France’s Armed Forces Minister Florence Parly will hold talks on Tuesday morning with Cyprus President Nicos Anastasiades, and Defence Minister Savvas Angelides on closer military cooperation. Parly will also visit the French aircraft carrier Charles De Gaulle, which is currently conducting operations in the Eastern Mediterranean. CNA said that President Anastasiades and other government and
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Cyprus Central Bank Governor Constantinos Herodotou argues profitability and the need to find new banking products besides lending, is a big challenge for banks of a small country. He said that geography, provided Cyprus’ banks with fewer opportunities to find new profitable products, but banks needed to find products other than borrowing to boost their
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Cyprus said Turkey’s “provocative actions” to open the fenced-off town of Varosha will not be tolerated, warning that Nicosia will not remain with its “hands tied”. Turkish and Turkish Cypriot officials entered the abandoned ghost town at the weekend to discuss potentially re-opening the area after 46 years, but this would be in violation of
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European Investment Bank President Werner Hoyer is in Cyprus to discuss recent and future investment in the country and see how the EIB is helping to improve education. “This visit provides a timely opportunity to update President Anastasiades on how the European Investment Bank is helping Cypriot businesses to grow and improve key services following
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By Hussein Sayed, Chief Market Strategist at FXTM Equity investors’ continued faith in central banks is evident in China’s market on Monday, with the CSI 300 index up more than 1%. The index has now recovered all of its losses since trading resumed after the Lunar New Year holiday, rising 10.9% from a low of
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Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of Larnaca port and marina, the island’s largest infrastructure project of its kind Transport Minister Yiannis Karousos announced on Thursday that the government has agreed with the consortium which is to take on the project after protracted negotiations. Tender negotiations between
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It is a fact that there is a shortage of suitable housing units to let as a result of which rental levels have increased over the last couple of years by 20%-30% depending on the location. The highest rental increases are in Limassol but also for all town apartments near the universities and colleges, as
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One wonders if the way the postal service is run, whether it is intentionally being driven into the ground to sell it off to the lowest bidder as rumours wildly suggest. There is nothing more anachronistic in Cyprus than the postal service, where the state of mind throughout the chain of command is reminiscent of
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In a push to promote electric vehicles the government is preparing another incentive scheme to tempt motorists to scrap their conventional cars by essentially offering them a way to charge their electric motors for free. Apart from the scrappage incentive scheme already launched, encouraging people to buy electric, the Energy Ministry is preparing a new
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For the moment coronavirus is not a pandemic but the signs are that China is struggling to keep it contained despite a huge effort to isolate parts of the population. It is easy to get into a moral panic over the virus spreading and worrying about contact with other people or travelling. Cyprus health authorities
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