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1291. Defense pokes holes in Cyprus' Azeri case

Half of the detained suspects in the Azeri case in Cyprus have been released from custody after their attorney argued that circumstantial evidence was insufficient to warrant their pre-trial detention and pointed to little chance of conviction...

1292. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

1293. More foreign banks come to Athens

Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...

1294. Moves to make banking faster

As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Mr. Konstantinos Herodotou,...

1295. Bank of Cyprus fined 790,000 euros

The Central Bank of Cyprus said it has imposed a fine amounting to €790,000 to Bank of Cyprus, the island’s largest lender over failure to comply with τhe anti-money laundering law and the CBC directive....

1296. End of an era: Merkel bows out after 16 years

Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...

1297. NETFLIX presenter locked up in Nicosia

Wrongfully convicted Raphael Rowe, the presenter in NETFLIX series ‘Inside the World’s Toughest Prisons’ has made it to Cyprus, where he is to be locked up for a week in Nicosia Central Prisons without a trial...

1298. Scope of search widens for two missing Russian women

Police are searching for a person of interest in the case of two missing females from Russia, with a detained suspect insisting he drove the women back home and investigators searching the forest after not having ruled out murder...

1299. Sleeping Beauty returns to the Satiriko Theater in Nicosia

A classic and beloved fairy tale "Sleeping Beauty" returns for a few performances at the Children's Stage of the Satirical Theater....

1300. London Credit Fund Q3 2021 Results Exceed its 4 % pa target return

Consulco announced that during Q3 2021, London Credit Fund achieved a dividend of £11.55 in per unit of its Class A shares, $10.84 per unit for its Class C shares and €10.57 per unit for its Class E shares....

1301. Rise in consumer loans and housing purchase in September

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year,...

1302. Fiji frees Cypriot brothers on time served

Two Cypriot brothers accused of money laundering through credit cards in Fiji have been released, with a court sentencing them to time served after spending two years in remand...

1303. Rare conjoined turtles hatched in Massachusetts

Conjoined turtles with two heads and a single body have hatched at a Massachusetts wildlife center. Against all odds, the fused siblings are thriving....

1304. Two Americans win 2021 Nobel Prize in Medicine

The Americans David Julius and Ardem Pataputian were honored with the Nobel Prize in Medicine 2021....

1305. UK citizens rush to fill up amid shortages

The British government on Thursday night urged citizens not to panic over the closure of dozens of gas stations across the country, which was due to the significant shortage of drivers of tankers, trucks and other heavy goods vehicles....

1306. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

1307. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

1308. Police warn public about phony text messages

Police are warning the public against fraudulent text messages with links to Banking and Credit Institutions....

1309. EY and IIF survey shows climate change top concern for banks

1310. Cyprus rolls out ‘jab discount’ for hotel stays

Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...

1311. Cypriot health minister wants to leave post

Cypriot Health Minister Constantinos Ioannou does not intend to remain in his current position after a Cabinet reshuffle expected to be announced next week, confirming earlier rumors that he wanted to step down following a tortuous run during the pandemic...

1312. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1313. Jewel readies trial cruise from Cyprus

The Jewel of the Seas is setting anchor in deep waters on Thursday just off Limassol, as the cruise ship prepares for an ultimate summer getaway from Cyprus for the first time ever...

1314. Odyssey leaves Cyprus after Haifa cancelation

Odyssey of the Seas sailed away from Cyprus on Tuesday after Royal Caribbean pulled the plug on operations out of Haifa, but Cypriot officials remain upbeat over cruise ships seeking a friendly port in Limassol...

1315. Consulco outperforms the London property market says MSCI.

The annual MSCI results are now available, and Consulco’s London commercial real estate portfolio outperformed the Greater London Retail property market by 5.9 % during 2020. ...

1316. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

1317. Jiu Jitsu director says Cyprus losing out

The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...

1318. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

1319. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

1320. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...