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5971. 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....

5972. Cyprus, diplomacy and the dizzying gas effect

The spin on political developments in Cyprus has had a dizzying effect on the public but state institutions seem unshaken...

5973. US to participate in East Med energy summit

At an Economist conference in Greece it was announced that United States Assistant Secretary of State for Energy Resources Frances Fannon will participate in the East Med energy summit in Athens which will be held on the 29th of July along with the the Ministers of Energy from Cyprus Yiorgos Lakkotrypis, Greece's Kostis Hatzidakis and Israel's Dr. Yuval Steinitz....

5974. Man sentenced in arcade cannabis trial

The main suspect in the cannabis-stuffed claw machine trial has been sentenced to 14 years, after refusing to reveal the brain behind the illegal operation...

5975. Golden Dawn voters, women and Mitsotakis

Some foreign journalists have in recent days made two negative observations regarding New Democracy’s victory in the July 7 snap election and the makeup of the new cabinet...

5976. Bidding for Nicosia bypass begins

The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...

5977. President's response to Akinci's proposal being drafted

Cyprus President, Nicos Anastasiades` response to the proposal of Turkish Cypriot leader Mustafa Akinci on the co-management of the natural resources is already being drafted, a government source has told the Cyprus News Agency (CNA). Anastasiades` response will be sent to Akinci as well as to the UN Secretary General, Antonio Guterres and the EU officials to which Akinci`s proposal was also delivered....

5978. National Council dismisses Turkish natural gas proposal

The national council unanimously rejected a proposal by Turkish Cypriot leader Mustafa Akinci to co-manage the islands’ natural gas resources...

5979. EY: Renewable energy is taking strides towards a subsidy-free era

The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions...

5980. 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....

5981. 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...

5982. Recovering lost ground

The government that has just taken power in Greece is different to what we are accustomed to and close to what a big chunk of the population is eager to see. The center-right administration appears well-prepared. The comparison is not only being made with SYRIZA, which was completely unprepared when it took over at a crucial period in 2015, but also with other supposedly experienced administrations before them. That said, in politics plans can be undone by unforeseen events. ...

5983. Nicosia to reject Turkish natural gas proposal

A proposal by Turkish Cypriot leader Mustafa Akinci for a committee that would jointly administer natural gas affairs is expected to be rejected by the government and party leaders when they meet on Tuesday...

5984. Turkey will drill for gas until Cyprus accepts plan

Turkey will continue drilling for gas in waters off Cyprus if the internationally recognised Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara’s foreign minister said on Sunday. ...

5985. 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...

5986. Which way will SYRIZA go?

It will take a couple of months before we see what kind of style SYRIZA plans to adopt in its reprised role as the country’s main opposition party. For the time being at least, it appears willing to cut some slack to the new government of Prime Minister Kyriakos Mitsotakis. ...

5987. The new government, image and symbolism

The first indications from the new government are sending out all the right signals. Tuesday’s handover ceremonies at the ministries confirmed a return to normalcy, after a decade-long crisis that painfully divided the country. Both sides should be given credit for the civilized political discourse that prevailed during the change of guard. It is hoped that this spirit will continue during the debates that are expected to take place in Parliament, not only in the sense of a more sophisticated rhetoric, but also, hopefully, in the approval of some government bills by the new main opposition....

5988. Christodoulides: Nicosia completely satisfied with EU measures

Speaking on state radio Foreign Minister Nikos Christodoulides said the the government is completely satisfied with the final proposal on EU measures against Turkey. ...

5989. George Low murder still open case

The unsolved murder of George Low was back in the headlines this week, with some new information about additional possible suspects and a frustration over two identified suspects who remain at large...

5990. Britain says Iran attempted to block its oil tanker

Three Iranian vessels tried to block the passage of a British ship through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday. ...

5991. Displaced Greek Cypriots up in arms over land

Dozens of Greek Cypriot families in Limassol are up in arms over a land dispute, accusing the government of lying to them as they face lawsuits from a Turkish Cypriot property owner...

5992. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

5993. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

5994. 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...

5995. President Anastasiades meets Spehar in Limassol

5996. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...

5997. A wise verdict

The Greek people voted wisely, as they have done in the past. They have given Kyriakos Mitsotakis a comfortable majority and a strong mandate. A percentage so close to 40 percent is unprecedented in the years of the crisis, as is a government with an outright majority. ...

5998. Eurogroup rules out any talk of primary surplus target reduction for Greece

Discussion on Greece was brief at Monday’s Eurogroup, but the council of eurozone finance minsters sent a clear message to Athens that creditors are ready to cooperate with the new government while warning that the handouts announced in May by the previous administration are putting growth and fiscal targets at risk...

5999. Emergency Room doctors go on strike

Union doctors in the Emergency Rooms of state hospitals went on strike on Tuesday morning, with the government crying foul and saying the move is unwarranted...

6000. Mitsotakis sworn in as PM amid east Med tensions

Conservative politician Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation...