Polis Chrysochous residents are in uproar after a fellow elderly villager died in a taxi on his way to the Paphos General Hospital after doctors at the local hospital said they could not treat him. A 77-year-old man died in a taxi, which the patient had hired to take him to Paphos General as the
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The EU will stand with Cyprus under pressure from increased migration flows, European Commission Vice President Margaritis Schinas pledged. He argued Turkey would not move outside a framework of incentives and sanctions, either in the Eastern Mediterranean or fenced-off Varosha. Addressing a group of journalists in Brussels, Schinas said Cyprus is under pressure due to
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Working from home will be reintroduced as the government tightens COVID-19 measures to curb a new wave of coronavirus cases. The emergence of the Omicron COVID-19 variant, coupled with the island’s new spike of infections, has Health Minister Michalis Hadjipantelas set to table tighter measures before the cabinet on Thursday. As confirmed by the Health
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Five men arrested in Nicosia in connection with the brutal beating of an American basketball player have been released without charge, police said. The men were arrested in connection with the attempted murder of Corey Manigault, 23, a basketball player for AEL Limassol. Manigault is in hospital with a brain haemorrhage and hematoma following serious
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Part of the capital Nicosia will be on lockdown to accommodate Pope Francis’ visit with central roads closed to the public and more than 500 police officers on duty to protect the Pontiff. Cyprus police are on the highest alert, with action plans constantly being reviewed as the Pope is considered a high-risk target for
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The first trilateral meeting between Cyprus, Jordan and Greece is set to take place on Wednesday at the Defence Minister level in Nicosia. It is another step in the three countries improving their regional alliance at a military level. “The meeting is a result of continued efforts between the leaders of the three countries to
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Cyprus will experience cold weather as Wednesday night is expected to be the coldest so far, with temperatures dropping to zero degrees Celsius in the highest mountains and 6°C inland. Talking to the Financial Mirror, Eric Kitas of KitasWeather, said Troodos saw light snow on Wednesday, while more could be expected on Thursday when temperatures
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Hellenic Bank saw its nine-month after-tax profits halved to €21 mln, from €40 mln in the same period last year, following a flat third quarter. It reported €8.2 mln in after-tax profits in the second quarter. However, the bank, still resolving non-performing loans associated with the takeover of the ‘good bank’ business of the former
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Bank of Cyprus is on track to return to steady profits after it announced a third-quarter after-tax profit of €19 mln and a significant reduction in its non-performing loans. The bank reported a turnaround from a €7 mln loss in the second quarter, with accumulated 9-month positive earnings of €20 mln. The 2021 accounts are
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By Lukman Otunuga, Senior Research Analyst at FXTM A wave of risk aversion upset European markets on Tuesday as concerns over the effectiveness of existing Covid-19 vaccines against the Omicron virus left investors on edge. US equity markets were in the red, while bond yields have fallen as market players fled from riskier assets to
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