CYPRUS AIRPORT TRAFFIC DECLINE NARROWS IN JUNE

CYPRUS AIRPORT TRAFFIC DECLINE NARROWS IN JUNE - Cy Mail 9/7 by Souzana Psara



Passenger traffic at Cyprus’ two airports fell by 4.11 per cent in June, a smaller decline than the sharper losses recorded earlier in the year, according to Hermes Airports.

A total of 1.38 million passengers travelled through Larnaca and Paphos airports in June 2026, compared with 1.44 million in the same month last year.

COST OF INFRASTRUCTURE THE DOMINANT LNG FACTOR

COST OF INFRASTRUCTURE THE DOMINANT LNG FACTOR - Cy Mail 9/7 by Dr Charles Ellinas [this is part 3 of the series]


For many years, the public debate has assumed that replacing oil with natural gas would automatically produce substantially lower electricity prices. That assumption was reasonable when the Vasilikos LNG import project was expected to cost around €300 million.

It becomes far less certain when the investment required to deliver gas has increased several-fold.

EU LEADERS CALL ON ERDOGAN TO 'SEIZE RENEWED MOMENTUM' ON CYPRUS PROBLEM

European Council President Antonio Costa and European Commission President Ursula von der Leyen, and Turkish President Recep Tayyip Erdogan

EU LEADERS CALL ON ERDOGAN TO 'SEIZE RENEWED MOMENTUM' ON CYPRUS PROBLEM - Cy Mail 9/7 by Tom Cleaver


European Council President Antonio Costa and European Commission President Ursula von der Leyen on Thursday called on Turkish President Recep Tayyip Erdogan to “seize the renewed momentum” to bring about a solution to the Cyprus problem, after the trio met on the sidelines of Wednesday’s Nato summit in Ankara.

Both European leaders published identical social media posts following the meeting, declaring that the European Union and Turkey are “strategic partners”, and that they are “committed to strengthening our relationship”.

BRITISH BASES ''LIED TO US'' ABOUT LISTENING ANTENNAE, MAYOR SAYS

BRITISH BASES ''LIED TO US'' ABOUT LISTENING ANTENNAE, MAYOR SAYS - Cy Mail 9/7 by Tom Cleaver


Kourion mayor Pantelis Georgiou on Thursday accused the British bases’ administration of “lying” to his municipality over the placement of communications antennae in the Akrotiri base area.

“We now have the final picture of what will be done by the British because what they had initially told us had nothing to do with what will ultimately be done,” he told Politis radio.

He said that his municipality had in the first instance been told that 20 new antennae would be installed, and that 18 would be removed, but that two weeks ago, “we were told that 68 would be installed in the first phase”, and that another 68 antennae will be installed in the second phase.

EU OPENS THREE INFRINGEMENT CASES AGAINST CYPRUS OVER MONEY LAUNDERING, TAX AND FRAUD RULES

EU OPENS THREE INFRINGEMENT CASES AGAINST CYPRUS OVER MONEY LAUNDERING, TAX AND FRAUD RULES - in-cyprus 9/7


The European Commission formally announced yesterday that it has opened infringement proceedings against Cyprus in three separate cases, over the country’s failure or delay in complying with EU directives and regulations relating to anti-money laundering rules, the exchange of tax information with the EU and member states, and the provision of banking transaction data to OLAF, the EU’s anti-fraud office.

The Commission sent two letters of formal notice and one reasoned opinion, meaning Cyprus must now convince Brussels that it is prepared to amend its legislation within set deadlines in order to fully comply in all three cases where it has diverged from EU law.

CYPRUS BUSINESS DEVELOPMENT ORGANISATION - ''DOWRY'' OF €60 million AND THEN . . . SELF-FINANCING

CYPRUS BUSINESS DEVELOPMENT ORGANISATION - ''DOWRY'' OF €60 million AND THEN . . . SELF-FINANCING - Filenews 9/7 by Eleftheria Paizanou


An amount of €60 million. will be the "dowry" of the Cyprus Business Development Organization (KOAE), which will cover both the loans it will grant to businesses and its operating costs. The one-time grant will be granted in five installments.

This year, the state will pay the KOAE €1 million, in 2027 an amount of €10 million, in 2028 and 2029 an amount of €20 million, while in 2030 the last €9 million will be paid.

After all the installments are given, the Organization is planned to be self-financed. The operation of the organization will facilitate the access of micro and medium-sized enterprises, start-ups and the self-employed to finance, through loans, guarantees, grants, investment tools and advisory services.

THE EES SYSTEM AT AIRPORTS DID NOT AFFECT CYPRUS

THE EES SYSTEM AT AIRPORTS DID NOT AFFECT CYPRUS - Filenews 9/7 by Angelos Angelodimou


No problem arises at Cypriot airports from the automated mechanism for registering third-country nationals entering and leaving the Schengen area. As is well known, chaos has been caused at several European airports for days, due to the EES (entry-exit system) mechanism.

It is essentially a digital system, which records when travellers enter and leave the Schengen area for short stays, collecting biometrics such as facial images and fingerprints, along with personal data from travel documents.