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1. Cyprus trade deficit drops by €1.18 billion as imports and exports decline

Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...

2. What Trump’s election could mean for American taxpayers

A Donald Trump presidential election victory would have huge implications for US trade policy......

3. Increase in missing minors from Cyprus juvenile homes raises alarms

Cyprus is grappling with a steady rise in cases of minors disappearing from juvenile homes, a long-standing issue of national welfare policy....

4. Germany: €60 billion budget shortfall rocks Europe's largest economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

5. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

6. IMF raises Cyprus' growth forecast for 2024

The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....

7. High school principal accused of violating rights of student with ADHD

A high school principal has been reported to the police and the Ministry of Education by a student's father due to the principal's behavior toward a student with ADHD......

8. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

9. Cyprus trade deficit drops 17% in 2024

Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...

10. Cyprus has second largest decrease in firefighter jobs across EU

The number of firefighters was cut in 12 EU member states, including Cyprus, in 2023, while Cyprus was the country with the second largest drop in the employment of firefighters that year, according to an analysis by the European Trade Union Confederation (ETUC) of EU Labour Force Survey data which was also published recently by Eurostat. ...

11. Nicosia faces financial strain amid local government reforms

In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....

12. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

13. EU plans two-phase trade strategy if Trump wins presidency

Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....

14. Cyprus exports decline sharply while imports see a modest rise

Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....

15. State to cover €12M shortfall from licensing revenues

Interior Minister Konstantinos Ioannou expressed satisfaction with the progress of the Local Government Reform, despite minor issues during the initial days of its implementation....

16. Cyprus trade deficit shrinks by €708 million

The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....

17. Panathinaikos' historic comeback seals seventh European crown

Panathinaikos clinched its seventh European crown in dramatic fashion, staging a remarkable comeback from a 14-point deficit to defeat Real Madrid in the final showdown in Berlin on Sunday....

18. Cypriots torn between Palestine and Israel

The Greek Cypriot approach to the conflict between Palestinians and Israelis has always been conflicted, mainly because we don't know with whom to identify....

19. Fighting high interest rates is Europe's main challenge

The European economy faces significant challenges amidst the current geopolitical crisis, which threatens its global position. ...

20. Wind and solar could power Eastern Mediterranean and Middle East by 2050

The significant potential and great potential of wind and solar energy in the Eastern Mediterranean and Middle East (EMME) region up to 2050 is revealed......

21. Cyprus grapples with €80 million surge in state budget deficit for 2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

22. Audit uncovers mismanagement in Cyprus' public health system

In a damning revelation, Auditor General Odysseas Michaelides unveiled alarming mismanagement within Cyprus' public health sector, particularly in its flagship National Health System (GESY). ...

23. Cyprus economy holds steady amid challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

24. Europe's ambitious plan to reignite economic engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

25. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

26. Cyprus trade deficit soars to €8.57 Billion in 2023

Cyprus' trade deficit for 2023 reached €8.57 billion, marking an 18% increase from the previous year's €7.26 billion, according to provisional data released by the Statistical Service of Cyprus (CyStat)....

27. Inquiry raises more questions in National Guardsman's death

28. Will the far-right push Germany towards a Dexit?

In an exclusive interview with the Financial Times, Alice Weidel, leader of Germany's far-right Alternative für Deutschland (AfD), expressed support for a ''Dexit'' referendum, citing the UK's Brexit as a model for Germany. ...

29. Black holes in public safety

Last week, Justice Minister Marios Hartsiotis pledged to enhance security, proposing an increased uniformed presence in the city center to combat crime....

30. Cyprus dominates EU exports in November

Cyprus recorded the highest annual increase in exports among the member states of the EU in November 2023 compared to November 2022......