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5611. Authoritarian, divisive, hard right?

A few days ago, the New York Times published an opinion piece on political developments in Greece on its front page in which the author denounced the return to power of the “hard” right under the leadership of an “authoritarian” prime minister with “anti-democratic instincts.” ...

5612. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

5613. 1st Energy Ministerial Meeting: Full support for Cyprus' and Greece's stance on regional energy issues

Full support for Cyprus' and Greece's stance on regional energy issues and for the expansion of security and environmental co-operation is the outcome of the 1st Energy Ministerial Meeting, held in Athens on Wednesday, and participated by Greece, Cyprus, Israel and the United States...

5614. British Airways flights disrupted by IT failures

Problems with British Airways’ IT systems left thousands of passengers facing flight cancellations, delays and long queues at airports in the airline’s third major computer failure in a little more than two years. ...

5615. Government in talks with businesses to raise corporate tax rate

Finance Minister Haris Georgiades confirmed reports that the government plans to increase the corporate tax rate from 12.5% to 15%...

5616. Foreclosure legislation unconstitutional

The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...

5617. Rape accuser reshapes legal defence

An arraignment hearing has been postponed for the British female accused of making false statements in the Ayia Napa gang rape case, with reports saying her local attorney is stepping aside due to disagreement on handling the defence...

5618. Cyprus formally asks EU to share burden

Interior Minister Constantinos Petrides has made good on his promise to seek help in “practical ways” from his EU counterparts on the migration issue and redistribution of asylees...

5619. Stella Kyriakidou: Climate change and gender equality a priority for the EU

There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....

5620. Rape accuser says cops coerced confession

A new twist in the Ayia Napa gang rape case emerged on Sunday night, after The Sun ran a story about the alleged victim who says police dictated her confession and used threats to make her sign...

5621. Cyprus ready to push on migration question

Interior Minister Constantinos Petrides is drafting a letter for his EU counterparts, in which he is expected to formally ask for a number of individuals under protection status in the Republic of Cyprus to be relocated to other member states...

5622. Lifeline as Parliament accepts President's referral

The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...

5623. Wiz Guide: 12 best places in Larnaca for Food & Drink

Larnaca is on the rise. The city attracts more and more visitors every year, who seek to enjoy Larnaca’s culinary experiences and wide selection of restaurants and bars. The city of Larnaca is filled with wonderful places to explore and here they are: ...

5624. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

5625. Finance Committee seeks compromise on foreclosures

The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...

5626. 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. ...

5627. 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. ...

5628. 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 ...

5629. 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...

5630. 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....

5631. 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. ...

5632. Central Banker mulls bridging framework on foreclosures

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

5633. 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....

5634. Digital Challenges for Internal Auditors & DPOs

5635. 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...

5636. 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. ...

5637. Suspect arrested in Zakaki attempted murder

Limassol police arrested a male suspect on Tuesday who was wanted for attempted murder, in connection with an apparent dispute that ended up with a Sri Lankan woman in hospital with severe stab wounds...

5638. 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. ...

5639. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

5640. Britain begins escorting all UK vessels through Hormuz Strait

Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. ...