

Greece and Cyprus pushed for a tougher European Union response to Turkey’s natural gas exploration in contested Mediterranean waters at an EU summit on Friday, after Ankara restarted operations of a survey ship....

474. France, Germany give Turkey a week to clarify positions

France and Germany accused Turkey on Thursday of continuing to provoke the European Union with its actions in the Eastern Mediterranean, and gave it a week to clarify its positions....

475. Athens bracing for four East Med scenarios

Having drawn useful conclusions from the tension in the Eastern Mediterranean over the summer, Athens is prepared to deal with any move Ankara makes south of the island of Kastellorizo and is examining four possible scenarios, Kathimerini understands. ...

476. Carrot-and-stick approach to Turkey failing, EU envoys say

The European Union's latest strategy to defuse tensions with Turkey is unravelling, two weeks after it was sealed, raising the risk of conflict in the Eastern Mediterranean, diplomats, officials and experts said....

477. Germany slams Turkey for sending survey ship to eastMed

German foreign minister Heiko Maas criticized Turkey for sending a survey vessel back into controversial waters of the eastern Mediterranean, calling the unilateral move a blow to efforts to start negotiations in the conflict....

478. Turkey points finger at Greece

Ankara fired back at US and EU criticism over actions of its decision to send Oruc Reis survey vessel near the Greek island of Kastellorizo, while also accusing Athens of escalating tensions and refusing honest dialogue over maritime disputes...

479. Pompeo sees window of opportunity for dialogue, in Kathimerini interview

In an interview with Kathimerini, US Secretary of State Mike Pompeo deplores the use of threats and unilateral actions as a way of resolving bilateral disputes, sending a clear signal to Turkish President Recep Tayyip Erdogan....

480. Chaos reigns in first Trump-Biden debate

President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump’s record on the coronavirus pandemic, healthcare and the economy in a chaotic and bad-tempered first debate marked by personal insults and Trump’s repeated interruptions...