News

It was announced in March 2019, that the Japanese tech giant, SoftBank is set to enter the non-performing loans (NPLs) market in the Republic of Cyprus, that of Altamira Asset Management Cyprus Limited, through the Italian Group, doBank (https://in-cyprus.com/government-to-get-new-partner-in-altamira/). Softbank (https://group.softbank/en/), recently acquired doBank (https://www.dobank.com/en), which...

On Tuesday, 18th June 2019, the government announced that, after a Cabinet meeting, the Council of Ministers approved the Cyprus’ roadmap for blockchain technologies (https://www.financialmirror.com/news-details.php?nid=37130). The structure of the national strategy will be separated into three levels, the first being policy governance, and the second being technology...

The new elections in Greece, is scheduled to be on the 7th July 2019, after Greek President, Mr. Prokopis Pavlopoulos, approved the Prime Minister’s, Mr. Alexis Tsipras's, call for a snap election (https://www.aljazeera.com/news/europe/2019/06/greek-president-approves-tsipras-call-july-7-snap-election-190610163019229.html). According to the polls, as the campaign kicked off on Tuesday, 11th June 2019, “Syriza”,...

The 1st June 2019, is a historic day for Cyprus, as it introduced the first phase of its new-found national General Health System (GHS), run by the Health Insurance Organisation (HIO) (https://www.gesy.org.cy/sites/Sites?d=Desktop&locale=en_US&lookuphost=/en-us/&lookuppage=home-en). The significance of the health system cannot be refuted, since Cypriot citizens cease to be...

On Wednesday, 22nd May 2019, a historic framework agreement was signed in Cairo, in Egypt, for the construction and commissioning of the EuroAfrica Interconnector which will tie the electricity networks of Egypt and Cyprus (https://www.stockwatch.com.cy/en/article/diethni-energeia/agreement-signed-egypt-europe-electricity-interconnector-cyprus). The EuroAfrica Interconnector will link the Greek, Cypriot, and Egypt power grids...

 On Monday, 6th May 2019, “The Cyprus Headquartering and Funds Summit” was held in Tel Aviv, where Cyprus’ advantages for investment fund professionals as well as businesses wishing to relocate their international or regional headquarters to Cyprus, were presented (http://www.goldnews.com.cy/en/companies/invest-cyprus-promotes-cyprus-in-tel-aviv). The Cyprus Investment Promotion Agency (Invest Cyprus)...

This week, there have been major developments, in connection to the Cyprus Energy Programme and significant clarifications upon the next steps to be taken, regarding the gas deposits, with the arrival of Total-Eni, Noble and ExxonMobil in Cyprus (http://www.philenews.com/eidiseis/politiki/article/688175/total-eni-noble-exxonmobil-irthan-oloi-ga-schediasmoys134). High-level representatives of Total-Eni, the “Aphrodite consortium”...

On the 11th April 2019, the Cyprus Foreign Minister, Mr. Nicos Christodoulides and the Cyprus Energy Minister, Mr. Yiorgos Lakkotrypis, met with the Lebanese Foreign Minister, Mr. Gebran Bassil and the Lebanese Energy Minister, Mr. Nada Boustani, in Lebanon, to begin negotiations regarding the delineation agreement of...