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691. Defence ministry dismisses kickback allegations

The defence ministry is dismissing allegations of money squandering, accusing a former state auditor of rehashing an old story in connection with kickbacks worth €5 million...

692. Teachers up in arms as minister rejects ultimatum

Unions of state educators are fuming as Education Minister Costas Hambiarouis rejected their ultimatum to start dialogue from scratch in public school reform...

693. Senators add more roadblocks to Turkey’s F35 deal

US senators are turning up the pressure over the F35 fighter jet sale to Turkey, with new restriction proposals that could possibly make the delivery of the stealth warplanes more difficult...

694. Conference on Funds & Cryptocurrencies, a success

A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...

695. Committee on Cyprus missing has more work to do

The Committee on Missing Persons says they need to start opening graves to obtain DNA, just days after media reports said CMP was slowing down, but the task ahead is difficult and in need of cash...

696. Teachers call for air conditioners in state school classrooms

Public school teachers are calling on the government to move forward with the installation of air condition units in classrooms, with the government raising health concerns while looking into the possibility....

697. Funds & Cryptocurrencies: The Development and the Technology

For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...

698. Government and Co-op begin consultations with bidders

699. Complaints against police remain a challenge

The special task force looking into complaints against the police is having a tough time investigating cases, primarily due to lack of funding but also possible conflicts of interest...

700. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

701. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

702. Akinci says East Med pipeline not a route for peace

Turkish Cypriot leader Mustafa Akinci says plans to push forward for the EastMed pipeline are counter to peace efforts in the region, adding that an energy solution which excludes Turkey would be a mistake...

703. Cyprus Residency and Citizenship-by-Investment Scheme Remains Appealing to Investors

With more than three decades of presence operating as a leading international advisory services firm, K. Treppides & Co Ltd offers insight into the latest residency and investment trends to impact Cyprus...

704. Greece's new startup culture: technology and seagrass sunglasses

Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...

705. Oil tank demolition paves the way for a new Larnaca

The first oil tank demolition started Thursday on the old Larnaca-Dhekelia road, with President Nicos Anastasiades doing the honours by helping cut the first piece using a welding torch...

706. Indian guru Asaram guilty of raping 16-year-old

The case highlights the Indian heartland’s fascination with spiritual gurus, who wield immense influence for their ability to mobilise millions of adherents...

707. Cyprus is open for business and China’s buying

As US President Donald Trump builds barriers to Chinese trade, Cyprus is throwing open the gates...

708. One in five financial institutions consider cryptocurrency trading

Banks are examining client interest and several hedge funds have tried their hand trading virtual currencies...

709. Buying Greek property makes sense

Investor confidence in the real estate market’s prospects and the notion that prices have completed their downward cycle has prompted more property acquisitions...

710. Millions in compensation to Cyprus Airports under review

A compensation agreement between the state and Hermes Airports is being challenged in parliament, echoing a public debate on how Larnaca and Paphos airports should receive government funds due to the operation of the illegal Ercan (Tymbou) airport in the north....

711. Georgiades makes a “good case” for Co-op sell-off

Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....

712. Russia is drifting away

Michalis Tsikalas says the fact that Russia and Turkey are locked in an embrace, which is getting stronger over time, should not go unnoticed in Cyprus. Taking action on any chosen path remains difficult in the world of energy choices, but don’t have all the luxury in the world to pick and choose. ...

713. EU-Turkey migrant deal ‘at risk’, report says

The deal signed between Ankara and Brussels in March 2016 to crack down on human trafficking over the Aegean is hanging in the balance as several countries are reportedly refusing to pay for it, insisting that the European Commission cover the next tranche of 3 billion euros in funding pledged to Turkey....

714. Sarkozy denies wrongdoing over Libya lies

At issue is a murky affair of Libyan spies, arms dealers and allegations that late Libyan leader Gaddafi provided Sarkozy’s 2007 election campaign with millions...

715. Hedge funds show interest in Cyprus co-op

Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...

716. French ex-president Sarkozy in custody in campaign funding probe

France opened a judicial inquiry in 2013 into allegations that Sarkozy’s successful 2007 election bid benefited from illicit funds from late Libyan leader Gaddafi...

717. Seven Cypriots named in Forbes' Billionaire list

Foreign businessmen are among the Cypriots listed on Forbes’ Billionaire list in 2018, with all seven of them totalling €17.6 billion in combined net worth despite none of them residing on the island. ...

718. Cyprus University of Technology awarded UNESCO Digital Heritage Chair

The UNESCO Chair has been awarded to CUT “in recognition of its important work on an international level in research...

719. Cubs of the Caliphate

There is little in the way of specialized care for them in Iraq, where the minimum age of criminal responsibility is nine...