Turkish President Recep Tayyip Erdogan has warned foreign energy firms over gas exploration off Cyprus, describing those who defy Ankara as "bandits of the sea" who would face a similar fate as its enemies in Syria. Erdogan said in a speech marking the commissioning of a new Turkish warship that exploiting the resources of the
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. Here’s a question you might want to ask down at the pub quiz on a Sunday night after the clever clogs have tried to bamboozle you with classical history and the names of extinct species. Well, when I say question – there is no proper answer because the outcome has many variables attached as
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Aiming to welcome its first guests in the autumn of 2019, construction work for the full renovation and expansion of the Princess has commenced to transform the existing hotel into the Radisson Larnaca Beach Resort. It is the very first Beach Resort by the Radisson Hotel Group worldwide. Announcing the creation of this new
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. Nothing in Cyprus is ever achieved if the private sector initiative is not an integral part of its development and implementation, with all the benefits or ills this may entail. Which is why a small event went unnoticed over the weekend when leading retailer chain Alpha Mega introduced self-check-out counters at its all-new Lakatamia
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. By Theodoros Mantis On 23 June 2016, the majority of the UK's electorate voted to leave the European Union. As a result, "Brexit" is expected to become effective on 29 March 2019 after the negotiations on the terms of the Withdrawal Agreement between EU and UK are finalised. In Cyprus, in September 2018, the
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. By Alecos Vilanos The two schemes introduced by the Cyprus Government for obtaining passports and issuing of the Golden Visa serve the few and chosen. The primary condition that the purchase of a house – apartment must only be for new property, which applies for the scheme of the Golden Visa, is an unfavorable
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Cyprus has become an attractive destination for Greek firms seeking a friendlier business climate, with 77% more companies opting to register a subsidiary or relocate to the island since 2012. Registrations of Greek companies rose from just over 1,000 in 2012 to 1,799 in 2016 and stabilised at 1,779 in 2017. Most notably, companies like
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Cyprus has called on Turkey to join the energy alliance of neighbouring states in the Eastern Mediterranean or risk missing out. “We continue to upgrade our energy cooperation with countries in the eastern Mediterranean and in Europe and certainly, I underscore this, with Turkey in the event of a Cyprus settlement,” Anastasiades told The Economist
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Four former executives of defunct Laiki Bank were fined on Friday after being found guilty of manipulating the market, leaking false or misleading information and concealing information from the public. The Nicosia Criminal Court imposed on Efthimios Bouloutas, then managing director of Laiki, a fine of EUR 150,000, while Neoclis Lysandrou and the executive board
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Hope remains for a Cyprus settlement, but that is not enough, said UN Head of Mission Elizabeth Spehar at the Economist conference in Nicosia. Spehar told the conference that the period since the collapse of peace talks in July 2017 has been characterised by a deepened mistrust and a tendency to blame others for that
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