Outgoing European Commission President Jean-Claude Juncker said he lists the inability to solve the Cyprus issue among the key moments of disappointment during his five-year tenure. Presenting his end-of-term assessment before the European Parliament plenary, in Strasbourg, Juncker said: “We did not succeed to further the issues of the reunification of Cyprus. We lost time
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The Crete-Attica interconnection project, a section of the subsea electricity link that was taken away from the Cyprus developer and handed to a Chinese-controlled entity, has already fallen behind schedule. Manos Manousakis, chairman of the Greek transmission system operator, ADMIE, in which China’s State Grid Corp has a 24% stake, told the Athens Investment Forum
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Traditional Cyprus squeaky cheese is taking a beating with dairy producers angry at the legal services for, what they call, a self-destructive strategy, leading to lost cases against firms that are making fake halloumi. Some countries and dairy makers abroad are penetrating markets controlled by Cypriot producers with their version of halloumi, encouraged by the
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An Egyptian vessel caught fishing illegally within Cyprus’ exclusive economic zone last month was seized, its equipment confiscated, and captain fined. According to a statement from the Department of Fisheries and Maritime Research, the operation was carried out with the Port and Marine Police in the sea area off Zygi. The Fisheries Department said that
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This year Cyprus could break the record for the number of passports issued to foreign investors, despite the introduction of stricter criteria in May for its maligned Citizenship for Investment Scheme. According to data collected by Stockwatch up until May, some 550 passports were issued to foreign investors who had made investments of EUR 2.5
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Cyprus’ Department of Meteorology issued an orange warning for unseasonal wet weather with heavy thunderstorms buffering the island during Tuesday. According to the warning, isolated heavy thunderstorms are expected to affect most areas across the island. It said during these storms, the rain intensity may exceed 55 millimetres per hour while hail is also likely.
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Head of the UN peacekeeping force in Cyprus (UNFICYP) Elizabeth Spehar said uncertainty on whether dormant peace talks will resume remains a concern. Spehar said, “at the UN we remain deeply committed to the cause of peace on this beautiful island and to assist both the leaders and women and men of Cyprus to pave
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The British pound will experience a short-term relief rally, but John Bercow’s refusal to allow a Meaningful Vote on the new Brexit deal will further weigh on the UK economy. This is the stark warning from Nigel Green, the CEO and founder of deVere Group, one of the world’s largest independent financial advisory organisations. His
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Cyprus hotels have accepted a mediation deal brokered by Labour Minister Zeta Emilianidou that calls for the renewal of collective agreements to the end of 2022, thus averting a disastrous strike. The island’s two hotelier groups, the Cyprus Hotels Association (PASYXE) and the Association of Cyprus Tourist Enterprises (STEK), have rubber-stamped the proposed pay hikes.
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Deputy Shipping Minister Natasa Pilides said her Ministry is working tirelessly on a proposal for the European Commission to back a ferry connection between Cyprus and Greece which is expected to be operational next summer. Pilides told reporters her Ministry is working intensively on the matter with staff exclusively dealing with this issue by preparing
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