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1201. FT report details secret meetings between Mitsotakis, British Museum chair

The secret meetings between Greek Prime Minister Kyriakos Mitsotakis and British Museum chair George Osborne as they explore a deal to end the dispute over the Parthenon Marbles are documented in a report published in the Financial Times on Friday....

1202. Cypriot outgoing president chats with Zelensky

Cyprus President Nicos Anastasiades has said that there was a "productive exchange of views" with Ukrainian President Volodymyr Zelensky during the first part of the European Council, which takes place in Brussels on Thursday...

1203. New Zealand recovers 3 tons of cocaine floating in Pacific Ocean

New Zealand police said Wednesday they found more than 3 tons of cocaine floating in a remote part of the Pacific Ocean after it was dropped there by an international drug-smuggling syndicate....

1204. Death toll surpasses 11,000 as Erdogan visits quake ravaged areas

President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....

1205. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

1206. February Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1207. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

1208. Registered unemployed increased by 8.6%

The unemployed persons registered at the District Labour Offices recorded an increase of 8.6% in January 2023, compared to January 2022, reaching 16,758 persons, according to data published by the Statistical Service on Friday....

1209. World Bank to assist in Akamas tourism development

The Minister of Agriculture and Rural Development, Costas Kadis and the Deputy Minister of Tourism, Savvas Perdios, met with representatives of the World Bank, on Thursday, in order to formulate a tourism strategy for Akamas....

1210. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

1211. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

1212. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....

1213. Eurostat: Cyprus had the highest stock of NPL's in 2021

In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....

1214. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

1215. Elections: The political 'crash test' in Brussels

In the interim between the two rounds of presidential elections, EU leaders will convene in Brussels for an extraordinary European Council on migration management and ensuring Europe's economic competitiveness. ...

1216. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

1217. Nouris: 'The cause of Cyprus' immigration problem is Turkey'

Interior Minister Nicos Nouris said on Monday that Turkey is the eliciting factor of the migration issue in Cyprus, speaking at a press conference where he presented the work of his Ministry during his term....

1218. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

1219. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

1220. Guarantor wants off the hook over old bad loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

1221. January Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1222. 30% less passengers between UK and Paris due to Brexit delays

Eurostar has said that its trains between the United Kingdom and Paris are carrying 30 percent fewer passengers than their capacity....

1223. Senator links Burisma to Biden classified documents

A newly revealed email from Hunter Biden’s laptop regarding Ukraine is raising eyebrows, with critics pushing a theory that the first son had access to classified information at a time when he maneuvered for a seat on Burisma, a Ukrainian gas company based in Cyprus...

1224. Colocassides calls on candidates to reveal their donors

1225. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

1226. More people choose bankruptcy to get a second chance

Bankruptcy applications, based on Law 4818/2021, are coming thick and fast from individuals with or without commercial activity, as they are unable to repay their debts to banks and insurance funds....

1227. School exams rescheduled to accommodate major strike

Unionized teachers in the Republic of Cyprus have secured a time change for school exams on Thursday so that members can take part in a major strike to demand restoration of pre-crisis wage indexation mechanisms for union workers...

1228. January Newsletter of K. Treppides & Co Ltd: European Banking Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1229. Cypriot Fund 'ECM Partners' acquires Starbucks Cyprus and Greece

ECM Partners, a Cypriot-owned investment fund, is putting the finishing touches on a deal to acquire Starbucks in Greece and Cyprus....

1230. Herodotou calls for increased vigilance to avert private debt defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....