The government should be cautious in channeling public funds until there is clarity concerning the development of the crisis caused by the coronavirus outbreak, the Fiscal Council said in its spring report, stressing that the crisis has once more highlighted the need to promote reforms to strengthen the Cypriot economy.

Our CEO and Chairman of the Cyprus Land and Building Developers Association, Michalis Hadjipanayiotou, in a SHARPe Talk with Andrei Manoukovski, Chairman of Moscow Sotheby’s International Realty.

The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 million as part of the €750 billion Pandemic Emergency Purchase Programme (PEPP) launched as a response to the coronavirus outbreak.

The Cabinet on Wednesday gave the green light for the relaxation of certain restrictions faster than what was initially anticipated, given that Cyprus appears to have reacted well to the gradual lifting of lockdown measures so far.

Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy.

Six ‘advanced’ passenger ships operated by cruise giant Carnival are laying up in Moni anchorage, east of Limassol, for the duration of the Covid-19 imposed restrictions that have halted cruises worldwide.

Τhe Natural Gas Infrastructure Company of Cyprus (ETYFA) has issued notice that it was going ahead with the consortium that was awarded the LNG import terminal, paving the way for Cyprus’ largest energy project.

A strategy for biodiversity was approved by the Council of Ministers on Wednesday and will be presented on Friday on the occasion of World Environment Day marked annually on June 5.

In a recent judgment issued by the English Court of Appeal in R (Jet2.com Ltd) -v- Civil Aviation Authority (Law Society of England & Wales intervening) (2020) EWCA Civ 35, it has been held that the correct test applicable to the issue, whether a particular document, or communication, is covered by a legal advice privilege (“LAP”), is whether its dominance purpose, had been for the giving, or seeking of legal advice from a lawyer.

The government and its health advisory committee discussed on Tuesday the possibility of relaxing certain restrictions sooner than anticipated, but final decisions are expected to emerge after the Cabinet’s meeting on Wednesday.