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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Cyprus has eased most of its COVID-19 restrictions from Monday with a mask mandate for outdoor facilities scrapped, while a Safe Pass is no longer required for work or shopping. People wanting to enjoy time at outdoor facilities, such as coffee shops and restaurants, are no longer required to wear a face mask while moving
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Just in time for the summer season, Cyprus has a new flying ambassador; TUI is the first international airline to name an aircraft after a Cypriot town. Larnaca, the most important region of Cyprus for TUI vacationers, is the namesake for the group’s new Boeing 737-8. At Larnaca on Sunday, the German aircraft was greeted
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Cyprus reported two coronavirus deaths on Sunday, with new daily cases dropping further to 1,459, while hospitalisations rose to 207, of whom 29 are critical. The Health Ministry said in its Covid bulletin that the latest victims were two women, 74 and 91, raising the April death toll to 23 and 977 to date. More
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If anybody wants to measure how far the Cyprus problem has fallen off the political map during the war in Europe and economic crisis, this is the perfect time to do it. The island’s deepening division only resurfaces if Turkey decides to do something belligerent like open Varosha, send warships into Cyprus waters or wheel
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