Indian President Ram Nath Kovind’s visit to Cyprus is expected to further cement the relationship between the two Commonwealth countries. The Indian President will visit Cyprus from September 2-4 and will hold talks with Cyprus President Nicos Anastasiades on Monday. A number of bilateral agreements will be signed between delegations of the two countries. President
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. Many moons ago, the then-presidential commissioner and current Interior Minister Constantinos Petrides made some bold declarations about government reform, with the process now spilling over into a second administration but little to show for it. Petrides may have been enthusiastic about introducing efficiencies that would bring the transition to e-Government within reach. But he
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Cyprus witnessed Europe’s largest annual decrease in unemployment when the rate in July dropped to 7.7% from 10.7% the year before, according to Eurostat. This means the number of registered unemployed in Cyprus was reduced by more than quarter reaching 34,000 people compared to 46,000 in July 2017 (The rate was 7.2% among men and
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Standard and Poor’s has upgraded Bank of Cyprus’ long-term credit rating to B+ from B citing the sale of non-performing exposures (NPEs) amounting to €2.7 billion and the pricing of an Additional Tier 1 Capital amounting to €220 million. The ratings agency affirmed its short-term credit rating to ‘B’ and raised its long-term resolution counterparty
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A 44-year-old British woman in the north of the island has been arrested for filming her children for online paedophiles, according to Turkish media reports. An anonymous internet user in the UK alerted Turkish Cypriot authorities that the mother abused her four-year-old son and 16-month-old daughter by selling live broadcasts of them of a sexual
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Forty-four former Co-op branches are to close in September as the Hellenic Bank buy-out starts to take physical shape as a once illustrious institution bites the financial dust. The 40-odd closures are part of a strategy announced by Hellenic Bank CEO Ioanis Matsis, at the Annual General Meeting, confirming that 100 former Co-op branches will
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Cyprus’ cabinet meeting on Thursday agreed to push forward with promoting the advancement of Blockchain technologies to enhance the digital economy. Government Spokesman Prodromos Prodromou said ministers agreed to task an ad hoc working group with a mandate to establish a strategy for the development and implementation of Blockchain technologies. “The decision underlines that it
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Leading Russian bookmaker, Fonbet seeks to expand its presence in Cyprus after the €1 mln exclusive sponsorship deal it sealed with resurgent football club Omonia, which will give it the necessary brand awareness to eventually launch a chain of sports betting shops. Already active in Cyprus and licensed by the local gaming authorities for online
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According to Cyprus Transport Minister Vasiliki Anastasiadou the state budget allocated for noise reduction on the island’s road network is insufficient for comprehensive coverage. Whereas, according to the Ministry, a total amount of €50 mln is needed, the Minister said that the government has only budged €2 mln for sound barrier works in their three-year
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Britain is making contingency plans to build a port in Cyprus to service its sovereign military bases on the island to safeguard against a disorderly Brexit next year. According to a report in The Times on Thursday, Britain would have to spend tens of millions of pounds building a port to service its military bases
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