Measures taken over buffer zone violation

Government measures have been taken in response to Turkish occupation forces encroaching on the UN-controlled buffer zone in Ayios Dometios in Nicosia, according to government spokesman Konstantinos Letymbiotis. Asked about the measures

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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