21 May Covid19 Handbook
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17 Apr Cyprus Plan to Exit Coronavirus Crisis
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...
10 Apr EU strike an emergency Covid-19 deal but fall short on joint bonds
On Thursday, 9th April 2020, and after hours of talks, the EU finally reached a deal on a EUR 500 billion emergency rescue package, to stimulate the EU economy, in the midst of the coronavirus crisis, but failed to agree on the issuance of joint bonds...
03 Apr Cyprus further tightens measures against coronavirus
Due to the escalating number of coronavirus cases in the Republic of Cyprus, the government has further tightened measures, under the Quarantine Law Act, in order to combat the spread of the coronavirus pandemic. As of early Friday, 3rd April 2020, there are a total number...
27 Mar EU Measures Against Coronavirus – Not Enough
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,...
25 Mar Cyprus Lockdown- What It Means and How It Works. Ακολουθεί το κείμενο στα ελληνικά
On Monday, 23rd March 2020, the President of the Republic of Cyprus, Mr. Nicos Anastasiades, announced to the public, further measures to combat the spread of the coronavirus, with Cyprus going under a three-week lockdown as from 6pm, 24th March 2020 until 13th April 2020. He stressed the necessity...
06 Mar Greece shields its borders to Turkey with support from the EU
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...
28 Feb EU paves the way for digital sovereignty
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...
21 Feb Cyprus aims for a Green Tax Reform
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...
14 Feb Melco remains committed to Cyprus, despite the Coronavirus outbreak
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...