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1561. Cyprus looks to become global crypto hub with new bill

Cyprus is vetting a cryptocurrency “umbrella” bill in a bid to establish the Mediterranean nation as a premier destination for digital asset innovators and companies....

1562. Nicos Anastasiades to convene National Council meeting on June 9th

President Nicos Anastasiades has decided to convene a National Council meeting on Thursday, June 9th to discuss the latest developments in the Cyprus issue and the increasing inflationary pressures on the economy, Government Spokesperson Marios Pelekanos said on Friday in a written statement....

1563. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

1564. Global IPO market experiences significant slowdown in Q1 2022

1565. 'Mutually beneficial' CBMs rejected by Tatar

Government Spokesman Marios Pelekanos stated today that a proposal by Cyprus President, Nicos Anastasiades, on a package of Confidence Building Measures (CBM) is mutually beneficial and promotes a positive climate for the resumption of Cyprus talks....

1566. Menendez: 'There will be consequences for Turkey's violations'

The Turkish occupation of Cyprus and Ankara's policy, which remain a threat to stability and prosperity in the region, was raised by Senator Robert Menendez during the Annual Economist New York Mediterranean Business Summit on Tuesday....

1567. Efforts continue for the release of the Cypriot captain on one of the seized ships

Cyprus' Ministry of Foreign Affairs is continuing its diplomatic efforts for the release of a Cypriot captain, a member of the crew of one of two Greek oil tankers recently seized by Iran's Revolutionary Guards in the Gulf. ...

1568. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....

1569. European unity tested as talks on Russian oil embargo drag on

Europe's united front against Moscow is being put to the test as countries struggle to agree on a ban on Russian oil imports....

1570. Glamping is on the rise, and hostels are coming soon

In January 2020, Airbnb's were officially allowed to operate in Cyprus, giving tourists an alternate mode of accommodation on the island in addition to hotels and hotel apartments....

1571. 103 million euros in support measures for vulnerable households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....

1572. Superyacht in Ayia Napa highlights tourism makeover

A cruise ship offering passengers a luxury yachting experience around the world made a stop in Cyprus’ Ayia Napa over the weekend, with locals highlighting the resort town’s efforts to attract high income visitors as an alternative to tourists balling on a budget...

1573. Greece rejects Turkish claims in the Aegean

The Permanent Representative of Greece to the United Nations delivered a letter addressed to UN Secretary-General Antonio Guterres on Wednesday rejecting claims contained in a letter delivered by Turkey to the same body in September 2021....

1574. The Anatolian Greeks who settled in the US

“There was Antonis, a man who emigrated to America from Greece, who thought he was a ‘real Greek’ and that everyone from Alatsata [present-day Alacati] and Asia Minor were inferior....

1575. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

1576. Cyprus now an important player in LNG arena

The EU produces LNG from naphthalene in Cyprus An important step is the support from the Commission that is expected to shuffle the energy deck of the Eastern Mediterranean...

1577. Israel reassures Turkey over Cyprus drill

A 'new chapter' in relations between Ankara and Jerusalem was launched this week during a visit to Israel by Turkish Foreign Minister Mevlut Cavusoglu, who reportedly sought an explanation regarding a large-scale military drill said to take place in Cyprus over the weekend...

1578. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

1579. Greece resumes weapons support to Ukraine

US Defense Secretary Lloyd Austin thanked many countries including Greece for sending new military packages of assistance to Ukraine, causing political chaos in Athens where last month government officials said there would be no more military equipment shipments to Kiev...

1580. Kissinger urges West to make peace with Russia

Former Secretary of State Henry Kissinger is calling on Kiev to concede territory to Moscow, while warning the West not to pursue a humiliating defeat of Russia...

1581. Erdogan says he will no longer talk to Greek PM

Turkish President Recep Tayyip Erdogan said Monday he would cease talking to Greek Prime Minister Kyriakos Mitsotakis and cancel a key meeting between their two governments, accusing the Greek leader of antagonizing Turkey....

1582. Ankara using migration to turn up the heat on Athens

Turkey on Monday resumed its practice of allowing boats packed with migrants to depart from its coast for the Greek islands in the eastern Aegean. It was the first instance in some time that such a large number of migrants tried to enter Greek territorial waters from the Turkish coast....

1583. Four-day workweek being piloted in Cyprus

A four-day workweek is being piloted in the Republic of Cyprus, with a big accounting firm on the island testing the waters of better work-life balance this summer...

1584. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

1585. Drilling begins at Cronos-1 in Block 6 of Cyprus’ EEZ

Drilling works have started at "Cronos-1" within Block 6, of Cyprus’ exclusive economic zone, the Ministry of Energy announced on Monday....

1586. EC approves 890,000 euro scheme to support Cypriot halloumi makers

The European Commission has announced it has approved a state aid scheme worth a total of 890 thousand euros for halloumi producers, in the context of dealing with the economic effects of the coronavirus pandemic....

1587. A new billionaire nearly every day during the pandemic

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. ...

1588. EU Energy Commissioner: 'Cyprus has enormous potential in terms of solar and wind energy production.'

In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....

1589. Op-ed: The handmaidens of the right

It was the decade of the 70s when my friend Katerina and I were students at Pierce College in Athens. With our group of friends we spent happy, carefree days exploring the old city, its galleries and parks, its nightspots and museums....

1590. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....