Cyprus-based Eurobank posted improved net profits in H1 2019 of EUR 24.2 mln slightly up from EUR 24.1 mln in the same six-month period last year. According to a statement issued by the bank on Tuesday, Eurobank said it has a strong capital position, with its Capital Adequacy Ratio and the CET1 both standing at
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Cyprus state universities deciding to offer vacant places to private school students with international grades like GCE A Levels is opposed by teacher and student unions. The traditional route to state-funded universities is via the Pancyprian exam system but Cyprus University and the Cyprus University of Technology want to widen the entry field, especially as
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UN envoy Jane Hall Lute is close to brokering a deal that will see frozen Cyprus settlement talks resume after an intensive round of negotiations with Cypriot leaders. The United Nations official is holding a third round of separate talks on Tuesday with Cypriot President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci. She arrived
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By Han Tan, Market Analyst at FXTM Asian stocks were posting mixed results on Tuesday amid reports that the US and China cannot agree on the next meeting date to resume trade negotiations. Such headlines remind investors yet again of the tremendous gulf between the US and China in reconciling their differences over trade, leaving
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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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