Search

1591. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

1592. Finland joins NATO, doubling the alliance's border with Russia

Finland Joins NATO, Doubling Russia's Border with the Alliance Subtitle: ...

1593. Kyriakos Kouros assumes post as DG of Ministry of Foreign Affairs

Kyriakos Kouros has today taken up the position of Director General of the Ministry of Foreign Affairs....

1594. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

1595. Energy in focus: Greece, Cyprus, and Israel hold trilateral meeting

Foreign Ministers of Cyprus Constantinos Kombos, Greece Nikos Dendias and Israel Eli Cohen, who met on Friday in Nicosia, pointed out the importance of the trilateral energy cooperation and its contribution to the stability in the region....

1596. BP and ADNOC's bold bid for the Leviathan field

Last Tuesday, British multinational oil giant BP and Emirati Abu Dhabi National Oil (Adnoc, the UAE's state oil company) announced a joint bid to buy 50% of Israel's NewMed Energy in a $2 billion deal. ...

1597. Completion of Project Starlight

1598. U.S. reporter arrested and accused of spying in Russia

Russia on Thursday charged an American correspondent for the Wall Street Journal with spying, in a case certain to escalate Moscow's diplomatic feud with Washington over the war in Ukraine and likely to further isolate Russia....

1599. President briefs political leaders on Cyprus and other issues

The President of the Republic, Nikos Christodoulides, chaired the first session of the National Council at the Presidential Palace on Thursday morning (30/03). ...

1600. Herodotou: 'European banking system in good health'

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said on Wednesday that there’s concern that the banking problems with some European banks could evolve into something bigger....

1601. FinMin stresses importance of stable legislation for out-of-court auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

1602. Exceptional residential plots available for sale by AstroBank

AstroBank has listed for sale residential plots in various areas of Cyprus like Paralimni, Strovolos and Peyia, that are ideal as an investment or private use....

1603. EC: Head of transport to resign over free trips to Qatar

The European Commission's top transport official is expected to resign after his decision to accept free air travel to Qatar while his team was negotiating a major aviation deal with the Gulf state....

1604. Join the U.S. Pavilion at DEFEA 2023: Explore the latest defense systems from top American companies

The Commercial Section of the American Embassy in Nicosia is organizing a delegation to visit the U.S. pavilion at the Defense Exhibition (DEFEA) at the Metropolitan Expo Center in Athens, Greece, on May 9 to 11, 2023....

1605. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

1606. Real estate investment opportunities by AstroBank

Houses, building plots, agricultural, commercial, and industrial real estate, in many areas of Cyprus...

1607. Why does the EAC block the installation of solar panels?

"The weaker the government, the stronger the bureaucracy," said the French anthropologist Gustave Le Bon. And he didn't say it by accident....

1608. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

1609. Americans traveling to Europe for cheaper Beyonce tickets

American fans are booking trips to Europe to go see Beyonce, as the price of tickets to attend her performance is exponentially higher in the United States....

1610. Ministers band together to improve Cyprus ports

Ministers responsible for Transport, Shipping and Tourism visited on Thursday the new DP World Limassol passenger terminal to express their determination to work together to resolve any problems and improve services....

1611. Adopt a family this Easter

The Pan-Cypriot Volunteer Coordinating Council (PSCE) has launched its annual "Adopt a Family" Easter campaign, which aims to provide essentials for vulnerable families. The campaign, now in its 9th year, has already helped more than 20,000 families since its inception in 2015....

1612. Herodotus to banks on restructuring, interest rates and transparency in charges

The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....

1613. Michael Kyprianou Advocates – Legal Consultants announces opening of office in Tel Aviv

Cyprus’ leading law firm Michael Kyprianou & Co LLC announces the opening of a new international branch in Tel Aviv, Israel, further expanding the firm’s global reach....

1614. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...

1615. Free STEAM classes for Ukrainian women and girls in Cyprus

Free educational programs for girls and women from Ukraine who live in Cyprus are being offered by the non-profit initiative Girls in STEAM Academy. The program will be available to girls 14-17 and women 18+ years old, free of charge and will take place in the English language....

1616. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

1617. ECB raises interest rates again by .5 percentage points

At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....

1618. Partnership between New York Times and Kathimerini turns 25

Aristides Alafouzos, the late owner of Kathimerini, loved challenges. In 1988, a critical period for the Greek press, he bought Kathimerini, ensuring that the prestige and integrity of this historic newspaper would be preserved. ...

1619. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

1620. Moscow sees drone incident as provocation

Russia views the incident involving one of its Su-27 fighter jet and a U.S. military drone over the Black Sea as provocation, its ambassador to the United States, Anatoly Antonov, said in remarks published early on Wednesday...