Cyprus has been devastated from the news that defence minister Tasos Mitsopoulos died on Saturday having been hospitalised a day earlier with a brain hemorrhage. “Defence Minister Tasos Mitsopoulos' state of health showed further deterioration and despite all the efforts, the patient succumbed at 1.30pm,” said Nicosia General Hospital ICU Director Theodoros Kyprianou. Politicians and

The health of defence minister Tasos Mitsopoulos has deteriorated overnight with doctors at Nicosia General Hospital saying on Saturday morning it was “irreversible”. President Nicos Anastasiades, who cut short his meeting at the European leaders' summit in Brussels on Friday to be by the side of his 49-year-old protégé, returned to the hospital on Saturday

Emergo Wealth announced that it has agreed to acquire the business of the boutique financial advisory firm The Parthenon Partners. Under the terms of the agreement, Dr George Mountis, founder and Managing Director of The Parthenon Partners will join the executive team of Emergo Wealth as Director of Business Development. Emergo Wealth Ltd. is a

BNP Paribas Investment Partners and Bank of Cyprus have launched eight open-ended sub funds under the BNP Paribas Plan Easy Future brand, aimed at both retail investors as well as corporates, mainly as alternatives to defined-benefit products for pension funds. The eight products offer an annual return with a range of 1.50% to 4.43%, significantly

The Law Office of the Republic of Cyprus is working to substantiate the first legal cases and indictments related to issues being investigated for criminal offenses concerning the state of the economy and the banking sector, according to a press release, issued by the Law Office. Yesterday a meeting took place at the offices of

The Government aims to maintain Cyprus´ leading role in the world shipping scene through continuous development and growth, said Minister of Communications and Works Marios Demetriades at the 2nd Cyprus Shipping Forecast Forum. Stressing the importance of shipping as a source of income to the local economy that dipped into recession since last year, the

Defence Minister Tasos Mitsopoulos was rushed to hospital in the morning, after he fainted at work. He is being treated at the Emergency Room of the Nicosia General Hospital. His condition is very serious. Acting President Yiannakis Omirou, members of the Cabinet, party leaders and other officials are visiting the hospital to be briefed on

Ministry of Foreign Affairs of the Republic of Cyprus expresses its utmost regret that common allegations presenting Cyprus as a “safety net” for the wealthy Russian oligarchs still persist, regarding yesterday’s (19/3/2014) article titled “Mapped: Where Russia Stashes its Cash” by John Schoen, posted on CNBC’s website. According to an official announcement issued here today,