An airbase hosting Turkish drones in the occupied north of Cyprus is causing unease among neighbouring countries, which see the station as a source of instability in the volatile east Mediterranean region. The Cypriot government views drone deployment as a means for Turkey to pursue an “expansionist agenda” – using military assets to extend its
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The price of Cardano (ADA) will jump to more than $3 in the next month, according to a leading market player, as the little known cryptocurrency now rises to become the world’s third largest digital currency after Bitcoin (BTC) and Ethereum (ETH). Cardano’s price has gone up by more than 36% in the last week
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The Central Bank of Cyprus published data showing the evolution of aggregate non-performing loans for all credit institutions, with NPLs standing at €5.134 bln in May from €5.141 mln the month before. NPLs in the banking system stood at €5.134 bln in May from € 5.141 bln in April, showing a decrease of approximately €7
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Cyprus reported a decrease in new daily coronavirus cases to 257 on Wednesday and a further drop in hospitalisations to 181 as the government remains on course for an 80% vaccination target by the end of August. At the same time, health experts are urging the government to rollout booster jabs against COVID-19 for the
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The government will not interfere with the Cyprus University of Technology (TEPAK) decision only to allow COVID-19 vaccinated or previously infected students on campus. “TEPAK is an autonomous organisation. If the universities themselves, however, decide to take stricter measures, it is something over which we cannot intervene,” Health Minister Michalis Hadjipantelas told students demonstrating the
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President Nicos Anastasiades refuted claims that his cabinet’s decision to revoke 14 Cyprus passports held by Turkish Cypriot officials was racist and a violation of human rights. The President was drawn into the public exchange of words on Wednesday after Turkish Cypriot leader Ersin Tatar claimed the move was discriminatory. In a written statement, President
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By Han Tan, Chief Market Analyst at Exinity Group The surge in risk assets appears to be on a mid-week break. US equity futures were holding steady Wednesday after the S&P 500 and the Nasdaq posted fresh record highs thanks to ample buy-the-dip action. Asian stocks were mixed after the rebound in Chinese tech stocks
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The stolen Royal iconostasis doors of Ayios Anastasios church in the Turkish-occupied Peristeronopigi village of Famagusta have been repatriated from Japan after a complex legal struggle. According to the Department of Antiquities, the Royal iconostasis doors have returned to Cyprus after efforts intensified during the last two years, thus concluding one of the most renowned
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The Mediterranean island has endured prolonged heatwaves throughout July and August, with no end in sight to the high temperatures falling after the Cyprus Met Office issues another yellow alert. Experts say the island is feeling the effects of global warming and should brace itself for more extreme weather patterns in the future. Weather forecasters
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The Deputy Ministry of Shipping hosts its biennial Maritime Cyprus conference in Limassol in October to tackle a rapidly changing industry in seafarer welfare, digital transformation, green finance, and the changing role of shipowners. Several hundred shipping leaders will be able to meet again in person on October 10-13, with the conference main theme being
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