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1141. New scheme to subsidize airlines conducting flights with low occupancy

Transport minister Yiannis Karousos on Wednesday announced a new scheme that will support airlines in view of stimulating passenger traffic....

1142. Sir Stelios wages battle against board

EasyJet founder Sir Stelios Haji-Ioannou had some harsh words to say about the company’s finance director, with the Greek Cypriot billionaire renewing his call to whistleblowers to help with useful information to scrap an Airbus deal...

1143. Cyprus all set to receive tourists from June 15

The Deputy Tourism Ministry is all set to open the Cyprus tourism market as of June 15....

1144. Attorney general weighs in on casino probe

The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...

1145. Cyprus irked over mystery casino probe

The Republic of Cyprus is asking the European Anti-Fraud Office for more information into a probe of misuse funds, following reports that stolen EU money was pumped into a casino project on the island...

1146. EU investigators follow the money to Cyprus

Cyprus came on the European Anti-Fraud Office’s radar this week, after it emerged that money allegedly stolen from an environmental project was diverted to a casino project on the island...

1147. Tax alert: Cyprus

1148. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

1149. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

1150. Judges deny bail for Alexoui

A criminal court ordered Nicosia businessman Alexis “Alexoui” Mavromichalis to remain locked up pending trial, one day after he pleaded not guilty to charges in an attempted murder case followed by long arguments over bail...

1151. Ex-con under witness protection goes missing

A suspect has been remanded in custody in connection with the disappearance of a Syrian man, who was said to be under witness protection with police fearing the worst...

1152. Nicosia an extremely important partner in region, Norwegian FM says in Cyprus visit

Oslo views Cyprus as an extremely important partner in the region, due to its bridging role between Europe and the Near East, said Ine Soreide, Norway’s Minister of Foreign Affairs....

1153. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

1154. Amid tension, Greece, Turkey hold military-to-military talks

A delegation of Turkish military officials is due in Athens to resume confidence-building talks amid tension between the two NATO members over maritime oil-and-gas drilling rights....

1155. Officer in Greece arrested for 11 robberies around Attica

An officer from the police force’s DIAS motorcycle-riding unit in northeastern Attica was charged with multiple robberies and violating gun laws over his alleged involvement in a total of 11 holdups in the past three months, it emerged Friday....

1156. Cyprus 'golden passports' scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...

1157. Cyprus' plan to strip citizenship stalls in legal vacuum

A legal technicality has led Cyprus to temporarily halt a process to strip citizenship from 26 individuals who benefitted from a secretive passports-for-investment scheme, lawmakers said on Monday....

1158. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

1159. Alexoui jailed as ‘flight risk’

Nicosia businessman Alexis “Alexoui” Mavromichalis will remain in jail pending trial, after a judge on Thursday said the suspect was a flight risk...

1160. Judge delays verdict in Alexoui bail hearing

Alexoui’s lawyer came very close to securing the release of his client on Wednesday, after arguing police could not deprive someone of his freedom based on contradictory witness statements, but a judge needed another day to decide whether to grant bail...

1161. Pensioner suing convicted ‘fixer’ lawyer

A female pensioner, who was swindled out of 350 grand while seeking promotion in the civil service through a back-channel, is suing her former lawyer after he was sentenced to two years for defrauding her...

1162. EU's Turkey rapporteur says Ankara-Tripoli maritime deal has no legal bearing

A deal between Ankara and Libya’s Tripoli-based government on maritime borders does not have any legal bearing for other countries, European Parliament rapporteur on Turkey, Nacho Sanchez Amor, told state-run news agency ANA-MPA on Thursday....

1163. Cyprus ready for five-party meeting, Anastasiades tells Lute

Cyprus President Nicos Anastasiades shared a phone call on Wednesday with UN special envoy Jane Holl Lute, expressing his readiness to take part in an informal five-party conference with the aim of reaching an agreement on the terms of reference that would allow the resumption of peace talks....

1164. Little US-Turkish progress solving defenses row, Erdogan says

Turkish President Recep Tayyip Erdogan said on Wednesday Washington and Ankara had done little to solve a row over Turkey’s purchase of Russian defenses and its procurement of US fighter jets despite a November agreement, according to broadcaster NTV....

1165. Charles De Gaulle to dock in Limassol, demonstrating fortified ties

The flagship of the French Navy, aircraft carrier Charles De Gaulle, will be docking at Limassol port at the end of February, prior to the wrapping up of its Eastern Mediterranean mission, Ambassador of France to Cyprus Isabelle Dumont told the Cyprus News Agency on Tuesday....

1166. Judge approves Alexoui remand

Nicosia businessman Alexis “Alexoui” Mavromichalis was remanded in custody on Tuesday in connection with an attempted murder in 2017, following a long and tough court hearing...

1167. Democrats lay out case against Trump

Democrats planned to plow ahead on Thursday at President Donald Trump’s impeachment trial with their arguments for removing him from office, but Republicans showed no signs of softening their resistance to the Democratic case...

1168. DP World Limassol agrees to revise policy

Transport Minister Yiannis Karousos has been promised a change of policy at DP World Limassol, with the company saying it would service more than two cruise ships in a given day following complaints...

1169. Terrorism suspect jailed in the north

A suspected terrorist arrested in the north earlier this week was ordered to remain in custody on Friday, as Turkish Cypriot authorities continue to investigate possible links with ISIS...

1170. Iran escalation continues after midnight tweet

US President Donald Trump on Saturday threatened to hit 52 Iranian sites “very hard” if Iran attacks Americans or US assets after a drone strike that killed Iranian military commander Qassem Soleimani, as tens of thousands of people marched in Iraq to mourn their deaths...