Greece’s Foreign Minister George Gerapetritis dismissed as completely unfounded the criticism that the Cyprus issue has been put on the back burner to avoid disturbing the climate in warming Greco-Turkey relations. He argued that improving Greek-Turkish relations can contribute to restarting negotiations for a Cyprus settlement. In an interview with the Sunday edition of Greece’s
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Cyprus can contribute to an effort to start a dialogue that may lead to a de-escalation of the crisis in the region, President Nikos Christodoulides said. He participated in Saturday’s Peace Summit in Cairo on the Israel-Hamas conflict in Gaza and said it was important as the nearest EU state and a country that has
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Pleas from the UN warning of a severe humanitarian crisis in Gaza has failed to shift the dial to get water, food and medicine through the Egypt crossing to weary Palestinians. There is no indication that Israel is preparing for a short, sharp response to the atrocities caused against its civilians by Hamas gunmen who
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After each new administration is voted into office, we hear promises of a facelift that will “redefine the Cyprus economy”, and the island will be transformed into a hub, from a financial centre to energy, health, and education. Gaming, forex, crypto and property-for-passports have outlived their life cycle, and we need to discover new sustainable
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The recent events in the Middle East and the war between Israel and Hamas caught Cyprus by surprise (as in most countries). It is a terrible, primarily humanitarian situation, the effects of which are difficult to predict at this point, not only relating to immigration and tourism but to more serious events, such as the
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Japan’s Mitsui said the world lacks enough LNG for energy transition. Announced natural gas projects in the world still won’t make up for the supply needed when considering the energy transition that will take several decades. Worldwide LNG demand is forecast to increase by 3.4% annually over 2022-2026 to reach 444 million metric tons, according
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Distinct from recent bank blow-ups, Signature Bank and First Republic, some banks are doing extremely well in this high-interest rate environment. Their balance sheets are not riddled with low-interest-rate mortgages like most Western banks, where portfolios become less valuable as the US Federal Reserve and European banks stymie the chance of raising capital by raising
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Oil prices edged above $90/barrel this week, even as the US and Venezuela agreed to a deal that would ease restrictions in exchange for a freer presidential election in the country next year. But any real crude output increase by the South American producer will take time because of a lack of investment – probably
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Cyprus’ economy has suffered another setback from the Israel-Hamas conflict just as it appeared to be recovering from the COVID and the Ukraine war. While hoping for a swift end to atrocities and human suffering in the region, stakeholders in the island’s economy did not hide their concern for the impact on Cyprus. In 2020,
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By Craig Erlam UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it’s not just the weather that’s driving it. Retail sales fell 0.9% in September, far exceeding expectations of a 0.3% decline, as unseasonably warm weather weighed on sales of Autumn clothing. While
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