Egypt supports the right of Cyprus to exploit its natural wealth within its Exclusive Economic Zone (EEZ), Egyptian Parliament speaker Ali Abdel Aal said Monday. The Egyptian head of a parliamentary delegation met on Monday with Cypriot counterpart Demetris Syllouris. "As a House of Representatives of Egypt, we expressed our full support to the right
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Efforts are being made so as to resolve the issue which arose when thousands of ex Co-op customers were left without access to their accounts after Hellenic Bank’s official takeover last week. Some 4,500 former Co-op customers were denied access to their accounts as they were not transferred to Hellenic Bank because they were considered
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The Ronald McDonald House Charities (RMHC) of Cyprus is set to build a hostel for parents of children who are being treated at Nicosia’s Makarios Children’s Hospital and other public and private hospitals. The EUR 1 mln project is ready to get off the ground after an agreement was signed on Monday between Health Minister
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Hellenic Bank, the island’s second biggest lender and leader in the retail and SMEs sector, saw a drastic turnaround in second quarter profits to €6.7 mln, helping boost the first-half figure that rose to just over €35 mln, both periods having showed significant losses last year. The turnaround, prior to Hellenic taking over the good
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Ayia Napa Marina is expected to open on schedule in the summer of 2019, according to billionaire Egyptian investor behind the project Naguib Sawiris. He tweeted recently: “Aya Napa Marina in final stage of completion opening next Summer …” Last year, Sawiris launched the €220 mln project in partnership with Cypriot entrepreneur Stavros Caramondanis in
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There is an upward trend in the registration of new company applications with an annual increase of nearly 10% in August, data from the Registrar of Companies and Official Receiver show. According to the data the number of applications for the registration of a new company was up by 9.8%, reaching 1,003 in August from
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US Secretary of Defence James Mattis will meet this month Cypriot counterpart Savvas Angelides to discuss lifting of Washington’s arms embargo, according to reported comments by Republican Congressman Dan Donovan. Replying to a question from newspaper Greek News, Donovan, who is a member of the House Foreign Affairs and Homeland Securities Committees, said: “General Mattis
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. Five years ago, the Cyprus economy was in ruins and its casino banks were the laughing stock of Europe. Fast-forward to the where we are now, and it would have been hard to believe that the economy survived a punishing bailout, toxic debt and record high unemployment. Banks folded, businesses went the wall, ordinary
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France President Emmanuel Macron is expected to visit Cyprus in November to underscore a growing relationship determined to bring regional and energy security to the East Med. During his visit Macron will hold talks with Cyprus President Nicos Anastasiades, with whom he is set to announce a number of bilateral agreements on various issues. CNA
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Slowly but surely Cyprus is entering the digital age of commerce, but experts say it has a long way to go before it mirrors what is happening in places like China. Two months ago, Cyprus took baby steps towards entering the new digitalized era in trying to catch up with the rest of the world.
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