Expect the British pound to soar above predictions to $1.40, billions of pent up business investment to be unleashed to boost the UK economy, and the FTSE 100 to open stronger before paring back, as Boris Johnson’s Conservatives secure an impressive majority in the UK general election. But there are many serious challenges ahead, warned
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Cyprus, France and Italy conducted a joint naval exercise off the island’s coast on Thursday in a show of strength as East Med tensions over energy rights simmer. In the framework of Cyprus’ defence cooperation with France and Italy, an aeronautical exercise “PASSEX” was held Thursday within the island’s EEZ codenamed “CYP / FRA /
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Cyprus Finance Minister Constantinos Petrides welcomed parliament passing the €9.4 bln 2020 state budget for the government to continue on the path of economic stability, growth and shielding the economy from external risks. The budget was approved by the majority of MPs with DISY, DIKO’s and the Solidarity Movement’s 29 votes. AKEL, EDEK, the Citizens’
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European Union leaders are expected to back Cyprus and Greece in rejecting a maritime delimitation deal between Turkey and Libya as a violation of international law. The European Council will stand with Nicosia and Athens in opposing the MoU, according to a draft statement seen by Reuters. Greece last week expelled the Libyan ambassador in
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Energy ministers of Israel and Greece have discussed ways to further develop the EastMed natural gas pipeline, as well as closer cooperation between Greece and Israel for the Israel-Cyprus-Crete electricity interconnector. Meeting on the sidelines of the 25th United Nations Climate Change Conference (COP25) in Madrid, Greek Environment and Energy Minister, Kostis Hatzidakis, and his
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For the first time, Paphos airport welcomed a record 3,000,000 passengers passing through in a year since it opened its doors in 1983. The 3,000,000th passenger at Paphos Airport was Natalia Albinowska travelling to Berlin with easyJet on Wednesday. Albinowska, from Poland, had scanned her boarding card and passed through security to departures where dignitaries
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To improve its tourism product, Cyprus is planning a call for tenders in February to hire a contracting company that will send out mystery shoppers to evaluate hotels without the prior knowledge of the establishment. The Deputy Ministry of Tourism said it will be selecting a contractor to “provide services for the creation and implementation
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The United Nations is studying a protest letter sent by Greece urging for action against the maritime border deal signed between Turkey and Libya’s internationally-backed government. “I can confirm that we received that letter…it`s being studied…the Secretariat doesn’t take a position or provide comments in relation to matters concerning the sovereignty, sovereign rights and jurisdiction
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The UN General Assembly adopted two resolutions on the oceans and seas linked to the landmark 1982 United Nations Convention on the Law of the Sea, Turkey was the only member to vote against. The resolution “Oceans and the law of the sea” — adopted by a recorded vote of 135 in favour to one
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Conservationists have joined forces to provide a lifeline for the threatened Griffon Vulture through ‘LIFE with Vultures’, a new four-year project aiming to prevent the extinction of the species in Cyprus. The Griffon Vulture Gyps fulvus is the largest bird in Cyprus with a wingspan that can reach 2.8 metres. In the 1950s, the population
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