By Jeffrey Halley New York had another tumultuous session overnight, dominated by noise from the crypto sector where (un)stable coins continued to suffer from untethering. Either the crypto noise was pushing equities down, or vice versa, I know not. Regardless, the intraday sell-offs reversed, and a semblance of calm descended on Wall Street into the
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Auctions of foreclosed properties are back online following a two-year freeze imposed by authorities due to the COVID-19 pandemic fallout, as 800 auctions have been scheduled for the next weeks. According to the Interior Ministry’s database, most properties going under the hammer are agricultural land auctioned before but failed to attract interest. However, houses and
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Energy consortium Eni-Total next drill venture in Cyprus’ Exclusive Economic Zone will probably take place in May as soon as the drilling rig completes its work in Egypt, Energy Minister Natasa Pilides said Thursday. After the first drilling, the French-Italian consortium, this year, will most likely carry out a second in another area where they have seismic
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Justice Minister Stephie Dracos argued that Cyprus’ notoriously slow justice system would be fast-tracked provided MPs passed three much-needed reform bills reshaping the court system. The three bills tabled by Dracos’ ministry create a new Supreme Court, a Supreme Constitutional Court, a Commercial and a Naval court. While cases linger in courts for up to
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Ayia Napa Marina has the potential to attract special types of tourism to help the Famagusta region transform into a year-round tourist destination. The marina could accommodate conferences and cruises, turning the region into a multi-purpose location, Deputy Minister of Tourism Savvas Perdios said at the Famagusta Business Forum. “We have admired this fantastic marina and the
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A tripartite defence cooperation programme was signed by the military delegations of Cyprus, Greece and Armenia in Yerevan, according to the Cypriot National Guard. The Tripartite Defence Cooperation Programme includes joint exercises, joint training of various types, and cooperation between the Academy of Defence and Security of the Cyprus Defence Ministry, the School of National
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The death of three endangered Griffon vultures in Paphos is “a huge blow” to the species’ population in Cyprus, as their number has halved to under ten. Conservationists BirdLife Cyprus said that investigations indicate the birds had been poisoned. Authorities are on alert as the island’s protected vulture population has fallen from 15-20 in 2021
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Diplomatic missions have launched the ‘Diplomats for Equality’ Cyprus branch, a global initiative to support LGBTQI+ rights, with Thursday’s ‘IDAHOT+ Forum 2022’ in Limassol their first joint action. According to the British High Commission, the diplomatic missions of Australia, Austria, Belgium, Finland, France, Greece, Ireland, Israel, Italy, Luxembourg, the Netherlands, Spain, Sweden, the UK, US, and
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Cypriots are jumping at the chance to travel to Greece by ferry this summer, after the revival of the link after two decades, as in less than a week, almost 3,000 have booked a place on one of the 44 trips. In comments to the Financial Mirror, Akis Kelepeshis, the executive chair of Top Kinisis,
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Nicosia argues that greener EU transport policies will disproportionately impact Cyprus holiday flights and shipping costs. Minister for Transport Yiannis Karousos and Deputy Minister for Shipping Vassilis Demetriades were in Brussels this week to discuss the implications of EU proposals to reduce pollution from the transport sector. In a statement made during their visit, the
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