Cyprus has fully repaid a loan it secured from Russia in 2011, a €2.5 bln lifeline to prevent the economy from collapsing after it was shut out of international markets. “A short while ago the Russian loan was fully paid off,” Finance Minister Harris Georgiades said on his official Twitter account, saying the remaining balance
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A Cyprus government scheme called “Estia” to assist homeowners with non-performing loans to repay their toxic debt has gone live as borrowers can start applying before the window shuts 15 November. Cyprus Finance Minister Harris Georgiades has urged borrowers who have defaulted on their mortgage and are eligible to participate in the ESTIA scheme to
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Greek Foreign Minister Nikos Dendias has berated Turkey for its illegal drilling inside the island’s Exclusive Economic Zone (EEZ) saying it is a violation of the sovereign rights of Cyprus. In an interview with the Greek broadcaster Alpha Radio on Monday, Dendias reiterated that Cyprus is a sovereign EU member state. He underlined that Turkish
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Pafos FC are preparing to add another former Premier League player to their squad by signing ex-Crystal Palace striker Bakary Sako as a free agent. The 31-year-old Mali International would be their second out-of-the-blue signing after securing the service of Jason Puncheon also released by Crystal Palace. The owners appear determined to rebuild Pafos, transforming
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A 96-year-old WWII veteran, who holds the World Guinness record for being the oldest diver on the planet, plunged 42.5 metres to explore the Zenobia shipwreck off Cyprus. Ray Woolley, celebrating his 96th birthday, went down 42.5 metres and stayed there for 48 minutes, breaking last year’s previous record of 40.6 metres and 44 minutes.
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UN Envoy Jane Holl Lute, will resume separate meetings with Cypriot leaders on Monday in a concerted bid to get reunification talks back on track after 26 months of inertia. She is holding a second round of talks on Monday with Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci, in efforts to formulate
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By Hussein Sayed, Chief Market Strategist at FXTM August has been a challenging month for markets. While many traders were out of their desks enjoying the summer season, US-China trade conflict reached a critical point. Both countries hit each other with new tariffs which came into effect on Sunday. Even though the trade dispute seemed
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Authorities and traffic experts are alarmed over the high death rate on Cyprus roads, after the loss of six lives within two weeks taking the number of fatalities for 2019 to 29. Stakeholders agree that unless aggressive and reckless driving behaviour is curbed, there will be more carnage on Cyprus roads. Cyprus ranks a shameful
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. I would imagine that being an eternal optimist must be quite exhausting, bouncing out of bed every morning with surplus energy to attack the day with an endless smile no matter the circumstance. As someone who always sees the glass as half empty and the hole rather than the doughnut, optimism is company I
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. A good percentage of the real estate sales in Cyprus are concluded with the foreign market with an average of around 44% of total sales. The percentage refers to the number of units and not on the value of properties sold. As such, bearing in mind that foreign sales are on the upper scale,
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