Category Archives: Cyprus

Press Releases & News from Cyprus distributed via EuropaWire

Council of Europe Development Bank (CEB) held its 52nd annual Joint Meeting in Nicosia, Cyprus

PARIS, 19-Jun-2017 — /EuropaWire/ — The Council of Europe Development Bank (CEB) held its 52nd annual Joint Meeting in Nicosia on 16 June, at the invitation of the Cypriot government. The event brought together the members of the Bank’s Governing Board, … Read the full press release

Council of Europe Development Bank (CEB) welcomes Italy’s contribution to the Migrant and Refugee Fund (MRF)

NICOSIA, 19-Jun-2017 — /EuropaWire/ — The Council of Europe Development Bank (CEB) welcomes Italy’s contribution of € 3 million to the Migrant and Refugee Fund (MRF). This contribution brings the total amount committed to the MRF to almost € 24 million. … Read the full press release

Council of Europe Development Bank (CEB): EUR 29 million loan for social housing in Malta

NICOSIA, 19-Jun-2017 — /EuropaWire/ —  The Council of Europe Development Bank (CEB) approved a € 29 million loan to support social housing in Malta. The project will benefit socio-economically disadvantaged groups by providing them with access to affordable housing. As housing … Read the full press release

Eni acquires 50% participating interest of Block 11 Offshore Cyprus; Total remains the Operator of the Block

San Donato Milanese (MI), 10-Mar-2017 — /EuropaWire/ — Eni announces that has finalized a farm-in agreement with Total to acquire 50% Participating Interest of Block 11 Offshore Cyprus. The agreement, by which Total remains the Operator of the Block, has been … Read the full press release

Marlink, TNL Group form joint venture for the Greek and Cypriot markets

Joint Venture with TNL Group’s satellite connectivity business forms platform for ‘Marlink CG’, the new maritime satcom expert in Greece & Cyprus OSLO/PARIS, 24-Feb-2017 — /EuropaWire/ — Marlink has signed an agreement to enter into a joint venture with the satellite … Read the full press release

Piraeus Bank sold stake in its subsidiary Piraeus Bank Cyprus Ltd. to Holding M. Sehnaoui SAL

ATHENS, 29-Dec-2016 — /EuropaWire/ — Piraeus Bank (“Piraeus Bank” or the “Group”), after having received all required approvals from the regulatory authorities and the Hellenic Financial Stability Fund, announces the completion of the sale of a stake held in its subsidiary … Read the full press release

T-Systems and Huawei installed container-housed data center for container terminal operator EUROGATE

IT container supports harbor operations in Limassol Joint project with Huawei for terminal operator EUROGATE Data center remote-controlled from Hamburg HAMBURG / LIMASSOL, 07-Dec-2016 — /EuropaWire/ — The new technical hub of Limassol container port on Cyprus fits seamlessly into its … Read the full press release

EBRD to publish its latest Life in Transition Survey on 13 December

Report is a unique barometer of people’s hopes, fears and aspirations in over 30 countries LONDON, 06-Dec-2016 — /EuropaWire/ — On 13 December, the EBRD will publish its latest Life in Transition Survey (LiTS), a unique series of reports that lay … Read the full press release

Canadian Company Snaile Wins 2016 Postal Technology Award

TORONTO, ON, Canada, 07-Nov-2016 — /EuropaWire/ — Canadian company Snaile Inc. (pronounced “Snail.ee”, www.snaile.com). has won the prestigious Digital Innovation of the Year award – part of the 2016 Postal Technology International Awards. A judging panel of world postal services … Read the full press release

Orbex instaura una partnership con l’università italiana LUM Jean Monnet

LIMASSOL, 24-Aug-2016 — /EuropaWire/ — Orbex, un leader innovativo nel trading forex online, ha annunciato quest’oggi una partnership strategia con l’Università LUM Jean Monnet, un’università privata italiana, conosciuta in tutto il mondo e altamente stimata come centro di formazione economica. … Read the full press release

Orbex Recognized As A Leader In Responsible Customer Service

LIMASSOL, Cyprus, 06-Jul-2016 — /EuropaWire/ — Orbex, a leading global forex broker, is celebrating its 4th international award this year. Orbex has been recognized as the ‘Best Customer Support’ provider by one of the most authoritative industry’s websites – Forex … Read the full press release

Central Bank of Cyprus releases statistics on interest rates applied by monetary financial institutions in Cyprus

Nicosia, Cyprus, 6-11-2015 — /EuropaWire/ — The Statistics Department of the Central Bank of Cyprus releases today the statistics on interest rates applied by monetary financial institutions in Cyprus on deposits and loans in euro for the reference month of September … Read the full press release

EBRD acquires 5.4 per cent stake in Hellenic Bank Public Company Ltd for EUR 20m

€20 million for 5.4 per cent stake in Cypriot financial institution LONDON, 1-10-2015 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has entered into an agreement to acquire an equity stake in Hellenic Bank Public Company Ltd … Read the full press release

Saxo Bank to close its subsidiary in Cyprus Saxo Capital Markets CY Ltd. following the successful launch of SaxoTraderGO

Following the successful launch of SaxoTraderGO, Saxo’s new, intuitive, multi-asset trading platform, Saxo Capital Markets CY Ltd., a fully owned subsidiary of Saxo Bank, will cease its operations as a provider of retail MT4 solutions and its MT4 platform will … Read the full press release

EU Council: extra time given to member states to pay exceptionally high additional contributions to the EU budget

