Search

571. Southern European banks set for climate hit

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires,...

572. 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....

573. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

574. EY and IIF survey shows climate change top concern for banks

575. Taliban says ‘war is over in Afghanistan’

The spokesman for the Taliban's political office on Sunday declared the war was over in Afghanistan and called for peaceful relations with the international community...

576. Cyprus joins EU’s digital covid certificate

The Republic of Cyprus on Thursday joined other EU countries already accepting an EU-wide Covid certificate for easier travel, amid coordination challenges amongst members and a rampant Delta variant around the world...

577. Cyprus airports to accept EUDCC on July 1

The Cabinet that convened Wednesday, amended the Action Plan for the operation of airports to include the EU Digital COVID Certificate which will be issued by the EU Member States, as well as by the countries of the European Economic Area and by the Switzerland...

578. Cyprus introduces safepass

Cyprus is introducing a so called 'safepass' as of Monday, 10 May until the end of the month. Citizens no longer need to send an sms for their movements and the curfew is extended from 11pm until 05:00 the next day...

579. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

580. 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....

581. Borrell determined to carry out EUCO mandate on Turkey

President of the Republic Nicos Anastasiades said clarifications about the EU’s role at the informal conference of Cyprus set to take place in Geneva in late April may arise after the visit expected to be paid to Turkey by EU officials....

582. Cyprus wraps up cheese that grills

Cypriot President Nicos Anastasiades says the registration of halloumi and hellim with the European Union is “to the benefit of all Cypriot producers, Greek and Turkish” following Monday’s designation for the famous cheese that grills but not without protests on both sides...

583. 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...

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. 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....

586. Cyprus, Greece, Egypt FMs call for federal Cyprob solution

The Foreign Ministers of Greece, Egypt and Cyprus signed a joint statement in support for a Cyprus solution on the basis of a bizonal bicommunal federation, in accordance with international law, the relevant UN Security Council Resolutions, and in line with the European acquis....

587. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

588. 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....

589. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

590. 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....

591. COVID-19 to disrupt holiday shopping plans

592. Cyprus revises travel rules for vaccinated passengers

An inter-ministerial committee set up to spearhead the gradual resumption of flights agreed on an updated action plan on Thursday that allows those passengers who have been vaccinated against coronavirus to be exempted from the requirement of showing proof of a negative test....

593. 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...

594. Trump okays Biden transition

After weeks of waiting, President Donald Trump’s administration on Monday cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results...

595. 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. ...

596. Cabinet approves national framework on smart cities strategy

The Cabinet approved the development of a national framework on the strategy and promotion of smart cities, after a proposal submitted by the Deputy Ministry of Research, Innovation and Digital Policy....

597. Biden plans ahead as Trump refuses to concede

Democrat Joe Biden began preparing on Sunday to deal with the coronavirus and other problems that will confront him as president of a divided America, while President Donald Trump planned campaign-style rallies to contest the election...

598. Green transition in transport, agriculture an uphill task

Achieving sustainable transport demands policies on a governmental and local level which will give priority to users, providing more accessible, fair and clean alternative solutions, chairman of the parliamentary committee on transport, Charalambos Pittokopitis, has said, noting that the transition could not be achieved overnight....

599. Sanctions unfeasible and ineffective

Nathalie Tocci was a close adviser to former EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, during the years when the Cyprus Problem came – according to many - closer than ever to a solution. Today, she is a close advisor to Josep Borrell and, having monitored the Cyprus Problem for many years and having played a central role in the effort to formulate a European strategy for foreign policy, she has a strong view not only on Cyprus but also on the Greek-Turkish conflict. At the same time, she takes a critical approach to the efforts exerted by Athens and Nicosia to link sanctions against Turkey with those against Belarus. ...

600. Pandemic highlighted urgency of tackling climate challenges

While the coronavirus crisis has highlighted our vulnerabilities as a globally connected society, the recognition of the need to stabilize our climate and protect biodiversity preceded the current crisis by many years, Wolfgang Cramer, Scientific Co-Director of the Mediterranean Institute of Marine and Terrestrial Biodiversity and Ecology (IMBE), said Friday....