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4081. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

4082. Inland under afternoon heat advisory

A heat advisory has been issued for Thursday afternoon due to extreme high temperatures in the interior, while milder temperatures are expected along the coast through the weekend...

4083. EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed

4084. Rape accuser reshapes legal defence

An arraignment hearing has been postponed for the British female accused of making false statements in the Ayia Napa gang rape case, with reports saying her local attorney is stepping aside due to disagreement on handling the defence...

4085. Go Trendy or Classic with garden furniture from JYSK

Do you want to be Trendy or Classis this August? To answer this, visit the JYSK store at Nicosia Mall. August, as the typical holiday month, is ideal for resting and relaxing with family and friends. That’s why JYSK, the famous Danish retailer chain, offers two garden furniture sets to two lucky winners to make your summer even more beautiful. A Trendy and a Classic one! ...

4086. Trump’s yuan move makes a China deal much harder

The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...

4087. Cyprus formally asks EU to share burden

Interior Minister Constantinos Petrides has made good on his promise to seek help in “practical ways” from his EU counterparts on the migration issue and redistribution of asylees...

4088. Exceeding expectations

In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...

4089. Week starts hot, low chance of rain

A low pressure system is affecting the area with the interior still under a hot sun in the upper 30’s, low 30’s along the coast, and low chances of mountain rain in the afternoon...

4090. Heat advisory but some rain chances

A heat advisory is in effect Sunday afternoon due to extreme high temperatures in the interior, while there are low chances of rain mainly in the mountains...

4091. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

4092. Getting warmer this weekend

Mostly clear skies are expected throughout the weekend with periods of scattered clouds and humidity levels likely to rise due to a low pressure system...

4093. Cyprus Tax Webcast, July 2019

4094. Digital Challenges for Internal Auditors & DPOs

4095. Foreign Ministers of Cyprus and Egypt to meet in Nicosia

Minister of Foreign Affairs Nikos Christodoulides and his Egytian counterpart, Sameh Shoukry will meet in Nicosia on Wednesday with the latter paying a one-day working visit to the island....

4096. Carbo One and Cyprus NOC presented their partnership in the run-up to the Olympics

Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through. ...

4097. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

4098. New details emerge in Israeli arrests

New details have emerged in the Ayia Napa alleged gang rape on how police ended up arresting a total of twelve suspects, all Israelis in their late teens who were later released with charges dropped...

4099. Anastasiades welcomes Greek PM

Newly elected Greek Prime Minister Kyriakos Mitsotakis arrived in Cyprus Monday morning for an official visit, the first after he assumed his duties. ...

4100. Another warm front moving in

A heat advisory continues to be in effect at the start of the week due to extreme high temperatures in the interior, with a low pressure system over the island and maximums expected to rise to around 41 degrees...

4101. Greek Prime Minister in Cyprus for an official visit

Greek Prime Minister Kyriakos Mitsotakis begins today a two-day official visit to Cyprus, his first after he assumed his duties following the elections of July 7th. He is accompanied, inter alia, by Greece`s Foreign Minister Nikos Dendias ...

4102. Israeli dozen exonerated in Ayia Napa case

A British female, who was the accuser in the alleged gang rape in Ayia Napa, is expected to be formally charged with public mischief on Monday, while all twelve Israeli teens are no longer suspects and have been released from custody...

4103. Police arrest Ayia Napa rape accuser

Police have arrested the Ayia Napa rape accuser on public mischief charges, with reports saying she is believed to have falsely claimed she was gang raped by Israeli teens ten days ago...

4104. “OLYMPIA” premieres in Cyprus

4105. Ice cubes for tigers as heatwave smashes European records

Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new normal. ...

4106. Baker Tilly Cyprus launches new interactive website

Baker Tilly Cyprus is pleased to announce the launch of a completely new interactive website (bakertilly.com.cy) that serves as a comprehensive resource in support of the form’s mission. Specifically, to provide a complete range of services, through a single point of contact, to create a quick, proactive response in all areas of service. ...

4107. Chief says gang rape case nearly wrapped up

Cyprus police say investigators are handling the Ayia Napa gang rape case discretely and objectively, adding that some reports finding their way in the press are inaccurate...

4108. Cyprus and Greece strike a chord on migration

Interior Minister Constantinos Petrides says immigration and refugee issues are of “national importance” during comments on return policies for undocumented migrants throughout the EU...

4109. Two new recycling and composting programmes in Limassol

Limassol Municipality is going ahead with the implementation of two new recycling and composting programmes aiming to properly manage waste by reducing, reusing and recycling it. ...

4110. Two-state solution: Negotiating tactic or inevitability

In an interview on Monday Turkish Foreign Minister Mevlut Cavusoglu said that in Crans Montana President Anastasiades told him that the best solution is a two-state solution and that later in New York Anastasiades said to move forward with a confederation. ...