Search

1. New plan to safeguard vulnerable groups' homes nears approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

2. Cyprus, Greece, Jordan sign defense cooperation

Cyprus, Greece and Jordan signed a Trilateral Defence Cooperation Programme during a ceremony held on May 30 at the National Guard General Staff in Nicosia...

3. 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....

4. Nicosia looks forward to hosting next 3+1 summit

During a reception held by the Embassy of Israel in Nicosia to commemorate Israel's 75th independence anniversary, Cyprus's Defense Minister, Michalis Giorgallas, expressed that Nicosia eagerly looks forward to hosting the next political level 3+1 meeting involving Cyprus, Greece, Israel, and the USA before the year's end. Additionally, Cyprus plans to host the 9th Cyprus, Greece, and Israel Trilateral Summit in 2023....

5. 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...

6. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....

7. Tatar pushes for energy cooperation while insisting on 'two states'

TC leader Ersin Tatar recently sent a message to President Nicos Christodoulides, expressing the TC side's support for a solution in Cyprus. Tatar emphasized the importance of cooperation "between the two states living side by side" and reiterated his belief that a two-state solution would enhance prosperity on the island. ...

8. 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....

9. Cyprus and Netherlands seal double taxation deal

Cyprus' Minister of Finance, Makis Keravnos, expressed his satisfaction for the conclusion of negotiations on a double taxation avoidance agreement with the Netherlands in a meeting Thursday with the Ambassador of the Netherlands in Cyprus, Elke Merks-Schaapveld, according to a press release by the Ministry of Finance....

10. Cyprus praises visit by US guided-missile destroyer

Cyprus Defence Minister, Michalis Giorgallas, has said that the call which class guided-missile destroyer USS Arleigh Burke paid on Wednesday at Limassol port, is a proof of the strong position which Cyprus has in the region...

11. 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. ...

12. Cyprus and Israel strengthen military cooperation with AGAPINOR-2023 (Video)

The AGAPINOR-2023 international exercise was held in Cyprus between May 7-11 within the framework of the Bilateral Defence Cooperation Program between the armed forces of the Republic of Cyprus and the State of Israel....

13. Non-compliance with US sanctions bad says CBC Governor

No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...

14. Turkish elections: No matter who wins, Greece remains skeptical

Greek-Turkish Relations Hang in the Balance After Turkish Elections" Subtitle: "Uncertainty Looms as Turkey's Strategic Priorities Likely to Remain Unchanged Regardless of Election Outcome"...

15. Cyprus behind on freezing Russian assets, EU official says

The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions amid the war in Ukraine, the bloc’s justice commissioner said Thursday...

16. Deutsche Bank to slash 800 jobs as part of new cost-cutting initiative

Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....

17. WHO leads regional effort to improve health and well-being of refugees and migrants

18. Cyprus faces economic losses due to rejected renewable energy production

The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....

19. Central Bank Governor: Sanctions' impact on economy not significant so far

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, was received on Friday morning (21/04) by the President of the Republic, Nicos Christodoulides. ...

20. Numerous foreclosure sales expected in 2023 and 2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

21. Easter Table: Lamb and Flaounes more expensive

The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....

22. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

23. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

24. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

25. North unhappy after US sub anchors in Limassol

Ankara and the Turkish Cypriot leadership repeated warnings over the weekend about Washington 'disrupting the balance' on the divided island, with their latest criticism targeting a deployed US attack submarine that anchored in Limassol...

26. Greek minister on rare visit to Turkey as tensions ease

NATO members Turkey and Greece can resolve their disputes through peaceful means and dialogue, Turkey’s defense minister said after talks with his Greek counterpart Tuesday, in the latest sign of easing tensions between the rival neighbors...

27. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

28. Turks cry foul over Cypriot army link to New Jersey

Ankara says it will 'never allow any harm to come to the Turkish Cypriots' while condemning US policy towards Cyprus, including an agreement last week between Greek Cypriot and New Jerseyan armies on a program viewed as a potential precursor to NATO...

29. Energy in focus: Greece, Cyprus, and Israel hold trilateral meeting

Foreign Ministers of Cyprus Constantinos Kombos, Greece Nikos Dendias and Israel Eli Cohen, who met on Friday in Nicosia, pointed out the importance of the trilateral energy cooperation and its contribution to the stability in the region....

30. New Jersey and Cyprus armies tie the knot

Cyprus and US relations have never been stronger, Minister of Defence of the Republic of Cyprus Michalis Giorgallas has stressed during the signing ceremony of a State Partnership Program between the Republic of Cyprus and the New Jersey National Guard...