Cyprus ‘strongest supporter’ of Serbia’s EU hopes

Cyprus is the strongest supporter of Serbia’s European path, President Nikos Christodoulides said during a two-day visit to Belgrade. On Serbia’s European aspirations, President Christodoulides said that Cyprus is the strongest supporter of Serbia’s European path.

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HALLOUMAKI case crashes in EU court

The EU General Court has closed a case between Greek company Kolios AE and a group of Cypriot processors and producers of sheepmilk and goatmilk over its intention to register the logo

Government extends deadline on Aphrodite plan

The government has granted the Aphrodite gas field operator, US giant Chevron, another week extension to agree on the untapped reservoir’s development plan. Israel’s NewMed Energy, a partner in the Aphrodite consortium,

US, UK seek assistance in sanction-busting cases

Authorities are busy investigating cases of Cypriot firms facilitating asset transfers for sanctioned Russian oligarchs, with the UK and US requesting judicial assistance. Following the damning ‘Cyprus Confidential’ leaks, some eight requests

Cypriots save 6.5% of disposable income

People in Cyprus saved only 6.5% on average of their disposable income, half the EU average of 12.7%, according to Eurostat non-financial sector accounts 2022 data. Saving rates were significantly lower than

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Foot-dragging worsened sanction-busting stigma

Authorities knew Cypriot firms were facilitating significant asset transfers for sanctioned Russian oligarchs months before the damning ‘Cyprus Confidential’ leaks. Government agencies were reportedly aware for eight months about the potential sanctions

S&P: Cost-cuts key for Cypriot banks

Cypriot bank’s ability to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’s said. In a country-by-country