News Stream

All set for Akinci-Anastasiades meeting as President calls for leaders council

In statements in Limassol after President Anastasiades had a meeting with UN Secretary General’s Special Representative in Cyprus and head of UNFICYP Elizabeth Spehar, Prodromou announced that “Anastasiades has convened a meeting with political party leaders on Monday, August 5, at 1030 hrs to hold discussions in view of his meeting with Akinci.” ...

Greece's Energean snaps up four new Israeli offshore licenses

Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday...

Non-performing loans decline to €10.14 billion

Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. ...

Bishop probe ordered over gay comments

The attorney general has ordered a probe into possible offences committed by Morphou Bishop Neophytos following controversial statements he made on homosexuality and other matter, while discussion about the debate is proving to be intense in the public domain...

Limassol police on alert after attempted murder

Police are investigating a late night drive-by where a local businessman was shot in an apparent attempted murder outside his pub in Limassol...

Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

Unemployment in Cyprus drops to 6.5%

The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union ...

Cocaine found on Cypriot-flagged ship

Twenty-two seamen on board the Cyprus-flagged UBC Savannah have been detained in Mexico on suspicion of illegal drug trafficking...

S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

No policy shift seen on Crete-Attica power interconnection

The new Greek government will toe the line of its predecessor on the urgent need for and the safeguarding of the construction of the Crete-Attica power interconnection project, while supporting the international connection of Greece with Cyprus and Israel, according to statements made by Energy Minister Kostis Hatzidakis after his visit to Cyprus...

Ercan officers suspended over police brutality video

Police officers at Ercan airport are being investigated over an alleged incident of violence, after a video made public showed a traveler being dragged and kicked by an officer while others were late to intervene...

Nicosia boy hospitalised after snake bite

A little boy in Nicosia has been admitted to the Intensive Care Unit following a snake bite incident...

Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

Central Banker mulls bridging framework on foreclosures

The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...

Ayia Napa C2 holds grand opening

The Ayia Napa satellite casino is having its grand opening on Wednesday right in the heart of the resort town...

Tzionis gets life in Strovolos murders

A Nicosia criminal court sentenced Loizos Tzionis to life imprisonment after he pleaded guilty to charges in the Strovolos double murder case in a surprise move in the courtroom...

Guarantees and Rights of Intervention

Both Turkey’s illegal invasion in 1974 and its occupation of Cyprus, were claimed to be based on its own interpretation of the Treaty of Guarantee. These arguments are well known. Today, Turkey still insists on the same interpretation of this Treaty....

Cyprus Tax Webcast, July 2019

Digital Challenges for Internal Auditors & DPOs

Tzionis pleads guilty in Strovolos double murder

Loizos Tzionis, the main defendant in the Strovolos double murder case, pleaded guilty to all charges on Wednesday, during drama in the courtroom as his co-defendant brother was being sentenced to prison on burglary charges...

Brother gets six years in Strovolos double murder

A criminal court in Nicosia passed a sentence of six years to Lefteris Solomou, the half-brother of the main defendant in the Strovolos double murder, on burglary charges only...

The first visits to Washington and Jerusalem

It’s only three weeks since Nikos Dendias took over the foreign affairs portfolio, but he has already sent a pretty clear signal regarding the new government’s foreign policy priorities...

Woman falls to her death in Limassol

A woman from Romania was found dead in a parking lot in Limassol, with reports saying police are ruling out foul play...

Ombudswoman weighs in on Bishop controversy

Criticism towards Bishop Neophytos is picking up steam, following his comments about homosexuality and abortion that stirred debate and prompted all sorts of reactions...

Foreign Ministers of Cyprus and Egypt to meet in Nicosia

Minister of Foreign Affairs Nikos Christodoulides and his Egytian counterpart, Sameh Shoukry will meet in Nicosia on Wednesday with the latter paying a one-day working visit to the island....

Man sentenced for stabbing unbegrudging friend

A man who stabbed his friend downtown Nicosia while being intoxicated has been sentenced to five years, with the victim reportedly saying he has forgiven his attacker...

Greek PM: We choose peace and reconciliation, without giving up sovereign rights

History, which is recorded in books and in memories, is alive and present and reminds us of our obligation to defend justice and not be complacent, Prime Minister Kyriakos Mitsotakis said on Tuesday from the Cyprus Republic, where he is wrapping up a two-day official visit. ...

East Med an 'issue' for 82 million Turks, energy minister says

The Eastern Mediterranean is an issue for 82 million Turks, Turkey's Energy Minister Fatih Donmez has said, declaring that the country will not back down in its demands...

Rape accuser jailed until court date

A Famagusta district judge ordered a 19-year-old British female to stand trial in connection with gang rape allegations she had made against Israeli teens with her case ultimately falling apart...