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1591. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

1592. Italy declares state of emergency

To deal with the recent influx of migrants arriving on the southern shores of Italy, the country's right-wing government has announced a six-month nationwide state of emergency....

1593. Rome reportedly okays Lukoil sale to Cypriot firm

Italy gave conditional approval on Tuesday to the sale of the Lukoil-owned refinery in Sicily to Cypriot private equity firm GOI Energy, people familiar with the matter told Reuters...

1594. EU calls on aspiring journalists to train in Brussels

The European Commission has announced that it has launched a call for journalism students and young journalists to participate in Youth4Regions, an EU program for budding journalists that includes a week of training in Brussels....

1595. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

1596. U.S. scrambles to reassure allies after Ukraine intel leak

Senior U.S. officials are scrambling to address concerns and questions from allies in Europe, the Middle East, and Ukraine following the leak of highly classified information about the war in Ukraine and other global issues. ...

1597. Cypriots aren't shying away from trendy Easter getaways

Cypriots seem to have resumed their travels vigorously, with many of our fellow citizens opting for long getaways for the Easter holidays. Speaking to K, Acta's spokesman, Harris Papacharalambous, said that demand is at pre-coronavirus levels for both inbound and outbound travel....

1598. Nicosia says US army links not against Turkish Cypriots

Greek Cypriots are rejecting Turkish Cypriot claims that American actions disrupt balance on the divided island, following the recent docking of a US attack submarine in Limassol, with Nicosia accusing the north of regurgitating Ankara’s longstanding criticism...

1599. Leaked Pentagon docs prompt ally denials

A large cache of what appear to be classified Pentagon documents circulating on social media channels is becoming a growing source of anxiety for US intelligence agencies, as numerous allies have been forced into denials over the purported leaks....

1600. North unhappy after US sub anchors in Limassol

Ankara and the Turkish Cypriot leadership repeated warnings over the weekend about Washington 'disrupting the balance' on the divided island, with their latest criticism targeting a deployed US attack submarine that anchored in Limassol...

1601. Protecting EU borders: The rise of border walls against third country migrants

The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....

1602. Ukrainian defense minister hurries down to Cyprus

Ukrainian Defense Minister Oleksii Reznikov visited Cyprus on Friday amid reports that a recent EU plan to send ammunition to Kiev was being held up in some European capitals including Athens and Nicosia...

1603. Over 7,000 volunteers contribute to groundbreaking genetic research in Cyprus

Over seven thousand volunteers in Cyprus have so far provided a sample of their genetic material to the Biobank, Professor of Medicine and Molecular Genetics at the Medical School of the University of Cyprus and Director of the Center of Excellence for Biobanking and Biomedical Research, Constantinos Deltas, has told the Cyprus News Agency....

1604. Cyprus’ Armenian rep calls on more countries to recognize

The Armenian religious representative in the Cypriot parliament told lawmakers on Thursday that the island’s support to his people has been 'invaluable' over the years, with the House observing a moment of silence for victims of the persecuted group during WWI...

1605. Macron's mission in China: Convincing Xi on Ukraine

1606. What is the future for banks?

Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....

1607. French furious over retirement age increase of 2 years

Hundreds of thousands of people are expected to fill the streets of France Thursday for the 11th day of nationwide resistance to a government proposal to raise the retirement age from 62 to 64. The furious public reaction to the plan has cornered and weakened French President Emmanuel Macron....

1608. Cypriot President wraps up Cairo visit

Cyprus President, Nikos Christodoulides, concludes on Thursday his visit to Egypt, with a meeting with the Arab League Secretary General, Ahmed Aboul Gheit, at the League's seat. After the meeting Christodoulides will depart for Cyprus...

1609. President says petty politics not behind IMO decision

Political criticism in Nicosia over not backing an ex-minister to lead a UN international shipping agency continues to dominate headlines this week, with President Nikos Christodoulides rejecting allegations that a lack of support was out of spite due to presidential election preferences...

1610. Nikos Christodoulidis meets with President Sisi in Cairo

Cyprus’ President, Nikos Christodoulides, arrived in Cairo on Wednesday for a two-day visit, while later in the day he is to hold talks with his Egyptian counterpart, Abdel Fattah El-Sisi....

1611. Easter holiday boosts air travel in Cyprus by 26%

April will kick off the summer tourist season with satisfactory arrivals and hotel occupancies for the Easter period. Since last week, demand for travel has started to rise from foreign tourists, ...

1612. Lack of legal protection in EU adoptions

Intercountry adoption is the adoption of a child habitually resident in one state by parents habitually resident in another state, as defined in Article 2 of the 1993 Hague Convention, which ensures cross-border recognition of adoptions. However, in practice, additional procedures are required for its recognition in certain States, including EU Member States....

1613. Investors flock to 'green' bonds as a secure investment

1614. Greek minister on rare visit to Turkey as tensions ease

NATO members Turkey and Greece can resolve their disputes through peaceful means and dialogue, Turkey’s defense minister said after talks with his Greek counterpart Tuesday, in the latest sign of easing tensions between the rival neighbors...

1615. Cypriot president visits Cairo

The Cyprus issue, ways to deepen bilateral relations in the fields of trade, economy and tourism, as well as Energy, will be the focus of a meeting on Wednesday in Cairo between President of the Republic, Nikos Christodoulides, and the President of Egypt, Abdel Fattah al-Sisi...

1616. Cyprus short-term rental bookings rebound in 2022, but still below 2019 levels

Eurostat, the statistical service of the EU, reported that during the fourth quarter of 2022 (Q4 2022), short-term rental accommodations booked through platforms like Airbnb, Booking, Expedia Group, or TripAdvisor were in high demand, with guests spending around 97 million nights in such accommodations across the EU. ...

1617. Cypriot professor Phoebe Koundouri honored for contribution to Science

On Thursday, the 23rd of March, Prof. Phoebe Koundouri was awarded the Academy of Athens Excellence in Science Award 2023 for her contribution to the advancement of the Science of the Marine Environment by the President of the Academy of Athens, Michael-Konstantinos Stathopoulos, and the Secretary-General, Christos Zerefos....

1618. Private jet flights in Europe reach record high in 2022

A recent report from Greenspace on carbon dioxide emissions from private aviation in Europe has shown that private jet flights reached an all-time high in 2022, and emissions more than doubled compared to 2021....

1619. Passports of Russian officials confiscated to prevent overseas escape

A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....

1620. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....