Brussels, 19-12-2014 — /EuropaWire/ — Member states that have to pay exceptionally high additional contributions to the EU budget as a result of the annual revision of their VAT and GNI data may request to defer their contributions until 1 September of … Read the full press release

Swiss National Bank announced the fourth gold agreement between central banks in Europe

Zurich, 19-5-2014 — /EuropaWire/ — The Swiss National Bank (SNB), the European Central Bank (ECB), the central banks of the euro area (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain) … Read the full press release

Austria, Cyprus, Germany, Denmark and Poland exceeded their milk quotas for deliveries in 2012/2013

Brussels, Belgium, 01-10-2013 — /EuropaWire/ — Five Member States – Austria, Germany, Denmark, Poland and Cyprus, – exceeded their milk quotas for deliveries in 2012/2013, and must therefore pay penalties (“superlevy”) totalling roughly € 46 million. Despite the overrun of the quotas … Read the full press release

EC launched new project to help preserve Cyprus’s cultural heritage

04-9-2013 — /EuropaWire/ — The European Commission has launched a new project to strengthen the efforts already in place to preserve the island-wide cultural heritage in Cyprus. The EU contribution will amount to €2 million and will support the work of the … Read the full press release

European Investment Bank to provide EUR 100m for key investments in Cyprus

Nicosia, 31-5-2013 — /europawire.eu/ — The European Investment Bank (EIB) is to provide EUR 100 million for key investments in Cyprus. The loan will be used to part-finance investments totalling EUR 1 177 million in areas identified under the National Strategic Reference Framework … Read the full press release

EC moves to help crisis-hit countries getting the most from EU Funds for growth and jobs

Brussels, 22-5-2013 — /europawire.eu/ —  Measures to help crisis-hit countries to use much needed EU funds have been proposed today by the European Commission. The measures would help these Member States to tackle youth unemployment, to support small and medium sized … Read the full press release

Cyprus bailout debate with Olli Rehn & Jorg Asmussen

MEPs dissect Cyprus bailout with Messrs Rehn and Asmussen 13-5-2013 — /europawire.eu/ — The confusion and delay that surrounded decisions on the Cyprus assistance plan were not only due to Cypriot intransigence. Rather, they reveal a need to radically rethink Eurogroup … Read the full press release

ECB: Marketable debt instruments issued or fully guaranteed by Cypriot government again eligible collateral for the purposes of Eurosystem credit operations

Frankfurt am Main, 8-5-2013 — /europawire.eu/ — Marketable debt instruments issued or fully guaranteed by the Republic of Cyprus and fulfilling all other eligibility criteria shall again constitute eligible collateral for the purposes of Eurosystem credit operations, subject to special haircuts. … Read the full press release

EUR 100m EIB loan for key investments in Cyprus

2-5-2013 — /europawire.eu/ — The European Investment Bank approved today a loan of up to EUR 100 million for key investments in Cyprus. The loan will be used for investments in priority areas identified in the National Strategic Reference Framework, which … Read the full press release

Induction programmes for new teachers in the EU are now mandatory in 15 EU Member States

Brussels, 29-4-2013 — /europawire.eu/ — Induction programmes designed to offer personalised support and advice for new teachers are now mandatory in 15 EU Member States (Austria, Cyprus, Estonia, France, Germany, Ireland, Italy, Luxembourg, Malta, Portugal, Romania, Slovakia, Slovenia, Sweden and the UK) … Read the full press release

Olli REHN: Statement on Cyprus in the European Parliament

Olli REHN – Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro European Parliament Strasbourg, 18-4-2013 — /europawire.eu/ — President, Honourable Members, As President Barroso is attending the funeral of Baroness Thatcher … Read the full press release

The Central Bank of Cyprus makes arrangements to improve the repayment ability of loans

17-4-2013 — /europawire.eu/ — The Central Bank of Cyprus (CBC) announces that in order to assist those borrowers who are facing problems in servicing their debt, as a result of the adverse conditions created by the Eurogroup’s decision of 25 … Read the full press release

Independent third party evaluation of the implementation of Cyprus’ Anti Money Laundering framework

17-4-2013 — /europawire.eu/ — As agreed with the International Monetary Fund, the European Commission, and the European Central Bank (“the programme partners”) and following the Eurogroup decisions taken in March 2013, Cyprus has commissioned, on the basis of agreed terms of … Read the full press release

Clarification by the Central Bank of Cyprus (CBC) in response to media reports with regard to a paper by the European Central Bank (ECB)

Paper on the framework for resolution of credit and other institutions 16-4-2013 — /europawire.eu/ — In response to media reports with regard to a paper by the European Central Bank (ECB), in relation to the recovery and resolution of banks, the … Read the full press release

President Barroso replies to the letter he received from President of Cyprus, Nicos Anastasiades, regarding EU funding for Cyprus

Brussels, 16-4-2013 — /europawire.eu/ — Letter from Commission President Barroso to President Anastasiades of Cyprus. “Dear President, Thank you for your letter of 9 April asking for the Commission’s support in finding ways of helping Cyprus at this difficult time of economic … Read the full press release

Statement on Cyprus by Olli Rehn & Christine Lagarde

Brussels, 4-4-2013 — /europawire.eu/ — Statement on Cyprus by Olli Rehn European Commission Vice-President and Christine Lagarde, Managing Director of the International Monetary Fund The Cypriot authorities have put forward a multi-annual reform programme to address the economic challenges facing … Read the full press release