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391. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

392. Cyprus, US officials mark 'watershed' moment in bilateral relations

Cypriot Foreign Minister Nicos Christodoulides and acting US Secretary of Homeland Security Chad Wolf attended the groundbreaking ceremony of the Cyprus Center for Land, Open-Seas and Port Security (CYCLOPS) took place in Larnaca on Monday, with the two officials lauding the strong partnership between Cyprus and the US as well as the crucial role that the training center will play in the region....

393. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....

394. Cyprus President 'absolutely satisfied' with EC Conclusions

President Nicos Anastasiades expressed absolute satisfaction with the Conclusions of the European Council regarding Turkey’s activities in the Eastern Mediterranean....

395. Cyprus rationalizes sanctions against Turkey

Cypriot Defence Minister Charalambos Petrides has reiterated his country’s position in seeking a settlement of the Cyprus problem, adding that economic sanctions against Ankara remain on the table 'as long as Turkey continues to maintain tensions'...

396. PwC’s city resilience framework

397. Mitsotakis spells out message to Turkey

Greek Prime Minister Kyriakos Mitsotakis called on Turkey to “stop the provocations” in the Eastern Mediterranean and return to the negotiating table in order to resolve disagreements regarding the delimitation of maritime zones...

398. Pedestrian woman dies after Larnaca accident

A woman in Larnaca was killed in a road incident on Wednesday when a minibus struck her as she was trying to cross the road...

399. Cyprus holds steady with zero new cases

No new confirmed coronavirus cases were reported in Cyprus on Saturday, authorities announced, with a combined total number of cases remaining at 1093 on the divided island...

400. Lockdown-defying bishops off the hook

Two local bishops who were facing charges in connection with violation of public health laws during the pandemic lockdown are off the hook, with state prosecution reportedly lacking clear and convincing evidence...

401. Police seize scrap wood for Easter bonfires

Local crews in Nicosia’s Strovolos municipality have been busy removing scrap wood stashed away in abandoned buildings in an effort to crack down on illegal lambradjia bonfires on upcoming Holy Saturday...

402. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

403. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

404. Cyprus repays an IMF loan early, saving €13.4 million

The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan, which had been granted to the country in the period 2013-2016....

405. Government ups the ante on Spiftire impasse

The Republic of Cyprus has already decided on measures to be taken in the event that the UN fails to resolve the Spitfire Café impasse between the Nicosia Municipality and the Turkish military....

406. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

407. Renewable power is only part of the solution to meet net-zero targets

408. Police focus on black box in fatal crash

Officials say a black box installed in the car of a Russian man, who is under arrest in connection with Thursday’s fatal accident, could yield important information as the investigation continues...

409. Guterres committed to explore possibility to convene five-party meeting on Cyprus

UN Secretary-General Antonio Guterres said on Monday that he committed to explore with the President of Cyprus Nicos Anastasiades, the Turkish Cypriot leader Mustafa Akinci and the guarantor powers the possibility to convene an informal five party meeting on Cyprus “at an appropriate stage”, following an informal dinner in Berlin attended by both leaders. ...

410. All set in Berlin for low-key dinner

The two Cypriot leaders are hours away from having an informal dinner together with the UN Secretary General in Berlin, where they have been invited for an assessment of next steps regarding a possible resumption of talks on the divided island...

411. Cyprus President saddened over latest statements by Turkish FM

President of Cyprus Nicos Anastasiades said on Monday that he was saddened to hear about the latest statements by Turkish Foreign Minister Mevlüt Çavuşoğlu, noting that “they convey in essence the message that the Turkish side is not returning to the negotiating table if the requirements it is putting forward are not met.”...

412. President stresses political determination ahead of Berlin

President of Cyprus Nicos Anastasiades stressed on Friday his determination and political will to attend a meeting in Berlin, later this month, with UN Secretary-General Antonio Guterres and Turkish Cypriot leader Mustafa Akinci, in a positive and creative spirit, aiming to conclude the terms of reference “whatever the Turkish intentions are.”...

413. Lute to return to Cyprus ahead of Berlin leaders' meeting with the UNSG

In mid-November, the UN Secretary General’s Special Envoy for Cyprus, Jane Holl Lute will be in Cyprus to prepare for the meeting of the leaders with the SG in Berlin....

414. UN diplomat expresses concern over uncertainty for the resumption of negotations on Cyprus

The UN Secretary General’s Special Representative and head of the UN peacekeeping force in Cyprus (UNFICYP) Elizabeth Spehar has said that uncertainty regarding the prospects for the resumption of the negotiations aiming to solve the Cyprus problem remains a concern, adding that “these are crucial times both on the island and in the region.”...

415. Nicosia uses all legal, political and diplomatic means at its disposal to face Turkey's new provocations, spokesman says

The Republic of Cyprus uses all the legal, political and diplomatic means at its disposal to address new Turkish provocations in Cyprus’ Exclusive Economic Zone, Government Spokesman Prodromos Prodromou said on Friday, following the meeting of the National Council under Cyprus President Nicos Anastasiades....

416. UK deplores any drilling in the waters close to Cyprus, supports Cyprus' right to extract oils

Britain deplores any drilling in the waters close to Cyprus and supports Cyprus’ right to extract oils in its Exclusive Economic Zone, British Minister for Europe Christopher Pincher, said on Friday, adding at the same time that the oil wealth should be extracted for the benefit of all Cypriots on the island of Cyprus....

417. Nicosia monitors closely the course of Turkish drill-ship «Yavuz» in Cyprus EEZ

Nicosia monitors closely the course of Turkish drill-ship “Yavuz” within the exclusive economic zone (EEZ) of the Republic of Cyprus awaiting further developments....

418. Avgorou biker killed in Larnaca collision

A biker from Avgorou was killed in a road accident on Monday after his motorcycle collided with a pickup truck that reportedly failed to yield...

419. US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast of Paphos. It confirms the difficulties faced by the two Turkish drilling rigs that are related to the reluctance of major firms to cooperate with Turkey in the supply of materials for research and extraction of hydrocarbons. ...

420. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...