Cyprus Archives - Page 373 of 417

Online auctions helping banks offload properties

Online auction of properties acquired by banks, mainly through debt-to-asset swaps to reduce their toxic loans, have started to take-off as many more are being sold off. A private online platform, BidX1

21st February 2020

Cyprus/Property

Chairman and ref to stand trial as football sleaze explodes

Cypriot chairman of a second division football club and a referee will stand trial before the Cyprus criminal court on 17 March accused of match-fixing. Ayia Napa FC chairman Demetris Masias, 39,

20th February 2020

Cyprus/World

Cyprus and Norway to discuss Turkey’s illegal drilling

Turkey’s illegal activity in Cyprus maritime zones will be the focus of discussions when Norwegian Foreign Minister Ine Eriksen Søreide visits Nicosia on Friday. Søreide will pay Cyprus a working visit where

20th February 2020

Energy

Cypriots trust the army more than politicians

Nearly nine out of ten Cypriots do not trust politicians but believe the army and police are their most trusted institutions, according to Eurobarometer results for Cyprus. When asked which institutions and

20th February 2020

Cyprus/Life & Society

Cyprus Shipping Chamber backs EU Green Deal

Cyprus shipping supports the Industry’s positions on the EU Green Deal and is fully committed to eradicating its greenhouse gas (GHG) emissions as soon as possible. On the occasion of European Shipping

20th February 2020

Maritime

Historic high in investment fund assets

Cypriot investment fund assets hit a historic high in 2019 reaching a total of €6 bln on a 27% annual rise, data released by the Cyprus Central Bank shows. The number of

20th February 2020

Business

Cyprus and Jordan renew defence pact

Defence Ministries of Cyprus and Jordan renewed a military cooperation programme expressing their joint political will for further deepening their collaboration in the defence and security. The signing took place at the

20th February 2020

Cyprus/World

Fugitive Jho Low could be flushed out by coronavirus

Fugitive financier and Cyprus passport holder Jho Low may have been in Wuhan, with Malaysian authorities now on the lookout for his return due to the coronavirus outbreak. “Previously, we did receive

19th February 2020

Business/World

Cyprus airports see 8.6% rise in passenger traffic

Air traffic at Larnaca and Paphos airports increased by 8.6% in January 2020, according to Hermes Airports data. Passengers passing through Larnaca and Paphos airports in January reached a total of 459,700

19th February 2020

Cyprus/Life & Society

New rent law provides grey areas

It was pleasing to hear that, after three postponements, Cyprus MPs have finally voted in the much-awaited amendment to the rent law. The pros of the amendment are the following: First, the

19th February 2020

Comment/Cyprus/Property