Search

1741. 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. ...

1742. Anastasiades: We accept political equality

In this context and following a call from the Secretary General for an agreed basis for the resumption of negotiations, there is an understanding by the leaders of the two communities that the relevant “Terms of Reference” should comprise the following elements: ...

1743. A first step in an effort to reset Greek-Turkish relations

The Greek government reportedly sees Wednesday’s first meeting between Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan on the sidelines of the United Nations Climate Change Summit in New York as a first step in the effort to reset Greek-Turkish relations. ...

1744. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

1745. Turkey disregards international law says Cyprus MFA

In response to the Statement of the Spokesperson of the Ministry of Foreign Affairs of Turkey (19/09/2019) concerning the hydrocarbon–related activities of the Republic of Cyprus in its exclusive economic zone (EEZ) /continental shelf, the Ministry of Foreign Affairs of the Republic of Cyprus notes: ...

1746. Looking for true followers

Surely it is time for Greece’s most affluent citizens to step up, not out of self-interest, but in order to help the country through this critical time. As it starts to recover from bankruptcy, the country finds itself with scant resources and huge needs in key areas. Virtually all sectors – including defense, health, education and culture – have been seriously impacted by successive waves of budget cuts, a situation that has been aggravated by the failure of Greek politicians to implement bold measures. ...

1747. Rights of Cypriot nationals secured after Brexit

The visit by the Secretary of State for Brexit Stephen Barclay to Cyprus on Wednesday is part of the UK Government’s engagement with EU member states “as the UK seeks to reach a deal with the backstop removed,” a DExEU spokesperson told the Cyprus News Agency in London...

1748. Trump files bimonthly report on Cyprus

US President Donald Trump has submitted to the Members of the Congress his Bi-monthly Congressional Report on progress toward a negotiated solution of the Cyprus question covering February through March 2019...

1749. 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...

1750. Locals stage protest on Lara beach

A protest in favour of local exploitation of Lara beach was held on Sunday in response to activists and state officials who recently reiterated that illegal human activity on turtle nesting sites will not be tolerated...

1751. Minister offers way out of turtle nesting debacle

Agriculture Minister Costas Kadis says he is ready to work with experts and communities in protecting sea turtle nesting areas in such a way that local residents could also benefit...

1752. Common interest for talks but disagreements remain

President Anastasiades said that there is a positive climate and a common basis on which the talks for a Cyprus settlement can take place, noting, at the same time, that disagreements on serious issues remain, but there is an agreement that differences cannot be bridged without dialogue. ...

1753. Interview with Endy Zemenides

Ever since Joe Biden declared that Cyprus was a “strategic partner” of the United States, people have been trying to identify substance behind those words. There has been a similar search of what “best relations ever” between the U.S. and Greece means...

1754. Greece 2021

Milestones often present opportunities and the upcoming 200-year anniversary of the start of the Greek War of Independence in 1821 could serve as an opportunity for a new beginning...

1755. Akar says effort to scrap guarantees on Cyprus 'futile'

Turkish Defense Minister Hulusi Akar has reportedly reiterated Ankara’s rejection of calls by Cyprus and Greece for a scrapping of the system of guarantees that were established when the island gained independence from Britain in 1960. ...

1756. 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. ...

1757. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

1758. Anastasiades responds to Akinci’s hydrocarbons proposal

In a letter to UN Secretary General Antonio Guterres President Anastasiades responded to a proposal by Turkish Cypriot leader Mustafa Akinci regarding the co-management of natural gas affairs. ...

1759. Early signs of civility and consensus

Despite some natural degree of skirmishing and isolated criticism, rays of civility, consensus and cooperation are breaking out across the Greek political landscape. ...

1760. Deadly mega-fires bring new challenge to Europe

The European Union describes wildfires as “a serious and increasing threat” across the continent....

1761. Cyprus, diplomacy and the dizzying gas effect

The spin on political developments in Cyprus has had a dizzying effect on the public but state institutions seem unshaken...

1762. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...

1763. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

1764. Turkey rejects EU sanctions, vows to continue drilling

EU Foreign affairs ministers who met in Brussels on Monday endorsed a decision to curb diplomatic contacts and funding for Turkey. In response the Turkish MFA issued a statement signalling that the conclusions adopted by the EU Foreign Affairs Council ‘’will in no way affect Turkey's determination to continue its hydrocarbon activities in the Eastern Mediterranean’’...

1765. New law criminalizes sex buyer behaviour

The House has passed a law criminalizing customers who pay for sex with trafficked women, while it rejected an amendment that would provide a legal recourse for defendants who use a plea of ignorance as their defence...

1766. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

1767. Cyprus aims to be among the first to regulate blockchain technology

Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...

1768. ND surges to power, promising change

1769. Apple Pay now available to Bank of Cyprus customers

1770. Belt and Road Initiative different from make oneself great again slogans says Chinese Ambassador