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211. Cyprus behind on freezing Russian assets, EU official says

The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions amid the war in Ukraine, the bloc’s justice commissioner said Thursday...

212. Deutsche Bank to slash 800 jobs as part of new cost-cutting initiative

Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....

213. WHO leads regional effort to improve health and well-being of refugees and migrants

214. Cyprus faces economic losses due to rejected renewable energy production

The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....

215. Central Bank Governor: Sanctions' impact on economy not significant so far

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, was received on Friday morning (21/04) by the President of the Republic, Nicos Christodoulides. ...

216. Numerous foreclosure sales expected in 2023 and 2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

217. Easter Table: Lamb and Flaounes more expensive

The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....

218. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

219. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

220. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

221. North unhappy after US sub anchors in Limassol

Ankara and the Turkish Cypriot leadership repeated warnings over the weekend about Washington 'disrupting the balance' on the divided island, with their latest criticism targeting a deployed US attack submarine that anchored in Limassol...

222. Greek minister on rare visit to Turkey as tensions ease

NATO members Turkey and Greece can resolve their disputes through peaceful means and dialogue, Turkey’s defense minister said after talks with his Greek counterpart Tuesday, in the latest sign of easing tensions between the rival neighbors...

223. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

224. Turks cry foul over Cypriot army link to New Jersey

Ankara says it will 'never allow any harm to come to the Turkish Cypriots' while condemning US policy towards Cyprus, including an agreement last week between Greek Cypriot and New Jerseyan armies on a program viewed as a potential precursor to NATO...

225. Energy in focus: Greece, Cyprus, and Israel hold trilateral meeting

Foreign Ministers of Cyprus Constantinos Kombos, Greece Nikos Dendias and Israel Eli Cohen, who met on Friday in Nicosia, pointed out the importance of the trilateral energy cooperation and its contribution to the stability in the region....

226. New Jersey and Cyprus armies tie the knot

Cyprus and US relations have never been stronger, Minister of Defence of the Republic of Cyprus Michalis Giorgallas has stressed during the signing ceremony of a State Partnership Program between the Republic of Cyprus and the New Jersey National Guard...

227. Cyprus and Israel thankful for mutual support

The relations between Cyprus and Israel will flourish even more, Israeli Foreign Minister Eli Cohen who arrived Thursday on the island ahead of a tripartite meeting between Cyprus, Israel and Greece said, also noting that Cyprus is a safe place for Israelis...

228. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

229. Tatar: 'If Turkey changes its policy toward Cyprus, I will resign'

Ersin Tatar, the leader of Turkish Cypriots, has stated that he will resign and return to his family-owned TV channel if Turkey changes its policy on Cyprus after May 14....

230. Cyprus chips in as EU seeks quick ammo for Ukraine

The Republic of Cyprus has joined other EU member states as the European Defence Agency sought ways to procure ammunition for Ukraine, but ammo from Nicosia to Kiev is not expected any time soon...

231. Herodotus to banks on restructuring, interest rates and transparency in charges

The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....

232. Cyprus continues to up its defense game

A joint tactical drill, code-named 'PROTEAS – 1/23' which involved the design and implementation of special operations, was co-organized from February 20 to March 17 by the National Guard Naval Command and the United States Armed Forces...

233. ECB raises interest rates again by .5 percentage points

At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....

234. President eager to resume talks with Tatar

The President of the Republic, Nikos Christodoulidis, met with UN Assistant Secretary-General for Political Affairs, Rosemary DiCarlo, at the Presidential Palace, where they discussed the need for negotiations to resume in order to achieve a bizonal bicommunal federation within the agreed framework. ...

235. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

236. Kombos rules out Turkish proposals during Athens visit

Greece will continue to fully support the effort for a just and viable solution to the Cyprus problem, Greek Foreign Minister Nikos Dendias said after a meeting he held in Athens with Cyprus Foreign Minister Costantinos Kombos. The Cypriot FM noted in the joint statements after the meeting with Dendias, that no solution that will permanently divide the country nor a two-state solution will ever be accepted....

237. Nikos Christodoulides sworn in as 8th president of the republic

Cyprus’ president-elect, Nikos Christodoulides, was sworn in on Tuesday at a special ceremony at the House of Representatives, in Nicosia, with Parliament President, Annita Demetriou, wishing him “strength and endurance” to respond to the great responsibility he is assuming....

238. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

239. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

240. New US Ambassador presents her credentials to the President

The credentials of the new US Ambassador to Cyprus, Julie D. Fisher, were received today by the President of the Republic, Nicos Anastasiades....