Search

661. Cyprus and Egypt to sign agreement for sub-sea European pipeline

662. August tourist arrivals highest ever

The Cyprus Tourism Organization says tourist arrivals on the island have never been better for the month of August until this year, as new countries are filling the void created by bigger markets...

663. Greece on the energy map with the support of big players

There has been a serious uptick in activity concerning the energy sector in the broader region in the past few months and Greece has a potentially pivotal role to play in developments....

664. Monaco Telecom happy with MTN Cyprus acquisition

MTN Cyprus, a fast-growing telecommunications provider in the country, has officially been acquired by Monaco Telecom, with the new owner eyeing even better days for services on the island...

665. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

666. Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....

667. ECB lowers emergency funding cap for Greek banks to 8.4 bln euros

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday....

668. New law marks the end of tourism bureaucracy

The House voted this week to scrap the Cyprus Tourism Organisation (CTO), essentially transferring tourism responsibilities from a large bureaucracy to a leaner structure to boost flexibility and competitiveness...

669. Government exploring ways to suspend pension cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....

670. Debt deal exceeded market expectations, Tsipras says

Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal for Greece during a televised exchange with President Prokopis Pavlopoulos, referring to a "historic" agreement that exceeded the expectations of the markets....

671. Out-of-towner enters Nicosia competition

Papantoniou Supermarkets is getting ready to set up shop in the middle of a tough competitive market in western Nicosia, where other giants also stake a claim, but there are still some permit hurdles for the out-of-town family...

672. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...

673. North Korea still wants to talk after Trump nuked summit

North Korea responded on Friday with measured tones to US President Donald Trump’s decision to call off a historic summit with leader Kim Jong Un scheduled for next month, saying Pyongyang hoped for a “Trump formula” to resolve the standoff over its nuclear weapons programme...

674. Russian 'dirty money' flowing through London damages UK

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

675. Booming Cyprus breaks more tourism records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

676. Netflix's next big thing: feeding the service with its own movies

As Hollywood studios unleash their summer blockbusters into theatres, Netflix is trying to give film buffs a reason to stay home...

677. North Korea reconsiders summit with Trump, puts talks on ice

North Korea threw next month’s unprecedented summit between Kim Jong Un and Donald Trump into doubt, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists on unilateral denuclearization...

678. Bank of England keeps powder dry on rate rise

The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...

679. MPs halt medical cannabis bill due to recent crimes

Members of the House are turning against a medical marijuana bill, citing recent horrific crimes on the island and fears they may be linked to the use of cannabis. But studies suggest that decriminalisation has actually helped violent crime rates drop considerably....

680. TUI plans to bring more German tourists to Cyprus

TUI holiday operator hopes to bring more German tourists to Cyprus next year, starting in the summer of 2019 while boosting efforts to make the island an all-year-round destination...

681. EU predicts strong growth as unemployment declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

682. Russian tourist arrivals expected to drop this year

Holiday reservations appear to be down this time of the year but experts believe things could be on the upswing again, even as Russian arrivals in Cyprus take a hit due to competition from Turkey...

683. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

684. Cyprus registers record number of tourists in March

Tourist arrivals in March rocketed 36.4%...

685. Threat of US-Russia battle hangs over Syria

Two days ago U.S. President Donald Trump warned that missiles “will be coming” in response to that attack...

686. Banks in Cyprus, Greece and Portugal may need further reserve build-up

Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...

687. Consumers group calls for Easter boycott

The Cyprus Consumers Union is calling for a boycott on seasonal fruit and vegetables, warning businesses that supporters of the group will shop only at produce markets where prices return to normal, lower levels....

688. China retaliates for US tariffs, slaps duties on soybeans, planes, autos

The scale of China’s tariff targets was in line with Beijing’s pledge to mount a commensurate response...

689. China hammers US goods with tariffs

Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 percent...

690. Coops privatisation process attracts «significant investor interest»

The privatisation process of the Cyprus Cooperative Bank (CCB) attracted “significant interest” both from financial entities in Cyprus and abroad in acquiring a stake in its share capital of part of its assets, the CCB said after the completion of the first phase concerning the expression of interest....