Cyprus

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Cyprus Orthodox Church backs Ukrainian church's independence

Cyprus' Orthodox Church says it supports the Ukrainian Orthodox Church's right to independence that was granted by the Ecumenical Patriarch of Constantinople last month, aiming to heal its divisions.
The Holy Synod also said Wednesday, however, that Patriarch Bartholomew should take into account the "sensitivities" of Russians whose roots in the faith are found in Ukraine.

Cyprus to EU: Speed up granting name protection for halloumi

Cyprus is urging the European Union to speed up the process granting full name protection to halloumi cheese, the east Mediterranean island nation's top culinary export.
Cyprus government spokesman Prodromos Prodromou told The Associated Press on Wednesday that authorities are pressing the European Commission to speed things up.

Successful bondissue for Cyprus

France and Cyprus took full advantage of a market supercharged by expectations of more monetary stimulus from the European Central Bank to print syndicated bonds on Tuesday.

France had garnered a maximum of 33.5 billion euros of demand for a 7-billion-euro 30-year bond sale, a lead manager told Reuters, before pricing the deal at seven basis points over its outstanding 2048 bonds.

Jeffrey Sachs to give lecture at Cyprus Institute

World-renowned professor of economics Jeffrey Sachs is in Cyprus to deliver the 2019 Hubert Curien Memorial Lecture at the Cyprus Institute. The lecture starts at 6.30 p.m. and live streaming will be available on the Cyprus Institute's YouTube channel. The title of the lecture is "Eudaimonia in the 21st Century: Looking to Aristotle for New Solutions."

ForMin Melescanu attends FAC meeting in Brussels that discusses political, security situation in Ukraine

Romania's Foreign Affairs Minister Teodor Melescanu attended a meeting of the Foreign Affairs Council (FAC) in Brussels on Monday that discussed current foreign policy affairs such as Ukraine, Syria, the Horn of Africa and Venezuela.

Cyprus to issue first ever 15-year bond

Cyprus is expected to issue its first ever 15-year government bond at a rate between 2.90 percent - 3.00 percent.

The Finance Ministry expects the Euro Medium Term Note (EMTN) to attract 1 billion euros.

Although the coupon rate is relatively high compared to other EU countries; the move shows a significant vote of confidence in the long term trajectory of the Cypriot economy

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