If the government needed any firmer example of where the island’s division was going, there were plenty of people involved in the non-existent peace process telling us the game’s up. The reunification ship is being crushed by shifting ice that has frozen any move to rekindle Cyprus talks – not even the United Nations are
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The government seems to have had second thoughts on rushing through parliament a protectionist measure to prevent an American investment fund from taking over the Bank of Cyprus. This bill was supposed to block Texas-based Lone Star’s takeover bid, which the bank’s management and board claimed would have been detrimental to major shareholders and customers.
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Greek and Turkish Cypriots must set aside their differences and find a solution to the Cyprus problem sooner rather than later, as bigger challenges threaten the island’s existence. Intervening at the Cyprus Forum, a policymaking conference, thinker Noam Chomsky was asked about the significance of the US decision to lift an embargo on arms sales
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Europe’s energy crisis will not just be for this winter. Europe is expected to face similar problems next winter and probably beyond, driven by tight global gas supply and increasing competition for tight LNG supplies. Fatih Birol, the head of the International Energy Agency (IEA), warned that the “energy crunch threatens to shatter European unity,”
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The outlook for Europe’s economic growth continues to deteriorate with the combination of tightening monetary policy, high interest rates, high inflation, and concerns about the supply and cost of energy. At the same time, China’s economy is still hampered by Covid-19 restrictions and its deteriorating property sector, with GDP growth down to 0.4% during Q2
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The uncertainty over future relations between the European Union and Russia has taken its toll on Cyprus shipping, as sanctions have forced some companies to remove the Cypriot flag from their vessels. Although a last-minute intervention from Cyprus successfully set aside an EU ban on ships carrying a flag of a member state to set
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With the next presidential elections just around the corner, there is concern about whom to vote for and which party supports the individual candidates. As the voting system is, it limits the voter to choose based on the supporting political party, which may be the easy part here because it is the basic philosophy of
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The Cabinet approved the 2023 state budget on Friday, with Finance Minister Constantinos Petrides heralding it “the greenest, with the most social benefits” ever submitted by a government. The budget approved by the Cabinet is balanced, with income expected to reach €8.452 bln, while spending rises slightly higher to €8.456 bln. Noting it is the
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The government has left the door open to recalling its decision to freeze an incentive scheme supporting airlines to keep Cyprus on schedule through the COVID and the Ukraine war. In comments to CyBC TV, Transport Minister Yiannis Karousos said he is in talks with Finance Minister Constantinos Petrides over the future of the incentive
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A leading expert with extensive experience in the operation and engineering of ships, has called for wider use of hydrogen as a fuel that will ultimately help the maritime industry meet its emissions reduction target by 2050. Speaking at the Cyprus Shipping Chamber’s “World Maritime Day” event celebrated on September 29, Antonis Trakakis, Technical Director
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