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Date: 13.11.2018
Cyprus Economy
Cyprus Economy
Moody’s: CBC directive on shell companies improves anti-money-laundering practices

Day: 12/11/2018 09:26

Moody’s rating agency says that Cyprus Central Bank’s (CBC) new directive on shell companies is credit positive for Cypriot banks, because the specific definitions of shell companies will help eliminate suspicious transactions and further strengthen banks’ anti-money-laundering (...

Spehar welcomes opening of crossing points

Day: 12/11/2018 14:22

Τhe UN Secretary General`s Special Representative in Cyprus and Head of Mission, Elizabeth Spehar, has welcomed the opening of two new crossing points in Cyprus, noting that "these crossing points will play an important role in helping to increase people to people contacts, contributing to...

Communications Minister to pay official visit to Israel

Day: 12/11/2018 14:23

Minister of Transport, Communications and Works, Vasiliki Anastasiadou, departs for Israel on Monday for an official visit.A statement from the Press and Information Office says that the Minister in Israel will address a Cyber ​​Security Conference and will then have contacts with her counterparts...

Building permits significantly increase

Day: 09/11/2018 14:49

Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data released by the Statistical Service of Cyprus.During the period January – August 2018, 4,114 building permits were...

FM optimistic on agreement for resumption of Cyprus talks

Day: 09/11/2018 10:16

Cyprus FM Nikos Christodoulides has said he is optimistic that soon there will be an agreement on the terms of reference that will pave the way for the resumption of the UN-backed talks for the reunification of the island.Christodoulides met Thursday at the UN Headquarters with the US Permanent...

Trade deficit decreases by €314 million in January - August 2018

Day: 09/11/2018 14:51

Trade deficit in the period January - August 2018 decreased by €314 million compared to the corresponding period of 2017.According to a publication by the Statistical Service of Cyprus trade deficit was €2,649.8 mn in January-August 2018 compared to €2,963.8 mn in the corresponding...

European Commission: Strong growth momentum continues in Cyprus

Day: 08/11/2018 11:50

The European Commission forecasts the maintaining the dynamics of robust economic activity in Cyprus, with growth rates reaching 3.9% in 2018, 3.5% in 2019 and 2.9% in 2020, in its autumn economic forecasts that it made public in Brussels today.According to the forecast package presented by...

Non-performing facilities down by €24 million in July 2018

Day: 08/11/2018 11:53

Banks’ Non-performing facilities (NPFs) decreased by €24 million in July 2018 to €16.61 billion from €16.63 billion in the previous month, according to figures released on Wednesday by the Central Bank of Cyprus.The percentage of facilities classified as non-performing stood at...

Energy Minister held meetings with big energy firms in London

Day: 08/11/2018 11:54

The Minister for Energy Yiorgos Lakkotrypis has held meetings in London with international energy firms that are involved in gas production at the Republic of Cyprus’ Exclusive Economic Zone, the Cyprus News Agency understands. Lakkotrypis has been in the UK capital since the beginning...

Anastasiades: Decentralised powers create feeling of security for T/C

Day: 07/11/2018 14:07

President of the Republic Nicos Anastasiades explained on Tuesday that decentralized powers in a Cyprus settlement create a feeling of security for Turkish Cypriots, put an end to Turkey’s excuses to maintain guarantor and intervention rights and addresses the concerns of Greek Cypriots for...

European Economy
European Economy
UBS accused of causing billions in investor losses

Day: 09/11/2018 08:06

The US justice department filed a lawsuit against UBS on Thursday, accusing the Swiss bank of causing investors to lose “many billions of dollars” on residential mortgage-backed securities that it issued in the run-up to the financial crisis.

EPP elects its lead candidate ahead of European elections

Day: 08/11/2018 08:47

The European People’s Party (EPP) will elect today, during its Congress taking place in Helsinki, its candidate for the European Commission presidency. Two men are in the running: the leader of the EPP in the European Parliament since 2014, Manfred Weber, and the Vice President of the...

