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2911. London believes Cyprus peace process should start sooner than later

British High Commissioner says "whatever is going to happen should start to happen quickly because after such a long delay since last summer and with other things that are happening, the world is not waiting"...

2912. #PoliticsBlog Loans to Politicians

The Non-Performing Loans (NPL) associated with political public figures reach over €160 million just in the cooperative bank alone. New measures are welcome but can they deliver?...

2913. IMF projects Cyprus GDP growth to exceed 4% in 2018-19

According to the forecasts included in the WEO, based on previous assessments, the Cypriot economy is expected to record a growth rate of 3.6% in 2018 and 3% in 2019 - lower than last year's 4% and the IMF prediction...

2914. European Commission warns Turkey over its aggression toward Cyprus

The European Commission report urged Turkey to avoid violence or to make threats for the use of violence against an EU member state...

2915. CNN video peeks at Cypriot EU passports for Russians

Cyprus was featured on CNN’s Around The World video section, where special reporter Matthew Chance highlighted the controversial passport scheme which grants citizenship to wealthy foreign nationals....

2916. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

2917. Supply teachers go on strike

2918. Putin predicts global 'chaos' if West hits Syria again

The United States, France and Britain have said the missile strikes were limited to Syria’s chemical weapons capabilities and not aimed at toppling Assad...

2919. Celebrating Israel’s 70th Independence Day in Cyprus

The significant natural gas reserves in the Eastern Mediterranean offer much potential for joint ventures and commercial growth...

2920. US and allies launch air strikes in Syria

US, British and French forces pounded Syria with air strikes early on Saturday in response to a poison gas attack that killed dozens of people last week, in the biggest intervention by Western powers against Syrian President Bashar al-Assad....

2921. Banks in Cyprus, Greece and Portugal may need further reserve build-up

Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...

2922. Georgiades makes a “good case” for Co-op sell-off

Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....

2923. Cyprus asks the US to lift arms embargo

Cyprus wants to "further grow and deepen bilateral relations and cooperation in the areas of defence and security with the US”...

2924. Cyprus and Egypt prepare the ground for natural gas pipeline

The two countries will soon sign an agreement for a submarine natural gas pipeline from Cyprus' EEZ to a Liquefied Natural Gas plant in Egypt...

2925. South Africa's Zuma appears in court on corruption charges

Thousands of Zuma supporters gathered to express solidarity with a leader they say is the victim of a politically motivated witchhunt...

2926. Saudi Arabia's first new cinema in decades to open

Saudi Arabia had some cinemas in the 1970s but its powerful clerics closed them"...

2927. A solution is the only way forward for Cyprus

The Cyprus issue is not a dice roll, but the dilemma that Cypriots once had – either we solve it or we stay as is – is no longer valid...

2928. China retaliates for US tariffs, slaps duties on soybeans, planes, autos

The scale of China’s tariff targets was in line with Beijing’s pledge to mount a commensurate response...

2929. Cyprus and France conduct joint Search and Rescue Exercise

The scenario dealt with a simulated maritime accident on a ship or platform...

2930. Cyprus in talks with ENI-Total over energy strategy

Talks also involve the next steps in the country’s energy strategy in which Italy's ENI and France's Total have a big part to play....

2931. Strike-hit Air France expects 75% of flights to operate

The Air France strike is expected to ground 30% of the carrier’s long-haul flights out of Paris’ main Charles de Gaulle airport...

2932. Bad loans still high despite fast economic growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

2933. Cypriot leaders agree to informal meeting

It will be the first time Anastasiades and Akinci have met since the collapse of peace talks in Switzerland...

2934. Cyprus may turn to UN Security Council over Turkish drillship

Turkey has said it intends to start drilling offshore Cyprus and has accused Nicosia of acting unilaterally with its energy development...

2935. On the European Path

Turkey might push things to the extremes because it has entered a phase of instability...

2936. Bank chief urges business to help in a speedier resolution of NPLs

He said that one of the biggest issues in Cyprus was the tolerance on non-performers lending...

2937. ExxonMobil’s Ocean Investigator arrives in block 10 of Cyprus' EEZ

Test drilling in Block 10 by ExxonMobil and its partner Qatar Petroleum is scheduled to take place in October...

2938. A year away from Brexit views remain as entrenched as ever

17.4 million Britons who voted to quit the EU in a 2016 referendum, giving the Brexit campaign victory over the 16.1 million voters who wanted to stay...

2939. Cyprus says EU condemnation of Turkey is unprecedented

Anastasiades argued that the real aim of Turkey was to control energy supply routes in the region...

2940. Economic Sentiment Indicator decreased by 1.6 points in March

The decline resulted from a worsening of business confidence in services, industry, and among consumers...