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2551. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

2552. 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?...

2553. Time to seek security guarantees

Diplomatic cliches rarely reflect reality, though in the case of Greek-American relations, they are indeed in the best place they have been in decades. ...

2554. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

2555. Rights of Cypriot nationals secured after Brexit

The visit by the Secretary of State for Brexit Stephen Barclay to Cyprus on Wednesday is part of the UK Government’s engagement with EU member states “as the UK seeks to reach a deal with the backstop removed,” a DExEU spokesperson told the Cyprus News Agency in London...

2556. Anastasiades: Turkey’s aim for control scuppers peace

Turkey is undercutting efforts to quickly revive peace talks aimed at solving Cyprus’ decades-long ethnic split by imposing unacceptable terms, the island nation’s president said Tuesday...

2557. Oil surges after attack on Saudi oil facilities

Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. ...

2558. 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 ...

2559. US ambassador cautions Nicosia over 5G

Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...

2560. Migration and geopolitics

The significant increase in the arrival of refugees and migrants recorded on Greece’s Aegean islands over the past few weeks is cause for concern as it indicates that Turkey is seeking to exploit the issue in order to remind the European Union of Ankara’s critical role in containing inflows. ...

2561. British Airways flights to Cyprus on hold

British Airways flights to Cyprus are said to be on hold due to one of the airline’s biggest strikes, with more action expected in the future if no deal is reached...

2562. 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...

2563. Authoritarian, divisive, hard right?

A few days ago, the New York Times published an opinion piece on political developments in Greece on its front page in which the author denounced the return to power of the “hard” right under the leadership of an “authoritarian” prime minister with “anti-democratic instincts.” ...

2564. Stella Kyriakidou: Climate change and gender equality a priority for the EU

There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....

2565. Exceeding expectations

In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...

2566. Greece 2021

Milestones often present opportunities and the upcoming 200-year anniversary of the start of the Greek War of Independence in 1821 could serve as an opportunity for a new beginning...

2567. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

2568. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

2569. 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. ...

2570. Guarantees and Rights of Intervention

Both Turkey’s illegal invasion in 1974 and its occupation of Cyprus, were claimed to be based on its own interpretation of the Treaty of Guarantee. These arguments are well known. Today, Turkey still insists on the same interpretation of this Treaty....

2571. Cyprus Tax Webcast, July 2019

2572. Carbo One and Cyprus NOC presented their partnership in the run-up to the Olympics

Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through. ...

2573. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

2574. UNFICYP mandate renewal sends message of urgency for resumption of Cyprus talks, US diplomat says

US Mission’s to the UN Political Coordinator Rodney Hunter has said that his country believes UNFICYP’s new mandate sends a message that the two leaders, Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci "must work with a sense of urgency" to resume reunification talks. He also expressed disappointment with the lack of progress since the Conference on Cyprus in 2017 but expressed the belief that a settlement "remains achievable." ...

2575. Ice cubes for tigers as heatwave smashes European records

Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new normal. ...

2576. President Anastasiades congratulates UK’s new Prime Minister

President of the Republic of Cyprus Nicos Anastasiades has sent a letter of congratulations to the United Kingdom’s new Prime Minister, Boris Johnson, noting that he counts on the British government’s support towards the sovereign rights of the Republic of Cyprus and efforts to address the continuing aggressive actions on behalf of Turkey. ...

2577. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

2578. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

2579. Anastasiades congratulates new EU boss

President Nicos Anastasiades congratulated Ursula von der Leyen on becoming the European Commission’s next president, narrowly winning election in the European Parliament...

2580. David Harris: US closer to Greece, Cyprus, Israel

Washington recognizes Greece’s strategic value and reliability as an ally, attributes that only grow stronger as doubts deepen over Turkey’s stance, American Jewish Committee (AJC) CEO David Harris tells Kathimerini in an interview...