Cyprus has designed and approved its national strategy on blockchain technologies, which includes a timetable and an organizational structure. Ministers approved on Tuesday the Cyprus’ roadmap for blockchain technologies, said deputy government spokesperson Klelia Vassiliou after a cabinet meeting. The structure will be separated into three levels, that of policy governance, technology governance chaired by
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Turkish Minister of Energy Fatih Donmez has confirmed the Fatih vessel is drillings for natural gas within Cyprus EEZ at a depth of around 2,300 metres. “Our drilling at the moment has exceeded 3,000 metres. Our targeted depth is to go down to around 5000-5500 metres below the surface of the sea,” said Donmez. He
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Cyprus registered the lowest annual inflation rate in the EU for May with 0.2%, according to Eurostat. Euro area annual inflation rate was 1.2% in May 2019, down from 1.7% in April and 2.0% in April 2018, while inflation dropped to 0.2% in Cyprus (form 1.2% in April 2019 and 1.0% in May 2018). In
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Cyprus said on Tuesday it expects a firmer stance from the European Union over Turkey’s bid to drill for oil and gas within its exclusive economic zone. Cyprus President Nicos Anastasiades said he wasn’t optimistic about Turkey changing its tact, but he does expect Brussels to show its teeth in its handling of the issue.
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Tourist arrivals to Cyprus in May dropped for the second time this year, after an unbroken run since 2015, mainly due to a fall from the island’s main holiday markets Britain, Russia and Germany, official data showed Tuesday. Officials said that uncertainty over Brexit, a weaker Russian rouble and a sluggish German economy are reasons
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APS Holdings, one of Europe’s largest debt servicing companies, says it has been instrumental in successful efforts to combat the problem of non-performing loans in Cyprus and Greece’s. APS Holding operates in 16 countries and employs over 1,000 professionals. The nominal value of the managed portfolios exceeds €8 bln. The company expanded to Cyprus through
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Borrowing costs of the Republic of Cyprus is continuing on its downward trend, as the 10-year bond yield has fallen to historically low levels in recent months. The 10-year Cypriot bond with a 2.38% coupon issued in September 2018 hit a new historic low of 0.824%, from 0.92%, 10 days ago. The yield of the
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Athens and Nicosia are coordinating their diplomatic offensive to pressure the EU to impose sanctions on Turkey for its illegal activity in Cyprus’ Exclusive Economic Zone (EEZ), said Greek Minister of National Defence Evangelos Apostolakis. He said Turkey continues to display a provocative stance, Greece and Cyprus will make joint efforts for the implementation of
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. We seem to follow the Irish example in the ways to correct our economy and many of the steps undertaken in Cyprus are a copy of Ireland’s measures. The most recent one is the incentives that the Cyprus Government has introduced in order to provide affordable housing, both for rental, as well as for
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Nicosia possesses pieces of information in relation to Turkey’s drilling activity off Cyprus but is not in a position to confirm it, Government Spokesman Prodromos Prodromou said. Phileleftheros daily reported that the Republic of Cyprus has strong indications that the Turkish drill ship “Fatih” has started its drilling activity off the western part of the
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