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1681. Cypriot fund facing mighty resistance in Lukoil deal

Efforts to dispel US concerns over suspected Russian influence in a Cypriot fund buying a Lukoil plant in Sicily may be gaining traction with Italian officials, with reports suggesting American resistance may be losing ground after a crucial meeting last week...

1682. Protecting EU borders: The rise of border walls against third country migrants

The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....

1683. Cypriots buy more food than needed

A recent report has found that Cypriots have a tendency to purchase more food than they actually need, leading to unnecessary waste and higher expenses...

1684. Macron's mission in China: Convincing Xi on Ukraine

1685. President says petty politics not behind IMO decision

Political criticism in Nicosia over not backing an ex-minister to lead a UN international shipping agency continues to dominate headlines this week, with President Nikos Christodoulides rejecting allegations that a lack of support was out of spite due to presidential election preferences...

1686. Delays unclear over Cypriot-fueled Lukoil deal

An executive power committee in Italy has missed an initial deadline for approving the sale of a Russian refinery plant to an Israeli-backed Cypriot fund, with reports in the media getting blurred between fears over Russian influence and high-stakes geopolitical interests across the pond...

1687. Easter holiday boosts air travel in Cyprus by 26%

April will kick off the summer tourist season with satisfactory arrivals and hotel occupancies for the Easter period. Since last week, demand for travel has started to rise from foreign tourists, ...

1688. Lack of legal protection in EU adoptions

Intercountry adoption is the adoption of a child habitually resident in one state by parents habitually resident in another state, as defined in Article 2 of the 1993 Hague Convention, which ensures cross-border recognition of adoptions. However, in practice, additional procedures are required for its recognition in certain States, including EU Member States....

1689. Investors flock to 'green' bonds as a secure investment

1690. Greek minister on rare visit to Turkey as tensions ease

NATO members Turkey and Greece can resolve their disputes through peaceful means and dialogue, Turkey’s defense minister said after talks with his Greek counterpart Tuesday, in the latest sign of easing tensions between the rival neighbors...

1691. UN report reveals 47 mine-contaminated areas in Cyprus

According to data from UNFICYP, 47 suspected hazardous areas in Cyprus could be contaminated with mines and/or explosive remnants of war (ERW), covering roughly 1.7 million square meters of land....

1692. 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....

1693. Finland PM ousted, conservatives win tight vote

Finland’s main conservative party claimed victory in parliamentary elections Sunday in a tight three-way race that saw right-wing populists take second place, leaving Prime Minister Sanna Marin’s Social Democratic Party in third, dashing her hopes for reelection...

1694. Turks cry foul over Cypriot army link to New Jersey

Ankara says it will 'never allow any harm to come to the Turkish Cypriots' while condemning US policy towards Cyprus, including an agreement last week between Greek Cypriot and New Jerseyan armies on a program viewed as a potential precursor to NATO...

1695. Cyprus' hourly labor costs below EU average at 19.4 euros

The average hourly labor costs in Cyprus increased from €18 in 2021 to €19.4 in 2022, according to Eurostat. Hourly labor costs were the lowest in the EU in Bulgaria (€8.2) and Romania (€9.5), and highest in Luxembourg (€50.7), Denmark (€46.8) and Belgium (€43.5). ...

1696. 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. ...

1697. 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). ...

1698. 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....

1699. Ministry of Labor building may not be structurally sound

The House of Representatives Internal Affairs Committee sounded the alarm on Cyprus and Public Services' degree of preparedness in the event of strong seismic activity following a meeting on March 16. ...

1700. 43% of motorcyclists who died in Cyprus in 2021 did not wear a helmet

According to a recent report by the European Transport Safety Council (ETSC), 43% of motorcyclists and moped users who died in road accidents in 2021 did not wear a helmet. ...

1701. MFA: Korneliou leaves, Kouros enters

Kornelios Korneliou, the director general of the Foreign Ministry, will step down on Monday and be succeeded by the head of the President's Diplomatic Office, Kyriakos Kouros....

1702. 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."...

1703. Saudi National Bank president resigns

The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....

1704. At the EU summit with an eye on the Cyprus issue

Christodoulides attempted to lay out his vision for active EU engagement on the issue of breaking the six-year deadlock in Cyprus talks on the first day of his first European Council summit as President. ...

1705. California: Use of police dogs to be curbed due to racial bias

The California Assembly's Public Safety Committee has approved a bill that would ban the use of police dogs for arrests, apprehensions and crowd control, apparently a first-in-the-country measure....

1706. Protests continue as Macron stands firm on pension reform

French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....

1707. Employers and labor unions can't agree on COLA issue

Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK. ...

1708. High prices continue to plague the market

1709. Sense of calm prevails in the Aegean

The improvement of relations between Greece and Turkey and the sharp decrease in tensions is not only at the diplomatic level but also, and almost in tandem, with the operational situation on the ground...

1710. Legalities and time constraints delaying repairs of refugee apartments

Attempting to overcome legal and time constraints in the construction of refugee apartment buildings...