Immigration, Brexit and its consequences, top issues that concern EU states

Day: 08/11/2018 08:46

Immigration, Brexit and its consequences are the top issues that concern EU member states in their discussions on EU level.Cyprus, which has the highest number of first-time asylum applicants relative to its population, is particularly concerned with the issue but so far EU countries have...

Next year's EP elections, crucial for Europe’s future, EU institutions say

Day: 08/11/2018 08:46

The 2019 European Parliament elections to take place 23-26 of May 2019 are probably the most crucial ones in the history of the EU.The main concern of the EU institutions is Euroscepticism, the rise of political forces that are openly opposed to the European idea but also the misinformation and...

Europe, the largest donor of humanitarian aid, Commissioner Stylianides says

Day: 08/11/2018 08:51

Europe is the world’s  largest donor of humanitarian aid, offering relief assistance to millions of people in need around the world as a result of conflicts or natural disasters.EU Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides has said that European...

Only Juncker expresses the Commission’s positions on Turkey, says Chief Spokesman Schinas

Day: 08/11/2018 08:50

President Juncker is the only one expressing the official position of the Commission, European Commission Chief Spokesman Margaritis Schinas stressed yesterday during the Commission midday briefingThe Chief Spokesman was invited to comment on statements made by Commissioner Hahns in "Die Welt...

I prefer to keep Orban in EPP and talk with him, Daul says

Day: 08/11/2018 08:49

In every family there is one "enfant terrible" and as a Christian Democrat I prefer to keep it in family and to talk to that child, President of the European People’s Party (EPP), Joseph Daul, said on Wednesday, asked during the EPP Congress opening press conference in Helsinki,...

German industrial orders rise on strong domestic, euro zone demand

Day: 06/11/2018 08:24

German industrial orders rose unexpectedly in September driven by higher demand from domestic and other euro zone clients, data showed on Tuesday, suggesting that Europe’s largest economy ended the third quarter on a solid footing.

France hopes for headway with Germany by December on EU digital tax - Le Maire

Day: 05/11/2018 08:44

France and Germany should be able to resolve their differences over plans for an EU tax on digital giants like Apple (AAPL.O) and Facebook (FB.O) by December, French Finance Minister Bruno Le Maire said on Monday.

Ten EU countries call for clear debt-restructuring option in EU rules

Day: 02/11/2018 13:46

Ten European Union finance ministers want any unsustainable public debt in the euro zone to undergo restructuring, with losses imposed on the private sector, before a public bailout is organized, a joint position paper by the 10 ministers said.

Greek Economy
Greek Economy
After New Name Deal, Greece Reconnects to FYROM by Air

Day: 05/11/2018 08:42

While a deal with Greece to rename the Former Yugoslav Republic of Macedonia (FYROM) is still up in the air, the countries will reconnect by air after a 12-year break with the resumption of flights between Athens and Skopje.
The roughly one-hour route connecting the two capitals will be operated by...

Think Tank Sees More Investors for Greece, 2.4% Growth

Day: 02/11/2018 13:44

While elements in the ruling Radical Left SYRIZA party are trying to block foreign investors that Prime Minister Alexis Tsipras wants, the Foundation for Economic and Industrial Research (IOBE) said it expects enough will still come to pump the growth rate to 2.4 percent this year, from an earlier...

New Democracy Asks Probe of Kammenos Claims Soros Paid Ministers

Day: 31/10/2018 09:09

The major rival New Democracy has asked Supreme Court prosecutor Xeni Dimitriou to investigate claims Defense Minister Panos Kammenos said Hungarian-American billionaire financier George Soros is financially backing some ministers that weren’t named.

After Aegean Warnings, Greece Says Turkey Violating International Law

Day: 30/10/2018 09:14

Turkish threats that Greece’s plans to extend territorial waters in the Ionian from 6 to 12 kilometers could be a cause of war drew a sharp rebuke from Athens that Turkey was a “violator” of international law as relations began to worsen again.

After Aegean Warnings, Greece Says Turkey Violating International Law

Day: 29/10/2018 08:21

Turkish threats that Greece’s plans to extend territorial waters in the Ionian from 6 to 12 kilometers could be a cause of war drew a sharp rebuke from Athens that Turkey was a “violator” of international law as relations began to worsen again.

