Turkey has decided to establish a modern naval base in the occupied areas of Cyprus in order to protect its rights and interests in the Eastern Mediterranean, reported Turkish daily Aydinlik. It said Turkey’s Naval Forces Commander was personally involved in the search for the ideal location of the base while the technical study which

Shacolas Group of companies have agreed with the Bank of Cyprus which is to see the bank buying mainly real estate and equity worth EUR 228 mln. The deal involves the group’s subsidiaries, Cyprus Trading Corporation, Woolworth Properties, Ermes Department Stores and Cyprus Limni Resorts & Golf Courses. According to an announcement, the Shacolas Group,

A full-scale emergency scenario was successfully completed on Tuesday at Larnaca International Airport, under the codename “Aircraft Crash”. Various government and non-governmental departments and services, operating both inside and outside the airport, took part in the exercise. According to the exercise scenario, an aircraft incoming from Athens veers off the runway during landing and crashes

EuroAsia Interconnector Limited, the project promoter of the European project of common interest (PCI) connecting the electricity grids of Israel, Cyprus, Crete and Attica in Greece, announced that it will proceed with a capital increase and bond issue to safeguard the “financial closure” for the construction of the entire project which will cost EUR €2.758

Cyprus President Nicos Anastasiades on 12 December will address the European Parliament Plenary session on the “Future of Europe”. President Anastasiades will also hold a meeting with the President of the European Parliament Antonio Tajani at the European Parliament, and later on, in the presence of the President of the European Commission Jean Claude Juncker,

Distributors John & Pascalis defended its actions in taking the UK halloumi trademark from the Cyprus government saying it was saving the lucrative export industry from collapsing. John & Pascalis issued a second statement in three days to reply to claims that the company is essentially blackmailing the Ministers of Agriculture and Commerce. The London-based

Cyprus Casinos Nicosia (C2 Nicosia) has opened its doors to the public. It is the first authorized casino to open in the capital and the first satellite to launch following the temporary casino opening in Limassol in June. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos, said he was pleased to

Cyprus on Monday dismissed opposition calls to sack its commerce minister after a government blunder saw it lose the trademark rights to its famous white cheese halloumi in Britain. The UK is the biggest market for the popular squeaky cheese, absorbing 40 percent of halloumi exports generating around 80 million euros a year. Cyprus expects

Recent heavy rainfall lead to a great quantity of water flowing into the dams, but despite that, dams are only at 11.8% of their capacity. In statements to CNA, Fedros Rousis from the Water Development Department said that in the last three days 550,000 cubic meters had flowed into the dams, while from the 1