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1111. Uncertainty reigns across international tax landscape

1112. 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. ...

1113. 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...

1114. Cyprus foreign minister in Washington

Cyprus Minister of Foreign Affairs Nikos Christodoulides is on a working visit to Washington, where he will also meet with Secretary of State Mike Pompeo on Monday...

1115. 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....

1116. World’s last divided capital

As the world commemorates 30 years since the fall of the Berlin Wall, the bullet-riddled sandstone walls of abandoned, crumbling homes and concrete machine gun nests dotting Cyprus' no man's land serve as a jarring reminder of another divided capital — the world's last — on Europe's southeastern frontier...

1117. Cyprus signs deal for offshore gas concession

Cyprus and the Aphrodite consortium on Thursday signed an exploitation license and a revised production sharing contract, aiming to start natural gas production in 2025, generating projected revenues of $9.3 billion for a period of eighteen years ...

1118. Protection rackets behind Engomi shooting

Police are still looking for a main suspect in the Engomi shooting, while reports suggest the incident took place amid disputes over protection rackets...

1119. Nicosia school riled up over father’s threats

A male student at a vocational school in Nicosia has told police that the president of the Parents Association issued threats against him over comments the teen made about the man's daughter...

1120. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

1121. 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...

1122. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

1123. Four locked up after Solomou incident

Four people were arrested following a violent incident in downtown Nicosia on Monday, involving a bus driver, his son and two passengers ...

1124. Greek Cypriots pay homage to Ohi Day

Many Ohi Day celebrations went ahead on Monday in the Republic of Cyprus amid public confusion, following last-minute cancellations of school parades on the advice of weather officials...

1125. Police urge drivers to stay off the roads

Severe weather continued on Sunday with Nicosia streets being flooded again as the capital was being pounded by heavy storms, strong winds, and hail in the later afternoon...

1126. Inbound plane diverts due to weather

A flight from Skopje was diverted to Paphos on Wednesday evening to weather the storm on the tarmac as a thunderstorm was passing through over Larnaca skies...

1127. Anti-Brexit protesters descend on London

Anti-Brexit protesters on Saturday used a bizarre array of humor to lampoon Britain’s leaders, casting Prime Minister Boris Johnson’s chief adviser as a manipulating devil behind a divorce that was the work of a privileged few...

1128. Biker dies following rural Nicosia crash

A biker was killed on Sunday afternoon, hours after slamming into a car in rural Nicosia, with his female passenger surviving the crash and police trying to determine the cause of the accident...

1129. Cypriot president: Turkish offensive ‘unjustified’

President Nicos Anastasiades has described the Turkish military offensive in Syria as “unlawful and arbitrary"...

1130. Cairo summit underway

A summit held between Cyprus, Greece, and Egypt was taking place Tuesday in Cairo, with President Anastasiades drawing attention to international law amidst challenges posed by Turkish drilling off the island’s southern coast...

1131. Cyprus fiscal surplus at 4.3% of GDP

Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. ...

1132. 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. ...

1133. Nicosia areas without water due to repair

Many areas in the capital will be left without water on Friday due to repair work on the water main in Strovolos, the second big challenge for Nicosia crews this year...

1134. 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?...

1135. Patient accuses nurse of racist behaviour

A woman from North Macedonia says the behaviour of nurses at a medical centre in Nicosia was racist due to the patient’s place of origin...

1136. Mitsotakis in New York – opportunities, substance, results

This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings. ...

1137. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

1138. Nicosia inmate caught with four ‘bumphones’

A local inmate doing time at Nicosia’s Central Prisons was caught with four phones hidden in his rectum as he was being transferred back to his cell...

1139. 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. ...

1140. Anastasiades: Turkey’s aim for control scuppers peace

Turkey is undercutting efforts to quickly revive peace talks aimed at solving Cyprus’ decades-long ethnic split by imposing unacceptable terms, the island nation’s president said Tuesday...