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TELECOMS: ΜΤΝ and Huawei cooperate on 5G roll out in Cyprus

MTN Cyprus and Chinese telecoms giant Huawei have agreed on a strategic cooperation on the development of a 5G network in Cyprus, initially through a joint research programme and then using a

27th February 2019
Business

Cyprus should follow Norway’s 10 hydrocarbon commandments

. In 1973 the Norwegian Government and the local Parliament, denoting that oil resources should be used to build a better society on a long-term basis, agreed and recorded the "10 Commandments

27th February 2019
Comment

FINANCE: Deposits in Cyprus banks declined by EUR 340 mln in January

Total deposits in the Cyprus banking system amounted to €47.53 bln in January marking a net reduction of €342.7 mln compared to December, data released by the Central Bank of Cyprus (CBC)

27th February 2019
Business

CYPRUS: President invted to Buckingham Palace for special celebration

Cyprus President Nicos Anastasiades travels to London on Sunday to take part in a special event dedicated to Cyprus at Buckingham Palace. As a guest of the Royal Family, he will have

27th February 2019
Cyprus

TECHNOLOGY: Some 7% of EU business turnover is from web sales but 3% in Cyprus

When it comes to e-commerce Cyprus business is lagging behind most of Europe with web sales below the EU average at only 3% turnover putting it among the bottom four. In 2017,

27th February 2019
Business

CYPRUS: Turkey launches largest ever naval exercise in show of regional strength

Ankara on Wednesday launched what it calls "the biggest military exercise in the history of the Republic of Turkey" in regional muscle-flexing with a stern message aimed at Greece, Cyprus and Israel.

27th February 2019
Cyprus

Brexit: winding down the clock in the Last Chance Saloon

. The Last Chance Saloon is not a great bar to frequent; the prices are high, and the service is poor. But that’s where Michel Barnier and Theresa May have been socialising

27th February 2019
Comment

ENERGY: Cyprus to announce results of ExxonMobil gas drills

The Cyprus government and ExxonMobil will announce on Thursday the results of two offshore exploration drills conducted by the ExxonMobil and Qatar Petroleum venture in block 10 of the island’s Exclusive Economic

27th February 2019
Cyprus

POLITICS: Cyprus will study opinion on Mauritius for its UK bases

The opinion of the International Court of Justice (ICJ) that the UK illegally carved up Mauritius when it ended its colonization of the Indian Ocean islands needs to be considered further, Cyprus

26th February 2019
Cyprus

CYPRUS: Economic sentiment takes backseat as consumers lack confidence

Economic sentiment in Cyprus deteriorated slightly in February (112.3) as the University of Cyprus Economic Sentiment Indicator decreased by 0.1 points from January (112.4) and is 3.8 points worse off than a

26th February 2019
Business
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Higher output to pressure crude oil prices

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