Cyprus Airways announced the upgrade of its fleet from the A320 to the advanced greener A220 aircraft. The leasing of two A220-300 aircraft was unveiled during a joint conference with Airbus at the prestigious Paris Air Show 2023 on June 20. They are expected to be available for the summer season. The transition to the
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British High Commissioner Irfan Siddiq expressed his encouragement at the excellent collaboration with government and industry in Cyprus regarding UK sanctions of Cypriot entities linked to Russians supporting Moscow’s war. During a reception at the King’s Birthday Party hosted in Cyprus, Siddiq, on Wednesday, acknowledged the existence of challenges in the Cyprus – UK bilateral relations. However,
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The property market in the capital is attracting strong interest from investors, as another multimillion project is in the pipeline. According to Kathimerini Cyprus edition, a new investment exceeding €60 mln is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia, on the capital’s busy Limassol Avenue. The
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Non-performing loans decreased by €105 mln at the end of March, compared to the end of December 2022, reaching €2.2 bln, according to the Central Bank of Cyprus. The ratio of NPLs to total loans dropped to 9% from 9.5% at the end of the last quarter. Total loans increased from €24.361 bln at the
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Former Larnaca Bishop Chrysostomos has challenged a Holy Synod decision to suspend him from his duties following his 12-month jail term after being found guilty of sexually assaulting a minor in a historic case. The cleric also refuses to move out of the Larnaca Bishopric residence, which was also part of his penance decided by
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The cabinet on Wednesday approved an Energy Ministry proposal to allow petrol stations to install electric vehicle charging points. The move, which will be implemented after an amendment to the existing law on petrol stations, is aimed at increasing the limited number of electric vehicle charging points on the island. The news was delivered by
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Preventing and combating human trafficking is a priority for the government, said Justice Minister Anna Koukkides Procopiou, following a US State Department report which positively assessed Cyprus, maintaining its Tier 1 ranking. A ministry statement said the US report notes positive developments that authorities have successfully identified more victims issued stricter sentences, maintained a robust victim
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Cyprus has signed a letter of intent for the joint acquisition of infrared-homing short-range French anti-aircraft missiles Mistral. The Ministers of Defence of France, Belgium, Estonia, Hungary, and the Permanent Secretary of the Ministry of Defence, Andreas Louka, co-signed the Letter of Intent. The French Embassy Tweeted: “Defending Europe’s skies can only be achieved through
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Cyprus could only sit back and watch as Norway took home an easy 3-1 win, with Erling Haaland’s brace breaking the world record for the most goals scored in a single season. Haaland, 22, scored twice in the second half, pushing his goal tally for the season to 56, two more than the previous record
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The House is backing legislation to abolish a €350 company annual levy paid to the Registrar of Companies, despite a Finance Ministry pushback claiming it would affect the government’s fiscal plans. At a meeting on Tuesday, the House Commerce Committee decided to gradually abolish the annual levy to lighten the burden on businesses from inflation
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