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2101. Economic sentiment in Cyprus falls in February due to weaker business confidence in services

In February 2020, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 0.7 points compared with January 2020....

2102. Bulgaria wants in on EastMed energy cooperation

Bulgarian President Rumen Radev said on Tuesday that his country wishes to cooperate within the framework of the trilateral mechanism among Cyprus, Greece, and Israel in the energy field, adding that Bulgaria is geographically a natural continuation of these three countries....

2103. Fourth Italian dies from coronavirus in worst flare-up outside Asia

A fourth person infected with the coronavirus has died in Italy, officials said on Monday as the government struggled to contain an outbreak of the illness and financial markets slid on fears over the economic impact....

2104. Greek PM meets with five EU leaders over bloc's budget

Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....

2105. One in four in Cyprus at risk of poverty

Some 200,000 persons (23.9 per cent of the Cyprus population), or one in four, are at risk of poverty, participants of a two-day discussion in Nicosia organized by Cyprus and EU-wide anti-poverty networks heard....

2106. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

2107. Controversial plans for new quarry halted

A meeting held at the Environment Ministry on Thursday put an end to controversial plans to create a quarry zone in the Larnaca District, after civil society raised a ruckus over the thousands of trees that would need to be axed to make way for the quarry....

2108. Akinci brushes off Varosha talk as election gimmick, Anastasiades calls for bicommunal committee

Turkish Cypriot leader Mustafa Akinci has suggested that Varosha, a southern suburb of Famagusta that has been fenced off and abandoned since Turkey invaded northern Cyprus, is being used as an election gimmick, adding that he supports UN-backed efforts to reopen the ghost town....

2109. Cyprus Econ Council begins work on future sustainable growth blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

2110. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

2111. EIB President in Cyprus to discuss bank’s investment in the country

The European Investment Bank (EIB) President, Werner Hoyer, was in Cyprus on Monday to update President Nicos Anastasiades on recent and future investment on the island, and to review improvements the education sector which has enjoyed significant ECB investment....

2112. Banks must find new profitable products, CBC Governor says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

2113. House President continues contacts in Australia

President of the House of Representatives Demetris Syllouris continued his contacts in Australia, in the framework of an official visit heading a parliamentary delegation, during which he discussed the Cyprus issue, developments in the Eastern Mediterranean, Turkey’s military operations, avoiding double taxation, and bilateral cooperation. ...

2114. UK 'deplores' Turkey's actions in Cyprus EEZ

The British Government’s position regarding the Cyprus issue and Turkey’s activity within the Exclusive Economic Zone of the Republic of Cyprus does not change now that the UK has exited the European Union, the Minister for Europe Christopher Pincher said. ...

2115. Cyprus 'golden passports' scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk...

2116. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

2117. Turkish clothes makers see orders shifting from coronavirus-hit China

Several fashion retailers that manufacture clothing in coronavirus-hit China are in talks with Turkish firms about shifting production to Turkey, two sector officials told Reuters, with one predicting new orders worth up to $2 billion....

2118. Lagarde confident ECB will eventually buy Greek debt

The Greek economy continues to improve and chances are rising that the European Central Bank will eventually buy its debt under its asset purchase scheme, ECB President Christine Lagarde said on Thursday....

2119. Accounting profession the pillar of powerful economies

2120. In Paris visit, Greek, French ministers agree to boost investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

2121. EU vessels will no longer have automatic access to UK fishing waters

The automatic right of EU vessels to fish in British waters, in accordance with the EU’s common fisheries policy, is to be ended under the fisheries bill introduced to parliament on Wednesday....

2122. Cypriot hacker loses extradition appeal

A young hacker will be the first Cypriot national to be extradited to the United States and could face up to 20 years in prison after losing his appeal last week...

2123. Fuel targets rehash gas price debate

Consumers are crying foul over rising gas prices at the pump, with some resorting to crossing the checkpoints to fill up in the north as the government draws criticism for failing to meet EU energy goals...

2124. 2020 year of ‘slowbalisation’

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing power parity terms,according to new projections by PwC, compared to its long-term average of a 21st century average of 3.8% per year...

2125. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

2126. Cyprus hopes cooler heads will prevail

Cypriot President Nicos Anastasiades on Thursday said he hoped more sensible ideas would prevail regarding the situation in the Middle East, while sources expect "no unpleasant surprises” ahead of a mandate review for UN peacekeeping on the island...

2127. Libya blames maritime tensions on Greece

Libya has slammed Greece in a recent letter to the United Nations, accusing Athens of refusing to play fair, while US State Secretary Mike Pompeo says he is taking on a new initiative to de-escalate Greco-Turkish tensions over maritime borders...

2128. Johnson on course to deliver swift Brexit

Prime Minister Boris Johnson won a resounding election victory on Friday that will allow him to take Britain out of the European Union in matter of weeks...

2129. House passes 2020 budget

The House of Representatives voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against...

2130. British voters head to the polls

Voters go to the polls on Thursday in an election that will pave the way for Brexit under Prime Minister Boris Johnson or propel Britain toward another referendum that could ultimately reverse the decision to leave the European Union...