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2611. Sanctions unfeasible and ineffective

Nathalie Tocci was a close adviser to former EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, during the years when the Cyprus Problem came – according to many - closer than ever to a solution. Today, she is a close advisor to Josep Borrell and, having monitored the Cyprus Problem for many years and having played a central role in the effort to formulate a European strategy for foreign policy, she has a strong view not only on Cyprus but also on the Greek-Turkish conflict. At the same time, she takes a critical approach to the efforts exerted by Athens and Nicosia to link sanctions against Turkey with those against Belarus. ...

2612. Climate change adds to plight of endangered sea turtles in Cyprus

Energy Minister Natasa Pilides gave assurances on Wednesday that the companies active in Cyprus’ exclusive economic zone are moving forward with their planning....

2613. Joint Cyprus-UK SAR exercise conducted off Limassol

The first Cyprus-UK joint search and rescue exercise in 2020 was successfully conducted off the coast of Limassol on Monday, a press release by the British High Commission said....

2614. Golden passports scheme to remain as is

The citizenship-by-investment program will not be terminated, nor will it be suspended for a short period as a way of managing the crisis developing crisis, the government decided during its Tuesday morning coffee at the Presidential Palace. What was strongly tabled was that a potential freezing or termination of the investment program at this point in time would send a message that the government is acting in light of the Al Jazeera publications, and that by extension, that it accepts them....

2615. Old rivalries continue in eastern Mediterranean

Greece has issued a competing navigational telex after Turkey extended seismic surveys in the eastern Mediterranean, with no signs between the two NATO allies of burying the hatchet over old rivalries that continue to this day...

2616. House President calls for suspension of 'golden passports' scheme

House President Demetris Syllouris has formally suggested to President Nicos Anastasiades that the Cyprus citizenship-by-investment scheme is paused until decisions for its improvement or even complete termination are taken, and called for a meeting of party leaders to discuss the scheme that has recently attracted international attention after a document leak led to a series of articles and videos published by the media network Al Jazeera....

2617. Over half of EMEA private businesses expect revenue to decline

2618. Cyprus 'golden passports' under more scrutiny

A foreign investigative report says leaked documents from the Republic of Cyprus suggest the island’s government violated its own rules in granting “golden passport” citizenships, with Cypriot officials denying the accusations and raising credibility issues over the report...

2619. EU keeps expanding future vaccine portfolio

EU Health Commissioner Stella Kyriakides said the European Commission has concluded exploratory talks with CureVac to purchase a potential vaccine against COVID-19...

2620. Justice minister on board with new drug policy

Justice Minister Emily Yiolitis says people addicted to drugs and alcohol ought not to be seen as lawbreakers but people who need treatment...

2621. Greek and Turkish warships in 'mini collision,' says defense source

A Greek and a Turkish warship were involved in a mini-collision on Wednesday during a standoff in the eastern Mediterranean, a Greek defense source said, describing it as an "accident."...

2622. Buyer’s market and herd immunity

The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...

2623. Cyprus and Russia come to terms

It will no longer be possible for wealthy Russians to distribute profit via dividends to foreign firms in Cyprus, after Nicosia said it agreed with Moscow on terms to amend a double tax treaty, but some say the island still kept some competitive advantages...

2624. Summer Internships Programme by PwC

Despite the difficult conditions and the challenges organisations are facing as a result of the COVID-19 pandemic, PwC Cyprus offers this year the opportunity to 90 university students to participate in the 3 summer internship programmes of the organisation...

2625. Church bells toll for Hagia Sophia

Archbishop of Cyprus Chrysostomos has ordered church bells across the island to ring on Friday, marking what he described as a “criminal conversion of Hagia Sophia into a mosque"...

2626. Greece ‘overreacted’ to Turkish research mission, Erdogan spokesman says

Ibrahim Kalin, spokesman of Turkish President Recep Tayyip Erdogan, said Thursday that Greece had “overreacted” to plans by Turkey to proceed with an oil-and-gas research mission south of Greek islands in the Eastern Mediterranean....

2627. Leaders of Cyprus, Greece coordinate response to new regional instabilities

The President of the Republic of Cyprus Nicos Anastasiades shared a telephone conversation with the Greek Prime Minister Kyriakos Mitsotakis on Wednesday to discuss ongoing regional developments in view of the navtex issued by Tukey on Tuesday announcing plans for seismic surveys is an area of sea between Cyprus and Crete....

2628. Presidents of Cyprus, Greece discuss escalating Turkish provocations

Cyprus President Nicos Anastasiades and Greece’s President Katerina Sakellaropoulou held their first meeting in Athens on Tuesday, focusing the discussion on Turkey’s actions in the region and the close ties between the two countries....

2629. Hard coal consumption in Cyprus higher than 2010 levels

Europe’s statistical service announced that recent years have seen a steady decline in hard coal consumption across the EU, but figures for Cyprus show that in 2019, hard coal consumption was much higher than the year before, and even higher than 2010 levels....

2630. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

2631. Anastasiades: Patriotic realism dictates solution through diplomacy, not weapons

Instead of a catastrophic scenario, we opt for diplomacy, the weapons of international law and Cyprus’ status as an EU member state. This is what is dictated by patriotic realism and rationalism, and not a rhetoric of empty slogans. The coming days are crucial as regards initiatives taken by the EU and the US in view of preventing a potential crisis through targeted measures towards Turkey....

2632. Dolphins spotted off Mackenzie beach

Dolphins took to Mackenzie beach in Larnaca for a swim early on Friday morning....

2633. Hagia Sophia mosque conversion verdict expected within 15 days, says report

A verdict on whether Hagia Sophia in Istanbul will be converted into a mosque is to be issued within 15 days, Turkey’s Daily Sabah reported Thursday....

2634. Bodyguard gunned down in Larnaca

A security guard was gunned down Thursday night in rural Larnaca, with reports saying the victim was a survivor in a previous mob hit in Ayia Napa back in 2016...

2635. LIDL Cyprus donates masks to fight Covid-19

2636. KISA weighs in on downtown clashes

An NGO director in Cyprus is challenging the notion that foreign rival gangs have desolated the historic centre of the capital, saying bad practices by some local employment agencies are often behind many disputes including a fatal incident last Sunday...

2637. UNHCR report: One per cent of humanity displaced

A UN Refugee Agency report released on Thursday showed that forced displacement is now affecting more than one per cent of humanity – 1 in every 97 people – and with fewer and fewer of those who flee being able to return home....

2638. Cyprus outlines drastic step on migration

Republic of Cyprus Interior Minister Nikos Nouris is urgently seeking a constitutional amendment to shorten the time of due process for asylum applicants, calling a set of government-sponsored bills a “holistic approach” to immigration during a press conference on Thursday...

2639. Businesses pursue strategies for turning challenges into opportunities

The results of the third round of the CFO Pulse survey conducted by PwC on the effects of COVID-19 on businesses and the wider economy reveal that 46% of CFOs believe that if COVID-19 were to end today, their company could get back to “business as usual” within three months...

2640. Mitsotakis makes Israel his first destination

Greek Prime Minister Kyriakos Mitsotakis is traveling to Israel today on his first foreign visit since the coronavirus outbreak. The message is clear, and it is being sent out in several directions. After deepening their mutually beneficial relationship (which is not aimed at any third country) for a decade, Greece and Israel are pushing ties to a new level....