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Date: 22.02.2019
Cyprus Economy
Cyprus Economy
National tourism strategy approved by the Council of Ministers

Day: 20/02/2019 14:38

The fundamental guidelines that should govern the final form of the national tourism strategy until 2030 were approved by the Council of Ministers on Wednesday. At the same time, the Deputy Ministry of Tourism is examining new forms of tourism as well as looking into new markets in an effort to...

FinMin: Strong confidence confirmation

Day: 20/02/2019 08:25

Finance Minister Harris Georgiades has spoken of a confirmation of strong confidence on Tuesday after Cyprus raised €1 billion in its first 15-year Treasury bill auction in history.There was an 8 to 1 bid to cover ratio, as total offers received reached €8 billion, with a yield of 2.75%....

Christodoulides to hold talks in Moscow with Lavrov

Day: 21/02/2019 14:42

Foreign Minister, Nikos Christodoulides, leaves this afternoon for Moscow where he will pay a one day working visit on Friday, at an invitation which the Foreign Minister of the Russian Federation, Sergey Lavrov, extended to him last December.According to a Foreign Ministry press release during...

Cabinet approved fund for the protection and insurance of agricultural produce

Day: 21/02/2019 08:24

The creation of a fund for the protection and insurance of agricultural produce was approved on Wednesday by the Council of MinistersSpeaking after the cabinet meeting, Minister of Agriculture Kostas Kadis said that the fund is part of the agricultural insurance reform that has been under...

Commissioner for the General Health System announced

Day: 21/02/2019 14:31

The Council of Ministers approved on Wednesday the appointment of Dr. Christodoulos Kaisis as Commissioner for the General Health System to examine and evaluate any complaints or complaints submitted by any interested party.Deputy Government Spokeswoman, Klelia Vasiliou  said after the cabinet...

State-owned KEDIPES generates income of €101 ml

Day: 20/02/2019 08:26

Cyprus Asset Management Company’s (KEDIPES) generated income of 101 million Euros in the first four months of operation of the state-owned asset manager, established following the sale of the former Cyprus Cooperative Bank to Hellenic Bank.KEDIPES was established as a 100% subsidiary of the...

European elections estimated to cost €3.5 million

Day: 20/02/2019 08:27

The Ministry of Interior has budgeted a sum of €3.5 million to cover the cost of the upcoming European elections of May 26 and the central elections service is continuing its preparations whilst waiting for a recent legislation passed by parliament, which would increase the cost, to be...

Trade deficit at €4.2 billion

Day: 20/02/2019 14:39

Cyprus trade deficit for the period of January – November 2018 amounted to €4.2 billion marking a reduction of 11.8% compared with the period of 2017, the Statistical Service (Cystat) announced today.According to Cystat, total imports in January-November 2018 amounted to €8.274,2 mn...

President to attend EU-League of Arab States summit in Sharm El-Sheikh

Day: 19/02/2019 12:39

Cyprus President Nicos Anastasiades will attend the EU-League of Arab States (LAS) summit that will take place on February 24 and 25 in Sharm El-Sheikh, Egypt. Government Spokesman, Prodromos Prodromou, said in a written statement that this is an important summit that will bring together for...

Christodoulides to meet Lavrov in Moscow

Day: 19/02/2019 12:42

The Cyprus problem, bilateral relations between Cyprus and Russia, relations between the EU and Moscow as well as developments in the Eastern Mediterranean region will be the focus of the talks which the Minister of Foreign Affairs, Nikos Christodoulides, will have on February 22nd with his Russian...

European Economy
European Economy
Church cardinals urge end of 'homosexual agenda'

Day: 20/02/2019 08:33

Two prominent Roman Catholic Church cardinals have called for an end of the "plague of the homosexual agenda", urging bishops to end their complicity and silence over cases of sexual abuse.

Europe to Mike Pence: No, Thank You

Day: 19/02/2019 09:17

A French ambassador observed to me that, “The Trump Administration has achieved the extraordinary feat of turning the Germans into Gaullists.”

Spanish warship ordered ships to leave British waters near Gibraltar

Day: 18/02/2019 08:42

A Spanish warship tried to order commercial shipping to leave anchorages in British waters near Gibraltar but was challenged by the British navy and sailed away, Gibraltar said.

RBS boosts dividend but warns Brexit turmoil could increase costs

Day: 15/02/2019 08:25

Britain’s Royal Bank of Scotland unveiled a better than expected dividend for long-suffering investors after its profit more than doubled in 2018, but warned Brexit would make it harder to achieve its cost-cutting goals.

EU adds Saudi Arabia to dirty-money blacklist, upsets UK, U.S.

Day: 14/02/2019 08:07

The European Commission added Saudi Arabia, Panama and four U.S. territories to a blacklist of nations it considers a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday.

It's May's deal or long Brexit delay, UK's chief negotiator says in a bar

Day: 13/02/2019 08:27

British lawmakers will face a stark choice between Prime Minister Theresa May’s Brexit deal or a long extension to the March 29 deadline for leaving the bloc, May’s chief Brexit negotiator Olly Robbins was overheard saying in a Brussels bar.

Trade talk hopes and shutdown deal buoy global stocks

Day: 12/02/2019 10:19

World shares and bond yields rode a renewed surge in risk appetite on Tuesday, as investors were optimistic about U.S.-China trade talks and cheered Washington’s deal to avoid another government shutdown.

UK has approached Gulf countries on post-Brexit trade pact

Day: 11/02/2019 08:30

The United Arab Emirates’s economy minister said on Monday that Britain has approached the UAE and other Gulf countries on a possible post-Brexit trade pact.

