Cyprus

Cyprus grants first natural gas exploitation license

November 7, 2019 admin 0

Cyprus on Thursday granted the first natural gas exploitation license to the consortium which owns the Aphrodite concession. Cypriot Energy Minister Giorgos Lakkotrypis said he handed the license to Keith Elliott, senior vice president of […]

Cyprus

Bank of Cyprus to reduce staff by 11 pct

November 1, 2019 admin 0

Bank of Cyprus will reduce its staff by 11 percent under a voluntary early retirement scheme, the Cypriot lender said in a statement on Thursday. The bank has already approved 470 applications by employees who […]

Cyprus

Cyprus to start repaying bailout loan: minister

October 30, 2019 admin 0

Cyprus will soon start repaying bailout loans with money borrowed under more favorable terms, Finance Minister Harris Georgiades said on Tuesday. Cyprus recently repaid two years early the remaining 1.8 billion euros — part of […]

Cyprus

2 dead after small plane crash in north Cyprus

October 30, 2019 admin 0

Two pilots have died after a light aircraft crashed in northern Cyprus, authorities confirmed Tuesday. According to local media, the ultra-light training plane, belonging to the Turkish Cypriot Federation of Air Sports, came down just […]