Career banker Constantinos Loizides is returning to Hellenic Bank as its new chief executive after 15 years, following the unexpected resignation Wednesday of CEO Ioannis Matsis, media reports said. Matsis stepped down after 40 months at the helm of the island’s second-largest lender, a surprise decision that had immediate effect. No explanation has been provided
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French Armed Forces Minister Florence Parly stressed the need to respect the rule of law in the Eastern Mediterranean as the first joint military exercise involving Greece, Cyprus, France and Italy in the region began. “The eastern Mediterranean is becoming a zone of tension. Respect for international law must be the rule and not the
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While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator. The indicator reached 81.6 points in August from 79.7 in July but it is way off last year’s level of 110.7 after the fallout from COVID-19 lockdown and
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President Nicos Anastasiades has told the UN chief that Turkish threats to reopen the fenced-off town of Varosha would be dangerous with a negative impact on the resumption of moribund Cyprus talks. Anastasiades fired the warning during a telephone conversation on Tuesday with UN Secretary-General Antonio Guterres. “President Anastasiades underlined the very serious dangers of
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Cyprus Health Minister Constantinos Ioannou made a red-faced public apology after authorities had to backtrack declaring the 30 positive COVID-19 cases detected at the airport on Monday were tainted. Health authorities found themselves in a tight spot on Wednesday when they had to explain how some 26 out of 30 COVID-19 cases reported on Monday
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In a show of military strength, Cyprus, Greece, France, and Italy have decided on a joint naval and aerial exercise in the eastern Mediterranean on Wednesday, the Cypriot Defence Ministry said. The initiative, codenamed “Evnomia”, involving naval and aerial assets from the four EU countries, will take place in the maritime area, south of Cyprus,
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Authorities in the Turkish occupied north of Cyprus have reported four more COVID-19 cases, taking the total number of infections on both sides of the divide to 1,755 and 24 deaths. Cases reported in the north now stand at 281 and four deaths since the outbreak in March. Republic of Cyprus health authorities on Tuesday
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Cyprus confirmed 14 more Covid-19 infections on Tuesday with health authorities unable to bring cases down to single-digit daily figures. Tuesday’s cases come after the spike of 39 on Monday but still, the daily tally remains relatively high, although most cases are ‘imported’. The 14 cases were found after an unusually low number of 2,769
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Cyprus Citizenship for Investment scheme has not only attracted Al Jazeera’s attention but also come under scrutiny from global anti-corruption watchdog Transparency International who wants it binned. Transparency International, a Berlin-based non-governmental organization, committed to combating global corruption, has called on the European Commission to take decisive action against the scandal-ridden ‘golden visa’ schemes. The
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F-16 Greek fighter jets and French Rafale warplanes arrived at Andreas Papandreou airbase in Paphos on Tuesday as they prepare to take part in military exercises off Cyprus later this week. CyBC stated official sources saying the military aircraft are in Cyprus as part of a show of strength in the region to counter Turkish
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