In a move to de-escalate tension with Turkey, Cyprus President Nicos Anastasiades has offered Turkish Cypriots a share of possible gas revenues if Ankara recognises Nicosia’s energy exploration rights. This is a response to a proposal tabled by the Turkish Cypriot leader Mustafa Akinci on sharing natural gas resources by setting up a joint committee.
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As part of its reform agenda, Cyprus will establish a Deputy Ministry of Innovation and Digital Policy next year following the cabinet’s decision to approve a bill to be tabled before parliament. Finance Minister Harris Georgiades told reporters that establishing the deputy ministry was an essential part of the government’s reform agenda. The ministry will
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. IT is the start of the new school year and education is on the mind of every parent. Newspapers are carrying back-to-school articles, private schools are looking for students, private tutors are touting for business. So, it’s a good time to start plotting the course of your child’s education, even if your son or
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President Nicos Anastasiades has honoured three prominent Cypriots in the fields of business, politics and science, for their exceptional service to Cyprus, during a special ceremony. Recipients of the medal were founder of Medochemie, Andreas Pittas, professor Costas Papanicolas and to former Minister Nicos Rolandis. Anastasiades praised their remarkable careers, their selfless service to the
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Cypriots are three times more likely to enjoy longer trips abroad than take their holidays in Cyprus while they spend an average €600 on their vacation, a figure only beaten by four other EU countries. Cypriots spent a total of EUR 1.68 bln on their holidays, of which just €190 mln went on domestic tourism.
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By Hussein Sayed, Chief Market Strategist at FXTM Sterling weakened to a three-year low on Tuesday to trade below $1.20 as Prime Minister Boris Johnson threatened his own Tory MPs with deselection if they vote for a law to delay Brexit beyond October 31. However, his threats didn’t stop Tory rebels from acting against his
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Larnaca-based Cyprus Airways is offering the opportunity to make big savings with discounts of up to 46% if tickets are booked over the next few days. The promotion launched 3 September ends on 5 September. Travellers have the opportunity to fly to Cyprus Airways destinations in Europe and Middle East at lower prices. Trips should
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Those at risk of poverty or social exclusion in Cyprus has fallen to 23.9% (205,900 people) after reaching a peak of 28.9% as a consequence of the financial crisis. The government welcomed the improved data, offering it as tangible proof that its economic strategy was working to make life better for ordinary Cypriots. “We see
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President Nicos Anastasiades will meet Greek Prime Minister Kyriakos Mitsotakis in Athens, next week to coordinate their actions on the next steps in efforts to resume UN-backed Cyprus problem talks. Government spokesman Prodromos Prodromou said that after Tuesday’s National Council meeting, the President had a phone conversation with Mitsotakis to brief him on his contacts
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Total amount of new loans given by Cypriot banks declined 26.5% or by €90 mln in July compared to June, according to Central Bank of Cyprus (CBC) data. In July, the amount of new loans decreased by over of a quarter to €249 mln from €339 mln in the previous month. New loans for consumption
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