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1321. House prepares to define good and bad borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

1322. Government welcomes Diko support on bad loans

The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...

1323. Bad loans revive MP financial disclosure debate

A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...

1324. G.A.P. Vassilopoulos Group strikes a deal with UPS

G.A.P. VASSILOPOULOS Group has entered into an agreement to be the authorized service contractor for UPS in Cyprus as of July 1st 2018...

1325. UK minister visits Cyprus to touch base

British Minister of State for the Armed Forces Mark Lancaster is on a two day visit on the island to help strengthen defence cooperation between his country and the Republic of Cyprus...

1326. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

1327. Publicising court rulings blocked due to GDPR

The Supreme Court has decided to block the publicising of court rulings until special legislation can be enacted that would comply with the EU General Data Protection Regulation...

1328. Paphos mayor issues warning to police

Paphos Mayor Phedonas Phedonos has levelled new accusations against Cyprus police, pointing to a prison inmate abuse with hot water that was not reported as well as saying he has evidence that cops knew about secret drone operations while dismissing his allegations on the matter...

1329. Turkish ship to begin drilling for gas in Eastern Mediterranean

The Turkish drillship Fatih was to set sail on Thursday from the Gulf of Izmit for the eastern Mediterranean to begin exploration for oil and gas....

1330. Police carry out overnight sweep in Limassol

A new large-scale sweep operation took place Wednesday night in Limassol district, with over 100 police officers conducting multiple searches and making arrests as part of an ongoing effort to combat organised crime...

1331. Turkey will shop elsewhere if US won't sell F-35 jets

Turkey will go elsewhere if the United States does not allow it to buy Lockheed Martin’s F-35 jets, Foreign Minister Mevlut Cavusoglu was quoted as saying by broadcaster NTV and other media on Wednesday...

1332. Cyprus remains a safe haven for those in need

Cyprus will remain a safe haven for those in need, especially for the refugees who are forced to abandon their homes and families, Defence Minister Savvas Angelides said...

1333. Mueller probes PSY Group’s money flow into Cyprus

US Special Counsel Robert Mueller is turning his attention to Cyprus and bank records of an Israeli-based firm that worked together with Cambridge Analytica to boost election chances for President Donald Trump...

1334. Environmental study holding up casino resort

A potentially huge glitch has appeared just days ahead of the scheduled stone laying ceremony for the Cypriot casino resort, with an environmental impact assessment not yet in the clear and the company blaming the delay on British military interests...

1335. UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

1336. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

1337. Thomas Cook buoyed by strong demand for Turkey, Greece, Egypt holidays

British holiday company Thomas Cook said it was on track to meet annual forecasts helped by strong demand for holidays to Turkey, Greece and Egypt, and as part of its plan to shift capacity away from parts of Spain where margins are lower...

1338. Greece's Souda Bay naval base is ‘world-class’

Greece’s military base in Souda Bay, Crete, is an “essential hub” for NATO operations in the Mediterranean, combining world-class facilities with access to North Africa, the Commander of Allied Joint Force Command Naples and US Naval Forces Europe and Africa, US Navy Admiral James Foggo....

1339. Eastern Mediterranean faces 'security threat' from Cyprus

The eastern Mediterranean region will face a sustained security threat if Cyprus continues unilateral operations there, Turkish President Tayyip Erdogan said...

1340. All lights 'set on green' for end to Greek bailout

Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...

1341. UN official in Cyprus for fact-finding tour on peacekeeping

UN Assistant Secretary-General for Peacekeeping Operations Bintou Keita is in Cyprus to review the UN peacekeeping force (UNFICYP) and the ongoing progress in the implementation of the Security Council-mandated strategic review of the Mission...

1342. Akinci says East Med pipeline not a route for peace

Turkish Cypriot leader Mustafa Akinci says plans to push forward for the EastMed pipeline are counter to peace efforts in the region, adding that an energy solution which excludes Turkey would be a mistake...

1343. Cyprus, Greece, Israel recommit to a way forward

President Nicos Anastasiades says a ‘code of conduct’ has been established between Cyprus, Greece, and Israel, following the completion of a trilateral meeting in Nicosia that yielded a long declaration and paved the way for another meeting before the year is out to discuss an ambitious EastMed pipeline...

1344. Prince Charles: ‘Greece is in my blood’

Ahead of an official visit to Greece, the Prince of Wales referred to his close connection to and “fascination” with the country, saying in exclusive comments to Kathimerini that Greece is “in my blood.”...

1345. Business cooperation at the heart of Moscow-Nicosia partnership

The two countries have common cultural and religious traditions, mutual trust and support, and one of the pillars of their partnership is business ties...

1346. Facebook reveals secrets on how it polices the service

Facebook has faced fierce criticism from governments and rights groups in many countries for failing to do enough to stem hate speech...

1347. Cyprus recovery is being recognised by international agencies

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

1348. London believes Cyprus peace process should start sooner than later

British High Commissioner says "whatever is going to happen should start to happen quickly because after such a long delay since last summer and with other things that are happening, the world is not waiting"...

1349. May assures Cyprus that use of RAF base was limited

1350. Nicosia calls for dialogue after Syria offensive

Cyprus airspace was not used and neither its Flight Information Region or its air corridors were affected by the military operation which saw UK fighter jets take-off from RAF Akrotiri...