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BREXIT: Shipping insurer London Club to set up Cyprus office

The London P&I Club, one of the world’s leading mutual marine liability insurers, is about to set up a Cyprus office to allow the British ship insurer to work uninterruptedly in the

24th July 2018
Cyprus

ENERGY: Tensions rise as Turkey threatens tit-for-tat gas drill off Cyprus

Turkey on Tuesday upped the ante over the island’s gas search after declaring it will start drilling off Cyprus if companies like US giant ExxonMobil plan to do the same in the

24th July 2018
Cyprus

CYPRUS: Cypriots to smash EU target for reducing plastic bag use

Cyprus is on course to smash an EU directive to bring down plastic bag use per person from 140 per year to just 20 earlier than expected.  The Cyprus Employers and Industrialists

24th July 2018
Cyprus

CYPRUS: Japan opens embassy in Nicosia as it seeks to boost trade

Japan opening an embassy in Nicosia marks an historic milestone in bilateral relations between the two countries, President Nicos Anastasiades said. In an address at the opening of the Embassy on Monday,

24th July 2018
Cyprus

CYPRUS: Nicosia has sent 60 firefighters to tackle killer Athens blaze

Cyprus on Tuesday sent 60 firefighters and two trucks to help Greece tackle a killer blaze outside Athens. The firefighters departed from Larnaca airport on a Greek airforce transport plane which also

24th July 2018
Cyprus

CYPRUS: Plastic bag charge encourages most customers to bring their own

Around 85% less plastic carrier bags have been distributed at supermarket tills, an impressive slump in demand in a matter of weeks since the compulsory charge was introduced on July 1. The

23rd July 2018
Cyprus

ECONOMY: Cyprus trade deficit declines in first four months

The island’s trade deficit narrowed by 19.3% in the first four months to April, the Cyprus Statistical Service said.  Cyprus’ trade deficit was €1.35 bln in January – April compared to €1.67

23rd July 2018
Business

POLITICS: UN envoy on Cyprus to test climate for peace

A United Nations envoy on Monday began contact with Cypriot leaders on the island to gauge whether the time is ripe to revive Cyprus reunification talks a year after they collapsed. UN

23rd July 2018
Cyprus

ECONOMY: Cyprus potatoes are back in fashion

Cyprus potatoes are the island’s leading agricultural export with figures on the rise after a decade in the doldrums. However, producers fear that the future of the sector is looking blurry as

23rd July 2018
Cyprus

TRAVEL: Ryanair profits dip as more strikes loom

Ryanair said on Monday said it profits were hit by lower fares due to high competition, unusually hot weather in Europe, the World Cup and uncertainty caused by pilot strikes. Lower summer

23rd July 2018
Cyprus
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