The Cyprus Securities and Exchange Commission (CySEC) closely monitors the non-binding takeover bids of the largest lender Bank of Cyprus, filed by US investment fund Lone Star. It is also in consultation with both the Bank of Cyprus and the Irish Takeover Panel, chair of CySEC George Theocharides told CNA. Bank of Cyprus has rejected
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A drop in fuel prices has yet to be reflected in prices of essential goods, while according to experts’ there will be no price correction this year. In comments to news site Stockwatch, the director of the Commerce Ministry’s Consumer Protection Service, Constantinos Karagiorgis, said the drop in fuel prices should already be reflected in
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Cyprus airports operator Hermes has initiated a sustainability programme by selling lemonade picked from the trees at Larnaca and Paphos airports, using the funds to support three local initiatives. Staff at both airports collected about three tonnes of the island’s iconic fruit, which were pressed and bottled, free of charge, by local fruit drinks company
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Nicosia’s prestigious English School staff have threatened industrial action over the dismissal of three unionised teachers, with authorities worried as the new academic year is approaching. Following a protest outside the parliament on Wednesday, while MPs were looking into the matter, the English School Staff Association (ESSA) announced they would escalate measures. ESSA lawyer Stavros
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Nicosia and Cairo have agreed to co-host an event on the sidelines of the UN Climate Change Conference in November in Egypt to promote Cyprus’ initiative for joint regional action. Agriculture and Environment Minister Costas Kadis was in Egypt for contacts to secure the adoption of the Cyprus initiative on Climate Change at the UN
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By Craig Erlam A slightly positive start to trading on Thursday, as traders eye ECB minutes early afternoon and the start of the Jackson Hole Symposium. The minutes will likely provide further detail on the reasoning behind a more aggressive start to tightening than the central bank had communicated to the markets, and perhaps provide
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Cyprus football is bracing for another historic night, as three of its top clubs are well placed for a spot in the Europa League group stage. Champions Apollon Limassol, runners-up AEK Larnaca and Cup Winners Omonia Nicosia have made their way to the Europa League’s playoffs, with the latter favourites to qualify on Thursday. Omonia
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The US State Department has reaffirmed its support for Cyprus to tap hydrocarbon finds within its exclusive economic zone (EEZ) despite Turkey’s threats to block it. “The US policy for the exclusive economic zone of the Republic of Cyprus is long-term and has not changed,” a spokesperson for the State Department said. The official was
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Cyprus police have their hands full with suspect golden passport cases, as the heat is on government officials and politicians who allegedly facilitated dubious foreign investors with Cypriot citizenship. According to reports, 130 cases are under the police microscope, 103 derived from a public inquiry carried out by an independent committee headed by former supreme
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The banking industry has seen the highest rate of staff returning to work after the pandemic, with the majority of employees in the IT sector preferring to work from home. A survey by TradingPlatforms.com established how sectors are performing regarding return to the office after two years of Covid lockdowns and restrictions, with the average
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