New asylum applications dip 50%

There was a 50% reduction in new asylum applications between March and October compared to 2022 as deportations increased, the Interior Ministry said. For the first time, the overall balance of arrivals-returns presents a positive

Energy majors commit to East Med gas exploration

Energy companies operating in the Eastern Mediterranean- Chevron, ENI, Shell, and ExxonMobil- reaffirmed their commitment to exploiting natural gas. US oil major Chevron, which operates Aphrodite, considered the most mature gas field

Households emptying savings accounts 

Cypriot families find it impossible to squirrel away any savings as they grapple with hefty loan payments and sky-high interest rates as household deposits decline for a fourth month. According to the

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November economic sentiment improves

The Economic Sentiment Indicator (ESI-CypERC) improved in November, compared to October, mainly due to strengthening business sentiment in the services and construction sectors, according to the University of Cyprus Economic Research Centre.

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More ESG investments in 2024

As thousands of delegates get ready to attend the biggest conference in Dubai addressing climate challenges, a survey found that a great number of investors plan to increase their allocations to environmental,

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Turkey encroaches buffer zone again

An incident involving Turkish soldiers taking up a position in the UN-controlled buffer zone appears to be part of the broader approach by Ankara to challenge the status quo, said government spokesperson

CySEC protecting investors, fuelling growth

The investment sector continues to grow steadily despite continuous challenges, positively contributing to the growth of the broader financial services sector and the Cypriot economy, said the Cyprus Securities and Exchange Commission

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