Tag: Cyprus

• Wednesday, October 21st 2020 - 08:28 UTC

  EU begins legal action against Cyprus and Malta on “golden passport” schemes for wealthy investors

  

  Brussels on Tuesday launched legal action against Cyprus and Malta over their controversial “golden passport” schemes for wealthy investors, saying they were illegal and undermined EU citizenship.

• Friday, July 19th 2019 - 09:17 UTC

  Controversial UK defense contract will cost taxpayers an extra GBP 10 million

  

  Serco Group PLC said on Thursday it has settled with the UK Ministry of Defense after it initially took legal action against the government department for awarding a fire and rescue services contract to Capita PLC.

• Thursday, June 6th 2019 - 09:57 UTC

  Falklands' MPA catering and logistics service contract extended three years

  

  Sodexo has extended its contracts with the Ministry of Defense (MoD) to provide a range of support services to the UK’s Armed Forces in Cyprus and the Falkland Islands for a further three years.

• Tuesday, August 9th 2016 - 08:24 UTC

  Ban Ki-moon praises Argentina's commitment with the UN and cooperation with other countries

  

  United Nations Secretary General Ban Ki-moon applauded on Monday Argentina's commitment and strong partnership with the UN and its cooperation with other countries. Ban Ki-moon arrived in Buenos Aires from Paraguay and previously from Brazil where he was part of the inauguration of the Rio Olympic Games.

• Monday, October 19th 2015 - 21:10 UTC

  UK hands RAF Search & Rescue air operations to Maritime Agency and Bristow Helicopters

  

  More than 74 years of continuous Royal Air Force UK search and rescue (SAR) air operations drew to a close this month, as the Service handed over SAR duties to the Maritime & Coastguard Agency and Bristow Helicopters Ltd. SAR operated mostly in the UK, Falkland Islands and Cyprus.

• Thursday, April 4th 2013 - 16:59 UTC

  Gas starts flowing from Israel's Levant Basin, what now?

  

  By Jen Alic - The first gas has started flowing from Israel's super-giant Tamar gas-field in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.

• Monday, April 1st 2013 - 09:46 UTC

  Cyprus depositors over 100.000 Euros could lose 60% of their savings

  

  Bank of Cyprus depositors with more than 100.000 Euros could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say. The central bank says 37.5% of holdings over 100.000 Euros will become shares.

• Thursday, March 28th 2013 - 09:30 UTC

  All EU eyes on Cypriot banks which open Thursday with tough deposit controls

  

  Cyprus trucked out cash for its banks on Wednesday night to prepare them to reopen to a siege by anxious depositors, with tough controls imposed on the use of currency to avert a bank run as a result of its harsh rescue deal.

• Wednesday, March 20th 2013 - 08:00 UTC

  Germany warns Cyprus ‘banks might never reopen’ if terms of bailout are rejected

  

  Germany's finance minister has warned Cyprus that its crisis-stricken banks may never be able to reopen if it rejects the terms of a bailout. Wolfgang Schaeuble said major Cypriot banks were “insolvent if there are no emergency funds”.

• Tuesday, March 19th 2013 - 06:30 UTC

  Cyprus closes banks to give time for Parliament to vote on bail-out package

  

  Finance ministers from the Euro-zone have asked Cyprus to reduce the burden on small investors from a proposed levy on savings, linked to a bailout. Plans for a one-off tax of 6.75% on savings up to 100,000 Euros have outraged Cypriots.