Greece’s IPTO takes 25% strategic stake in EuroAsia Interconnector Cyprus is becoming an ‘aircraft carrier’ for Israel to provide its eastern Mediterranean neighbour with a secure supply of energy generated from offshore gas fields, converted to electricity, and transmitted cheaply and safely via a subsea cable. With the island rapidly developing its renewable energy sources
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The government is moving ahead with the second phase of a €3.7 mln incentive scheme for 1,000 electric vehicle charging stations nationwide while preparing legislation for petrol stations to charge cars. The government has submitted amendments to the existing legislation on the operation of petrol stations to allow them to participate in the scheme and
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Bank of Cyprus shareholders may have been delighted the former financial powerhouse has returned to a dividend-paying policy after a tumultuous decade of lost deposits, haircuts and share write-downs. But when opening the envelope, the shock for many finally sunk in. They had been duped all these years, and the reward was a paltry few
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Turkey’s currency hit an all-time low this week, while the central bank’s net reserves marked their largest rise on record as it stopped supporting the lira. The lira reached a record low of 26.10 against the US dollar on Thursday during low liquidity hours and later firmed to as much as 25.55. But it later
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A consortium of local wineries pulled together to reinstate Cyprus on the world map as a centuries-old wine-producing country promoting their wines under an umbrella brand Winecore. Some 15 wineries created the Cyprus Wine Consortium to shape the future of vineyards and revive the island’s wine history by highlighting Cypriot grape varieties. Cyprus Wine Consortium’s
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Sales staff in the real estate sector do not pay particular attention to educating themselves and becoming professionals at the required level. There are 400 registered estate agents, plus another 270 sales assistants who can be involved in property deals. Bearing that only registered estate agents/assistants can sell the owners of a property, the agents
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Cyprus’ state prosecution service said Friday that the decision of the Criminal Court to jail a man who received services of a sexual nature from a victim of human trafficking was a legal milestone. “This is the first time that a ‘client’ has been convicted by a Cypriot Court,” said Cyprus’ Legal Services on Friday.
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By Craig Erlam European stocks are ending the week on a high, buoyed by another encouraging inflation report that will soon support the end of the ECB’s tightening cycle. Not only did the headline HICP rate fall further than expected, but the slight rebound at the core level – driven largely by unfavourable base effects,
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Growing discontent over how authorities handled the investigations into the death of conscript Thanasis Nicolaou has triggered public anger as social media support groups organised a protest on 12 July outside the Presidential Palace. The development comes after Attorney General closed the investigation of his death in 2005 without prosecution, despite evidence showing he was
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Israel intelligence services (Mossad) said they had captured the man behind the thwarted terrorist attack against Israeli targets in Cyprus. Israel said on Thursday its Mossad intelligence service carried out an operation in Iran to capture the suspected leader of an Iranian plot to attack Israeli businesspeople in Cyprus and thwart the attack. “In a
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