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871. Flying to Athens now costs more than €300

872. Exxon Mobil is placing big bets on China’s soaring liquefied natural gas demand

873. Traffic camera citations by registered mail

Drivers who commit traffic offences and are caught on camera will receive the bill in the mail, if a current proposal for a new network to be rolled out next year goes forward...

874. Bank of Cyprus plans voluntary layoffs in 2019

875. Turkish Lira rallies as central bank raises interest rates to 24%

876. Regling says Greece will remain linked to ESM

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....

877. Price caps on gasoline in some islands expected

The authorities are expected to impose a two-month price cap on fuel prices in the southern Aegean islands where unleaded gasoline has soared to almost 2 euros per liter....

878. ARIS celebrates six month anniversary

ARIS, which stands for A Really Inspiring Space, opened its doors to its first resident startups in February 2018. Last Monday, on the 6th of August, the achievements of those startups were celebrated during a summer networking event entitled “Creating Value Through Innovation, in an Ever Changing Global Environment”...

879. UK ship insurer setting up Cyprus office over Brexit

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access...

880. Cypriot says British officers raped her in 1956

More allegations are piling up in an ongoing case in the UK against British forces, who are accused of torture and even rape during the Greek Cypriot insurgency between 1955 and 1959...

881. Security Council expected to renew UNFICYP

Despite pressure to cut back on peacekeeping missions worldwide, it appears the UN Security Council will most likely vote to renew UNFICYP in Cyprus for another six months...

882. Government cuts red tape on traffic camera plans

The President’s Cabinet is cutting red tape when it comes to traffic cameras, in an effort to have a system installed sooner than later...

883. ESM warns Cypriot banks of quick fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

884. 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...

885. Passport scheme could bring ‘Dutch disease’ to Cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

886. Turkey pays Greek Cypriot damages over property in north

Turkey has paid, through the Council of Europe, a Greek Cypriot non – pecuniary damages, plus legal expenses, in addition to VAT in the order of €14,526.75 in line with a European Court of Human Rights (ECHR) judgment...

887. UK soldiers ‘horrifically tortured children’ during EOKA struggle

British soldiers allegedly tortured Greek Cypriots by stubbing cigarettes out on their rectums, simulating executions and using a metal contraption that caused eyes to bleed, High Court papers have revealed...

888. UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

889. Post-Grenfell review finds UK's building regulations system broken

A government review ordered after the Grenfell Tower fire that killed 71 people in London in June last year has found that Britain’s buildings regulation system is broken, but has stopped short of recommending an outright ban on combustible cladding...

890. Bank of England keeps powder dry on rate rise

The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...

891. Trump lawyer took money from firm linked to Russian oligarch

An attorney for porn star Stormy Daniels said that Donald Trump’s lawyer, Michael Cohen, was paid $500,000 by a company with ties to a Russian oligarch who was hit last month with US sanctions to punish Moscow for activities that included suspected meddling in the 2016 US election...

892. Average Cyprus home is bigger than anywhere in Europe

The average size of a house in Cyprus is 141.4 metres squared making it the biggest in Europe, the Statistical Service said on Tuesday....

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. Greece's new startup culture: technology and seagrass sunglasses

Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...

895. Experts says Cyprus economy to grow by 3.8% this year

The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%. ...

896. EU predicts strong growth as unemployment declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

897. Sainsbury's and Asda agree 13.3 billion pound merger

Sainsbury’s and Asda, the UK arm of Walmart, confirmed they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco...

898. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

899. Cobalt offers new business class fares

Business class travellers between Cyprus and Athens can now enjoy a lower airline fare along with great comfort thanks to Cobalt Air, which has dropped its one-way Business Class down to €149 for the summer season. ...

900. Knowing exactly what we’re doing

International experience has shown that some of the greatest tragedies were the result of bad or vague communication...