https://knews.kathimerini.com.cy/en/news/foreign-powers-back-libya-ceasefire
Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky truce in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal to commander Khalifa Haftar that could cripple the country’s crude production...
https://knews.kathimerini.com.cy/en/news/eastmed-bill-squeezed-through-federal-budget
US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...
https://knews.kathimerini.com.cy/en/news/house-passes-2020-budget
The House of Representatives voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against...
https://knews.kathimerini.com.cy/en/news/us-arms-embargo-to-be-lifted-on-conditions
President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...
https://knews.kathimerini.com.cy/en/news/finance-committee-releases-jiu-jitsu-money
The finance committee has released funds set aside to pay for Jiu Jitsu, despite accusations from MPs on the left that something did not add up in the recently-launched cash rebate scheme...
https://knews.kathimerini.com.cy/en/news/mps-stalling-jiu-jitsu-cash-rebate
A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...
https://knews.kathimerini.com.cy/en/news/president-lauds-outgoing-finance-minister
President Nicos Anastasiades thanked outgoing Finance Minister Harris Georgiades for the work he has done in steering the economy “out of deep crisis towards growth" ...
https://knews.kathimerini.com.cy/en/business/growth-momentum-moderates-in-cyprus-according-to-european-commission-autumn-economic-forecast
"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....
https://knews.kathimerini.com.cy/en/news/cyprus-soon-to-fulfill-schengen-obligation
The Republic of Cyprus declared its readiness to become a member of the Schengen Area and awaits EU evaluation, Foreign Minister Nikos Christodoulides announced on Monday
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https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces
Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....
https://knews.kathimerini.com.cy/en/business/social-determinants-undermine-the-progress-of-modern-medicine
The rise in illnesses caused by our behaviours and the social determinants of health threatens to suffocate budgets in both wealthy and poor countries, while suppressing the power of modern medicine to improve lives...
https://knews.kathimerini.com.cy/en/news/last-straw-as-johnson-heads-to-brussels
European Union leaders’ two-day summit in Brussels starting on Thursday will be dominated by last-gasp efforts to seal a deal on Britain’s exit from the bloc despite a raft of other pressing issues, from the crisis in the Middle East to the bloc’s budget...
https://knews.kathimerini.com.cy/en/news/nicosia-awaits-eu-council-decisions
The President of Cyprus Nicos Anastasiades expressed on Tuesday his satisfaction over the decision of EU Foreign Ministers with regard to Turkey’s illegal drilling activities in the Eastern Mediterranean, and said he expected the European Council to endorse sanctions in its upcoming meeting...
https://knews.kathimerini.com.cy/en/news/ayia-napa-rape-accuser-back-in-court
The Ayia Napa rape accuser was expected back in court on Tuesday where she is facing charges of public mischief, with her defence taking issue with how the complaint was investigated and how their client was treated by police...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-profit-of-€59-1-million-in-first-half-of-2019
The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank.
...
https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
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https://knews.kathimerini.com.cy/en/comment/opinion/looking-for-true-followers
Surely it is time for Greece’s most affluent citizens to step up, not out of self-interest, but in order to help the country through this critical time. As it starts to recover from bankruptcy, the country finds itself with scant resources and huge needs in key areas. Virtually all sectors – including defense, health, education and culture – have been seriously impacted by successive waves of budget cuts, a situation that has been aggravated by the failure of Greek politicians to implement bold measures.
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https://knews.kathimerini.com.cy/en/news/cyprus-to-fully-repay-imf-loan-in-2020
According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP
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https://knews.kathimerini.com.cy/en/news/cabinet-approves-surplus-2020-budget
The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System
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https://knews.kathimerini.com.cy/en/news/brexit-no-deal-preparedness-final-commission-call-to-all-eu-citizens-and-businesses
With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/dombrovskis-the-eu-leads-the-world-in-the-battle-against-climate-change
This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late.
...
https://knews.kathimerini.com.cy/en/news/halloumi-exports-reached-29-thousand-tons-in-2018
Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said.
...
https://knews.kathimerini.com.cy/en/comment/opinion/early-signs-of-civility-and-consensus
Despite some natural degree of skirmishing and isolated criticism, rays of civility, consensus and cooperation are breaking out across the Greek political landscape.
...
https://knews.kathimerini.com.cy/en/news/deadly-mega-fires-bring-new-challenge-to-europe
The European Union describes wildfires as “a serious and increasing threat” across the continent....
https://knews.kathimerini.com.cy/en/comment/opinion/recovering-lost-ground
The government that has just taken power in Greece is different to what we are accustomed to and close to what a big chunk of the population is eager to see. The center-right administration appears well-prepared. The comparison is not only being made with SYRIZA, which was completely unprepared when it took over at a crucial period in 2015, but also with other supposedly experienced administrations before them. That said, in politics plans can be undone by unforeseen events.
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https://knews.kathimerini.com.cy/en/news/nicosia-bypass-closer-to-the-start-line
The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...
https://knews.kathimerini.com.cy/en/business/cyprus-aims-to-be-among-the-first-to-regulate-blockchain-technology
Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...
https://knews.kathimerini.com.cy/en/business/cyprus-pushes-for-ferry-link-with-greece
The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...
https://knews.kathimerini.com.cy/en/news/two-women-at-the-top-of-eu-decision-making
Under the deal, Ursula von der Leyen, a close ally of German Chancellor Angela Merkel, will replace Jean-Claude Juncker as president of the European Commission, the EU’s executive arm...
