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On Wednesday, 16th April 2020, the Council of Ministers approved the framework for a strategy to gradually lift the restrictive measures and restart the economy. As stated by the Minister of Finance, Mr. Constantinos Petrides, the first stepwill be the gradual opening of businesses in vital sectors of the economy in early...

The European Union has introduced several measures against the fight of the coronavirus pandemic, although these actions are perceived as shortcomings. European Central Bank (ECB) This was clearly evident on Thursday, 26th March 2020, when the EU leaders failed to reach an agreement over the coronavirus debt burden,...

On Sunday, 1st March 2020, the Greek Prime Minister, Mr. Kyriakos Mitsotakis, announced that Greece would stop taking new asylum requests for a month, in its attempt to shield the EU's outer borders to Turkey (https://www.euronews.com/2020/03/02/greece-cancels-asylum-as-turkey-lets-migrants-travel-towards-europe). On Friday, 6th March 2020, following a request from the Minister of...

On the 19th February 2020, the European Commission unveiled its digital strategy, as well as announced its new strategies for data and artificial intelligence (AI), with the aim to bolster its digital economy and sovereignty (https://www.nytimes.com/2020/02/19/business/europe-digital-economy.html). This move is an attempt for the EU, to not be overly...

During the Economic Forum, that was organised by the main opposition party Akel, on the 14th and 15th February 2020, the Permanent Secretary of the Ministry of Finance, Mr. Giorgos Pantelis, heralded the new green tax reform, in which its implementation is underway (http://www.nomisma.com.cy/index.php?id=96459). It should be noted...

The casino group, Melco Resorts & Entertainment Limited, who are behind the upcoming integrated casino resort “City of Dreams Mediterranean”, in Limassol, Cyprus, announced on the 6thFebruary 2020, that the coronavirus does not affect the grand project’s implementation process, and remains committed to Cyprus (https://in-cyprus.com/coronavirus-outbreak-wont-affect-cyprus-casino-implementation-process/). Melco...