Stena IceMax, a drillship commissioned by US energy giant ExxonMobil to explore for hydrocarbons in block 10 of Cyprus’ exclusive economic zone, is expected to arrive within days at Limassol. On Saturday morning, the authorities of the Republic of Cyprus issued a navigational telex (navtex) for the target “Delphini”, valid until February 25. “The drilling
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Establishing a Commercial Arbitration Court will turn Cyprus into a hub for providing business services and attract foreign investment, said Justice Minister Ionas Nicolaou. Nicolaou made the comments as discussion on the proposed government bill regarding the creation of the Arbitration Court began in parliament this week. In his statement, Nicolaou said that alternative dispute
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Finance Minister Harris Georgiades found himself under fire from opposition parties when agreeing Cyprus had too many bank branches. He made the comments during a House Audit Committee discussion on the closure of some 40 former Co-op branches in rural areas after the Hellenic Bank takeover. When asked why the government did not take measures
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Motorists are to be handed crippling fines under a government bill that significantly increases penalties for traffic violations such as speeding and talking on mobiles, said Justice Minister Ionas Nicolaou. Nicolaou told CyBC TV on Friday, said that fines for offences such as the use of a mobile phone whilst driving, not wearing a crash
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Hellenic Bank presented its first mobile banking bus on Friday which is to serve customers and ex Co-op clients in rural areas where there are no branches to serve them. Hellenic announced in September that it would set in motion a number of ‘banks on wheels’ which are to provide banking services to inhabitants of
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Building permits approved by local authorities increase 9.06% with their total value exceeding €1.4 bln during the eight-month period January – August 2018, according to official data. During the first eight months, 4,114 building permits were issued compared to 3,772 in the same period of 2017. The total value of these permits spiked 46.8% to
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. By Alexia Sakadaki Pay discrimination based on gender is considered illegal in many countries. However, statistics show that there is no equal pay for equal work in the world. At the same time, there is much more than that if we look at the job opportunities between genders. Closing or at least shrinking the
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Major General Cheryl Pearce of Australia is the new Force Commander of the UN Peacekeeping Force in Cyprus (UNFICYP), taking over from Major General Mohammad Humayun Kabir of Bangladesh as head of the international contingent ‘blue berets’, the longest United Nations mission still in service. Farhan Haq, Deputy Spokesman for the UN Secretary-General, announced the
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Despite starting the season with high hopes, eight games in Omonia FC, the island’s most successful team after Nicosia rivals APOEL, are off to one of the worst starts in their 70-year history. Having collected just 9 out of the 24 points available, the Greens find themselves 13 points from the top and just five
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Cyprus appears to be the only country where Russian deposits are losing out in Moscow’s efforts to repatriate Russian capital which has been deposited or invested abroad. Russian President Vladimir Putin has personally taken on the campaign to repatriate Russian capital through incentives, as part of his plans to revitalise Russia’s economy. However, Putin’s efforts
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