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871. Monaco Telecom takes over MTN Cyprus

Monaco Telecom is taking over MTN Cyprus in a €260 million deal that will set a new course for the Cypriot provider as a powerful member of its new European family...

872. President thanks parliamentary caucus for Sunday votes

President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...

873. Ayia Napa marina fully ready in July 2019

It won’t be until end of 2021 when the twin towers in Ayia Napa will be completed, but boats and private yachts will be able to dock at the marina by next summer, giving the area a head start in the game...

874. House approves state guarantees in co-op deal

The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...

875. House shifts into gear with Sunday bad loans session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

876. AG names investigators to comb though co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

877. Holiday Inn Nicosia under new ownership

Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...

878. Take-away lessons from 'Cyprus in the digital agenda'

Cyprus is turning the page in the digital age era but there are still many steps in the path forward. This appears to be the general conclusion from Thursday’s conference on "Cyprus in the Digital Agenda" organised by Kathimerini newspaper and the SPP MEDIA Group...

879. Cyprus to crackdown on shell companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

880. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

881. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

882. Turkish plane over Nicosia sends chills

Local residents in Nicosia were alarmed Sunday afternoon when a Turkish airplane was seen circling over the capital city without landing...

883. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

884. Police carry out overnight sweep in Limassol

A new large-scale sweep operation took place Wednesday night in Limassol district, with over 100 police officers conducting multiple searches and making arrests as part of an ongoing effort to combat organised crime...

885. Government and Co-op begin consultations with bidders

886. Cyprus Airways takes delivery of second Airbus

Larnaca-based Cyprus Airways has taken delivery of its second Airbus A319...

887. Total wants to expand Cyprus oil and gas search

French energy giant Total wants to expand its search for oil and gas off the east Mediterranean coast of Cyprus, a senior company official said on Monday...

888. Cyprus energy search – averting a US-Turkey crisis

Cyprus continues to proceed with offshore oil and gas projects despite Turkey's opposition...

889. Lidl fined €80,000 for false advertising

Cypriot authorities fined Lidl supermarkets €80,000 for misleading advertising, citing unfair commercial practices following complaints submitted by consumers...

890. Ayia Napa mayor wants to bring the noise down

Ayia Napa mayor Yiannis Karousos, who has made a name for himself for trying to turn away ‘low-quality young tourists’ in his town, is asking for a noise pollution law to be repealed so that nightclubs could be fined for playing music too loud...

891. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

892. Europe urges US not to block it from sticking to Iran deal

Britain, Germany and France urged the United States not to take steps that would make life harder for other countries that still want to stick to the Iran nuclear deal that US President Donald Trump has spurned...

893. Cyprus and Israel need gas-sharing deal to tap East Med riches

An ownership squabble over Cyprus' main natural gas field is threatening to delay multi-billion dollar plans to turn the eastern Mediterranean into a major energy hub...

894. Don’t get caught up in the East Med energy hype

It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...

895. Construction of Ayia Napa marina enters second phase

The construction of the Ayia Napa Marina recently entered its second phase, as a recent video allows viewers to imagine how this magnificent project could raise the game for local business and tourism on the island. ...

896. Nicosia protests violations of airspace and territorial waters by Turkey

Turkey continues to systematically harass civilian and military aircraft within the Nicosia flight information region (FIR) via radio calls...

897. London believes Cyprus peace process should start sooner than later

British High Commissioner says "whatever is going to happen should start to happen quickly because after such a long delay since last summer and with other things that are happening, the world is not waiting"...

898. Passenger killed when engine explodes on Southwest Airlines US flight

The death of 43-year-old Jennifer Riordan on Flight 1380 was the first in a US commercial aviation accident since 2009...

899. Five arrested in Paphos illegal work bust

Police raided a business establishment in Paphos Tuesday, arresting five individuals and issuing fines on the spot during an operation to combat illegal employment....

900. Celebrating Israel’s 70th Independence Day in Cyprus

The significant natural gas reserves in the Eastern Mediterranean offer much potential for joint ventures and commercial growth...