Search

2881. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

2882. Government cuts red tape on traffic camera plans

The President’s Cabinet is cutting red tape when it comes to traffic cameras, in an effort to have a system installed sooner than later...

2883. Building permits up by 14.4 percent in April

The number of building permits issued this April compared to last April was up by 14.4% according to data released by the Cyprus Statistical Service...

2884. Overall retail rise not overshadowed by slight drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

2885. Energy talks with TOTAL still ongoing

French energy giant TOTAL’s plans in Cyprus’ exclusive economic zone (EEZ) were the topic of discussion in a Paris meeting on Saturday between between President Nicos Anastasiades and CEO Patrick Pouyanne...

2886. AG names investigators to comb though co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

2887. Holiday Inn Nicosia under new ownership

Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...

2888. Limassol fire attributed to human factor

Authorities believe human factor was involved in the Sykopetra fire on Tuesday, which burned down trees and vegetation in the Limassol district until fire fighters and aircraft were able to put it out...

2889. Suspected arsonist arrested in Tylliria fire

Police arrested a 35-year-old man suspected of arson in a large forest fire in Tylliria that was put out after midnight, while planes from Greece and Israel are on standby...

2890. TOTAL sets anchor in more blocks of the EEZ

President Nicos Anastasiades met with TOTAL's Middle East exploration chief on Tuesday, focusing on the prospects of expanding Nicosia's cooperation with the French energy giant...

2891. Co-op bankers plead not guilty in loans scandal

Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...

2892. #PoliticsBlog End of an era and Harris’ bitter chalice

Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...

2893. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

2894. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

2895. Debt collectors to go after unpaid electricity bills

The Cyprus Electricity Authority is resorting to private debt collectors to go after unpaid bills, following criticism that the organisation lost €65 million in late payments or defaulted accounts...

2896. Supermarket closed down on Turkish Cypriot property violation

There was tension in Peristerona Friday morning, when owners of a supermarket and local residents took to the streets to protest government closing their business due to Turkish Cypriot property violations...

2897. Greek Cypriot drivers cross north to fill ’er up

Greek Cypriot gas station owners are feeling the squeeze as many vehicle owners cross north to get petrol, causing up to 70% losses in the south...

2898. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

2899. Latvian suspect denies part in Leonides murder

A 36-year-old Latvian national pleaded not guilty to charges in connection with the murder of 47-year-old Ernest Leonides, who was clipped back in February at a Limassol restaurant...

2900. FYROM name deal ‘days away,’ both sides say

There was a sense Tuesday that Athens and Skopje were inching toward a deal on the ongoing “Macedonia” name dispute despite domestic opposition in both countries, with several protest rallies planned for Greece Wednesday....

2901. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

2902. Finance Ministry issues six-year bonds for natural persons

Cyprus Finance Ministry issued domestic bonds for natural persons amounting to €6.77 million, Public Debt Management Office (PDMO) announced....

2903. Horrific details emerge in Kioneli murder

New horrific details emerge in the Kioneli murder, with a Turkish Cypriot mother in police custody admitting that she killed her young son after seeing a social media comment posted by the boy’s father...

2904. Sales of petroleum products record monthly increase

A press release issued by the Statistical Service of Cyprus says that a rise was recorded in the provisions of Gasoil for Marine use and Aviation Kerosene, as well as in the sales of Heavy Fuel Oil....

2905. Government and Co-op begin consultations with bidders

2906. Turkey pays Greek Cypriot damages over property in north

Turkey has paid, through the Council of Europe, a Greek Cypriot non – pecuniary damages, plus legal expenses, in addition to VAT in the order of €14,526.75 in line with a European Court of Human Rights (ECHR) judgment...

2907. Child sex abuse complaints get buried in school

Disy MP Efthymios Diplaros is defending comments he made publicly about teachers involved in sexual abuse cases who face no consequences, dismissing criticism that he was acting irresponsibly with his remarks...

2908. Turkey's Muslim-friendly holidays find a modest place in the sun

Turkey’s $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims...

2909. Britons dash to become German before Brexit

Driven by the prospect of Britain’s withdrawal from the European Union next year, the number of British passport holders who became German citizens jumped by 162 percent last year, Germany’s Federal Statistics Office said on Wednesday...

2910. Trump relaxed about Kim summit being cancelled

US President Donald Trump said there was a “substantial chance” his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons...