Irena Georgiadou, the former chairperson of Hellenic Bank, has joined the board of RCB Bank, following changes at the Limassol-based bank, including the announcement last week of its shareholding restructure. Georgiadou, 46, served as chair of the island’s second-biggest lender from 2014 to 2017 and steered it through a rigorous restructuring plan that absorbed the
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Two Congolese, aged 39 and 33, were arrested at Larnaca airport after evidence emerged that one was travelling with a fake EU passport provided by the other. On Monday, the two men were remanded in police custody for four days by a Larnaca district court. One is facing charges of assisting the illegal entry of
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The ministries of Transport and Tourism are striving to offset the impact of excluding air traffic from Russia. Cyprus, along with the other 26 EU member states, closed its airspace to Russian aircraft following the crisis in Ukraine. Transport Minister Yiannis Karousos told CNA Nicosia hoped it could minimise the financial impact on Cyprus. Karousos
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Cyprus striving to recover from the pandemic is hindered after the EU’s latest banking sanctions on Russia will also affect the island’s services sector, say stakeholders. Many Russian offshore companies will now find themselves cut off from their banking assets in Russia, affecting their dealings with local companies. On Sunday night, the President of the
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By Hussein Sayed, Chief Market Strategist at Exinity US and European equity futures fell dramatically in early Asian trading hours on Monday, along with bond yields, while the dollar and commodity prices surged as investors looked for havens to hedge their portfolios, following the latest developments in the Ukraine crisis. The Russian rouble plunged by
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Omonia FC has sacked their head coach Henning Stile Berg after the club failed to secure one of the six spots in the Championship play-offs for the title. It is the first time Omonia have missed the play-off since they were introduced in 2007. Henning Stile Berg, a former Manchester United player and Norwegian international,
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Cyprus supports the mandatory resettlement of migrants from countries currently receiving large waves of Ukrainian refugees, said Interior Minister Nicos Nouris. He said EU Interior Ministers expressed their support for the sanctions being imposed on Russia and condemned the Russian invasion of Ukraine. “In addition to the decisions of the past few days, the Council
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Russia will find out just how isolated it is on the world stage Monday afternoon as the United Nations holds a rare emergency session of the General Assembly to discuss whether to condemn Moscow’s attack on Ukraine. All 193 members will have their say as the global body decides if it will support a resolution
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Cyprus Monday closed its airspace to Russian planes under agreed EU sanction but reserved the right to change its mind if Turkey does not do the same. Foreign Minister Ioannis Kasoulides said Cyprus supported humanitarian aid to Ukraine and targeted restrictive measures against Russia. Nicosia agreed to shut European airspace to Russian planes, but the
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Cyprus reported two coronavirus deaths on Sunday as new daily infections continued to drop, to 1,387, with the rate of hospitalisations down to 148, while serious cases were up at 36. The Health Ministry said in its Covid bulletin that the latest victims were a 91 year old man and a 74 year old woman, raising
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