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721. Tax alert: Cyprus

722. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

723. Three new endangered monk seals born in Cyprus

Three new births of the Mediterranean monk seal species (Monachus monachus), one of the most endangered mammals in the world and the only seal species in the Mediterranean, were recorded last year, the Agricultural Ministry announced on Friday....

724. European Parliament says goodbye to UK

The European Parliament has given its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday...

725. Iran escalation continues after midnight tweet

US President Donald Trump on Saturday threatened to hit 52 Iranian sites “very hard” if Iran attacks Americans or US assets after a drone strike that killed Iranian military commander Qassem Soleimani, as tens of thousands of people marched in Iraq to mourn their deaths...

726. Cypriot FM works the phones over Libya

Cyprus Foreign Minister Nikos Christodoulides has been working the phones Thursday and Friday, discussing with counterparts of other nations the situation in Libya and a need to avoid illegal actions...

727. Athens says Ankara 'playing with fire'

Athens says Turkish President Recep Tayyip Erdogan is “playing with fire” as he seeks parliament approval to send military troops into Libya, following a formal request from Tripoli...

728. Senate-approved EastMed on Trump’s desk

US Congress’ approval of a spending package that includes the Eastern Mediterranean Security and Energy Partnership Act of 2019 signals a “new day in Greek-American relations,” said Senator Bob Menendez, one of the authors of the bipartisan legislation...

729. Erdogan points to drilling spots off Crete

In an interview on Turkish television, President Recep Tayyip Erdogan has indicated where Turkey plans to conduct research for hydrocarbons but also drilling, using a map to indicate the location east of Crete...

730. Turkish drones in the north ready for takeoff

Turkish drones were due to arrive in the northern part of Cyprus where they are expected to begin flying missions on Monday over drilling ships in search of natural resources in the eastern Mediterranean...

731. House passes 2020 budget

The House of Representatives voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against...

732. Friday the 13th to sort it all out

Britain will hold its first December election in almost a century after Prime Minister Boris Johnson won approval from parliament on Tuesday for an early ballot aimed at breaking the Brexit deadlock...

733. Sassoli says EP calmly waiting on UK

The European Parliament will vote on Brexit only after the agreement’s ratification by the UK Parliament, the Conference of the President of the political groups decided on Monday...

734. Brexit deal faces Saturday showdown

European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure the UK parliament’s backing for the agreement if he is to take Britain out of Europe on October 31...

735. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...

736. Last straw as Johnson heads to Brussels

European Union leaders’ two-day summit in Brussels starting on Thursday will be dominated by last-gasp efforts to seal a deal on Britain’s exit from the bloc despite a raft of other pressing issues, from the crisis in the Middle East to the bloc’s budget...

737. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

738. Ayia Napa rape accuser free on bail

The British young woman accused of making false statements in a rape complaint in Ayia Napa will be free on bail this week, while her legal team is expected to include high-powered British attorneys...

739. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

740. Nicosia grants approval to ENI, Total to drill in Block 7

Nicosia has granted approval to the energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved nine other drilling operations within the EEZ over the next two years...

741. The new government, image and symbolism

The first indications from the new government are sending out all the right signals. Tuesday’s handover ceremonies at the ministries confirmed a return to normalcy, after a decade-long crisis that painfully divided the country. Both sides should be given credit for the civilized political discourse that prevailed during the change of guard. It is hoped that this spirit will continue during the debates that are expected to take place in Parliament, not only in the sense of a more sophisticated rhetoric, but also, hopefully, in the approval of some government bills by the new main opposition....

742. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...

743. EU considers German, Belgian ministers for posts

European Union leaders are considering a list of top job candidates that would have German Defense Minister Ursula von der Leyen become president of the executive European Commission and Belgian Prime Minister Charles Michel the head of the European Council....

744. 'These will not be soft measures' says Juncker

745. French CNP buys BOC stake in Cyprus subsidiary for $97.5 million

746. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

747. Cyprus 'one of the success stories of ESM'

748. May's job in peril as Brits head to polls

749. Barnier: The options are deal, no deal or no Brexit

750. Bank of Cyprus posts profit amid CEO departure