An excavation will begin on August 27 at a site in Strovolos, Nicosia, in search of the remains of two Turkish Cypriots missing since the 1964 troubles. A reliable source told the Cyprus News Agency that the Committee on Missing Persons (CMP) will also resume their work on Monday, at five sites in the Turkish-held

Ray Woolley, undisputedly the “world’s oldest diver” will celebrate his 95th birthday next week with a 35m scuba dive to the popular Zenobia wreck off the coast of Larnaca, where he officially set the record on his birthday, August 28, last year. The WWII veteran, who stars in the documentary ‘Life Begins at 90’, set

An 1829 Greek Orthodox icon of St. George, looted from the village of Karavas after the 1974 Turkish invasion, is set to be repatriated after it was confiscated by the Swiss authorities. The 19th century icon was confiscated only hours before going to auction in Koller, an auction house in Zurich. The legal process was

Around 5% of the island’s population will take part in World Clean-up Day 2018 in September when for the very first time there will be simultaneous participation of 150 countries, including Cyprus. A clean-up of the area around Klirou Dam, on September 16 will represent Cyprus’ international action through the volunteer network “Together Cyprus”, which

Apollo Global Management is the preferred bidder to buy a non-performing loan portfolio being sold by Bank of Cyprus, according to Bloomberg. Bank of Cyprus and Apollo are in talks in London to finalise details of the sale of a roughly €3 bln ($3.5 bln) portion of the lender’s bad-loans book, sources told Bloomberg. Cypriot

Shareholders gave their nod of approval Wednesday to Hellenic Bank’s proposed capital increase that will fund the takeover of the ‘good assets’ of the state-controlled Cyprus Co-operative Bank, a process that will take about 15 months and will create the island’s second biggest lender. The go-ahead paves the way for a €150 mln capital increase,

Bailed-out Cyprus is well on its way to regaining investment grade status after six years in the financial wilderness following an economic meltdown. Government Spokesman Prodromos Prodromou talked up the government’s progress after a six-month review of the second-term Anastasiades administration by cabinet. Cabinet was briefed by the Finance Minister on developments in the economy. 

Nicosia will renegotiation the contract with the consortium that holds the license to exploit Aphrodite gas field in block 12 of Cyprus Exclusive Economic Zone. Energy Minister George Lakkotrypis told reporters after that the best choice is to find a mutually acceptable solution to move on with the development of Aphrodite as soon as possible