Cypriot banks substantially accelerated the reduction of their legacy nonperforming exposures in 2020, DBRS Morningstar said in a report on Tuesday.
CYPRUS
The 5th Annual Capital Link Cyprus Shipping Forum is taking place on Thursday from 11 a.m. to 5.30 p.m.
Cyprus has banned entry of anyone who has been to or passed through India in the previous two weeks of travelling to thwart the spread of the Indian variant of Covid-19.
Outlining the framework that will govern his discussions with Turkish President Recep Tayyip Erdogan on Monday in Brussels, Prime Minister Kyriakos Mitsotakis said he was open to “a positive agenda” noting, however, that it should unfold in a “gradual, proportionate and reversible way.”
The US Centers for Disease Control and Prevention (CDC) has eased travel recommendations for more than 110 countries and territories, including Greece and Cyprus.
The European Commission on Wednesday stepped up legal action against Cyprus and Malta over their cash-for-passports schemes in a move that may eventually see the two islands end up in court and face fines.
A cynical cliche says that “the Cypriot issue does not sell – if you put it as top story you will sink.”
![[Reuters]](https://www.ekathimerini.com/wp-content/uploads/2021/06/airplane_passengers_travel_reuters-320x200.jpg)
The Republic of Cyprus began on Tuesday issuing a temporary Covid-19 vaccination certificate to citizens who wish to travel abroad in June, with the document valid until the new European Digital Covid-19 Certificate is scheduled to be introduced on July 1.
![Myron Nikolatos, a former Cyprus Chief Justice and head of a commission investigating a discredited cash-for-passports scheme, hands over findings to Cyprus’ Attorney-General Georgios Savvides in Nicosia, Monday. [Yiannis Kourtoglou/Reuters]](https://www.ekathimerini.com/wp-content/uploads/2021/06/cyprus_justice-320x200.jpg)
Cyprus’ government broke the law on countless occasions in granting citizenship to thousands of people in a now discredited passports-for-cash scheme, an official inquiry has found.
A decision by the Group of Seven to impose a global minimum tax rate does not seem to directly affect Cyprus, its Finance Minister Constantinos Petrides said on Monday.
Cyprus has joined Ireland in opposing US President Joe Biden’s idea of a global minimum corporate tax.
![[AP Archive Photo]](https://www.ekathimerini.com/wp-content/uploads/2021/06/ledra_reuters-320x200.jpg)
Ethnically split Cyprus took a key step toward a return to its normal rhythms of life amid the pandemic on Friday when nine crossing points along a United Nations-controlled buffer zone were reopened, enabling ordinary Cypriots to cross the divide.
Three European Union member nations and three Middle Eastern countries are looking to train personnel in border, customs, maritime and cybersecurity techniques at a cutting-edge US-funded facility in Cyprus that is expected to be ready early next year, the Cypriot foreign minister said Thursday.
![A man and a woman wearing protective masks walk by a Cypriot military guard post across the UN buffer zone in the divided capital Nicosia, Cyprus, Monday, April 26, 2021. [Petros Karadjias/AP]](https://www.ekathimerini.com/wp-content/uploads/2021/04/Cyprus-Reuters-320x200.jpg)
Checkpoints between the Greek and Turkish Cypriot sides of Cyprus are to reopen on Friday, the United Nations said, marking the first time restrictions have been eased since December 2020 because of the COVID-19 pandemic.
Tourism in Cyprus got a shot in the arm Tuesday after Europe’s environmental watchdog ranked the country first among the European Union’s 27 nations for having the cleanest swimming waters.
Cyprus has closed its airspace to flights from Belarus, joining a list of European Union nations imposing restrictions following the forced landing of a passenger jet in Minsk on May 23.
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