Three Cypriots arrested in connection with an alleged Israeli ‘spy van’ equipped with sophisticated surveillance technology capable of hacking communications, were released on Friday. A Larnaca district court rejected a police request to remand them in custody while they continued their investigations. The three suspects, two men aged 30 and 35, and a woman aged
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Israeli Prime Minister Benjamin Netanyahu urged Israel, Cyprus and Greece to proceed immediately with an agreement to build the ambitious €7 bln EastMed gas pipeline. Israel sees this is as a way of dealing with Turkey after Ankara signed an accord with Libya to delimitate their mutual maritime zones. Netanyahu condemned the memorandum of understanding
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Cypriot petroleum company Petrolina is relocating to its privately-owned facilities at the new liquid petroleum gas terminal at Vasiliko on 1 January 2020 within the timeframe agreed with the authorities. With the completion of construction works at the Vasiliko Energy Centre, Petrolina is finishing one of the biggest investments ever made by a Cypriot company,
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By Lukman Otunuga, Senior Research Analyst at FXTM Stocks across Asia were mixed on Friday morning following another record high on Wall Street overnight. Investors cheered more positive news on the trade front after US Treasury Secretary Steven Mnuchin stated that the United States and China would sign their phase one deal in early January.
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Cyprus is reviewing ways to enable distressed borrowers to keep their homes after its ESTIA scheme for toxic mortgages has failed to generate interest with only 10% of loan defaulters applying for state aid. ESTIA was launched in September in an attempt to reduce Cyprus’ bad debt mountain. However, out of the approximately 15,000 households
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Cypriot EU Commissioner for Health and Food Safety Stella Kyriakides vowed to touch the lives of all EU citizens as the issues covered in her remit are every-day concerns from fighting cancer to what we eat. In her first trip to Cyprus as an EU Commissioner, Kyriakides attended a citizens’ dialogue in Nicosia. “This portfolio
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Cyprus President Nicos Anastasiades held a phone conversation with his Egyptian counterpart Abdel Fattah el-Sisi to discuss their joint opposition to the Turkey-Libya maritime and security accords. According to a written statement by Cyprus government spokesman Kyriakos Koushos during Thursday’s phone conversation the Egyptian President denounced the accord saying that it does not produce any
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Larnaca and Paphos airports have set a new annual passenger traffic record as they welcomed 11 million passengers for the first time. It is estimated that more than 11.3 million passengers will have travelled to and from the two airports by the end of the year. This continues an upward trend for Cyprus tourism over
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Cyprus police on Thursday arrested three Cypriots in connection with an alleged Israeli “spy van” equipped with sophisticated surveillance technology capable of hacking communications. The three suspects, two men aged 30 and 35, and a woman aged 41, face 13 charges related to violation of privacy laws, processing private data, falsely obtaining documents and breaking
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Turkish Cypriot leader Mustafa Akinci argues that Cyprus is increasing energy tension with its regional military alliances while the US lifting the arms embargo is another negative step. Akinci said that only sharing the island’s natural resources can bring peace and prosperity but the energy standoff has seen drones stationed on both sides of the
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