The Cyprus National Council of political party leaders is meeting to discuss a proposal submitted by Turkish Cypriot leader Mustafa Akinci for the joint management of natural resources amid Turkey’s illegal activities. President Nicos Anastasiades will brief the leaders during the session in Limassol on Tuesday. Government source has told CNA that Nicosia will issue
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Turkey defiantly says it will keep drilling off Cyprus despite EU foreign ministers approving a first batch of sanctions against Ankara over its illegal activity in the island’s exclusive economic zone. Brussels has suspending talks on an air transport agreement, urged European Investment Bank to “review” it’s lending to Turkey, the EU will also reduce
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Cyprus’ parliament paid its respects to those who died defending the Republic during a special session to mark the 45th anniversary of the 1974 military coup which led to the Turkish invasion five days later. A minute’s silence was observed for those who gave their lives for democracy and freedom. House Speaker Demetris Syllouris said
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Cyprus will make an international call for tenders for new public transport contracts, aiming to set in motion a ‘new era’ for an improved bus network that avoids mistakes of the past. Minister of Transport, Communications and Works Vassiliki Anastassiadou told state radio that the €70 mln a year tender contract will be open to
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Cyprus Casinos (C2) has opened its third licensed satellite in Ayia Napa hot on the heels of the one year anniversary celebration of the Limassol casino launch. Ayia Napa joins the Nicosia and Larnaca satellite casinos that opened in December 2018. It is located in the heart of the popular resort, at 34, Archbishop Makarios
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Famagusta Mayor and Cyprus’ former House Speaker Alexis Galanos has died at the age of 78 while on holiday with his wife on the Greek island of Kos. Reportedly, Galanos passed away suddenly while on his Greek holiday. The eighth Speaker of the House and keen collector of crime thrillers was born on August 30,
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By Hussein Sayed, Chief Market Strategist at FXTM US equities ended last week at new record highs as investors became more confident of fresh stimulus measures by major central banks led by the Federal Reserve. Fed Chair Jerome Powell had cleared all doubts during his semi-annual testimony before the Congress as he gave more weight
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Cypriot banks are reportedly concerned over parliament approving legislation designed to bail out borrowers who have defaulted on their mortgage, until September when the state-funded Estia scheme is to be activated. The legislation effectively issued a temporary postponement of foreclosure procedures relating to primary residences that could be eligible for inclusion in the Estia scheme
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Nicosia will give its view on a proposal by Turkish Cypriot leader Mustafa Akinci on a joint committee to co-manage Cyprus natural resources, after political party leaders have been briefed by President Nicos Anastasiades. The Cypriot President will convene a meeting of the National Council on July 16 in Limassol to brief party leaders on
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The EU’s Foreign Affairs Council, chaired by security policy chief Federica Mogherini, will on Monday adopt measures against Turkey for its continued illegal activity within Cyprus’ Exclusive Economic Zone. Measures include a cut of €146 mln in EU funds from Turkey’s pre-accession funds (IPA-II already foreseen in the Council`s general budget for 2020 position), the
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