Search

1741. Turkish Cypriot loses land claim in Paphos

A Turkish Cypriot landowner seeking damages from expropriation in Paphos lost his appeal case not by eminent domain but on a technicality, after the Supreme Court ruled he sued the state prematurely and not through proper channels...

1742. Dueling small parties help pass budget

The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...

1743. MPs vote on budget hanging by a thread

The House takes another vote on the state budget on Thursday, with representatives expected to pass the bill narrowly following behind-the-scenes consultations since the first time it was rejected in mid-December...

1744. Biden rolls back Trump policies on Day One

US President Joe Biden on Wednesday began signing 15 executive actions addressing the coronavirus pandemic, climate change and racial inequality, and undoing some policies put in place by his predecessor Donald Trump...

1745. COVID-19 is adding new impetus to finance transformation

1746. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

1747. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

1748. Cyprus shocked over chaos in Washington

The will of the people as freely expressed in elections must be respected, Cypriot Foreign Minister Nikos Christodoulides said in the light of the siege of the Capitol Hill in Washington...

1749. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

1750. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

1751. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

1752. Parliament votes state budget down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

1753. Bomb goes off ahead of 5G auction

An explosion took place outside a CYTA branch in Limassol with media speculating the attack could be linked to an upcoming announcement this week over 5G contracts...

1754. AstraZeneca hitches ride with Russia's Sputnik in vaccine race

AstraZeneca will start clinical trials to test a combination of its experimental Covid-19 vaccine with Russia's Sputnik V shot aimed at boosting the efficacy of the British drugmaker's vaccine, Russia's sovereign wealth fund said on Friday....

1755. Cyprus’ migrant camp way over capacity

The overcrowding situation with refugees and asylum seekers at Pournara camp was back in the news, following an unannounced visit by the state’s Ombudswoman who said she saw some improvements but also some problems still not being addressed such as the right to move freely out of the camp...

1756. EU leaders weigh sanctions over Turkey’s Med drilling

Concerned that their credibility is at stake, European Union leaders are set Thursday to give the green light to the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece and Cyprus....

1757. Cyprus, Greece and Jordan to step up cooperation

Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....

1758. Turkey shrugs off effect of sanctions as EUCO looms

The intense consultations between European Union member-states on the bloc’s response to Turkish aggression in recent months are expected to continue until the 11th hour before the start of Thursday’s crucial leaders summit. ...

1759. Cyprus-bound vaccine less than month away

The delivery of the first batches of the COVID-19 vaccine is less than a month away, with the Republic of Cyprus prepping a mix-and-match strategy to begin vaccinations early next year...

1760. FinMin confirms Cyprus won’t reinstate ‘golden passports’ scheme

Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...

1761. Cat-and-mouse game with Turkey must stop, Michel says

A game of “cat-and-mouse” between the European Union and Turkey needs to come to an end, European Council President Charles Michel said on Friday, in reference to a dispute over natural gas resources in the Eastern Mediterranean....

1762. EU, Greece sign agreement for new migrant center on Lesvos

The European Commission on Thursday signed a memorandum outlining a detailed plan agreed by Greek authorities and EU agencies to establish a new, up-to-standard reception center on the island of Lesvos by early September 2021. This is a key step in resolving the situation following the fires that destroyed the Moria camp in September. It is the result of the work of European Taskforce that was created at that time....

1763. Cabinet shrinks security detail for VIPs

Party leaders and former state officials in the Republic of Cyprus will see their security detail downsized following a Cabinet decision on Thursday, also tasking police to evaluate the size of the presidential guard...

1764. Cyprus' auditor general makes Jiu Jitsu move

The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...

1765. Support schemes averted drastic rise in unemployment

The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, labour minister Zeta Emilianidou said Thursday....

1766. Domestic violence figures maintain concerning climb

The police’s domestic violence unit received 180 complaints in September and October and made 29 arrests, justice minister Emily Yioliti said Wednesday. Meanwhile, the association for the prevention and handling of violence in the family (SPAVO) said it has marked an increase of 40% in calls received at the 1440 helpline....

1767. Trump okays Biden transition

After weeks of waiting, President Donald Trump’s administration on Monday cleared the way for President-elect Joe Biden to transition to the White House, giving him access to briefings and funding even as Trump vowed to continue fighting the election results...

1768. Turkey’s behavior ‘widening its separation’ from EU, Borrell says

Turkey’s rhetoric on Cyprus is aggravating tensions with the European Union and Ankara must understand that its behavior is “widening its separation” from the 27-nation bloc, EU foreign policy chief Josep Borrell said on Thursday....

1769. Al Jazeera turns attention to Jho Low

Cypriot-naturalized citizen Jho Low, the Malaysian fugitive financier whose golden passports came under scrutiny last year, was back in the news this week after Al Jazeera published a video with actual voice recordings of 'the biggest fish' seeking a way out of the 1MDB colossal scandal...

1770. Cyprus reports 228 new coronavirus cases

Cyprus authorities announced that 228 new coronavirus cases were detected on Tuesday, when a whopping 8,887 tests were conducted, raising total cases detected so far to 7,513....