Nicosia counts on Bulgaria’s support to implement EU sanctions and finalise the list of persons and entities targeted for Turkey’s illegal drills off Cyprus, said Foreign Minister Nikos Christodoulides. President Anastasiades is expected to pay an official visit to Bulgaria at the end of next month. Christodoulides was in Bulgaria Friday amid an escalation of
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Moscow denies any suggestion it intends to clinch a deal that constitutes recognition of the Turkish Cypriot breakaway state in occupied Cyprus, calling it “fake news”. Russia’s Foreign Ministry Spokesperson Maria Zakharova said Moscow has always followed a position of principles on the settlement of the Cyprus problem based on the relevant UN Security Council
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Debt Acquiring Companies have made their presence felt in Cyprus by changing the banking landscape and possibly having a future effect on the real estate market after acquiring asset-backed NPLs worth €14 bln. Following the recent sale of an NPL package worth of €400 mln by the Bank of Cyprus to Norwegian B2 Holdings Group, DACs
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Cyprus’ landmark General Healthcare System will post a surplus of €80 mln in its first year of full operation, according to the Health Insurance Organisation (HIO) which manages the scheme. Athos Tsinontides HIO general manager while presenting the 2020 budget for the HIO, to the House Health Committee, said estimated expenses of the GHS are
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Despite apparent failure to meet eco targets set by the EU for 2020, Nicosia is optimistic that it will achieve its 2030 goals with a 10-year roadmap on energy and the environment drafted by ministries. Agriculture Minister Costas Kadis is optimistic that the National Strategy Plan drawn up with the Energy Ministry will go a
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By Han Tan, Market Analyst at FXTM Asian currencies and equities are advancing amid subdued trading volumes on the eve of the Lunar New Year, despite news that the death toll from the coronavirus’ spread has climbed to 25, with new cases being reported in more countries, such as Vietnam and Singapore. Market participants
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Shipping Chamber deputy director-general Alexandros Josephides was reappointed as “International Maritime Organisation (IMO) Goodwill Maritime Ambassador” for Cyprus for the period 2020-2021. The Cyprus Shipping Chamber said, “this prestigious nomination and appointment reflects the recognition of the continuous and most valuable contribution of the Chamber over the years in promoting a Career at Sea and
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In Cyprus, the share of energy from renewable sources in gross final consumption reached 13.9% in 2018, exceeding the 13% national target set for 2020 but it is bottom for transport. It was up from 10.5% in 2017 and only 3.1% in 2004, but Cyprus has the EU’s lowest share when it comes to renewable
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Cyprus government spokesman Kyriacos Koushos retracted claims that Turkey may have stolen technical data on block 8 in the island’s Exclusive Economic Zone allegedly used to target an area for gas drilling. He said that the word “stolen” he used on Greece’s state broadcaster ERT on Wednesday was a mistaken “slip of the tongue” and
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Parliament is set to approve an amendment to the rent control law on Friday that makes it easier for landlords to evict tenants who fall into arrears or deliberately don’t pay their dues. The House is to vote on a bill which will reform the law regulating out-of-court settlements in disputes over property rental agreements.
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