New Democracy Demands Release of Kotzias Resignation Letter

Day: 26/10/2018 07:25

The major opposition New Democracy said Prime Minister and Radical Left SYRIZA leader Alexis Tsipras must release the nine-page resignation letter of former Foreign Minister Nikos Kotzias who quit when the Premier backed Defense Minister Panos Kammenos over him in a dispute over the deal to rename...

Mitsotakis Says He’ll End Greek University Asylum Protection

Day: 25/10/2018 07:19

With a number of Greek university officials saying their campuses are overrun with drug dealers and criminals, New Democracy leader Kyriakos Mitsotakis said he’d scrap an asylum law that prevents police in most cases from going to the school grounds to chase suspects.

Greek Ex-Defense Chief Papantoniou Denies Money Laundering, Corruption

Day: 24/10/2018 07:25

Former Greek defense minister Yiannos Papantoniou denied charges of money laundering during a lengthy deposition before a corruption prosecutor during which the state charged he had cost 400 million euros ($458.37 million) in damages in 2003 over a Greek Navy frigate armaments program.

More Greek Pension Cuts Won’t Happen

Day: 23/10/2018 07:23

Prime Minister and Radical Left SYRIZA leader Alexis Tsipras’ hopes of stopping Jan. 1, 2019 additional pensions to which he had agreed are growing after the European Commission and majority of European Union governments said they are willing to show leniency.

Greek Prosecutor Probing Foreign Ministry Slush Fund Leak

Day: 22/10/2018 07:22

While Defense Minister Panos Kammenos had said there was mismanagement of a previously unknown secret fund in the Foreign Ministry, an Athens prosecutor is instead investigating who leaked similar information to the press, but not Kammenos.

World Economy
World Economy
U.S. accuses China of violating bilateral anti-hacking deal

Day: 09/11/2018 08:15

China has been violating an agreement with the United States aimed at stopping cyber espionage through the hacking of government and corporate data, a senior U.S. intelligence official said on Thursday.

Trump pushes out Sessions in midterms aftermath

Day: 08/11/2018 08:43

Donald Trump has forced out his attorney-general just a day after the midterm elections in a move that placed a question mark over the justice department’s investigation into possible links between Russia and his 2016 presidential campaign.

Donald Trump in last-ditch campaign push to retain Senate majority

Day: 06/11/2018 08:21

Georgia on Sunday © Reuters Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Save to myFT Demetri Sevastopulo and Courtney Weaver in Washington and Kiran Stacey in Richmond,

Iran sanctions: Rouhani defiant as US re-imposes measures

Day: 05/11/2018 08:43

Iran's President Hassan Rouhani has vowed to "break" swingeing sanctions re-imposed by the US targeting core parts of the economy.

Khashoggi murder: Body 'dissolved in acid'

Day: 02/11/2018 13:45

A top Turkish official, presidential adviser Yasin Aktay, has said he believes Jamal Khashoggi's body was dissolved in acid after being cut up.

Google staff walk out over women's treatment

Day: 01/11/2018 08:16

Staff at Google offices around the world are staging an unprecedented series of walkouts in protest at the company's treatment of women.

Asia Bibi: Pakistan acquits Christian woman on death row

Day: 31/10/2018 09:11

A Pakistani court has overturned the death sentence of a Christian woman convicted of blasphemy, a case that has polarised the nation.

Lion Air crash: Sonar and drones used in Indonesian search

Day: 30/10/2018 09:08

Drones and sonar technology have been deployed in Indonesia to search for a Lion Air passenger plane which crashed into the sea on Monday.

Lion Air crash: Boeing 737 plane crashes in sea off Jakarta

Day: 29/10/2018 08:22

A Lion Air Boeing 737 passenger plane with 188 people on board has crashed into the sea shortly after taking off from the Indonesian capital, Jakarta.

Mail bombs: FBI investigators check Florida leads

Day: 26/10/2018 07:30

The FBI has searched a mail facility near Miami, as investigators try to find who is behind a series of suspected explosive packages.