Guterres invites Tatar to New York meeting

Guterres invites Tatar to New York meeting

Fact: United Nations Secretary-General Antonio Guterres has invited Turkish Cypriot leader Ersin Tatar to meet him in New York on April 5. Tatar was unable to travel to Brussels for a meeting, so the New York meeting was scheduled instead. Tatar will inform Guterres that he does not accept a federal solution to the Cyprus problem.

Kedipes makes largest ever payment to the state

Kedipes makes largest ever payment to the state

The board of directors of state-owned asset management company Kedipes decided to make a cash payment of €140 million to the state for the first quarter of 2024. The payment is part of repaying state aid received by the former Cooperative Cyprus Bank. The total amount of cash repayment against state aid now stands at €1.3 billion, and Kedipes maintains a cash reserve of €60 million for financing the ‘Mortgage to Rent’ scheme.

Annual charity cancer march to kick off in Limassol

Annual charity cancer march to kick off in Limassol

The Christodoula charity march will be staged for the 49th consecutive year on April 7 in Limassol, starting from Molos’ open-air theatre at 10:30am.

UBS flags commercial real estate downturn as a top risk

UBS flags commercial real estate downturn as a top risk

UBS flagged the downturn in commercial real estate markets as one of the top and emerging risks facing the Swiss bank, with higher borrowing costs and a post-pandemic slump in demand for office space affecting the sector.