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661. 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....

662. 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....

663. 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....

664. 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....

665. 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....

666. 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....

667. 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....

668. COVID-19 to disrupt holiday shopping plans

669. 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....

670. 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...

671. 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...

672. 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. ...

673. 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....

674. 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...

675. 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....

676. 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. ...

677. 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....

678. Coronavirus hits third migrant facility as Greece plans to ease lockdown

The death of a 101-year-old woman at Sotiria Hospital in Athens took Greece’s coronavirus toll to 120 on Tuesday afternoon....

679. EU unveils virus exit roadmap, hoping to avoid more chaos

The European Union moved Wednesday to head off a chaotic and potentially disastrous easing of restrictions that are limiting the spread of the coronavirus, warning its 27 nations to move very cautiously as they return to normal life and base their actions on scientific advice....

680. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

681. British High Commission replies to British expats FAQ

The British High Commission in Cyprus compiled and replied to some of the most frequently asked questions by UK nationals in Cyprus, providing further clarity on what British expats living on the island can expect post-Brexit. ...

682. Brexit will not affect daily lives of Cyprus, UK nationals

Mutual assurances that the daily lives of both Cypriots in the UK and British nationals in Cyprus will remain unaffected in the post-Brexit period were shared on Monday between President Nicos Anastasiades and British High Commissioner to Cyprus, Stephen Lillie....

683. British High Commissioner talks trade, free movement after Brexit

In an interview with the Cyprus News Agency, British High Commissioner in Cyprus, Stephen Lillie, talks about what tomorrow will look like, and what applies for Cypriot and British nationals living in both countries, which he said share a deep historical relationship....

684. The beginning of Brexit

At the stroke of midnight in Brussels, Britain will officially leave the European Union, setting off negotiations in which London will seek to gain as many benefits as it can from the Union. At the same time, it will work toward bilateral agreements with EU member-states and countries outside the bloc....

685. Registration of UK nationals living in Cyprus pushes on

As the Brexit clock ticks down, the Civil Registry and Migration Department is continuing efforts to register UK nationals living in Cyprus, while special efforts are being made to accommodate some 5,000 UK nationals with mobility issues....

686. EU tells UK it will 'never, never, never' compromise on single market

The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving....

687. Cypriot FM works the phones over Libya

Cyprus Foreign Minister Nikos Christodoulides has been working the phones Thursday and Friday, discussing with counterparts of other nations the situation in Libya and a need to avoid illegal actions...

688. Athens says Ankara 'playing with fire'

Athens says Turkish President Recep Tayyip Erdogan is “playing with fire” as he seeks parliament approval to send military troops into Libya, following a formal request from Tripoli...

689. Johnson on course to deliver swift Brexit

Prime Minister Boris Johnson won a resounding election victory on Friday that will allow him to take Britain out of the European Union in matter of weeks...

690. British voters head to the polls

Voters go to the polls on Thursday in an election that will pave the way for Brexit under Prime Minister Boris Johnson or propel Britain toward another referendum that could ultimately reverse the decision to leave the European Union...