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1711. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

1712. Thomas Cook goes bust

The world’s oldest travel firm Thomas Cook collapsed on Monday, leaving hundreds of thousands of holidaymakers stranded around the world including Cyprus ...

1713. 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. ...

1714. Four New Partners at Harris Kyriakides LLC

Harris Kyriakides LLC announces four new partners in the company. As of the 1st of September 2019 the new partners are Andreas Anagnostou, Myria Loizou, Georgia Karamalli and Nicolas Kyriakides. ...

1715. Coca-Cola Hellenic buys out Acque Minerali

Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy’s Acque Minerali, which is active in the domain of bottled water and refreshments. ...

1716. North to get security cameras next year

A Turkish company is set to deliver hundreds of security cameras in the north next year, while a tender process for speed cameras in the south is concluding Friday with the aim of installing the first batch in late 2020...

1717. The next six months are crucial

Since July’s general election, there has been a sense of optimism regarding the country’s course, especially in business circles, inside and outside of Greece. As we learn in the first lessons in economics, climate is everything. At the moment, we have a winning combination of trust and euphoria...

1718. Oil surges after attack on Saudi oil facilities

Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. ...

1719. US ambassador cautions Nicosia over 5G

Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...

1720. New details emerge in Zenobia incident

The owner of the Zenobia wreck says it had nothing to do with Tuesday’s diving incident, adding that they previously turned to authorities alleging anarchy and lawlessness at the underwater site...

1721. German giant acquires Foody

Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...

1722. Waters’ summer mission reaches Cyprus

California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...

1723. Standstill over 'disputed waters' in Akamas

A recent boating incident has highlighted a local controversy in Akamas, where a leisure boat captain is at odds with visitors and authorities over his speedboats pulling too close to bathers...

1724. Brussels piles on pressure over Greece-Cyprus-Israel electricity cable

Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable...

1725. Ayia Napa rape accuser’s lawyer fires back

The lawyer of a British teen, who is accused of making false statements to police in a rape complaint in Ayia Napa, says his client is a victim of revenge porn and wants to know who leaked a gangbang sex video...

1726. Greece's Energean snaps up four new Israeli offshore licenses

Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday...

1727. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...

1728. Ayia Napa C2 holds grand opening

The Ayia Napa satellite casino is having its grand opening on Wednesday right in the heart of the resort town...

1729. Cyprus Tax Webcast, July 2019

1730. The first visits to Washington and Jerusalem

It’s only three weeks since Nikos Dendias took over the foreign affairs portfolio, but he has already sent a pretty clear signal regarding the new government’s foreign policy priorities...

1731. Carbo One and Cyprus NOC presented their partnership in the run-up to the Olympics

Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through. ...

1732. Britain begins escorting all UK vessels through Hormuz Strait

Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. ...

1733. IKEA branches out to Limassol

IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...

1734. Digital Agenda Summit: Brian McBride, ASOS Chairman and CEO of Amazon UK

Brian McBride is one of Britain’s foremost digital business leaders. For six years he served as Chairman of ASOS, the leading online fashion retailer. He is also Senior Non-Executive Director at electrical retailer AO.com and is Senior Adviser with Scottish Equity Partners. Outside his commercial interests he’s also a member of the Government’s Digital Advisory Board, which steers the digital delivery of Government services to the public. ...

1735. Firms including MOL, Osaka, Gaslog, chosen in Cyprus FSRU LNG tender

Three joint ventures have been selected by Cyprus in the first stage of a tender to provide a floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG)...

1736. 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. ...

1737. 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. ...

1738. Playing with Bricks 4 Kidz® at Nicosia Mall

An incredibly fun activity is on offer at Nicosia Mall, for every kid who loves imagination and creativity from July 8 to August 11, from 3:00 to 7:00 in the afternoon. ...

1739. Nicosia to reject Turkish natural gas proposal

A proposal by Turkish Cypriot leader Mustafa Akinci for a committee that would jointly administer natural gas affairs is expected to be rejected by the government and party leaders when they meet on Tuesday...

1740. No preliminary agreement on EU sanctions on Turkey

According to a diplomatic source that informed the press in Brussels the discussion on EU sanctions against Turkey will continue Thursday afternoon, as today there was no agreement...