Greece and Egypt voiced serious concern over the Turkish President Recep Tayyip Erdogan’s decision to send military forces to Libya. In a telephone conversation with his Greek counterpart Nikos Dendias, Egyptian Foreign Minister Sameh Shoukry said they discussed the latest developments in Libya. They emphasised on the danger and negative effects of the Turkish move
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The British teenager found guilty of lying about being gang-raped in Ayia Napa by Israeli tourists has launched an appeal against her ‘unfair’ conviction at the Supreme Court. The 19-year-old returned to the UK last week after she was handed a four-month jail term, suspended for three years, at Famagusta District Court in Paralimni. She
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A government decision to include subsidies for used vehicles in a scrappage scheme has importers of new cars fuming over the inclusion saying it defeats the purpose of protecting the environment from harmful emissions. According to reports, the government is set to include a €1000 subsidy to encourage scrapping old cars in exchange for a
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Berengaria, the once-proud mountain resort, is poised to revive its former glory as a royal playground with owners of the derelict hotel agreeing on a deal with property developers Planetvision. Bank of Cyprus failed to sell the building at auction for €2.3 mln after coming into possession of the property through a debt-to-asset swap with
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Egyptian Petroleum Minister Tarek El Molla hailed the signing of the East Med Gas Forum foundation charter by Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine as a “historic moment” for Mediterranean cooperation. France has asked to join the EMGF, which aims to develop the region’s gas market and become an international body. Cyprus Energy
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Financial crisis survivors Cyprus and Greece are the only two EU countries where house prices and rents have remained in negative territory between 2007 and Q3 2019, according to Eurostat data. House prices and rents in the EU have followed very different paths since the financial crisis. While rents increased steadily throughout the period up
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Being connected while on the go is increasingly important in business but Cyprus employees are less likely to be provided with devices to keep them in touch when not at the office. Cyprus ranks in the bottom six in the EU for ensuring their employees can stay online outside the office environment. Some 61% of
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Police are investigating possible match-fixing cases after the Cyprus Football Association received notification of five suspicious fixtures from European football’s governing body UEFA. The latest corruption allegation casts a darker shadow over the clean reputation of Cypriot football. According to UEFA, suspicious betting activity was recorded in three second division games – Ermis Aradippou v Digenis
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By Hussein Sayed, Chief Market Strategist at FXTM The long-awaited “phase one” trade deal has finally been signed. After two turbulent years of trade disputes that have weighed on the global economy, investors got some relief on Wednesday with the US and China agreeing a pause in the trade war. The main ingredient of
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Energy Ministers from seven countries meet in Cairo Thursday to sign the Foundation Charter of the East Med Gas Forum (EMGF) aiming to upgrade the forum to the level of an international organisation. Cyprus, Egypt, Greece, Israel, Italy, Jordan and Palestine are the founding members of the forum that aims to increase energy ties and
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