A return ticket for a new passenger ferry between Limassol and Piraeus, Greece, will cost the same as an airline ticket to Athens from Cyprus, according to the Deputy Ministry of Shipping. Fares for the re-established ferry link are expected to cost around €130, said Deputy Minister for Shipping Natasa Pilides on Tuesday After attending
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Income to implement Cyprus’ landmark General Healthcare System (GHS) from March 1 until October 2019 increased by €20 million, while expenditure fell by €50 mln compared to initial projections. In statements to CNA, Cyprus Health Insurance Organisation’s (HIO) senior officer Angelos Tropis said that contributions for GHS from March 1 until the end of October
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By Lukman Otunuga, Senior Research Analyst at FXTM The mood across financial markets continued to brighten on Tuesday amid signs of further goodwill between the US and China ahead of the “phase one” trade deal signing ceremony. The US Treasury Department is expected to remove the designation of China as a ‘currency manipulator’, thus
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Cyprus and Greece Foreign Ministers said Turkey’s activities in the East Med and Aegean are counterproductive and taking Ankara outside international law. Cyprus Foreign Minister Nikos Christodoulides and his Greek counterpart Nikos Dendias discussed in Athens recent developments in the Eastern Mediterranean. “We discussed Turkey’s illegal actions, which are not limited to Cyprus’ exclusive economic
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Increasing hints that the Bank of England will cut interest rates is likely to prompt investors into overseas financial assets, affirms the CEO of one of the world’s largest independent financial services and advisory organisations. Nigel Green, chief executive and founder of deVere Group, is speaking out as the pound came under pressure on Monday
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Cyprus has mandated investment banks to manage a double bond issue comprising a 10-year and 20-year euro-denominated bonds, the Ministry of Finance announced. “The Republic of Cyprus, rated BBB- (stable) by Standard and Poor`s, Ba2 (positive) by Moody`s, BBB- (positive) by Fitch and BBBL (positive) by DBRS, has mandated GOLDMAN SACHS, BANK OF AMERICA, CITI
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Government efforts to counter rising rents and homelessness by giving incentives to building developers to put cheaper flats on the market has fallen short. Part of the state’s new housing policy is a scheme for affordable housing which sees the government offering incentives to developers in return for cost-price homes for low-income groups. However, no
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Attorney-general Costas Clerides has appointed two independent investigators to probe circumstances that led to the suicide of a 15-year-old boy last September after a critical report blamed police and social services. A written statement issued by the state Legal Service on Monday said Clerides has appointed two lawyers Modestos Poyiadji and Andreas Andreou to look
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In 2019, 93% of EU enterprises with 10 or more employees used at least one ICT security measure, control or procedure in order to ensure integrity, authenticity, availability and confidentiality of data. One in three enterprises (34%) reported having documents on measures, practices or procedures on ICT security, according to Eurostat. Some 62% of enterprises
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Cyprus Foreign Minister Nikos Christodoulides will hold meetings with Greek Prime Minister Kyriakos Mitsotakis and Greece’s Foreign Minister Nikos Dendias as Athens and Nicosia coordinate regional diplomacy. On Monday, the two Foreign Ministers will discuss bilateral relations, the Cyprus Problem, as well as issues of regional interest such as Turkey-EU relations and maritime accord Libya
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