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3001. Unemployment in Cyprus drops to 6.5%

The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union ...

3002. Central Banker mulls bridging framework on foreclosures

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

3003. Halloumi exports reached 29 thousand tons in 2018

Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said. ...

3004. Three West Nile virus cases in the north

Turkish Cypriot media say authorities in the north have detected three cases of the West Nile virus, while officials in the south are still waiting for tests on one possible case...

3005. IKEA branches out to Limassol

IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...

3006. 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....

3007. State Department expresses ‘deep concerns’ over Turkish drilling off Cyprus

Washington expressed “deep concerns” over Turkey’s insistence on conducting drilling operations in Cyprus’ offshore maritime zone ...

3008. 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. ...

3009. 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. ...

3010. 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...

3011. 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...

3012. 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....

3013. 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. ...

3014. 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...

3015. Trump congratulates Mitsotakis, pledges to maintain close cooperation

The two leaders expressed their mutual interest in working together and continuing strong cooperation between the United States and Greece, the White House said. ...

3016. US urges Turkey to halt drilling operations off Cyprus

The United States has said that Turkey's most recent dispatch of the drillship Yavuz to conduct drilling operations off the Karpas Peninsula of Cyprus is a "provocative step" and has urged Turkish authorities to halt these operations. ...

3017. Mitsotakis, expectations and the need for unity

The coming weeks will naturally see an emphasis on New Democracy’s proposals on all the major issues, from the economy and security, to education and health. At the same time the new prime minister will have to strike a balance between the rival forces within his party’s ranks, combining the new with the old. ...

3018. Woman crashes car during police chase

A young female driver was arrested on Sunday following a police chase that ended up in a crash of a stolen vehicle in downtown Paphos...

3019. F35 back to UK after Cyprus mission

Four F-35 fighter jets have just returned to the UK after a two-month exercise in Cyprus, where they also flew reconnaissance missions over Iraq and Syria...

3020. US bill calls for end to Russian military vessels refueling in Cyprus

The Eastern Mediterranean Security and Energy Partnership Act of 2019 would allow the U.S. to fully support the trilateral partnership of Israel, Greece, and Cyprus through energy and defense cooperation initiatives...

3021. Banks in Britain revive preparations for no-deal Brexit

Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday...

3022. Johnson and Hunt fight for British PM job

3023. MTN moves forward with ‘epic’ change

MTN Cyprus has changed its name to EPIC after a twelve-year presence in the Cypriot market, promising fundamental changes and lightning fast networks...

3024. Stormy weather to wane into the weekend

Low pressure ripples along a recent trough over Cyprus are expected to wane by Saturday, while weather officials say daily afternoon showers are likely to continue...

3025. How to reinforce the arsenal for the fight against cancer

With research and timely diagnosis being the tip of the spear in the fight against cancer, Carbo One Ltd funds significant events that aim at reinforcing research...

3026. The Cypriot company that feeds the world with coal

Carbo One Ltd is one of the biggest players in the world coal market with an almost 20 year experience, circulating more than 75 million tons of the good...

3027. Stormy weather not letting up

An orange weather alert went into effect at 12 noon Friday, with officials warning of heavy thunderstorms and possibly hail inland and at higher elevations during the next few days...

3028. Motive behind tanker attacks unclear

3029. Fiscal Council: Implement reforms and maintain surpluses

3030. Summer storm brewing over Cyprus

A yellow weather alert went into effect Thursday at 1pm, with officials warning of heavy local showers and possible thunderstorms throughout the afternoon...