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991. Greek jets fly over Larnaca military drill

Two Greek F-16 jets flew over Larnaca’s Kalo Chorio firing range on Thursday morning, while a training exercise of the Cypriot National Guard was in progress...

992. Tell-all interview with Christopher Pincher

Brexit would not change the relationship between the United Kingdom and Cyprus, according to British Minister Christopher Pincher, who gave a tell-all interview to Kathimerini Cyprus...

993. Nicosia awaits EU council decisions on Turkey

The President of Cyprus Nicos Anastasiades expressed on Tuesday his satisfaction over the decision of EU Foreign Ministers with regard to Turkey’s illegal drilling activities in the Eastern Mediterranean, and said he expected the European Council to endorse sanctions in its upcoming meeting...

994. Tusk sides with Nicosia over Turkish actions

European Council President Donald Tusk has reiterated EU solidarity towards Nicosia, in light of new Turkish drilling activities off the coast of Cyprus...

995. Trump hopes to mediate between Turkey and Kurds

US President Donald Trump has put three options on the table for US action following heavy criticism and worldwide condemnation of Turkey’s military offensive in Syria...

996. Egypt, Cyprus, Greece condemn gas exploration by Turkey

Egypt, Cyprus, and Greece are condemning an "unlawful and unacceptable" bid by Turkey to drill inside waters where Cyprus has exclusive economic rights....

997. Nicosia uses all legal, political and diplomatic means at its disposal to face Turkey's new provocations, spokesman says

The Republic of Cyprus uses all the legal, political and diplomatic means at its disposal to address new Turkish provocations in Cyprus’ Exclusive Economic Zone, Government Spokesman Prodromos Prodromou said on Friday, following the meeting of the National Council under Cyprus President Nicos Anastasiades....

998. UK deplores any drilling in the waters close to Cyprus, supports Cyprus' right to extract oils

Britain deplores any drilling in the waters close to Cyprus and supports Cyprus’ right to extract oils in its Exclusive Economic Zone, British Minister for Europe Christopher Pincher, said on Friday, adding at the same time that the oil wealth should be extracted for the benefit of all Cypriots on the island of Cyprus....

999. Yavuz on its way to a new well

Turkey is sending an oil and gas drilling ship to waters off southern Cyprus where Greek Cypriot authorities have already awarded exploration rights to Italian and French companies, according to Turkish statements on Thursday....

1000. US guided-missile destroyer USS Gonzalez arrives in Larnaca port

The Arleigh Burke-class guided-missile destroyer USS Gonzalez (DDG 66) arrived in Larnaca port, Cyprus, on October 1st, for a scheduled visit. It is currently deployed in support of US national security interests in the US 6th Fleet area of operations....

1001. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

1002. Anastasiades: We accept political equality

In this context and following a call from the Secretary General for an agreed basis for the resumption of negotiations, there is an understanding by the leaders of the two communities that the relevant “Terms of Reference” should comprise the following elements: ...

1003. US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast of Paphos. It confirms the difficulties faced by the two Turkish drilling rigs that are related to the reluctance of major firms to cooperate with Turkey in the supply of materials for research and extraction of hydrocarbons. ...

1004. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

1005. Cavusoglu speaks to Kathimerini

Our meeting with the Turkish Foreign Minister Mevlut Cavusoglu took place in Famagusta on September 9, 2019, the day the Turkish official entered the fenced-off town of Varosha ...

1006. Turkish drillship starts operations off Karpasia peninsula

Turkish drillship “Yavuz” has begun operating off the coast of Cyprus, just south of the Karpasia (Kaspas) peninsula and will remain there for three weeks, Cypriot media reported Tuesday, citing an article in Turkey’s pro-government newspaper Daily Sabah. ...

1007. Greece's Energean snaps up four new Israeli offshore licenses

Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday...

1008. Ayia Napa C2 holds grand opening

The Ayia Napa satellite casino is having its grand opening on Wednesday right in the heart of the resort town...

1009. Nicosia grants approval to ENI, Total to drill in Block 7

Nicosia has granted approval to the energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved nine other drilling operations within the EEZ over the next two years...

1010. Lacroix-Anastasiades discuss UNFICYP’s mandate

Government Spokesman Prodromos Prodromou said on Wednesday that President Anastasiades had the opportunity to raise the matter of Turkey’s provocations within Cyprus’ exclusive economic zone (EEZ) as well as his efforts for the resumption of reunification talks during a meeting with Jean-Pierre Lacroix, UN Under-Secretary-General for Peace Operations. ...

1011. Pyatt calls for stronger defense cooperation

“The United States has spoken very clearly on the question of the S400 and the F-35. We’ve spoken very clearly on the provocative nature of the drilling activities that Turkey has engaged in in waters off of Cyprus. But none of that changes the fact that we, like you, need to find a way to make this work,” Pyatt added....

1012. 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 ...

1013. The EU28 adopted measures against Turkey's illegal drilling in Cyprus

The EU Foreign Ministers endorsed, without any changes the conclusions prepared by the permanent representatives, concerning Turkey’s illegal drilling in the Exclusive Economic Zone (EEZ) of Cyprus, cutting the EU pre-accession assitance for 2020, suspending EU- Turkey high political dialogues and stopping European Investment Bank’ lending activities in the country....

1014. Turkey will drill for gas until Cyprus accepts plan

Turkey will continue drilling for gas in waters off Cyprus if the internationally recognised Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara’s foreign minister said on Sunday. ...

1015. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

1016. 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. ...

1017. 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. ...

1018. EU High Representative warns Turkey over new drilling operation off Cyprus

The EU High Representative Federica Mogherini warned on Monday Turkey over its intended new drilling operation at the northeast of Cyprus, recalling that Turkey`s continued actions have a serious negative impact across the range of EU-Turkey relations and that "as mandated by the European Council, the Commission and the EEAS are about to present options to the Council for appropriate measures." ...

1019. Deutsche Bank axes 18,000 jobs

1020. Cypriots get a glimpse of City of Dreams

The Cyprus Casinos "C2" are celebrating their first anniversary in Cyprus and the company chose to look ahead with images and video of the City of Dreams Mediterranean Integrated Casino Resort (ICR), scheduled to open in Limassol in late 2021...