Cyprus Business Now
Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named the Bank of Cyprus as the ‘Best Bank in Cyprus’ in its 2023 Awards for ...
EasyJet reports record Q3 results on back of summer travel demand
Britain’s easyJet (EZJ.L) posted a record pretax profit of 203 million pounds ($262.5 million) for its third quarter, above analysts’ forecasts, on the back of an ongoing rebound in summer ...
IBM misses second-quarter revenue estimates as tech spending cools
Enterprise software provider IBM’s (IBM.N) second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses ...
Demetriou says parliament will promote issue of missing persons
House Speaker Annita Demetriou on Thursday emphasised the urgency of addressing the fate of missing persons in Cyprus and called for pressure to be exerted on Turkey to allow access ...
Our View: Division seems to suit both sides in Cyprus
Another anniversary of the Turkish invasion was marked on Thursday – the 49th – with the traditional memorial service at the Makedonitissa military cemetery, church service for politicians, and the gathering at ...
EESC opens nominations for Civil Society Award
The European Economic and Social Committee (EESC) announced on Thursday that nominations are now open for its Civil Society Award.
The theme for this year’s award is “mental health”, ...
New York to pay $13 million to protesters arrested during George Floyd protests
The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was ...
Russia’s Putin approves departure of Arctic LNG 2’s first line to production site
Russian President Vladimir Putin approved Arctic LNG 2’s first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the ...
Kenyan anti tax hike protests subside as police clamp down
Protests in Kenyan cities against tax hikes and high living costs largely subsided on Thursday amid a heavy police presence, after several people were reported shot in clashes between security ...
Ten-year-old girl dies in swimming pool in Paphos
A ten-year-old-girl drowned on Thursday in a swimming pool at a private residence in the Coral Bay area of Paphos.
According to the police, at around 4pm they received a ...
Argentina turns away Gunvor-chartered LNG tanker, citing sanctions
A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered <GGL.UL> vessel off the coast of France ...
Macron reshuffles ministers after French riots “stunned” country
French President Emmanuel Macron on Thursday reshuffled his ministers for key domestic portfolios such as education, housing and urban affairs, as his government begins its response to riots that shook ...
Cyprus sends aircraft to assist Greece in firefighting efforts
Cyprus will send two aircraft to Greece to assist in firefighting efforts there, the government said on Thursday.
According to a statement by the government spokesman, President Nikos Christodoulides gave ...
Parole board’s decision to revoke inmate’s sentence outside prison upheld
The attorney-general’s office on Thursday welcomed as “very important” a recent judgement by the administrative court upholding the action by the parole board to revoke a prior decision of ...
Court refers three to trial for illegal possession of 96,000 Firecrackers
Paphos criminal court on Thursday referred three persons to trial on charges of illegal possession and transport of explosive devices – some 96,000 firecrackers.
The three defendants were referred to trial after ...
North’s electricity authority signs 15-year procurement contract with Turkish energy firm
The north’s electricity authority Kib-Tek and Turkish energy company Aksa signed a new 15-year procurement contract on Wednesday.
Aksa owns and operates the north’s Kalecik power plant, near ...
Energy minister announces rollout of PV hybrid system scheme
A scheme for the installation of PV hybrid systems for residential units will be rolled out likely in September, the energy minister said Thursday, explaining that anyone can apply for ...
New US sanctions target Russian access to battlefield supplies
The United States on Thursday imposed Russia-related sanctions against nearly 120 individuals and entities aimed at blocking Moscow’s access to electronics and other goods that aid its war against Ukraine, ...
Ukraine to nationalise Sense Bank from its Russian owners
Ukraine’s central bank said it will nationalise Russian-owned Sense Bank, one of the country’s top commercial banks, and put it under temporary administration on Friday.
The National Bank ...
Dali, Geri, and Tseri demand end to heavy industry
The municipalities of Dali, Geri, and Tseri have demanded an end to the “nuisance” heavy industry zones in the area.
Instead, they say, the zones should be transformed into “light ...
Geroskipou mayor to discuss prominent projects with president
The mayor of Geroskipou is slated to brief President Nikos Christodoulides on a slew of projects the municipality is promoting, including a medical centre and renovation works for the local ...
New and ongoing art exhibitions
Art exhibitions continue throughout the summer months, and although they are fewer in numbers this time of year, there are still plenty of opportunities to explore local artwork.
One new ...
Iraq expels Swedish ambassador over planned Koran burning
Iraq expelled the Swedish ambassador on Thursday in protest at a planned burning of the Koran in Stockholm that had prompted hundreds of protesters to storm and set alight the ...
Lower port fees extended amidst refurbishment project
Kition Ocean Holdings has announced on Thursday an extension of lower port fees for the upcoming quarter following a meeting with the local representative of the Pancypriot Seafarers Association, Andreas ...