Archive for May, 2016

Co-ops in Cyprus post net profits amounting to 28 million in Q1 2016

Cyprus Cooperative Central Bank announced today profits amounting to €28 million for the quarter ending on March 31, mainly due to operational earnings that in Q1 amounted to €42 million.

Compared with the Q1 of 2015, net profits recorded a …

Cyprus can become a global funds industry centre

Cyprus already has the basic ingredients that will allow it to become a competitive and credible centre for the global Funds Industry, Minister of Finance Harris Georgiades told the International Fund Summit that took place in the southern coastal town …

Iraqi army storms to edge of Islamic State-held Falluja; fresh bombings hit Baghdad

SOUTHERN OUTSKIRTS OF FALLUJA, Iraq (Reuters) – The Iraqi army stormed to the southern edge of Falluja under U.S. air support on Monday and captured a police station inside the city limits, launching a direct assault to retake one of …

AKEL leader Andros Kyprianou enters race for Parliament President in Cyprus

The plenary of the C.C. of AKEL, which convened today 30th May 2016, discussed and took decisions on the following issues:
1) With regards the election results of the 22nd May parliamentary elections, the C.C. of AKEL conveys its warm …

One third of Cypriots estimated to be smokers, Health Minister says

Addressing a press conference to launch an island-wide anti-smoking campaign, Pamborides noted that “smoking constitutes a primary risk factor in Cyprus since we have one of the highest percentages of smokers in Europe, estimated to be 31% of the population.”…

Paul Economides wins at Goodison Park

Saved the best till last! Paul Economides the final fight of the night at Goodison Park and a well earned points victory!

Paul Economides tasted victory on the undercard of Tony Bellew’s WBC cruiserweight title win at Goodison Park on …

Marcos Baghdatis, to compete in Hall of Fame Tennis Championships

When the ATP World Tour comes to Newport, R.I. in July for the first stop of the summer season in the United States, the player field will feature a Grand Slam tournament finalist, several players ranked among the world top-50, …

The remains of fifteen Greeks of NORATLAS aircraft have been identified in Cyprus

Presidential Commissioner for Humanitarian Issues and Overseas Cypriots Photis Photiou has said that the remains of 15 Greeks of NORATLAS aircraft, buried in the UN-controlled buffer zone near the now defunct Nicosia Airport, have been identified.

He added that the …

First phase of exercise ‘Argonaut 2016’ takes place at old Larnaca airport

The first phase of the multinational civil-military exercise “Argonaut 2016” took place on Monday at the premises of the old Larnaca airport.

The exercise is divided in three phases and takes place at the territorial, maritime and aerial area of …

54% of Cypriots live in cities, of whom 69.2% are employed and 25.1 face poverty, Eurostat says

About 280 thousand Cypriots dwell in cities, 113 in towns and suburban areas and 124 thousand in the rural areas of the country, accounting for 54%, 22% and 24% respectively, according to a Eurostat data release, on the occasion of …