The UK Foreign Office has assured the Cypriot diaspora that Britain opposes any illegal activity by Turkey inside Cyprus waters. This position is contained in an FCO letter to 15 UK Cypriots who had written to Foreign Secretary Raab asking for London’s support against Turkey’s “second invasion” in Cyprus’ Exclusive Economic Zone. It said the
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By Hussein Sayed, Chief Market Strategist at FXTM Stocks in Asian markets were deep in the red on Monday, led by a 3% decline in South Korea’s Kospi index, as the country declared the highest state of alert, given the coronavirus infections surge. US stocks are pointing towards a sharp fall on Monday, with the
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A 22-year-old Palestinian man is in police custody suspected of the robbery and murder of Ahmed Bin Talib, 24, from Pakistan in central Nicosia on Sunday. The suspect appeared before a Nicosia district court on Monday where police requested, he be remanded in custody for 8 days. Police have issued an arrest warrant for a
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President Nicos Anastasiades will begin a two-day official visit to Bulgaria on Tuesday to promote business ties in only his second trip to the fellow-EU country during his tenure. During his official visit, President Anastasiades will meet the leadership of the country and senior officials of Bulgaria and address a business forum of Cypriot and
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An 18-year-old female member of the French navy fell to her death, under unknown circumstances, from the fifth floor of her hotel room in Limassol early on Monday, Cyprus police said. Police said that they are investigating an “unnatural death” but believe no crime was committed. The woman fell from her balcony and landed on
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Cyprus rolled out a shiny new healthcare delivery service to improve the standard of treatment on every level and, hopefully, rid disparities between the haves and the have nots in medicine. Under the General Healthcare System Cypriots were introduced to the GP structure where everyone had a family/personal doctor. It serves as the first line
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Notwithstanding that 40% of Cyprus is covered with trees and bushes it has a long way to go in upgrading the environmental requirements. To this end, the recent announcement by the Minister of Agriculture to plant more and more trees to help buffer climate change is a decision in the right direction. How is this
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While deposit rates are at rock bottom with some banks even applying negative interest on large sums, Insurance companies argue that their investment funds may offer shrewd investors a way out. According to the Association of Insurance Companies, Insurance Investment Funds are bringing in double-figure yields. Insurance Investment Funds are investment plans linked to life
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A frequent French naval presence in the Eastern Mediterranean, especially Cyprus’ EEZ, sends a clear message to Turkey that creates instability and tensions in the region, said President Nicos Anastasiades. He made the comments in his address Saturday onboard the French aircraft carrier Charles de Gaulle docked in Limassol port. “The deployment of France’s major
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Retail high-street banks in Cyprus seem to be struggling with the aftermath of the 2012-13 fallout, cautious of taking risks and sitting on bundles of cash with little direction of what to do. And this, because their primary source of revenue, in the present low-interest environment, comes from charges and fees, which in some cases
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