Brussels may not be keen on greenlighting the Mortgage-to-Rent scheme, the latest lifeline to defaulted borrowers, despite authorities declaring it is ready to go. News site Stockwatch reported the scheme has been lingering in EU hallways since last summer when the Anastasiades administration submitted it for review. Quoting sources close to the Directorate-General for Competition
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Nicosia does not perceive any disruption of the military balance after the Turkish-occupied north and Turkey denounced the visit of the USS San Juan submarine, which docked at Limassol. Government Spokesperson Konstantinos Letymbiotis said Monday: “We do not consider that there is any disruption of balance. “With the foreign policy, we follow and defence agreements we
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The government is conducting a probe into what authorities are now calling an “irregular security exercise” in which undercover police officers passed a fake explosive device and knives through Larnaca airport security. Justice Minister Anna Koukkides Procopiou ordered the probe to clarify whether any disciplinary offences were committed by the Police in the controversial security
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Greek Foreign Minister Nikos Dendias said improved Greek-Turkish ties could positively impact resuming deadlocked Cyprus talks. In an interview with the Greek newspaper “Apogevmatini tis Kyriaki”, Dendias argued that the solidarity shown by Greece following the devastating earthquakes in Turkey has “shaped a new landscape in Greek-Turkish relations.” As he noted, this new situation has
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After decades of building a sound reputation as a leading maritime nation, with a pioneering tax regime that made Cyprus a flag of choice and not convenience, and as safety and eco-compliance become new priorities, it’s time for this island to contest a primary role in the world of shipping. The fuss over the past
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Paphos’ visions of becoming a magnet for higher education are realised as the American University of Beirut (AUB) is to launch its Cyprus campus there in a show of confidence. The AUB Mediteranneo, as the university’s twin campus will be called, is ready to welcome its first students, giving the town a well-deserved boost. It
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As the war in Ukraine grinds on, many people are appalled by Russia’s brutality, particularly after its campaign suffered many reversals on the battlefield amid continuous US and Western support. Europe is going through a new war of aggression, the likes of which have not been seen since Operation Barbarossa when Hitler’s Nazi regime went
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Although you can predict greedy banks hiking interest rates and overcharging customers while denying savers a chance to reap some rewards, the life of a Premier League manager is much more fluid. Chelsea’s form this season has been more disappointing than the returns from a Cypriot bank savings account. In fact, Chelsea’s expected goal ratio
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Success in keeping world peace has never been long or flawless. When NATO bombers flew over former Yugoslavia in 1999 to end the slaughter of innocent civilians by Slobodan Milosevic’s forces, they did not carry a UN mandate as required. Yet their airstrikes were decisive in ending what became known in international affairs as ethnic
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There is keen interest in installing photovoltaics on roofs or elsewhere, and based on the government’s subsidised programme, PV systems operate by offsetting the electricity produced and consumed. That is, each home produces energy with photovoltaics, and each owner consumes electricity needed at that time based on the consumption needed by the house. The remaining
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