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Troubled Bank of Cyprus, the island's largest lender, said Wednesday it made 50 million euros net profit in the second quarter, its second successive quarterly gain after seven straight losses.
Hundreds of Cypriots have staged a protest outside the presidential palace against proposed legislation aimed at helping the bailed-out country's beleaguered banks collect on bad loans.
A heat wave which has gripped Cyprus since last weekend is expected to start easing as from Thursday, High temperatures - at times at 40 degrees which is 5 degrees C above average for the period - combined with humidity and lack of wind had made for a very difficult past few days.
"Greek Cypriot negotiator Andreas Mavroyiannis and Turkish Cypriot Negotiator Kudret Ozersay met today in the United Nations Protected Area," said the spokesperson for the Secretary General's Good Offices Mission in Cyprus.
The Communications Ministry on Monday dismissed recent press reports on delays involving flights from Cyprus, noting efforts to reduce late flights introduced earlier this year had proved successful.
Cooks Global Foods is continuing its sweeping global expansion, announcing this morning it had signed a master franchise deal in Northern Cyprus.
IrelandA's budget carrier Ryanair on Friday submitted a plan to turn for-sale Cyprus Airways into a profitable operation by increasing passenger traffic by 500 percent over three years, officials said.
This year's 2014 Cyprus Rally will make history after it was confirmed by the FIA that the island will host both the ninth round of the European Rally Championship and Middle-East Rally Championship's fifth round.
Rice University organic chemist K.C. Nicolaou has earned three prestigious international honors, including the Nemitsas Prize, the highest honor a Cypriot scientist can receive and one of the most prestigious scientific awards in the European Union.
The Cyprus government will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2, 3 and 9, some time later this year, Energy Minister Yiorgos Lakkotrypis said.
The Cypriot government confirmed on Wednesday that it has consented to former Norwegian Foreign Minister Espen Barth Eide being appointed special adviser to UN Secretary-General Ban Ki-moon on the Cyprus issue.
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Updated: Thu Aug 28, 2014 09:16 am
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