Search

1891. End of 2019 sees historic high in investment funds assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

1892. Cyprus and 8 EU countries object to new rules of mobility package on commercial vehicles

Implications of a new rule included in the EU mobility package currently under negotiation, whereby commercial vehicles, lorries, and trucks will be required to return to their licensing Member State every eight weeks, were raised on Wednesday by Transport Minister Yiannis Karousos and several of his counterparts to the Commission Vice President and Commissioner for Transport....

1893. 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....

1894. Α defeat in the Cyprus Courts for Promsvyazbank

Clients of the Russian bank Promsvyazbank, which maintained a branch in Cyprus until the Central Bank revoked its license, won a small victory over the bank by bringing the case to court in Cyprus...

1895. EDEK party shrinks as turmoil escalates over ousted MEP

After the dramatic ousting of MEP Demetris Papadakis from socialist party Edek on Monday, the party continued to shrink throughout the week with the resignation of ten party members by Friday....

1896. President says use of Saudi-businessman owned jet not a violation of Ethics Code

President Nicos Anastasiades acknowledged on Thursday that he could have avoided using a private jet belonging to a Saudi businessman for a family holiday in the Seychelles, but denied that he was in violation of the Ethics Code....

1897. Jiu Jitsu director prepares for next Hollywood film shoot to begin in April

After the successful production of the Kung Fu film ‘Jiu Jitsu’ in Cyprus last summer starring Nicholas Cage, the island will by the end of April be hosting the Dimitris Logothetis’ new film, ‘Man of War’....

1898. Cooperation required to fully reap energy rewards

1899. British High Commission replies to British expats FAQ

The British High Commission in Cyprus compiled and replied to some of the most frequently asked questions by UK nationals in Cyprus, providing further clarity on what British expats living on the island can expect post-Brexit. ...

1900. China scientists identify pangolin as possible coronavirus host

The deadly coronavirus outbreak in China could have spread from bats to humans through the illegal traffic of pangolins, the world’s only scaly mammals, which are prized in Asia for food and medicine, Chinese researchers said....

1901. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

1902. Turkey deploys extremists to Libya, local militias say

Syrian militants affiliated with groups such as al-Qaida and the Islamic State group are currently being sent by Turkey to fight on behalf of the UN-supported government in Libya, according to two Libyan militia leaders and a Syrian war monitor....

1903. Greek position on EU migration pact

Greece’s position regarding the future of the migration and asylum pact that the European Commission is expected to table in the coming months rests on three fundamental principles: a European solution to a European challenge, a fair system that will stand the test of time, and the preservation of the European Union’s core values as enshrined in the EU Treaty....

1904. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

1905. Shift in global funding led by private capital

Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever...

1906. Cyprus gains ground in $92 million fraud case

MOKAS officers are making headway in an embezzlement case to the tune of $92 million involving a Cypriot company, after one of five suspects was taken into custody...

1907. Cyprus taps into Europe’s mountain know-how

Cyprus is hosting a European conference on mountain areas of large Mediterranean islands, hoping to gain valuable information and know-how from countries with a long tradition in managing mountain area policies...

1908. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

1909. Digital transformation of health services is indispensable

1910. Foreign powers back Libya ceasefire

Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky truce in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal to commander Khalifa Haftar that could cripple the country’s crude production...

1911. Harry and Meghan go it alone

Prince Harry and his wife Meghan will no longer be working members of Britain’s monarchy and they will pay their own way in life as they embark on an independent future...

1912. US Congresspersons: USA and UNSC members must continue supporting peacemaking efforts in Cyprus

The United States and the other members of the UN Security Council must continue to support peacemaking efforts in Cyprus, Congresswoman Carolyn B. Maloney (D-NY) and Congressman Gus Bilirakis (R-FL), co-chairs of the bipartisan Congressional Caucus on Hellenic Caucus stressed....

1913. 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...

1914. Both US and Iran claim ‘self defence’

Iranian UN ambassador has sent a letter to the UN Security Council calling Tehran’s missile strikes a "measured and proportionate" act of "self-defense,” while the US also says killing Quds Force commander Qassem Soleimani was for self defence...

1915. Low denies central role in 1MDB scandal

Malaysian fugitive financier Jho Low, whose Cypriot passport came under scrutiny last year, says he was not the mastermind of the 1MDB scandal while confirming rumours he was offered asylum in an unnamed country...

1916. EastMed bill squeezed through federal budget

US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...

1917. 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...

1918. US arms embargo to be lifted on conditions

President Donald Trump will have discretion over a current US arms embargo imposed on Cyprus, as both Senate and House conferees have reached an agreement on the defence budget for next year...

1919. Finance committee releases Jiu Jitsu money

The finance committee has released funds set aside to pay for Jiu Jitsu, despite accusations from MPs on the left that something did not add up in the recently-launched cash rebate scheme...

1920. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...