Turkey has received delivery of the Russian S-400 missile system to be completed over the following days despite warnings from Washington not to do so. The first delivery of the system’s components have already arrived at a military base near the capital Ankara. Turkey’s acquisition of the Russian ground to air missile system was a
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A British Bases (SBA) court in Cyprus has handed out sentences to four bird trappers caught on covert cameras in the Dhekelia SBA during 2018. The convicted trappers were fined, while three of them also received 18-month suspended prison sentences. “These penalties match the severity of bird trapping as a wildlife crime and serve to
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Cyprus credit card transactions during the first six months of 2019 increased 20% compared to the same period last year, reflecting a recovery in consumption. In the first six months (January to June) €1.79 bln was spent using credit cards, an increase of 20% compared to the same period last year. According to new JCC
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. After months of accusations, unilateral steps and increased tension, Europe’s southern flank, the East Mediterranean is heading to become a conflict zone. The offshore gas success stories of Egypt, Israel and Cyprus, are pushed back by the growing confrontational mood shown by Turkish president Tayyip Erdogan. The latter, under pressure due to an unexpected
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Last season Cypriot football crowds dwindled by 40% compared to attendances the previous year, with ticket sales plunging from 414,651 to 259,722, according to Cyprus Football Association data. All clubs saw their crowds diminish as ticket sales dropped by an average 40%. Champions APOEL were first in ticket sales with just 67,702 tickets sold, followed
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Cypriot leaders who haven’t held peace talks for two years picked up the phone on Thursday to launch the divided island’s first interoperable mobile phone network to enhance people to people contact. An integrated telecoms network that allows local calls to be made across the divided island was seen as a key UN-backed confidence building
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By Hussein Sayed, Chief Market Strategist at FXTM The S&P 500 reached a new milestone with an all-time high on Wednesday breaking above 3000 for the first time ever as during his testimony before Congress, Federal Reserve Chairman Jerome Powell provided a clear case for cutting interest rates later this month. The robust jobs numbers
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Brussels will shelve high-level talks with Ankara and negotiations on an air transport deal, as well as freezing funding for Turkey next year, over illegal drilling for gas and oil off Cyprus, according to a draft statement seen by Reuters. The joint EU decision, which may still be changed, is to be discussed among national
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UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. On the effort for the resumption of Cyprus reunification talks the UNSG reiterated his “call to the parties to engage in the current consultations
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An Electricity Authority Cyprus production unit which has been out of order for three years is costing consumers close to €2 mln more each month. Unit 3 at EAC’s Vassiliko power plant has been out since November 2016 when a fire broke out while work was being carried out at the unit’s desulphurisation compartment. Initially
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