Search

1201. 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. ...

1202. 1st Energy Ministerial Meeting: Full support for Cyprus' and Greece's stance on regional energy issues

Full support for Cyprus' and Greece's stance on regional energy issues and for the expansion of security and environmental co-operation is the outcome of the 1st Energy Ministerial Meeting, held in Athens on Wednesday, and participated by Greece, Cyprus, Israel and the United States...

1203. Lifeline as Parliament accepts President's referral

The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...

1204. Unemployment in Cyprus drops to 6.5%

The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union ...

1205. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

1206. No policy shift seen on Crete-Attica power interconnection

The new Greek government will toe the line of its predecessor on the urgent need for and the safeguarding of the construction of the Crete-Attica power interconnection project, while supporting the international connection of Greece with Cyprus and Israel, according to statements made by Energy Minister Kostis Hatzidakis after his visit to Cyprus...

1207. Tzionis gets life in Strovolos murders

A Nicosia criminal court sentenced Loizos Tzionis to life imprisonment after he pleaded guilty to charges in the Strovolos double murder case in a surprise move in the courtroom...

1208. Brother gets six years in Strovolos double murder

A criminal court in Nicosia passed a sentence of six years to Lefteris Solomou, the half-brother of the main defendant in the Strovolos double murder, on burglary charges only...

1209. Man sentenced for stabbing unbegrudging friend

A man who stabbed his friend downtown Nicosia while being intoxicated has been sentenced to five years, with the victim reportedly saying he has forgiven his attacker...

1210. Greek PM: We choose peace and reconciliation, without giving up sovereign rights

History, which is recorded in books and in memories, is alive and present and reminds us of our obligation to defend justice and not be complacent, Prime Minister Kyriakos Mitsotakis said on Tuesday from the Cyprus Republic, where he is wrapping up a two-day official visit. ...

1211. Suspect arrested in Zakaki attempted murder

Limassol police arrested a male suspect on Tuesday who was wanted for attempted murder, in connection with an apparent dispute that ended up with a Sri Lankan woman in hospital with severe stab wounds...

1212. Cyprus nominates Stella Kyriakidou as country's new European Commissioner

Cyprus nominates DISY MP Stella Kyriakidou as the country's new European Commissioner. ...

1213. Sentence in Strovolos double murder on hold

A criminal court in Nicosia has sentenced Lefteris Solomou, the half-brother of his co-defendant in the Strovolos double murder, but details were left out due to a scheduled funeral on Wednesday afternoon...

1214. Early signs of civility and consensus

Despite some natural degree of skirmishing and isolated criticism, rays of civility, consensus and cooperation are breaking out across the Greek political landscape. ...

1215. Sara slams Tzionis with forgotten detail

The former girlfriend of accused double murderer Loizos Tzionis says the defendant confided in her that he had been planning to rob the Strovolos couple, who were found stabbed to death in their home in April 2018...

1216. Turkey will drill for gas until Cyprus accepts plan

Turkey will continue drilling for gas in waters off Cyprus if the internationally recognised Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara’s foreign minister said on Sunday. ...

1217. George Low murder still open case

The unsolved murder of George Low was back in the headlines this week, with some new information about additional possible suspects and a frustration over two identified suspects who remain at large...

1218. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

1219. Cyprus aims to be among the first to regulate blockchain technology

Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...

1220. Trump congratulates Mitsotakis, pledges to maintain close cooperation

The two leaders expressed their mutual interest in working together and continuing strong cooperation between the United States and Greece, the White House said. ...

1221. UK opposes Turkish drilling plans off Cyprus, calls for de-escalation

London opposes Turkish drilling plans off Cyprus and calls for de-escalation, noting that disputes such as this are resolved through dialogue...

1222. Eurogroup rules out any talk of primary surplus target reduction for Greece

Discussion on Greece was brief at Monday’s Eurogroup, but the council of eurozone finance minsters sent a clear message to Athens that creditors are ready to cooperate with the new government while warning that the handouts announced in May by the previous administration are putting growth and fiscal targets at risk...

1223. Deutsche Bank axes 18,000 jobs

1224. Cyprus should not be on the list of countries not getting US arms

In 1987, the US Department of State placed the Republic of Cyprus on a list of countries to which sales and transfers of defense articles and services is prohibited under the International Trade in Arms Regulations (ITAR). ...

1225. The liberal narrative and the risks

1226. Playing with fire

The emerging crisis in the Eastern Mediterranean over Turkey’s drilling activities in Cyprus’ exclusive economic zone (EEZ) raise the prospect of an open Greco-Turkish conflict to a level higher than anytime since the Imia crisis...

1227. Galanos on Famagusta: Now the time for government to take action

1228. Cyprus strongly protests to UN over airspace and sea violations by Turkey

Cyprus has strongly protested to the UN the violations of its national airspace, the infringements of international air traffic regulations in Cyprus’s flight information region and the illegal use of closed ports and airports in Cyprus by Turkey...

1229. Strovolos double murder trial gets ugly

A defence attorney in the Strovolos double murder trial accused a police officer of falsifying a document, prompting a heated exchange in the courtroom...

1230. Supreme Court revises triple murder sentence

Convicted killer Christakis Thoma, who knifed three men in Limassol over three years ago, will serve three consecutive life sentences after the Supreme Court changed his manslaughter sentence to premeditated murder...