Cyprus

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.

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

Extensive Turkish exercise viewed as show of force

In what has been described as a show of force to Greece and Cyprus, Turkey's navy is preparing to hold its biggest ever exercises according to Turkey's state-run Anadolu news agency. 

The "Blue Homeland" exercise, with the participation of frigates, destroyers and fighter jets, will take place in the Black Sea, the Aegean and the Mediterranean between February 27 and March 8. 

Cypriot UK bases court jails man for people trafficking bid

A court within the British military bases in Cyprus has sentenced a Palestinian man to six months in prison after finding him guilty of trying to illegally bring two men into a base from the island's Turkish Cypriot breakaway north.

A bases statement said Thursday that Mohammed Aljaro was arrested as he tried to drive through a checkpoint last month.

ExxonMobil to reportedly announce large discovery in Cyprus' plot 10 next week

American energy giant ExxonMobil is expected to announce a discovery of a large gas reserve in plot 10 of Cyprus' Exclusive Economic Zone (EEZ) next week, according to Cyprus' Sigma Live news network.

The Cypriot station referred to a report by Italy's Agenzia Nova that cited a high-level Cypriot source at the the Egypt Petroleum Show (EGYPS) in Cairo which ended on Wednesday.

Stop the Brexit clock, Cyprus FinMin tells Bloomberg

"We should stop the clock on Brexit, take a pause, postpone the exit," Cyprus Finance Minister Haris Georgiades said Tuesday in an interview with Bloomberg in Brussels.

"'Considering where we are; we fully respect the Brexit decision but exiting without a deal, without an arrangement is unthinkable," Georgiades said.

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