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1021. Nicosia on the defense over ill-timed Israeli drill

Cypriot diplomats were on the defensive this week after a joint military exercise with Israel sent jitters in the region, with Nicosia finding itself in a predicament with Tehran and Beirut as well as usual suspect Turkey...

1022. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....

1023. Nicosia in waiting game for LNG supply and distribution

In her speech in Davos on Tuesday in front of an audience of businessmen and political leaders, EC President Ursula von der Leyen appeared to put Cyprus on center stage for the supply of liquefied natural gas (LNG) for the European Union, announcing that "soon" LNG terminals will operate in Greece, Cyprus and Poland....

1024. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

1025. European unity tested as talks on Russian oil embargo drag on

Europe's united front against Moscow is being put to the test as countries struggle to agree on a ban on Russian oil imports....

1026. Glamping is on the rise, and hostels are coming soon

In January 2020, Airbnb's were officially allowed to operate in Cyprus, giving tourists an alternate mode of accommodation on the island in addition to hotels and hotel apartments....

1027. Cyprus ready for monkeypox outbreak

Cyprus’ Health Ministry on Friday announced it has prepared protocols for monkeypox after the rising numbers of infections globally, since the beginning of May....

1028. US seeking closer Greece ties to contain Turkey, analyst says

Turkey’s growing leverage as a regional power in the wake of Russia’s invasion of Ukraine has prompted the United States to strengthen ties with Greece as a means of containing Turkey, a local expert told state-run Anadolu agency in an analysis published on Friday....

1029. Op-ed: Greece informs its allies and partners; Erdogan is irked

Recep Tayyip Erdogan expressed annoyance at “third parties” becoming involved in Greek-Turkish affairs. ...

1030. Turkey 'not bluffing' over Greek islands

Greece must withdraw its military from the Aegean islands or Turkey “will take matters further,” Foreign Minister Mevlut Cavusoglu warned on Thursday, adding that Ankara is prepared to challenge their sovereignty....

1031. EU's von der Leyen: LNG in Cyprus and Greece

European Commission President Ursula von der Leyen's speech at the World Economic Forum in Davos and what she said about the energy sources of the Old Continent is essentially the first step in the role that the Eastern Mediterranean and its reservoirs can play in the EU's efforts to cut its dependence on Russian hydrocarbons....

1032. Erdogan says he will no longer talk to Greek PM

Turkish President Recep Tayyip Erdogan said Monday he would cease talking to Greek Prime Minister Kyriakos Mitsotakis and cancel a key meeting between their two governments, accusing the Greek leader of antagonizing Turkey....

1033. USA: Congress reacting to Turkish veto of Finland and Sweden joining NATO

US senators have questioned Turkey's credibility as a US ally, following Ankara's refusal to support Finland and Sweden in joining NATO....

1034. Bank of Cyprus to reduce its employees by 500 in 2022

1035. Ukrainian wounded fighters evacuate Azovstal

Both Kiev and Moscow have confirmed the evacuation of wounded Ukrainian troops from the Azovstal steel plant, following critical hours on Monday when a regime of silence had been imposed for the humanitarian corridor to be used...

1036. Chinese embassy in Cyprus speaks out on extradition

The Chinese embassy in Cyprus has responded to reports in local media that accused Beijing of using scare tactics on the island to get a suspect extradited, with an official statement pointing to fake news and offering a different side to the story...

1037. Greece wants US military presence in the north of the country

Athens wants an American military presence in Greece – and in the north of the country in particular – because this serves the national interest, Foreign Minister Nikos Dendias told lawmakers on Tuesday....

1038. Euthanasia: Six out of ten surveyed in Cyprus agree with legalization

The issue of euthanasia and the need for information and social dialogue in Cyprus were discussed on Monday at a meeting of the Parliamentary Committee on Human Rights....

1039. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

1040. 'A historic day': British bases lifts restrictions on civilian property development

Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....

1041. Nouris discusses illegal immigration and occupation with Czech MP's

Illegal immigration and the war in Ukraine were the focus of a meeting held on Thursday between Minister of Interior Nicos Nouris and Chairman of the Czech Parliamentary Committee on European Affairs, Ondřej Benešík, who was heading a delegation of Czech MPs and members of the Committee....

1042. First ever publicly financed equity fund will benefit Cyprus startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

1043. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

1044. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

1045. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

1046. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

1047. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

1048. SBA land run rules in foreign investors

More opportunities and fewer restrictions for land development on SBA land went into effect on Monday in Cyprus, where foreign nationals will be allowed to invest along with locals who now have to review details and move quickly with any possible objections...

1049. Cyprus doubles down on immigration policy

The government in the Republic of Cyprus has renewed its response to migration flows to the island, tasking authorities and lawmakers with tightening measures in a number of areas...

1050. A deal ‘everybody will hate’ to end the war in Ukraine

The most likely solution that will bring an end to the war in Ukraine is an agreement that “everybody will hate,” James Stavridis, NATO’s Greek-American former commander for Europe tells Kathimerini....