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571. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

572. EU-US summit mentions eastern Mediterranean

In a move to restore transatlantic ties, the US commander-in-chief and his two EU counterparts stressed the need for “sustainable de-escalation' of tensions in the eastern Mediterranean, with a final draft making reference to Turkey and international law after some words were left out...

573. Rescued turtle released back into the ocean

Iole the sea turtle, who cheated death last year thanks to beach visitors and staff at the Cyprus Marine Aquaculture Research Center, has been released back to her natural habitat after a long rehabilitation treatment...

574. 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...

575. 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...

576. 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...

577. A silent pandemic requiring global action now

If policymakers fail to address the challenge of antimicrobial resistance they risk seeing the rise of a silent pandemic, write Stella Kyriakides and Dr Tedros Adhanom Ghebreyesus...

578. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

579. 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....

580. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

581. Nicosia seeks revision on Turkey draft

The Republic of Cyprus has raised concerns over a joint statement to be issued by the EU27 on Turkey, with sources saying Nicosia was calling for a new draft to 'better reflect' statements by officials...

582. Borrell report on Turkey covers all bases

A report by European Commission Vice-President and High Representative Josep Borrell spells out the 'political and economic consequences' that Turkey will suffer should the country 'not move forward constructively in developing a genuine partnership with the EU'...

583. 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....

584. 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....

585. Borrell: Cyprob solution must come from Cypriots

"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....

586. 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....

587. Guterres to announce 5+1 sitdown ‘very soon’

UN officials have reiterated the Secretary General’s intent to move forward with the 5+1 informal meeting 'very soon,' following rumours in the media that not everyone was on board for the sit-down...

588. The hidden world of soil and why we need to protect it

In the wake of the climate crisis over the last decades, we all talk about the state of the air we breathe and the quality of our water; both undoubtedly invaluable and essential to all life forms. However, we very often forget another key player; the part of Earth right under our feet, the soil....

589. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

590. COVID-19 is adding new impetus to finance transformation

591. Cyprus remains an attractive investment destination

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

592. 5G bidding process wraps up, first licences in January 2021

The bidding process of the 5G frequencies auction wrapped up smoothly on Thursday, with the first licences expected to be distributed in January 2021, a press release by the Deputy Ministry of Research, Innovation and Digital Policy, said....

593. New Chinese Ambassador hails deepening relations with Cyprus

China opposes any unilateral provocations and actions that undermine the peace and stability of Cyprus and the region and as a permanent member of the UN Security Council, it will continue to play a constructive and coordinating role in facilitating the settlement of the Cyprus problem, UNFICYP’s mandate renewal, and the implementation of relevant UN resolutions, to uphold fairness and justice for Cypriots, China's new Ambassador to Cyprus, Liu Yantao said, presenting on Thursday his credentials to Cyrpus President, Nicos Anastasiades....

594. ‘Federation project no longer sustainable,’ Turkish FM tells Lute

Turkish Foreign Minister Mevlut Cavusoglu on Wednesday said that Ankara no longer considers the “federation project” for the reunification of Cyprus as a “sustainable” plan....

595. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

596. EU, Greece sign agreement for new migrant center on Lesvos

The European Commission on Thursday signed a memorandum outlining a detailed plan agreed by Greek authorities and EU agencies to establish a new, up-to-standard reception center on the island of Lesvos by early September 2021. This is a key step in resolving the situation following the fires that destroyed the Moria camp in September. It is the result of the work of European Taskforce that was created at that time....

597. 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...

598. 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...

599. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

600. Turkey and EU fall out over Varosha

Ankara is accusing the European Union of "ignoring the free will" of Turkish Cypriots, in response to EU High Representative Joseph Borrell, who deplored the latest developments in Varosha and called for them to be undone...