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1291. Nicosia awaits EU council decisions on Turkey

The President of Cyprus Nicos Anastasiades expressed on Tuesday his satisfaction over the decision of EU Foreign Ministers with regard to Turkey’s illegal drilling activities in the Eastern Mediterranean, and said he expected the European Council to endorse sanctions in its upcoming meeting...

1292. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

1293. Anastasiades: A tripartite meeting possible in October

Speaking to reporters after a very productive meeting, as he said, with UN Secretary General Antonio Guterres on Friday on the sidelines of the UN General Assembly, the President of Cyprus said he presented the situation as it stands and developed the Greek Cypriot side’s positions. ...

1294. Cyprus among Juncker’s big regrets

The failure to reunify Cyprus while in office has been one of Jean Claude Juncker’s big regrets, the European Commission President told the Augsburger Allgemeine newspaper in an interview...

1295. ''I cannot go to a conference again like I did last time''

Nicosia looks forward to Friday’s meeting between the President of Cyprus Nicos Anastasiades and the UN Secretary-General Antonio Guterres, in the UN headquarters, in New York, in a bid to learn more about the UN Chief’s intentions regarding his next moves on the Cyprus issue. ...

1296. Anastasiades: We accept political equality

In this context and following a call from the Secretary General for an agreed basis for the resumption of negotiations, there is an understanding by the leaders of the two communities that the relevant “Terms of Reference” should comprise the following elements: ...

1297. How will digital shape your future?

As technology evolves to support more and more of our everyday lives, it’s natural to wonder what’s in store for the future. How will it affect your life and career?...

1298. Cyprus FM highlights need for regional cooperation in the Eastern Mediterranean

The Eastern Mediterranean is the only region in the world without a regional organization and this is something that we have to work on, Cyprus Foreign Minister Nikos Christodoulides said on Thursday evening. ...

1299. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

1300. Neophytou: The solution framework is clear

Mr. Neophytou was speaking following a meeting with the Russian Ambassador, Stanislav Osachi, as the DISY President intensifies efforts to inform the ambassadors of UN Security Council states on the Cyprus issue, EEZ and Varosha. ...

1301. Cavusoglu speaks to Kathimerini

Our meeting with the Turkish Foreign Minister Mevlut Cavusoglu took place in Famagusta on September 9, 2019, the day the Turkish official entered the fenced-off town of Varosha ...

1302. President launches Exandas portal in a bid to enhance transparency

The implementation of 767 development projects, with a total cost of more than 2.7 bln euros, as well as the progress in implementing 321 government policies, reforms and national strategies are outlined in “Exandas”, the new internet portal launched on Friday by Cyprus President Nicos Anastasiades. According to officials, 92.17% of the projects listed is expected to be completed by 2023. ...

1303. More US energy companies to operate in Cyprus, US Ambassador says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

1304. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

1305. Finance minister pleased with Waters’ visit

Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....

1306. Finance Committee seeks compromise on foreclosures

The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...

1307. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

1308. Central Banker mulls bridging framework on foreclosures

The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...

1309. Digital Challenges for Internal Auditors & DPOs

1310. Cyprus issue top priority says Mitsotakis

The main concern and complete, firm strategic pursuit of Greece’s external policy is an end to the Turkish occupation, stated Monday Greek Prime Minister Kyriakos Mitsotakis. ...

1311. Anastasiades responds to Akinci’s hydrocarbons proposal

In a letter to UN Secretary General Antonio Guterres President Anastasiades responded to a proposal by Turkish Cypriot leader Mustafa Akinci regarding the co-management of natural gas affairs. ...

1312. Baker Tilly Cyprus launches new interactive website

Baker Tilly Cyprus is pleased to announce the launch of a completely new interactive website (bakertilly.com.cy) that serves as a comprehensive resource in support of the form’s mission. Specifically, to provide a complete range of services, through a single point of contact, to create a quick, proactive response in all areas of service. ...

1313. Foreclosure legislation deemed unconstitutional

Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.'' ...

1314. Two new recycling and composting programmes in Limassol

Limassol Municipality is going ahead with the implementation of two new recycling and composting programmes aiming to properly manage waste by reducing, reusing and recycling it. ...

1315. Defence Ministers of Cyprus and Greece to discuss Turkish provocations on Friday

The Ministers of Defence of Cyprus and Greece, Savvas Angelides and Nikos Panagiotopoulos, will discuss about the Turkish provocations in Cyprus` Exclusive Economic Zone (EEZ) and territorial waters during the official talks they will have on Friday in Nicosia. Panagiotopoulos will also represent the Greek government at the events organized on the occasion of the anniversary of the Turkish invasion of Cyprus, that took place on July 20, 1974....

1316. Moody's warns foreclosure laws increase risk for banks

Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....

1317. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...

1318. The EU28 adopted measures against Turkey's illegal drilling in Cyprus

The EU Foreign Ministers endorsed, without any changes the conclusions prepared by the permanent representatives, concerning Turkey’s illegal drilling in the Exclusive Economic Zone (EEZ) of Cyprus, cutting the EU pre-accession assitance for 2020, suspending EU- Turkey high political dialogues and stopping European Investment Bank’ lending activities in the country....

1319. Cyprus parliament suspends foreclosures

The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...

1320. Cyprus aims to be among the first to regulate blockchain technology

Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...