The EuroAsia Interconnector has the potential to change the rules of the game in energy security and energy supply in European markets and elsewhere, Energy Minister Natasa Pilidou said on Monday, following a trilateral meeting with her Israeli and Greek counterparts, Karine Elharrar and Costas Skrekas respectively, in Jerusalem. The Cypriot minister also stressed the
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By Craig Erlam European stocks slipped again on Monday at the start of what is likely to be another very lively week in financial markets. That has very much become the norm this year, for obvious reasons, but this week has an interesting mix of central bank decisions, the start of earnings season and major
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The Health Ministry issued its last safe travel list based on COVID-19 risk before scrapping its coloured-coded system and mandatory Flight Pass request on 18 April. All COVID restrictions are removed for vaccinated passengers who are no longer required to take any action before a flight to the island. Good news for the unvaccinated travellers
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Cyprus reported three coronavirus deaths on Monday, with new daily cases rising again to 2,254 after dipping below 2,000 during the weekend, while hospitalisations dropped to 204, on the first day of a widespread relaxation of measures. Most of the COVID-19 restrictions were lifted with a mask mandate for outdoor facilities scrapped, while a Safe
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Support for war-ravaged Ukraine cannot be subjected to preconditions, despite Cyprus’ disappointment over Ukrainian President Volodymyr Zelensky’s failure to mention the Turkish invasion when addressing Cypriot MPs, said House Speaker Annita Demetriou. Zelensky’s long-awaited landmark address to the Cyprus Parliament had left a bitter taste, compounded by the fact the live connection was lost midway
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Hellenic Bank is close to offloading the last of its Non-Performing Loans after sealing an agreement to sell a package of NPLs worth over a billion euros and its debt servicing platform APS. The deal, called Project Starlight, involves the sale of non-performing exposures (NPEs) worth €1.32 bln to Oxalis Holding SARL, an entity managed
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The British Bases will be holding a Queen’s Platinum Jubilee charity concert at the ancient Kourion Amphitheatre, Limassol, on June 2. This historical event will celebrate the platinum jubilee of Queen Elizabeth II, her service to the UK for over 70 years and her close support to her Armed Forces. The concert will also celebrate
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By Hussein Sayed, Chief Market Strategist at Exinity After a positive start to the week, US equity futures took a hit as bond yields rose across the curve, indicating that the recovery from last week’s selloff will prove to be hard. The sharp increase in yields over the past several days reflects investors’ perception of
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Authorities are confident the island will have a better tourist season, as passenger traffic is expected to increase by 50% in 2022 compared to last year. Transport Minister Yiannis Karousos told media covering a TUI plane-naming ceremony at Larnaca airport that the island will see significantly more traffic, despite losing out on almost 1.6 million
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Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable. Petrides said in a statement: “DBRS justifies its decision to upgrade the Republic’s credit rating to BBB, based on the prudent policy of the public debt management, the historically
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