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1081. Team launches world’s first ocean cleanup system

A first trial of a massive cleanup of plastic in the ocean, an effort that has been in the works for five years, was launched in San Francisco on Saturday...

1082. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

1083. Taking action to clean up Akamas

Putting all other obligations on hold just for a day and armed with the slogan #akamascleanup, we dedicate one Sunday to clean one of the most beautiful spots in the Mediterranean...

1084. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

1085. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

1086. Teachers march nine thousand-strong

Thousands of demonstrators descended on Presidential Palace Avenue on Tuesday, protesting a Cabinet decision to trim down the number of class-exempt teaching hours in state schools...

1087. President makes final offer to teachers

President Nicos Anastasiades has weighed in on the ongoing debacle between state educators and the government, drawing up a final offer to teachers and expecting an answer before the weekend is out...

1088. Bulgaria scrambling over Olympic bankruptcy

The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...

1089. Nicosia ups pressure on EU migration policy

Nicosia is pushing for a single EU migration policy that would make refugee redistribution not only mandatory but also relative to population sizes of member states...

1090. Pace of migrant arrivals in Greece via land from Turkey quickens

More than 10,000 migrants and refugees arrived in Greece from Turkey through the northern Evros river crossing in the first half of 2018, a non governmental organisation said on Thursday, a quicker pace of arrivals compared to 2017....

1091. More than 200 houses destroyed by Attica fires

More than 200 houses have been completely destroyed by the devastating wildfires that ripped through a coastal town east of Athens this week killing at least 81 people, according to data collected by engineers from the Ministry of Infrastructure and Transport who have started recording the damage to buildings....

1092. Search continues as wildfires death toll climbs to 80

Rescue crews Wednesday continued to search the seaside areas northeast of Athens that were the worst affected by wildfires to locate any further victims, as the official death toll rose to 80...

1093. 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...

1094. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

1095. Minister unfazed by angry educators

Thousands of public teachers stood outside the gates of the Education Ministry on Friday, calling on Education Minister Costas Hambiaouris to resign and union members refusing to go to his office to talk things out...

1096. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

1097. Energean commits to Eastern Mediterranean

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island...

1098. Over 40 degrees here to stay all weekend

1099. Overall retail rise not overshadowed by slight drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

1100. Holiday Inn Nicosia under new ownership

Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...

1101. Debt collectors to go after unpaid electricity bills

The Cyprus Electricity Authority is resorting to private debt collectors to go after unpaid bills, following criticism that the organisation lost €65 million in late payments or defaulted accounts...

1102. Limassol teenager dies in scooter-car collision

A Limassol teenager was killed in a road accident, when his supercharged scooter collided with a turbocharged vehicle under circumstances that have baffled police investigators...

1103. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

1104. Driver gets nine months in Nicosia fatal road accident

A 73-year-old man was sentenced to nine months for involuntary manslaughter in the death of a 38-year-old mother, who was fatally struck as she was crossing the street with her 6-year-old son...

1105. Scorching weekend ahead as hot weather sets in

Cyprus weather is getting hot again, with weather officials saying temperatures are expected to be at least five degrees above normal levels with the area under an air dust watch...

1106. UN sounds out both sides on July envoy visit

It appears that the United Nations have sounded out both sides in Cyprus regarding a UN special envoy, but sources say it is still unclear whether Turkey gave the nod...

1107. President says Cyprus ready for the maritime challenge

Cyprus is once again showing its strength in the maritime industry, with President Nicos Anastasiades reiterating government support for what he called ‘one of the most important priorities’ of his administration...

1108. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...

1109. 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...

1110. British Bases dismiss allegations over casino hold up

The British Bases say they are not putting obstacles in the path of a building permit application for the casino resort in Limassol, responding to local reports about a hold up due to an environmental impact assessment...