Europe News Cyprus

  • *Turkey condemns move, says will review cooperation with EU. LUXEMBOURG, Oct 14- European Union agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, prompting condemnation from Ankara, even as they stopped short of a bloc-wide embargo against a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on...

  • *EU sold 45 mln euros in arms, ammunition to Turkey in 2018. LUXEMBOURG, Oct 14- European Union governments agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, stopping short of a bloc-wide embargo on a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on selling weapons and ammunition to Ankara after a...

  • BRUSSELS, Oct 11- European Union taxpayers held assets worth at least $1.6 trillion offshore in 2016, equal to nearly 10% of the bloc's output, the European Commission said on Friday, estimating tax revenue losses at around $50 billion a year. In a report, the Commission said taxpayers in the Mediterranean islands of Cyprus and Malta, which both belong to the euro...

  • ISTANBUL, Oct 3- Turkey is sending an oil and gas drilling ship to waters off southern Cyprus where Greek Cypriot authorities have already awarded exploration rights to Italian and French companies, according to Turkish statements on Thursday. The move marks the first time Turkey and Cyprus, which have competing claims in the eastern Mediterranean, will be...

  • Sept 25- The collapse of British travel operator Thomas Cook left hundreds of thousands of holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home. Thomas Cook's German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and it said it...

  • *UK plans to fly 135,300 people back, 16,500 people today. LONDON/ NEW YORK, Sept 24- Prime Minister Boris Johnson and unions questioned the part played by Thomas Cook's richly rewarded bosses in the company's demise on Tuesday, and asked why the state had to foot the bill for bringing tens of thousands of tourists home. It will need the help of governments and...

  • Emergency flights had brought 14,700 people back to the United Kingdom on 64 flights on Monday, and around 135,300 more were expected to be returned over the next 13 days, Britain's aviation regulator said. The German government will decide within the next coming days on whether to offer financial support to Condor, German Economy Minister Peter Altmaier said...

  • *British state decided not to bail out Thomas Cook. NEW YORK/ LONDON, Sept 24- After the collapse of Thomas Cook left tens of thousands of Britons reliant on the government to bring them home, Prime Minister Boris Johnson questioned whether the travel firm's bosses should have paid themselves so much ahead of its demise. Running hotels, resorts and airlines for 19...

  • Thomas Cook arrivals to the island on a yearly basis topped 250,000 people, representing up to 6% of all arrivals. Cypriot hotels stood to lose an estimated 50 million euros owed by Thomas Cook, Perdios said. The British High Commission said it would have teams at the island's two airports to facilitate Thomas Cook customers returning to the UK.

  • LONDON, Sept 6- Russia's Rosatom has won a license to start building the second of four planned nuclear reactors in Turkey and is preparing to install the first steel equipment on the first unit this autumn, Deputy CEO Kirill Komarov said on Friday. The $20 billion project to build four Russian-design reactors in Akkuyu on the Mediterranean is one of the largest...

  • BEIRUT, Sept 3- The Iranian oil tanker Adrian Darya 1 at the centre of a dispute between Tehran and Western powers appears to have turned off its transponder in the Mediterranean west of Syria, Refinitiv ship-tracking data showed on Tuesday. The vessel, formerly named Grace 1, was detained by British Royal Marine commandos off Gibraltar on July 4 as it was...

  • ATHENS, Sept 2- Cyprus has fully repaid a loan it secured from Russia in 2011, its finance minister said on Monday, a debt assumed by the island's former communist-led administration to keep it afloat at the peak of a financing crisis. Cyprus had negotiated a 2.5 billion euro loan from Moscow in 2011 as the island started feeling the effects of a financial downturn...

  • *Ankara says not Turkey- bound; Beirut says no information. OSLO/ ISTANBUL, Aug 30- Turkey said on Friday that an Iranian oil tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon's waters after changing course several times, although Beirut said it was not informed of the plan. When the ship was released off Gibraltar in...

  • OSLO/ BEIRUT, Aug 30- Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several times, although Beirut said it was not informed of the plan. According to Refinitiv tracking data, the Adrian Darya, formerly called Grace 1, made a U-turn on Friday and headed for...

  • ATHENS, Aug 30- An Iranian tanker at the centre of a confrontation between Washington and Tehran changed course again on Friday and was heading back to Turkey, shipping data showed. Iskenderun is roughly 200 km north of the Baniyas refinery in Syria- the suspected original destination of the tanker. Carrying 2 million barrels of oil, the Adrian Darya was released...

  • *Total blocks Shell deal in S. Africa to award it to Qatar. LONDON, Aug 29- When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset's main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum. Liquefying the gas allows its transportation to...

  • *United States warns Greece about helping Iranian tanker. *Greece says received no docking request from tanker. ATHENS, Aug 20- Greece said on Tuesday it had not had a request for an oil tanker at the centre of a row between Iran and the United States to dock at one of its ports, as Washington warned Greece against helping the vessel.

  • ATHENS, Aug 20- Greece said on Tuesday it had not had a request for an oil tanker at the centre of a row between Iran and the U.S. to dock at one of its ports, as Washington warned Greece against helping the vessel. The Merchant Marine Ministry is monitoring the matter along with Greece's Foreign Ministry, "a shipping ministry spokesman said. The ship was released from...

  • *New Zealand, India, Thailand, Philippines cut rates this week. SYDNEY, Aug 9- Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom. "A higher exchange rate would be hurting many, many sectors across our economy," Reserve...

  • ATHENS, Aug 7- Greece, Israel, Cyprus and the United States agreed to enhance cooperation in energy, cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said on Wednesday after ministers of the four countries met in Athens. Regional tripartite meetings between Israel and Cyprus, which have made discoveries, and Greece, keen to be a hub, have...