A woman convicted by a Nicosia court for exhibiting racist and xenophobic behavior through comments posted on social media is a first for Cyprus’ justice system. CITY newspaper reported that a fine of 800 euros was imposed by the District Court of Nicosia on a woman who posted racist comments under a photo of a
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Cypriot carrier Cobalt has gone into liquidation with Stephen Michaelides of Grant Thornton being appointed as the official receiver. According to information disclosed by the company, notices relating to the winding up procedures, including announcements for the disposal of assets of the company, will be posted on its website. Those interested in further information are
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Amy Winehouse, Alfred Hitchcock and Winston Churchill are coming to Nicosia’s Cine Studio screen on 11, 12 and 13 January for the British Film Days 2019. The British High Commission in Nicosia, British Council Cyprus and the Friends of Cinema Society are co-organising this 3-day festival bringing to the island some of the best of
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Cyprus President Nicos Anastasiades said his discussions with Slovenian counterpart Borut Pahor have unveiled the vision the two countries share for a more people-orientated EU. Addressing an official dinner hosted in his honour to wrap up the Ljubljana visit, President Anastasiades said that faith in EU principles and values, and consistency in policies, would create
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Larnaca-based Cyprus Airways has launched ticket sales for flights to the Greek islands of Crete, Rhodes and Skiathos for the summer season. Flights to Heraklion in Crete will start on 20 April 2019, twice a week. Cyprus Airways will be flying to Rhodes, the island of butterflies, every Tuesday and Friday starting 5 July. Flights
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The new integrated casino resort to be built in Limassol will generate an income of EUR 700 mln per year for the Cypriot economy says the Cypriot partner to Melco’s ambitious project. Melis Shacolas, CEO of CNS Group of companies said that “after the second year of operation the annual impact the resort casino will
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Record rainfall during the last few days has nearly doubled water levels in Cyprus dams, with some reservoirs reaching capacity and overflowing, while others had excess water diverted to the giant Kouris dam, near Limassol, music to the ears of farmers. Heavy rain flowing into the dams raised storage levels to 77.6 million cubic metres,
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Customer confidence in the Cyprus banking system is on the rise after the bumpy ride following the closure of the Co-op Bank last year. A survey conducted by online news site Stockwatch shows Cypriot confidence towards banks increasing for the first time since the initial shock caused from the closure of Co-op and the acquisition
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US energy giant ExxonMobil and Qatar Petroleum completed their first test-drill for hydrocarbons offshore Cyprus and have begun exploring a second well, Cypriot authorities said Wednesday. The Cypriot Energy Ministry announced that test drilling in the Delphine-1 well was completed in block 10 of Cyprus’ Exclusive Economic Zone. It said the Stena Icemax drilling rig
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By Lukman Otunuga, Research Analyst at FXTM The mood across financial markets remained positive Wednesday morning as investors shrugged off Donald Trump’s Oval Office speech on border security to remain focused on ongoing trade developments. A sense of optimism over trade talks between the United States and China ending on a positive note is clearly supporting
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