UN data indicates 47 suspected hazardous areas in Cyprus may be contaminated with mines and/or ERW (explosive remnants of war), covering approximately 1.7 million square metres. According to the United Nations Peacekeeping Force in Cyprus (UNFICYP), 199,783m² of land has been released in the occupied areas since August 2016 to remove the threat of mines
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After 74 years as a leading juices and soft drinks manufacturer, Cypriot firm KEAN has sold its business to Limassol-based real estate investors Prime Property Cyprus for an undisclosed fee. Ever present in the island’s HORECA sector, KEAN drinks are found everywhere, from supermarkets to traditional coffee shops and five-star hotels. The Cypriot juice maker
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French marines have conducted a military exercise on the island codenamed ARIADNI-23 with units of the Cypriot National Guard, according to the embassy of France. “These activities continue to illustrate the high level of cooperation between France and Cyprus in the field of defence,” the embassy tweeted. “Over the last few days, the French marines embarked
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By Craig Erlam Equity markets started the week a little mixed amid a nasty surprise from OPEC+ at the weekend, albeit against the backdrop of easing anxiety over the banking sector. We’re now entering the third week without new drama in the banks and while I don’t think anyone is ready to claim victory, there
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Deepening relations in trade, economy, tourism and Energy will be the focus of a meeting in Cairo between President Nikos Christodoulides and Egypt’s Abdel Fattah al-Sisi. President Christodoulides, on his first major trip outside Europe, visits Egypt on April 5 – 6. Apart from the Egyptian President, he will also meet the General Secretary of
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The government is preparing for the creation of a Deputy Ministry of Migration and Asylum to curb increased flows of irregular migrants effectively, said Interior Minister Constantinos Ioannou. Quoted by CyBC TV, Ioannou said that his ministry is working on the relevant legislation, which it hopes to be able to table before the House by
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A report into how undercover officers, posing as passengers, successfully passed through Larnaca airport security with a dummy explosive device and fake knives without being detected was handed to the police chief. In comments to state radio CyBC on Monday, police spokesperson Christos Andreou said there are ongoing discussions on improving security at the airport
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Hiking interest rates are prompting Cypriot households to have second thoughts over borrowing money to buy their dream home as demand for mortgages declines rapidly, according to the Central Bank of Cyprus. The Central Bank recorded a drop in demand for credit amid the energy crisis and inflationary pressures, which are driving up household costs,
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Sunday’s annual Christodoula march, organised by British Bases Police and attended by the First Lady of the Republic, raised €15000 for the Cyprus Anti-Cancer Association. Now in its 18th year, the charity march was the first time Philippa Karsera had visited the Bases since becoming First Lady and saw over 500 people participating. The First
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Despite pressure from local and European Union monetary authorities, Cypriot banks appear reluctant to substantially increase deposit rates, among the lowest in the bloc. Reportedly, the island’s banks are ready to increase interest rates on deposits, but at a snail’s pace, to keep their profit margin (spread). According to data from the European Central Bank,
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