Daily Archives: September 2, 2020

Matsis leaves Hellenic Bank by ‘mutual agreement’

Hellenic Bank announced that CEO Ioannis Matsis has stepped down after three years in the job at the second largest Cyprus lender and that his employment agreement “has been mutually agreed to be terminated with immediate effect.”   The bank

US partially lifts Cyprus arms embargo

The United States will lift a 33-year arms embargo on Cyprus and deepen its security cooperation with Nicosia, U.S. Secretary of State Mike Pompeo said, prompting an angry response from Turkey.   Washington placed restrictions on the transfer of arms

President wants probe into passport scheme

Cyprus President Nicos Anastasiades said he will ask the Attorney-General to appoint an investigating committee to conduct a probe into the citizenship by investment programme following damning allegations.   In a written statement on Wednesday, Anastasiades expressed regret over the

US sees Cyprus as ‘key partner’ to counter ‘malign’ actors

The security relationship between the U.S. and Cyprus continues to grow and Washington sees Cyprus as a “key partner” in the eastern Mediterranean, the American ambassador said on Wednesday, following a partial lifting of a 33-year arms embargo.   Judith

Cyprus records hottest August ever

Last month, Cyprus witnessed the hottest August on record with the daily average temperature recorded in Nicosia reaching a blistering 39.5 degrees Celsius.   The second highest daily average for the month was recorded in August 2010 when average temperatures

EU focusing on East Med de-escalation

Every EU effort is focused on de-escalation and dialogue to avoid military conflict between Greece and Turkey in the Eastern Mediterranean over energy and maritime rights, said Commission spokesman Peter Stano.   Stano said there was no plan B because