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5131. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

5132. Latest inflation figures point up

Inflation is on the rise in Cyprus amid hikes in fuel prices with the annual rate reaching 2.5% last month, almost one percentage point compared to last year until August...

5133. Seven thousand fewer jobless in one year

The number of registered unemployed in Cyprus decreased in August 2018 by 7,137 people or 23%, compared to August last year...

5134. Cyprus makes the case for regional headquartering

Cyprus has emerged as a serious contender in the world of international investment, putting a conference in Limassol next week in a unique position to promote the island as a regional headquartering centre...

5135. More hotels to stay open during winter

Cyprus hoteliers say the occupancy rate has reached or exceeded 90%, with officials expecting good performance through the end of the year despite Russian numbers dwindling...

5136. Announcement of Appointment of Director

The Management of K. Treppides & Co Ltd is pleased to announce the appointment of Mrs Maria Sourmeli as a Director of the Firm, with effect from 1st September 2018...

5137. Merkel endorses Euro clearing move from London to Frankfurt

5138. Ronys Toungoulos achieves highest Mark in Module 2-ADIT

K. Treppides & Co Limited congratulates Manager Ronys Toungoulos for achieving the highest mark in Module 2-Advanced Diploma in International Taxation (ADIT). He is rewarded with the International Fiscal Association (IFA) prize which is highly recognized within the professional community worldwide....

5139. Monaco Telecom happy with MTN Cyprus acquisition

MTN Cyprus, a fast-growing telecommunications provider in the country, has officially been acquired by Monaco Telecom, with the new owner eyeing even better days for services on the island...

5140. Hellenic takes on 400,000 new customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

5141. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

5142. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

5143. More refugees picked up in Nicosia and Paphos

About 30 refugees on foot were picked up in the last 24 hours in Nicosia and Paphos, with authorities trying to ascertain the circumstances under which they reached the Republic of Cyprus...

5144. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

5145. President makes final offer to teachers

President Nicos Anastasiades has weighed in on the ongoing debacle between state educators and the government, drawing up a final offer to teachers and expecting an answer before the weekend is out...

5146. Ryanair adds Athens in 2018 winter route

Low-cost carrier Ryanair announced on Thursday a new route from Athens to London’s Luton airport, which will be part of the company’s winter 2018 schedule with three flights per week....

5147. Court ruling stirs Turkey tension

Greek-Turkish relations took a turn for the worse on Wednesday, with the Turkish Foreign Ministry and other senior officials accusing Athens of violating the Geneva Convention and of protecting terrorists....

5148. Bulgaria scrambling over Olympic bankruptcy

The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...

5149. Come back, support Greece

We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....

5150. Legal department terminates Agusta helicopter probe

The Legal Services department is closing the case of the controversial purchase of Agusta helicopters, saying investigators did not find evidence of wrongdoing...

5151. Turkish pilot could receive travel papers

Suleyman Ozkaynakci, the Turkish serviceman who piloted the helicopter in which he and seven other Turkish officers fled to Greece following Turkey’s failed coup in 2016, could be eligible to receive travel documents, according to the decision in May by the Council of State to grant him asylum....

5152. Over a thousand employees choose Co-Op buyout

Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...

5153. Cyprus puts team together to save gas deal

The Cyprus government is willing to renegotiate terms with an energy consortium, following concerns on the part of companies that worry new developments and low gas prices would render a current deal not profitable...

5154. AHI says US ban on arms sales to Cyprus «unlawful»

The US prohibition on sales of defense and military technology to Cyprus is “unlawful” and can be removed without the need for legislation, a Greek American lobby group has said....

5155. Local beer consumption and beer exports increase in July

Local beer consumption and beer exports from local breweries increased in July 2018, according to data released by the Statistical Service of the Republic of Cyprus....

5156. Judith Gail Garber to be appointed new US Ambassador to Cyprus

US President Donald Trump has announced on Tuesday his intention to appoint Judith Gail Garber of Virginia, as Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of Cyprus....

5157. Should we listen to President Trump or the diplomats?

As Greece finds itself faced with a wide range of challenges – from Turkey and the Eastern Mediterranean to its relationship with the Former Yugoslav Republic of Macedonia and developments on the Balkan peninsula – it would be useful to have a clear idea of Washington’s strategic objectives regarding these issues. This is regrettably not an easy task considering that what President Donald Trump says does not necessarily reflect official US policy....

5158. Fire death toll at 96 in eastern Attica

The death toll in last month’s deadly wildfire in eastern Attica rose to 96 on Tuesday, after a 68-year-old burns victim succumbed to his injuries....

5159. Two Greek soldiers released from Turkish jail return home

Two Greek soldiers freed after months in a Turkish prison returned to Greece by government jet early Wednesday after their unexpected release by a provincial court....

5160. Italy bridge: Genoa motorway collapse kills 35

A motorway bridge has collapsed in the northwest Italian city of Genoa, killing at least 35 people as vehicles plummeted to the ground, emergency services say....