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1171. President anticipates information on sanctions today

We will probably receive on Friday the first concrete information that we have requested as regards the sanctions imposed to persons and legal entities in Cyprus, President of the Republic, Nikos Christodoulides has told CNA, adding that Cyprus is in contact with the USA and the UK on a daily basis about this issue "with a view to having all the information before us, so that the competent authorities of the Republic of Cyprus will do what they have to do."...

1172. Central Bank Governor: Sanctions' impact on economy not significant so far

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, was received on Friday morning (21/04) by the President of the Republic, Nicos Christodoulides. ...

1173. ''The impact of sanctions go beyond individuals and companies''

George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...

1174. Finance Minister considers lowering VAT rates for basic necessities

The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....

1175. Nicosia launches special unit to sift through sanctions

No derogation from EU sanctions will be tolerated, President of the Republic Nikos Christodoulides stressed on Wednesday during a meeting at the Presidential Palace on the sanctions imposed by the US and the UK against natural and legal persons from Cyprus. The President was also informed about the procedures to establish the National Sanctions Implementation Unit...

1176. Nicosia resolute amid damage control over sanctions

There is clear political will on the part of the Government so that there is no shadow of a doubt, Cyprus’ President, Nikos Christodoulides, said on Tuesday evening, when asked to comment on media reports regarding the inclusion of Cypriot natural and legal persons on the list of the latest sanctions by the US...

1177. Whistleblower suspicious of Biden's Cyprus trip in 2014

A former White House stenographer is accusing US President Joe Biden of committing crimes a decade ago in connection with Ukraine and Cypriot-registered gas company Burisma, while also raising suspicions over a private dinner in Limassol back in 2014...

1178. President willing to assist investigation into sanctions

President of the Republic, Nikos Christodoulides, has contacted a US administration high-ranking official expressing the government's will and determination to look into the cases of natural and legal entities in Cyprus that have been included in the US list of sanctions for facilitating Russian oligarchs who are subject to sanctions, asking for more information that will facilitate this investigation, Government Spokesperson, Konstantinos Letymbiotis, has told the Cyprus News Agency (CNA)....

1179. More Greek riddles as Ukraine seeks S300

Ukrainian Defense Minister Oleksii Reznikov says his recent trips abroad including a visit to Cyprus have been 'very important' as Kiev still negotiates for Soviet-made missiles ahead of the next Ukraine Defense Contact Group in Germany...

1180. BOC to pay dividends after 12 years

The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....

1181. Nicosia scrambles to protect brand after sanctions incident

President of Cyprus Nikos Christodoulides convened an extraordinary meeting on Thursday following the inclusion of Cypriot natural and legal persons in the lists of the latest sanctions published on Wednesday by the United States of America and the United Kingdom...

1182. Energy Minister puts forth Cyprus' natural gas to cut costs for consumers

Cyprus' Energy Minister George Papanastasiou said that, during his discussions with consortiums operating in the Cypriot Exclusive Economic Zone (EEZ), he suggested the option of importing natural gas quantities from the EEZ for power generation, in combination with LNG exports via a small LNG plant....

1183. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

1184. Greek banks freeze mortgage installments for 12 Months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

1185. HIO to present new plan for better healthcare services within a month

Health Insurance Organisation (HIO) will come up with a plan to optimize the General Healthcare System (GHS), in collaboration with the Health Ministry, Stavros Michael, President of HIO said in a statement, after meeting with the President of the Republic, Nikos Christodoulides, at the Presidential Palace on Monday....

1186. Greek and Turk connect over tombstone in Istanbul

Kerem Soyyilmaz knew very little about the 1923 population exchange between Greece and Turkey but felt such a strong urge to investigate after discovering in the summer of 2017 a marble slab with an inscription in Greek...

1187. Bookings for Cyprus-Piraeus route opens tomorrow

The booking system for the Cyprus – Piraeus route will open on Tuesday for those passengers who wish to travel to Greece by sea, Shipping Deputy Minister Marina Hadjimanolis said Monday....

1188. 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...

1189. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

1190. Cyprus’ Armenian rep calls on more countries to recognize

The Armenian religious representative in the Cypriot parliament told lawmakers on Thursday that the island’s support to his people has been 'invaluable' over the years, with the House observing a moment of silence for victims of the persecuted group during WWI...

1191. Macron's mission in China: Convincing Xi on Ukraine

1192. Philip Lane: Next ECB decisions on interest rates will be based on data (Video)

Philip Lane, the Chief Economist and member of the European Central Bank's (ECB) executive board has said the bank's next monetary policy decisions will be based on incoming data,...

1193. Cypriot President wraps up Cairo visit

Cyprus President, Nikos Christodoulides, concludes on Thursday his visit to Egypt, with a meeting with the Arab League Secretary General, Ahmed Aboul Gheit, at the League's seat. After the meeting Christodoulides will depart for Cyprus...

1194. 'Significant progress' of Cypriot economy noted by ECB chief economist

Philip R. Lane, member of the Executive Board and Chief Economist of the European Central Bank (ECB) said he is pleased to witness the significant progress of the Cypriot economy....

1195. Nikos Christodoulidis meets with President Sisi in Cairo

Cyprus’ President, Nikos Christodoulides, arrived in Cairo on Wednesday for a two-day visit, while later in the day he is to hold talks with his Egyptian counterpart, Abdel Fattah El-Sisi....

1196. Shocking arrest of Nicola Sturgeon's husband in SNP funding probe

Nicola Sturgeon's husband, Peter Murrell, has been arrested in connection with an investigation into the funding and finances of the Scottish National Party (SNP)....

1197. 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...

1198. Cypriot president visits Cairo

The Cyprus issue, ways to deepen bilateral relations in the fields of trade, economy and tourism, as well as Energy, will be the focus of a meeting on Wednesday in Cairo between President of the Republic, Nikos Christodoulides, and the President of Egypt, Abdel Fattah al-Sisi...

1199. 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....

1200. 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....