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1411. Kea opens spectacular shipwreck dive sites

Jacques-Yves Cousteau would probably have been surprised to learn that the wreck of the World War I Britannic (the sister ship of the legendary Titanic) he discovered in 1975 off southwestern Kea would be listed as an underwater historical site almost 50 years later, becoming one of a handful of such marine parks in the world. ...

1412. Emergency state doctors strike again

State emergency doctors went on strike Tuesday morning for three hours citing staff shortages and other issues, with state officials crying foul over the work stoppage and accusing union bosses of misinforming the public...

1413. High ranking UN official to undertake mission for resumption of peace talks

Assistant UN Secretary-General for Europe, Central Asia and the Americas in the United Nations Department of Political Affairs Miroslav Jenča informed President Nicos Anastasiades that he will undertake an investigative mission to create the conditions for the resumption of Cyprus peace talks, Government Spokesperson Marios Pelekanos said on Friday....

1414. Anastasiades and Erdogan exchanged views on the Cyprus issue

The President of the Republic Mr. Nicos Anastasiadis participated in the Euro-Atlantic working dinner hosted in Madrid on Wednesday night by the Prime Minister of Spain Mr. Pedro Sanchez....

1415. Consumer confidence in the economy deteriorates in June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....

1416. Commando very critical after helicopter jump

A paratrooper in the Republic of Cyprus is on life support following an accident at sea, with the defense ministry calling for an investigation after reports suggested the private jumped incorrectly from a helicopter into water...

1417. Borrell calls on Turkish side to study CBMs proposed by Cyprus President

EU High Representative Josep Borrell has conveyed to the Turkish Foreign Minister the position that the Confidence Building Measures (CBMs) proposed by Cyprus President, Nicos Anastasiades, can strengthen the efforts for the settlement of the Cyprus problem and lead to the resumption of the negotiation process, Government Spokesperson Marios Pelekanos said on Friday....

1418. Deputy Ministry of Climate being mulled over

The Cyprus Economy and Competitiveness Council is proposing the creation of a Deputy Ministry for Climate, as part of its suggestions for Green Development – Energy....

1419. Another horse dies in agony at Nicosia track

The Animal Party Cyprus is calling out the state’s veterinary department after a horse that was bleeding from the nose was left to die at Nicosia’s race track...

1420. Petrides: A new era of uncertainty

Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....

1421. Europe must be prepared for total Russian gas cut-off this winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

1422. Businesses will be allowed VAT deferment without penalties

The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus....

1423. 20 years of the Cayenne: The ‘third Porsche’ – an extraordinary success story

Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...

1424. What is Turkey up to?

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

1425. Father in despair after son’s mystery accident

The father of a British visitor, who went on life support in Cyprus following an unexplained road incident, is raising questions over a police investigation into his son’s motorcycle accident last week...

1426. Guterres: 'More direct contact between the two communities is needed'

UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....

1427. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

1428. Ukraine takes first steps to EU membership

The European Commission has backed Ukraine and Moldova to become candidates for EU membership....

1429. Macron, Scholz, Draghi in Kyiv on historic visit

French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv Thursday morning, visiting the Ukrainian capital for the first time since the beginning of Russia’s invasion in a historic joint trip....

1430. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

1431. Immigrant arrivals will more than double in 2022

The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....

1432. No drama diplomat announces candidacy

Greek Cypriot chief negotiator Andreas Mavroyiannis announced his candidacy for president in next year’s election in the Republic of Cyprus, saying corruption will remain rampant unless the country is reunited once again into a 'proper state'...

1433. Five year plan to install AC units at schools underway

A five-year, 100 million euro program to install air conditioning units at schools was announced yesterday by Education, Culture, and Sports Minister Prodromos Prodromou....

1434. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

1435. Man on life support after mystery accident

A British tourist found critically injured underneath a motorcycle in Paralimni has been unable to tell officers what happened, with police investigating a possible collision but not ruling out anything else...

1436. New diabetes drug helps people lose weight

A weekly dose of a medication recently approved by the US Food and Drug Administration to treat type 2 diabetes may help adults without diabetes lose weight as well, a new study found....

1437. Turkey's lack of progress will delay accession talks with the EU

The European Parliament cannot envisage a resumption of negotiations for the accession of Turkey into the EU without clear and significant progress in the field of rule of law and fundamental rights, ...

1438. EU strikes deal on adequate minimum wage in member states

With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....

1439. 'Turkey continues to distort reality to create regional tension'

The Cypriot Ministry of Foreign Affairs said on Monday Turkey is escalating rhetoric and distorting reality with a view to creating tensions in the region....

1440. Global IPO market experiences significant slowdown in Q1 2022