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1471. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...

1472. Mountain region to get €400m revamp by 2030

The government’s plan to revitalise mountain communities by 2030 was presented on Thursday, with the grand project including more than 300 actions budgeted at €400 million....

1473. Islandwide rollout of 'pay as you throw' programme in 2022

The ‘pay as you throw’ programme is expected to be rolled out across Cyprus next year, President Nicos Anastasiades said Wednesday....

1474. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

1475. Cyprus celebrates Greek Independence

City officials in Nicosia are joining celebrations around the world to mark 200 years from the start of the Greek War of Independence, with a light show and a flag display set to adorn the southern part of the divided capital for the next three days...

1476. US supports Greece, Cyprus, Israel power initiative

The United States is “supportive of connecting distribution grids of mainland Europe to Cyprus and Israel via the EuroAsia Interconnector,” a spokesperson for the State Department said on Thursday, after Ankara on Monday formally protested a memorandum of understanding signed last week between Israel, Greece and Cyprus for the construction of a 2,000-megawatt undersea electricity cable....

1477. EastMed pipeline could be ready in five years

The EastMed pipeline could be in place in five years, Israeli Minister of National Infrastructure, Energy and Water Resources, Yuval Steinitz, has told the Cyprus News Agency (CNA), describing it as an extremely important project....

1478. Cyprus-Israel gas dispute deferred to firms

Israel and Cyprus have reached an understanding over gas reserves straddling their maritime border, the Cypriot energy minister said on Tuesday, in a key step towards resolving a nine-year impasse over offshore spoils...

1479. Cyprus, Israel and Greece agree to link power grids via subsea cable

Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids....

1480. Anastasiades, Greek PM discuss Cyprus issue

The Cyprus issue was the focus of a telephone conversation between Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nicos Anastasiades on Monday morning....

1481. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

1482. Coordination for green digital transition needed, Kokkinos says

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....

1483. Cyprus excited over Mars landing

A new Mars rover is expected to touch down on the red planet Thursday night, carrying names of people all around the world including Cyprus, but all the buzz is about a live event in Nicosia and a helicopter called Ingenuity...

1484. Government announces new housing schemes and incentives

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the government....

1485. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

1486. Oktay: Forget any bargaining over Varosha

1487. Emails from Cyprus connect dots on Jho Low

New information published by OCCRP suggests that Henley & Partners identified Jho Low as a high-risk client but worked with him anyway through a Cypriot company to get him a golden passport...

1488. The hidden world of soil and why we need to protect it

In the wake of the climate crisis over the last decades, we all talk about the state of the air we breathe and the quality of our water; both undoubtedly invaluable and essential to all life forms. However, we very often forget another key player; the part of Earth right under our feet, the soil....

1489. Archbishop will restore demolished houses, DISY Councillor says

Attorney General Giorgos Savvides, weighed in on the commotion caused by the Archbishopric’s unlawful demolition on Monday of four listed houses adjacent of its under-construction Cathedral project in the old town of Nicosia....

1490. Ferry link hopes end with a whimper

Shipping transport companies remained unconvinced over Cyprus’ effort to revive and subsidize a ferry link with Greece, with the government going back to the drawing board after no bidders came forward by Friday’s deadline...

1491. Informal Cyprob summit to take place in New York's Greentree

Cyprus’ outgoing Permanent Representative to the UN and Greek Cypriot negotiator, Andreas Mavroyiannis, said Monday that the informal five-party summit on the Cyprus Problem which the UN Secretary-General (UNSG) Antonio Guterres intends to convene is an ambitious project, adding that "we must not lose the window of opportunity that lies before us." ...

1492. Dueling small parties help pass budget

The House in the Republic of Cyprus approved a revision of the government’s 2021 state budget on Thursday, following a month of consultations between the administration and small opposition parties that offered additional amendments to the bill...

1493. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

1494. Cyprus aiming for full absorption of EU funds

Finance Minister Constantinos Petrides said Cyprus wants to achieve an absorption of 100% of the maximum of €968 million it could receive from the European structural and investment funds, but this requires that Cyprus invests in projects amounting to €1.8 billion....

1495. Cyprus, US officials mark 'watershed' moment in bilateral relations

Cypriot Foreign Minister Nicos Christodoulides and acting US Secretary of Homeland Security Chad Wolf attended the groundbreaking ceremony of the Cyprus Center for Land, Open-Seas and Port Security (CYCLOPS) took place in Larnaca on Monday, with the two officials lauding the strong partnership between Cyprus and the US as well as the crucial role that the training center will play in the region....

1496. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

1497. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

1498. Industrial/Logistics most attractive post COVID-19

Following the breakout of the COVID-19 pandemic, the Industrial/Logistics asset class has presently become the most attractive financing option for a majority of banks in Central & Eastern Europe, according to the results from the latest edition of KPMG’s Property Lending Barometer...

1499. Cyprus calls on Egypt to assist in persuading Turkey to shift intransigent stance

Cyprus President Nicos Anastasiades has asked the Egyptian government to exert every effort towards persuading Turkey to alter its intransigent stance and to reverse its unilateral and provocative actions, in view of ultimately easing of tensions in a consistent and sustained manner, allowing the cultivation of a climate that is conducive to facilitating the resumption of the peace process....

1500. New Chinese Ambassador hails deepening relations with Cyprus

China opposes any unilateral provocations and actions that undermine the peace and stability of Cyprus and the region and as a permanent member of the UN Security Council, it will continue to play a constructive and coordinating role in facilitating the settlement of the Cyprus problem, UNFICYP’s mandate renewal, and the implementation of relevant UN resolutions, to uphold fairness and justice for Cypriots, China's new Ambassador to Cyprus, Liu Yantao said, presenting on Thursday his credentials to Cyrpus President, Nicos Anastasiades....