EU plans to add Saudi Arabia, Panama to dirty money blacklist

Day: 08/02/2019 07:54

The European Commission is planning to name Saudi Arabia and Panama in a list of high-risk countries that fail to fight money laundering, despite resistance from Germany, France and the UK, the Financial Times reported on Friday.

Brexit: UK will not be 'trapped' in backstop, May to tell EU

Day: 07/02/2019 08:25

Theresa May will return to Brussels later to press EU leaders for legally binding changes to the Brexit deal.

Greek Economy
Greek Economy
Talk is Cheap? Greece, Skopje to Slash Roaming Fees

Day: 20/02/2019 08:33

With their governments now on speaking terms, Skopje and Greece have promised to slash roaming charges for traveling cellphone users.

Supreme Court Orders Prelim Inquiry into Media Reports on Political Party Funding

Day: 19/02/2019 09:08

Supreme Court prosecutor Xeni Dimitriou on Monday ordered a preliminary inquiry into allegations of exorbitant private funding to political parties, apropos of media reports quoting from the deposition of former PASOK official Thodoris Tsoukatos on a case of bribery.

Avramopoulos: Upcoming European Elections the Most Crucial Since the EU’s Founding

Day: 18/02/2019 08:39

“Europe is Greece’s supporter in practice and, essentially, Europe is a protective umbrella for Greece,” European Commissioner Dimitris Avramopoulos said speaking at the Olympia Forum organized by the newspaper “Patris” in Ancient Olympia on Sunday.

ND Leader Mitsotakis Met with Ecumenical Patriarchate’s Delegation

Day: 15/02/2019 08:23

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis met on Wednesday with an Ecumenical Patriarchate delegation, a party announcement said on Thursday.

SYRIZA Roadblocks Stymie COSCO Plans for Piraeus’ Transformation

Day: 14/02/2019 08:09

The Chinese company COSCO that runs the port of Piraeus has rejected a proposal by the ruling Radical Left SYRIZA to separate a $500 million scheme to upgrade the area with a mall and other projects with small businesses opposed to the idea.

Election Worries See Greek Banks Wanting Capital Controls Kept

Day: 13/02/2019 08:28

With the ruling Radical Left SYRIZA keen in an election year to lift the capital controls Prime Minister Alexis Tsipras imposed in the summer of 2015 to prevent a run on the banks, the financial institutions are in no hurry to have them lifted.

Survey for Leftist Paper Shows New Democracy Lead Halved

Day: 12/02/2019 10:18

With elections coming this year some point, the major rival New Democracy continues to lead every poll but one taken for a newspaper sympathetic with the ruling Radical Left SYRIZA showed the gap was less than half other independent surveys.

Mitsotakis Says SYRIZA Schemed to Redistribute the Wealth

Day: 11/02/2019 08:28

Greece’s major opposition New Democracy leader Kyriakos Mitsotakis said the ruling Radical Left SYRIZA deliberately overtaxed the middle class to create a pot of cash go give to lower-income groups and handouts to attract votes.

Greek Lawmakers to Vote on FYROM Name Deal’s Last Hurdle

Day: 08/02/2019 07:38

A Greek parliament committee is debating whether to sign off on FYROM joining NATO, the final hurdle to be cleared before its northern neighbor can formally be renamed North Macedonia.

China’s Cosco Makes Piraeus 2nd Largest Port in Mediterranean

Day: 07/02/2019 08:23

Fought ferociously by Greek unions, the Chinese company Cosco in the decade since it took over the port of Piraeus has remade it into the second-largest in the Mediterranean with ambitious plans to do more, as China seeks to increase investments in the country.

World Economy
World Economy
Russians, Feeling Poor and Protesting Garbage, Suffer Winter Blues

Day: 20/02/2019 08:35

Russia’s countryside and smaller cities have long been fertile ground for President Vladimir V. Putin and his message of restoring bygone greatness, but even here, there are limits.

Pakistan warns India against attack

Day: 19/02/2019 09:07

Pakistan PM Imran Khan says his country will retaliate if India takes military action against it in the aftermath of last week's suicide attack on Indian forces in Indian-administered Kashmir.

Graham vows probe after McCabe interview on Trump

Day: 18/02/2019 08:40

The chairman of the US Senate Judiciary Committee has vowed to investigate allegations that top FBI and justice department officials discussed ways to remove President Trump from office.

Trump to declare emergency over Mexico border wall

Day: 15/02/2019 08:23

US President Donald Trump is to invoke rare national emergency powers to secure funding for his planned border wall with Mexico, the White House said.

Paul Manafort: Trump ex-aide lied to prosecutors, judge rules

Day: 14/02/2019 08:07

Donald Trump's former election campaign chief Paul Manafort breached his plea deal with special counsel Robert Mueller by lying to prosecutors, a US judge says.

Venezuela crisis: Juan Guaidó vows to bring in aid

Day: 13/02/2019 08:26

Venezuelan opposition leader Juan Guaidó has vowed at a rally in the capital Caracas to ensure humanitarian aid blocked by President Nicolás Maduro is brought in to the country.

US border security deal reached to avert new shutdown

Day: 12/02/2019 10:18

Democrats and Republicans have reached an agreement in principle over border security to fund the US government and avert another partial shutdown.

US shutdown talks stall ahead of deadline

Day: 11/02/2019 08:29

Talks between congressional Republicans and Democrats aimed at averting another US government shutdown have broken down without agreement.

Jeff Bezos: Amazon boss accuses National Enquirer of blackmail

Day: 08/02/2019 07:41

The world's richest man, founder Jeff Bezos, has accused the owner of a US gossip magazine of trying to blackmail him over lewd pictures.

Long, strange trip: How U.S. ethanol reaches China tariff-free

Day: 07/02/2019 08:25

In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.