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1861. 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. ...

1862. Digital Challenges for Internal Auditors & DPOs

1863. Rape accuser jailed until court date

A Famagusta district judge ordered a 19-year-old British female to stand trial in connection with gang rape allegations she had made against Israeli teens with her case ultimately falling apart...

1864. Memes flood internet after bishop’s gay comments

Morphou Neophytos has taken heat after making controversial comments about gay sex, with the internet flooding with funny memes but also criticism against the bishop...

1865. 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. ...

1866. UNFICYP mandate renewal sends message of urgency for resumption of Cyprus talks, US diplomat says

US Mission’s to the UN Political Coordinator Rodney Hunter has said that his country believes UNFICYP’s new mandate sends a message that the two leaders, Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci "must work with a sense of urgency" to resume reunification talks. He also expressed disappointment with the lack of progress since the Conference on Cyprus in 2017 but expressed the belief that a settlement "remains achievable." ...

1867. Three West Nile virus cases in the north

Turkish Cypriot media say authorities in the north have detected three cases of the West Nile virus, while officials in the south are still waiting for tests on one possible case...

1868. Ice cubes for tigers as heatwave smashes European records

Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new normal. ...

1869. The ‘public interest'

Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments. ...

1870. Bloomberg: Turkey has abandoned the West

In an opinion piece Bloomberg's editorial board writes that Turkey is an increasingly erratic ally that is no longer worth the risks. ...

1871. Moody's warns foreclosure laws increase risk for banks

Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....

1872. No time for mixed signals

We are entering a very thorny patch in Greek-Turkish relations. Turkey’s activities within Cyprus’ exclusive economic zone (EEZ), combined with the standoff with the United States over Ankara’s acquisition of the Russian S-400 missile defense system are increasing the tension further in Greece’s wider region. ...

1873. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

1874. EY: Renewable energy is taking strides towards a subsidy-free era

The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions...

1875. 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. ...

1876. 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...

1877. PM hopefuls battle over Brexit in bad-tempered debate

Boris Johnson and Jeremy Hunt, rivals to become Britain’s next prime minister, clashed over who could be most trusted on Brexit on Tuesday in a sometimes bad-natured television debate just two weeks before one will be crowned...

1878. Eurogroup rules out any talk of primary surplus target reduction for Greece

Discussion on Greece was brief at Monday’s Eurogroup, but the council of eurozone finance minsters sent a clear message to Athens that creditors are ready to cooperate with the new government while warning that the handouts announced in May by the previous administration are putting growth and fiscal targets at risk...

1879. ND surges to power, promising change

1880. Deutsche Bank axes 18,000 jobs

1881. 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...

1882. New missile scenarios tossed in the mix

Reports in the Turkish Cypriot press point to a number of different scenarios, as authorities on both sides of the divided island try to learn more about the rogue missile that ended up on Cypriot soil...

1883. No final conclusions yet in stray missile incident

The Republic of Cyprus remains in the dark over the missile incident in the north, while an effort is underway by officials to sound out “friendly countries” in order to connect the dots...

1884. The liberal narrative and the risks

1885. President in good spirits after surgery

President Nicos Anastasiades was rushed to hospital for emergency surgery on Saturday after a slip-and-fall accident...

1886. Playing with fire

The emerging crisis in the Eastern Mediterranean over Turkey’s drilling activities in Cyprus’ exclusive economic zone (EEZ) raise the prospect of an open Greco-Turkish conflict to a level higher than anytime since the Imia crisis...

1887. UK Defence Secretary Penny Mordaunt in Cyprus for talks

1888. Trump calls off Iran strikes at the last minute

1889. Chinese Ambassador to Cyprus: No one stands to win in a trade war

1890. Lady’s Mile mired in controversy again

Lady’s Mile Beach finds itself once again at the centre of controversy, with an upcoming concert in the balance due to environmental concerns and a businessman who is trying to get beach coolers banned...