Search

241. Cyprus traffic cameras venture set in motion

The contract for the study, installation, and maintenance of the island’s new traffic camera system was signed on Monday, setting into motion the pilot phase of the project that was several years in the making....

242. EU leaders pull Turkey punch at last minute

European Union leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus, postponing any harsher steps until March as countries sparred over how to handle Ankara...

243. Anastasiades participates in prep meeting ahead of EUCO

With the European Council coming up next Wednesday and Thursday, President Nicos Anastasiades participated in a preparatory videoconference hosted by European Council President Charles Michel to discuss issues on the agenda, which is also expected to include a discussion of the potential imposition of sectoral sanctions against Turkey....

244. Israeli F-35 jets test Cyprus air defence

Cyprus gets to test its air defence systems against American-made F-35 jest, with Israeli pilots flying their cutting edge stealth fighters during a joint exercise this week over Limassol and Paphos...

245. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

246. Reynders: 'golden passport' schemes must be abolished

The EU Commissioner for Justice Didier Reynders briefed the plenary of the European Parliament on Thursday on the Commission’s decision to initiate infringement proceedings against Cyprus and Malta in view of their ‘golden passports’ schemes which appear to be in violation of EU law....

247. Mom finds daughter’s nude video online

A young man has been arrested on child pornography charges after the mother of a teenage girl saw a nude video of her daughter online and contacted authorities...

248. Greece, US affirm commitment to boosting ties after high-level review

Greece and the US on Monday issued a joint statement following a high-level review of the US-Greece Strategic Dialogue that took place in Thessaloniki amid a visit to the northern port by US Secretary of State Mike Pompeo and Greek Foreign Minister Nikos Dendias....

249. Man jailed for stealing dying patient's visa card

A hospital employee was arrested on Sunday after the wife a male patient, who died recently in Limassol’s Intensive Care Unit, told police her husband’s credit card had been stolen...

250. Sanctions unfeasible and ineffective

Nathalie Tocci was a close adviser to former EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, during the years when the Cyprus Problem came – according to many - closer than ever to a solution. Today, she is a close advisor to Josep Borrell and, having monitored the Cyprus Problem for many years and having played a central role in the effort to formulate a European strategy for foreign policy, she has a strong view not only on Cyprus but also on the Greek-Turkish conflict. At the same time, she takes a critical approach to the efforts exerted by Athens and Nicosia to link sanctions against Turkey with those against Belarus. ...

251. Greek PM expected to unveil French defense deal on Saturday

Prime Minister Kyriakos Mitsotakis is due to unveil the details of a defense deal with Paris that was the subject of talks with French President Emmanuel Macron on the sidelines of a European-Mediterranean leaders’ meeting in Corsica on Thursday....

252. Over half of EMEA private businesses expect revenue to decline

253. Cyprus on alert as Chevron snaps Noble

The acquisition of Noble Energy by Chevron is a development that may affect the development of the "Aphrodite" deposit, the Cypriot energy minister has said...

254. Hellenic Bank sells its most expensive home

Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...

255. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

256. Turkey warns US over Cyprus arms embargo

Ankara has warned Washington that an impending lift of a US arms embargo on the Republic of Cyprus is a “dangerous escalation” that would hamper efforts to reach a peace settlement on the divided island...

257. Italgas to enter Greek market

Italy’s biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market. Kathimerini understands that Europe’s third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter’s portfolio in the Greek gas grid....

258. Trump has ‘wonderful’ meeting with Erdogan

US President Donald Trump on Wednesday pushed Turkish President Tayyip Erdogan to walk away from the purchase of a Russian missile defense system, calling it a “very serious challenge” to bilateral ties, even though he described a meeting between the two leaders as “wonderful"...

259. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

260. Coca-Cola Hellenic buys out Acque Minerali

Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy’s Acque Minerali, which is active in the domain of bottled water and refreshments. ...

261. Greece and the US: Commitments and credibility

The signals coming from the two centers of power in the United States, the president and Congress, are often conflicting, which makes it hard for Athens to carve out an effectual foreign policy. This conundrum is set to continue throughout the Trump administration...

262. Ayia Napa C2 holds grand opening

The Ayia Napa satellite casino is having its grand opening on Wednesday right in the heart of the resort town...

263. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

264. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

265. 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. ...

266. Athens back among top 10 shipping hubs

The Greek capital’s shipping cluster is back among the top 10 global metropolitan centers, the annual report by the Baltic Exchange shows, though this was not thanks to shipping activity in Athens and Piraeus, but due to the development of the Port of Piraeus after its acquisition by China’s Cosco...

267. Deutsche Bank axes 18,000 jobs

268. Turkish sub shows up in the north

The Turkish submarine “Gur” is anchored at Kyrenia port in the north, with media drawing on reports in connection with drilling activities in the eastern Mediterranean...

269. Bloomberg: Turkey stockpiles weapon parts in anticipation of US sanctions

Turkey has been stockpiling parts for F-16 fighter jets and other military hardware in anticipation of American sanctions, Bloomberg has reported, citing two Turkish officials familiar with their country’s defense strategy. ...

270. US Senate votes to lift Cyprus arms embargo

The US Senate on Thursday voted to lift a decades-old arms embargo against Cyprus and to cut Turkey off the American F-35 fighter jet program if it proceeds with the acquisition of the Russian S-400 missile defense system...