. The ‘unfortunate’ Menendez amendment to the much-hailed proposal to lift the American arms embargo on Cyprus, may have been a blessing in disguise, as the Republic may not necessarily be forced “to take sides” as has been widely misinterpreted, but in effect, to show its true loyalty to the U.S. and allies in the
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President of Cyprus Nicos Anastasiades, 72, is recovering in hospital since undergoing surgery after fracturing his right hip during a fall on Saturday in Limassol. In statements to the press after the surgery at the Mediterranean Hospital in Limassol Saturday afternoon, Health Minister Constantinos Ioannou said the operation was successful and the President is expected
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. The holiday season is upon us dear readers and with it the known associated problems and mainly that of noise and people being a nuisance. It is a “care-free” period and usually (especially for locals) people make more mischief than what they usually do. Children and friends are always around and the popular souvla
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. By Maria Paphiti* Cyprus has heightened interest in the field of protection of cultural heritage. This is because it is a country that has witnessed the severe plundering of its own cultural products. As a result, it has been at the forefront of actively taking action against illicit art trafficking. Since the 16th century,
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Hellenic Bank announced a healthy after-tax profit of EUR 14.9 mln for the first quarter of the year, making it the fifth consecutive period of being in the black, allowing it to declare itself as the leading retail lender, boosting business and increasing the money it has injected into the economy. Hellenic said in an
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Cyprus airports operator Hermes Airports signed a landmark commitment to become net zero for their carbon emissions by 2050. The resolution was signed at the 29th ACI EUROPE Annual Congress in Cyprus – the annual gathering for airport CEOs and senior level airline representatives across Europe. This commitment was undertaken as part of ACI EUROPE,
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The US Senate voted to lift a 1987 arms embargo against Cyprus and to cut Turkey off the American F-35 fighter jet program if it goes ahead with purchasing Russian S-400 missiles. The measures were passed through the National Defense Authorization Act in the 2020 draft budget via an amendment introduced by Democratic Senator Bob
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At 17.4% Cyprus exceeds the EU average (16.5%) for the percentage of young people aged 20-34 neither in employment nor in education and training. When broken down by gender, the Cyprus percentage is much higher for younger women at 20% than it is for young men with a lower 14.5% rate. But the female percentage
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A Cyprus government scheme called “Estia” is on track to assist homeowners with non-performing loans to repay their toxic debt. Under the scheme, the state will cover one third of the eligible borrowers’ repayment plan, while the banks will reduce the eligible loans’ outstanding amount to the value of the primary residence. Eligible loans
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Leading energy-sector technical engineering recruitment specialist Fircroft has included two subsea electricity cables running through Cyprus among the 10 biggest transmission and distribution projects in the world for 2019. At $4.1 bln, the EuroAsia Interconnector, linking the electricity grids of Israel, Cyprus Crete and Attica, has been valued as the fourth biggest project or network in the
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