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151. Demetra Investment acquires 16% stake in Lordos Hotels

152. Canada legalizes marijuana

153. Turkey to drill in Mediterranean in October

154. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

155. The fall of a post-junta era symbol

156. Abandoned Berengaria goes up for auction

The abandoned Berengaria hotel in Cyprus, a historic building known around the world for its ‘ghosts lurking in the dark’ is going up for auction next month...

157. Cypriot drug companies accused of price gouging

A patients advocate group is accusing pharmaceutical agents of jacking up prices of non-prescription medication to cover their losses following mandatory price drops in certain prescribed medicines...

158. Greek Cypriot drivers cross north to fill ’er up

Greek Cypriot gas station owners are feeling the squeeze as many vehicle owners cross north to get petrol, causing up to 70% losses in the south...

159. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

160. 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....

161. 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...

162. French frigates could be built in Greece

Tsipras and Macron discussed the possible use of profits on Greek bonds held by the cental banks of other European countries, such as France, for the construction of frigates...

163. Millions in compensation to Cyprus Airports under review

A compensation agreement between the state and Hermes Airports is being challenged in parliament, echoing a public debate on how Larnaca and Paphos airports should receive government funds due to the operation of the illegal Ercan (Tymbou) airport in the north....

164. Tesco beats guidance with 28 percent full-year profit increase

Lewis joined Tesco in September 2014, tasked with turning around the group which had been hit by a fall in sales and profits due to changing shopping habits...

165. Ayia Napa is not the new Monte Carlo

In order to improve the image and quality of Ayia Napa, the real perpetrator has to be identified because a crime has been committed in the area and the culprit is our very own greedy, pretentious attitude....

166. Moody's sees robust economic recovery helping Cypriot banks

It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...