Annie Charalambous

Coronavirus: Cyprus real estate sector already hit

March is a very difficult month for the real estate market in Cyprus even though it is still not easy to ascertain the consequences...

Foreign investor takes over Riviera Club Residence in Paphos

The prevailing coronavirus-sparked economic freeze in Cyprus has not stopped a major investment deal in the property industry taking place last week. The €20 million...

New owners for Greece’s Famar pharmaceuticals

Not everything has been frozen because of coronavirus since a major deal was signed and sealed last Friday concerning the takeover of Famar –...

Additional support measures to boost the coronavirus-hit economy

The government is putting together additional effective support measures so as to boost the liquidity of business in Cyprus, Phileleftheros reports. The additional measure will...

Cyprus banks asking for clarifications from Central Bank

Banks are asking clarifications from the Central Bank of Cyprus following the supervisory authority’s call for additional liquidity to the economy to be granted....

Coronavirus forces rapid business evolution also in Cyprus

The recent coronavirus outbreak is forcing a rapid business evolution and reinvention of infrastructure and processes as almost everything shifts online. Studies have shown that the digital...

Call for construction sites to be included in coronavirus-mandated lockdown

Workers and developers in Cyprus are calling on the government to include construction sites in the coronavirus-mandated lockdown since health and safety measures taken...

Coronavirus outbreak sparks need for urgent new software

The island’s fledgling Deputy Ministry for Research, Innovation & Digital Policy is on high alert trying to meet urgent software needs sparked from the...

Coronavirus: political parties preparing measures to support companies, workers

Just when the government is ready with the handful of bills outlining support measures to companies and employees to address the fallout from the...

Public servants to contribute to coronavirus-hit services

Public servants and wider public sector employees could be asked to contribute to other services which are being over stretched   because of emergencies created...

Coronavirus-hit businesses wait for banks’ support

Banks in Cyprus are reviewing four specific support measures to help businesses counter the coronavirus effect with the condition that their capital is sustained. Four...

Coronavirus and food delivery in Cyprus

Now that it is no longer possible to dine out at restaurants because of the coronavirus spread, delivery could take on a new dimension...

Banks try to find ways to help coronavirus-hit clients

Bank administrations are increasingly concerned about the coronavirus’ economic repercussions and primarily whether borrowers will be able to continue paying their loans in a...

“Special Leave” allowance not to exceed €1,200

Granting of “Special Leave” to parents working in the private sector for the care of children due to suspension of attendance at public and...

Targeted VAT reduction in Cyprus

The further drop in the reduced VAT rate from 9% to 7% for a period of three and a half months, provided that the...

Coronavirus crisis reminds of 2013 financial shock in Cyprus

Uncertainty and fear sparked from the coronavirus outbreak brings back memories of 2013 when Cyprus suffered the shock of haircut on deposits and a...

Guide on how to rent out your home on Airbnb-type platforms

A guide on the specifications of accommodation falling under the new bill regulating rentals through online Airbnb-type platforms has been drafted by the Deputy Ministry of Tourism. A...

Invest Cyprus tender call for services to audiovisual industry

Invest Cyprus has called for tenders for accounting, auditing and bookkeeping services to the island’s fledgling audiovisual industry. The contract concerns the provision of consultancy...

Cyprus’ financial support package to coronavirus-affected companies almost ready

The Cyprus government is putting the final touches on the financial package providing financial support to companies in response to the coronavirus. The package is...

Economic fears in Cyprus over Italy’s lockdown

Coronavirus has already affected imports and exports worldwide with a recorded slowdown in trade, Phileleftheros reports. And with Italy already under a national lockdown, economic...

Coronavirus epidemic to hit consumption hard

Tourism will probably be the sector to be affected the most from the coronavirus, but the epidemic is also expected to hit consumption hard,...

Top Stories

Minister of Agriculture presents the Strategy for Biodiversity of Cyprus

The Government has presented on Friday the Strategy for Biodiversity of Cyprus, which includes thirteen strategic goals for the decade 2020-2030. The Action Plan...

Government, social partners kick off talks on support measures

  The government, employers and trade unions on Friday launched discussions on a package to support employment post-June 12 when the current schemes end. Employer associations...

Significant funding opportunities for Cyprus in the post-COVID era under European Green Deal

Aiming at a climate-neutral European Union by 2050, the European Green Deal is becoming the main tool for the recovery of the economy in...

Two coronavirus cases on Friday, total at 960

  Two people have tested positive for coronavirus in Cyprus from a total of 1836 tests, the Health Ministry said on Friday. One was from repatriations...

BA owner considers legal challenge to UK quarantine as relations fray

    The owner of British Airways is considering a legal challenge to Britain's quarantine plan, as relations between airlines and the government are frayed by...