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1831. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

1832. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...

1833. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

1834. Thomas Cook goes bust

The world’s oldest travel firm Thomas Cook collapsed on Monday, leaving hundreds of thousands of holidaymakers stranded around the world including Cyprus ...

1835. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

1836. Panic averted at Larnaca airport

Security officers at Larnaca Airport said there was no mal intent behind a minor explosion in a trash can outside a terminal entrance...

1837. 'Get ready for Brexit' launches in Cyprus

The UK Government launched on Monday a major information campaign urging UK nationals living in Cyprus to get ready for Brexit on 31 October...

1838. Speaker Bercow, champion of Britain's parliament in clash with Johnson, bows out

House of Commons Speaker John Bercow, champion of Britain’s parliament in its move to rein in Prime Minister Boris Johnson over Brexit, said on Monday he would stand down, issuing a warning to the government not to “degrade” parliament. ...

1839. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

1840. Cypriot vacationers shell out more abroad

Cypriots on holiday spend way more money and time abroad than in their own country, according to Eurostat, even as over half cannot afford a one-week annual holiday away from home...

1841. Woman still wanted in Larnaca travel scam

Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...

1842. Traveler arrested over suspicious documents

A judge in Paphos ordered a male traveler of undisclosed origins to be remanded in custody for five days, after airport police said they spotted inconsistencies in his documents as he was trying to catch a flight to Mykonos...

1843. Passport holder vindicated after months in jail

A French citizen who spent four months in jail awating trial after being accused of using a fake passport was vindicated on Monday, after a judge said a reasonable suspicion against him was not warranted...

1844. Fig Tree among world’s best beaches

The popular beach at Fig Tree Bay got third place in the Top 50 Best Beaches In The World 2019 in a recent Big Seven Travel survey...

1845. Greek PM in charm offensive aiming to ease primary surplus targets

Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....

1846. North and south touch base on West Nile virus

Members on the Bicommunal Technical Committee on Health met Wednesday to discuss the West Nile virus, following one death in the north and a number of cases throughout the island...

1847. Ercan officers suspended over police brutality video

Police officers at Ercan airport are being investigated over an alleged incident of violence, after a video made public showed a traveler being dragged and kicked by an officer while others were late to intervene...

1848. The first visits to Washington and Jerusalem

It’s only three weeks since Nikos Dendias took over the foreign affairs portfolio, but he has already sent a pretty clear signal regarding the new government’s foreign policy priorities...

1849. Britain begins escorting all UK vessels through Hormuz Strait

Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. ...

1850. AHDR hosts conference on peace education

The Association for Historical Dialogue and Research (AHDR) hosts this week in Cyprus the 43rd Conference of the International Institute on Peace Education (IIPE) entitled "Educating for a Culture of Peace in Divided Societies, History, Dialogue and Multiperspectivity Toward Reconciliation". The official kick off of the conference took place on Monday morning at the Home for Cooperation at the UN buffer zone in Nicosia. ...

1851. Cruise ship passenger airlifted to hospital

An Israeli passenger on board a cruise ship was airlifted to hospital on Monday due to a serious health emergency...

1852. Paphos-bound plane hit by lightning

A plane that landed at Paphos International Airport was struck by lightning on Tuesday, with reports saying Ryanair passengers were unharmed during the incident...

1853. Bidding for Nicosia bypass begins

The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...

1854. Six killed as severe weather hits Greece

1855. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

1856. Syrians trapped at Ercan head to Turkey

Turkish Cypriot officials say Ankara has decided to host 50 Syrians who have been trapped in Ercan airport due to visa issues...

1857. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...

1858. Custody issue raised in Marie abduction trial

Five defendants have pleaded not guilty to kidnapping charges in Marie’s abduction in 2017, while prosecution is facing mounting pressure to clarify whether or not the Norwegian father of the little girl had legal custody...

1859. 'No reason to panic' over stray missile

Turkish Cypriot officials confirmed Monday that they believe a part of a Russian-made S200 missile reached Cyprus early morning and caused multiple explosions, while a team of Turkish experts is traveling to the island to conduct tests...

1860. FANEROMENI19 Arts Festival

The patio of the Bank of Cyprus Cultural Foundation transformed into the stage for FANEROMENI19...