meeting

Attempts for compromise in the Habakkuk Monastery scandal

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Attempts for compromise in the Habakkuk Monastery scandal

Efforts have been made to reconcile the two sides in the Habakkuk Monastery scandal, but conditions are not yet conducive. The monks have sent messages to Metropolitan Isaiah of Tamasos to find a solution and withdraw mutual complaints to the police. The matter is now in the hands of the Holy Synod, and efforts are being made to find a compromise on the criminal issue. The final position of Metropolitan Isaiah will depend on the outcome of investigations into the origin of the €807,000.

‘Encouraging outcomes’ discussed in ENI meeting

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‘Encouraging outcomes’ discussed in ENI meeting

President Nikos Christodoulides met with Eni CEO Claudio Descalzi in Nicosia to discuss gas findings. The meeting reviewed the discoveries made in 2022 by Eni and TotalEnergies, leading to the drilling of the Cronos 2 appraisal well in late 2023. A production test in early 2024 showed excellent performances and increased volumes. The meeting also discussed a fast-track approach to drilling the appraisal well and outlined preferred solutions to meet energy priorities in the short and longer term. Eni has been present in Cyprus since 2013, operating in various blocks.

France shares more proposals with Israel over southern Lebanon

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France shares more proposals with Israel over southern Lebanon

French officials have proposed measures to ease tensions between Israel and Hezbollah, as the cross-border strikes between the two sides have been escalating over the past six months. The proposals aim to implement U.N. resolution 1701 and include Hezbollah pulling back 10km from the Israeli border and Israel halting strikes in southern Lebanon. France, with historical ties to Lebanon, is trying to work as an intermediary to prevent a wider regional conflict.

Eyes on Eurozone inflation and GDP

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Eyes on Eurozone inflation and GDP

The text discusses market updates including GDP data for the Euro area and Germany, US economic docket, US Dollar performance, US Treasury bond yield, Japan’s intervention in foreign exchange markets, EURUSD gains and losses, Retail Sales data from Germany, Private Sector Credit and Retail Sales data from Australia, PMI data from China, AUDUSD performance, GBPUSD performance, and Gold price movements.

Christodoulides , ‘tried to prevent’ case against auditor-general

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Christodoulides , ‘tried to prevent’ case against auditor-general

President Nikos Christodoulides attempted to prevent a case being filed for the removal of Auditor-General Odysseas Michaelides, but his efforts were unsuccessful. Odysseas Michaelides has until May 17 to object to the case brought to the Supreme Constitutional Court to have him removed from his role. Michaelides’ legal team will not contest that attorney-general George Savvides has no right to apply to have him relieved of his duty, but will make this case later during legal proceedings.

Euro gives up gains ahead of US, Eurozone data

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Euro gives up gains ahead of US, Eurozone data

The EURUSD pair is struggling to hold above the round-level resistance of 1.0700 in European trading as investors await key economic indicators in the Eurozone, including preliminary Q1 GDP and CPI data. ECB policymakers have differing opinions on interest rate cuts, with some expecting cuts to start in June and potentially continue at a pragmatic pace, while others are concerned about higher service inflation and are not convinced that inflation will return to target in a timely manner. In Monday’s session, investors focused on German preliminary inflation data for April.

Ioannou hails Cyprus, ’ migrant returns policy

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Ioannou hails Cyprus, ’ migrant returns policy

Interior Minister Constantinos Ioannou extolled the virtues of Cyprus’ migrant returns policy during an inter-ministerial meeting attended by the European Union’s 27 member states’ ministers responsible for asylum and migration in Ghent. Cyprus has seen a 66% increase in the number of irregular migrants returned to their countries of origin in 2023 compared to the previous year. Cyprus has the highest number of migrant returns per head of any EU member state. The EU pact on migration and asylum, set to be fully implemented in June 2026, includes provisions for managing surges in migrant flows and screening third country nationals entering the EU. Ioannou hopes for mandatory relocation of asylum seekers between member states.

Online public platform to monitor government

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Online public platform to monitor government

Next week undersecretary to the president Ireni Piki will announce an online platform called diakivernisi.org.cy where people can follow the government’s implementation of its action plan.

Sterling holds ground on weaker dollar, Fed,  rate decision looms

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Sterling holds ground on weaker dollar, Fed,  rate decision looms

The GBPUSD pair is holding positive ground near 1.2520 in early trading in Asia, supported by a softer US Dollar. The US Federal Reserve is expected to leave interest rates unchanged, with speculation that the first cut might not come until September. The Bank of England may start lowering borrowing costs in its June meeting, as Governor Andrew Bailey mentioned the possibility of two or three rate cuts this year.

Financial forecast by Innovate Change Casino: Navigating post-Malta gaming license shakeup

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Financial forecast by Innovate Change Casino: Navigating post-Malta gaming license shakeup

Fact: Innovate Change Casino and similar entities are facing increased operational costs due to the need to comply with enhanced regulatory standards, which include technology upgrades, compliance and legal advisory services, staff training, licensing and certification fees, and operational adjustments.