By Michael Olympios A new regulation on sustainable finance has come into effect this month, and national regulators in the common market are scrambling to enforce it. The Cyprus Securities and Exchange Commission (CySEC) announced that the new regulation is “a step in the right direction to promote sustainable finance.” According to the Deloitte report,
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There were two Cyprus COVID-19 deaths recorded on Saturday, taking the total since the pandemic last year to 250, while total infections surpassed 44,300 as authorities grapple with a second wave. In its daily bulletin, the Health Ministry said that two men died, aged 71 and 79, raising the death toll since the pandemic started
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The tremendous impact that Covid-19 has had on livelihoods has dramatically affected businesses and workers alike, with many seeing their life dreams destroyed or waning, while some discovered opportunities to change and overcome future challenges. A senior executive at one of the leading independent advisory firms in Cyprus believes the past year’s challenges should also
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As Cyprus gears up to welcome tourists back, news from the island’s biggest market, the UK, where authorities have told Britons they might not be able to travel this summer, has stakeholders fearing another nightmare. In the UK, health experts and officials have been telling people to hold off from booking holidays abroad, going as
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The Turkish lira continued to tumble this week, following the shock replacement of the central bank governor, the fourth in less than two years, losing close to 10% of its value compared to the Euro and 15% to the dollar overnight. The Lira was trading at 9.356 to the Euro on Friday, dropping 8.6 from
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By Demetra Molyva Cyprus Seeds is a pioneering, non-profit organisation based in Nicosia. Its mission is to assist the commercialisation of innovative research from Cypriot universities and place Cyprus on the world map of innovation. To achieve its objectives, it offers a very competitive 12-month funding programme that includes pre-seed funding in the form of grants, mentoring,
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New coronavirus cases continue to rise in Cyprus, with 361 infections announced on Friday, including the government spokesman, who had been vaccinated a week earlier. The health ministry said that the 361 new cases of COVID-19 diagnosed from 48,484 tests resulted in a test positivity rate of 0.74%, half of Thursday’s rate, when 324 infections
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The European Union’s medicines regulator has approved new sites for the manufacture of the Pfizer-BioNTech, Moderna and AstraZeneca coronavirus vaccines, in a bid to significantly boost Europe’s supply of COVID-19 jabs. In a statement issued on Friday afternoon, the European Medicines Agency (EMA) said that it had approved sites in the Netherlands, Germany and Switzerland
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Bogged down by corruption scandals and an unprecedented pandemic, President Nicos Anastasiades’ popularity is at an all-time low since assuming office in 2013, as just one in three thinks he is doing a good job. According to a CyBC survey, 66% of 1,400 people asked said they were not happy with President Anastasiades’ leadership of
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RCB Bank, who has recently become one of the leading players in merchant acquiring in Cyprus has introduced mobile POS services for delivery orders as well as restaurant table service. This new service integrates RCB wireless terminals over the internet with the billing systems of the merchants using web services APIs, allowing clients to pay
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