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751. Cypriot-Israeli dispute out in the open

The Republic of Cyprus says development of Aphrodite’s natural gas reservoir will go forward as planned, after reports said a letter from Israel called on energy companies to halt operations until the two countries settled all pending issues...

752. Six arrested in fake marriage investigation

Police are investigating suspected marriage fraud following multiple arrests in Nicosia in connection with alleged fake employment contracts...

753. Residents furious over phone jamming tests

Residents near Central Prisons in Nicosia got some answers over the lack of phone signals in their neighbourhood over the weekend, with officials pointing to a cell phone jammer that was simply too strong...

754. 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 ...

755. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

756. 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....

757. US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast of Paphos. It confirms the difficulties faced by the two Turkish drilling rigs that are related to the reluctance of major firms to cooperate with Turkey in the supply of materials for research and extraction of hydrocarbons. ...

758. 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. ...

759. 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: ...

760. 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...

761. 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. ...

762. More US energy companies to operate in Cyprus, US Ambassador says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

763. Paphos worker succumbs to injuries

A 63-year-old man succumbed to his injuries on Saturday, almost two days after he was found seriously injured inside a building under construction in Paphos...

764. Man critical after incident on the job

A building contractor is in critical condition at Paphos General Hospital after his wife found him injured at the construction site...

765. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

766. 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. ...

767. Two new recycling and composting programmes in Limassol

Limassol Municipality is going ahead with the implementation of two new recycling and composting programmes aiming to properly manage waste by reducing, reusing and recycling it. ...

768. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

769. ONE redefines Limassol skyline

A new time-lapse video online shows a glimpse of the ongoing construction of ONE, one of Limassol’s skyscrapers reshaping the southern resort town’s skyline...

770. EY: Renewable energy is taking strides towards a subsidy-free era

The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions...

771. Neo Plaza construction up for grabs

Companies from Greece and Cyprus are showing interest in building Neo Plaza, a price-slashing outlet mall in west Nicosia...

772. 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...

773. Two arrested in food stamp scam in Larnaca

A civil servant and another person were remanded in custody on Thursday, in connection with a suspected scam over food stamps and rent vouchers destined for foreign low-income beneficiaries...

774. Two women at the top of EU decision making

Under the deal, Ursula von der Leyen, a close ally of German Chancellor Angela Merkel, will replace Jean-Claude Juncker as president of the European Commission, the EU’s executive arm...

775. Russian woman drowns in Paphos

A Russian woman died following a drowning incident in Paphos on Tuesday, near a local beach that was recently declared safe with reports saying she was swimming outisde the designated area...

776. Job scammer gets seven years

A Tunisian man who has been sentenced to seven years on fraud-related charges after he was found guilty of conning 267 people by making empty job promises in France...

777. Crew tests lights at Eleftheria Square

A crew working on the Eleftheria Square project in downtown Nicosia performed lighting tests on Wednesday night, with reports saying the overall project is moving ahead at a quick pace...

778. Unions spell out rules on sexual harassment

Three unions have signed a code of conduct on sexual harassment in the workplace, in an effort to include very detailed Do's and Don'ts in employment contracts...

779.  Aphrodite revenue sharing at 57.1% - 42.9%

780. Cyprus strikes deal with Noble, Shell and Delek