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1. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

2. Cyprus talks up island’s shipping to India officials

Deputy Minister for Shipping Marina Hadjimanolis described the shipping sector as an invaluable asset for Cyprus, stating her determination to further strengthen Cyprus' position in global shipping...

3. EC urges Cyprus to comply with EU VAT rules for homes

The European Commission has called on Cyprus to comply with EU VAT rules for dwellings by sending a reasoned opinion to the country, included in the Commission’s June infringements package. ...

4. Minister calls for duty-free halloumi exports to Australia

Minister for Agriculture Petros Xenophontos participated in the Agriculture and Fisheries Council of the EU on Tuesday, where he participated in discussions regarding the state of the agricultural market in the EU as well as trade with Ukraine. Subtitle: ...

5. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

6. Taxpayer funded ferry to Greece begins new season

Ferry ship Daleela begins today its first voyage marking the new season’s maritime connection between Limassol and Piraeus, which has been welcomed by the Deputy Minister for Shipping, Marina Hadjimanolis and Limassol Mayor Nicos Nicolaides...

7. From 25% to 5% smoking rate by 2040, says Kyriakides

Health and Food Safety Commissioner Stella Kyriakides, in a prelude to World No Tobacco Day on May 31, emphasized the Commission's ambitious objective of reducing smoking from 25% to a mere 5% of the population by 2040 in her written message....

8. Institute wages House battle for married parents

Immigration experts in the Republic of Cyprus are proposing a €50,000 house bonus for newlyweds, with an additional annual stipend for each child born in wedlock as well as legal avenues for adopting healthy foreign babies...

9. German delegation visit to Cyprus highlights good diplomatic relations

Α delegation of the Parliamentary Friendship Group for relations with Cyprus and Malta of the German Bundestag will pay an official visit to Cyprus, between 30 May and 2 June 2023. The visit takes place at the invitation of the Cyprus House of Representatives, an official announcement says....

10. EC challenges 5% VAT proposal for primary residences

Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....

11. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....

12. Unleashing potential through a revised recovery plan

The Directorate General for Growth, in collaboration with all stakeholders, is currently preparing Cyprus' revised Recovery and Resilience Plan....

13. Divestments trigger a risk of backlash in the Recovery Fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

14. Christodoulides searches for that special someone to break the deadlock

President of the Republic Nikos Christodoulides said on Thursday that he exchanged views with other EU leaders on specific European personalities that could contribute to breaking the deadlock of the Cyprus issue....

15. Cyprus exits enhanced surveillance ten years after crisis

Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...

16. EBA tightens its grip in response to sanctions

Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...

17. Cyprus Cancer Research Institute: Scientific bridge between Europe and Cyprus

An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....

18. President holds talks with EU commissioners on Cyprus problem and migration

The Cyprus problem, the migration issue and current European developments were discussed on Monday at the meeting between the President of the Republic of Cyprus, Nikos Christodoulides and the Vice-President of the European Commission responsible for the Promotion of the European Way of Life, Margaritis Schinas, at the Presidential Palace....

19. UNFICYP responds to allegations of farmland transfer in UN buffer zone

The UN peacekeeping force in Cyprus (UNFICYP) has rejected allegations related to Greek Cypriot farmland inside the UN buffer zone in the Denia area as "false and misleading", its spokesperson, Aleem Siddique, has said....

20. Kyriakides: 'Our goal now, medicines for all'

"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....

21. Meta slammed with record €1.2 billion fine over user data handling

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States....

22. France 24: The dark side of higher education in occupied Cyprus

According to a report from France 24, education has become the leading economic sector in occupied Cyprus. ...

23. Cyprus, Israel and the US join forces in civil protection

Cyprus is interested in further developing its capabilities in the field of civil protection, not only at a state level but also at an international and regional level, by deepening its multifaceted partnerships with states in our region - and beyond....

24. EU-MED 9 energy ministers unite to transform Mediterranean into green energy hub

Energy Ministers of the EU-MED 9 (Cyprus, France, Greece, Spain, Italy, Croatia, Malta, Portugal and Slovenia), decided on Thursday to collaborate to make the Mediterranean Region into a hub of green energy....

25. Kyriakides and Becerra: EU and US establish joint health task force

26. 0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

27. Over 1.2 billion in Russian assets frozen in Cyprus

Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday...

28. Cypriot economy maintains momentum but faces uncertainties

The Cypriot economy maintained a strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking however signs of a slowdown on the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to place inflation under control....

29. European commissioners to visit Cyprus for meetings and cancer initiatives

Margaritis Schinas, Vice President of the European Commission and European Commissioner for Promoting our European Way of Life and Stella Kyriakides, European Commissioner for Health and Food Safety will be in Cyprus next week for a number of meetings....

30. British expertise on the table as Leo Docherty speaks to Kathimerini

In an interview with "K" newspaper, Leo Docherty, the British Minister for Europe, highlighted the British commitment to closer collaboration, emphasizing the range of areas where British expertise and cooperation can contribute to addressing issues such as combating illegal financing and exploring support structures for enforcement or addressing potential sanctions evasion. ...