The annual multinational exercise NEMESIS 2022 was conducted in 9 blocks of Cyprus’ exclusive economic zone and included counter-terrorism scenarios on a gas platform. It also involved boarding operations on suspicious boats,
Inflation in Cyprus was recorded at 8.8% in October, up from 8.7% in September on the Consumer Price Index, lower than the estimated 10.7%-euro area inflation. It increased by 0.89 units and
New loans approved by Cypriot banks rose by €217 million in September compared to August, driven upwards by corporate loans of over €1 mln, which rose by 127.6 mln. Furthermore, interest rates
Cyprus’ unemployment rate of 8% was the third highest in the EU and above the Euro area average of 6.6%, Eurostat data for September shows. The jobless rate in Cyprus dropped to
The European Parliament’s PEGA Inquiry Committee delegation on Pegasus and illicit spyware are suspicious of the surveillance link between Israel and Cyprus. MEPs raised a series of questions, including why Cyprus is
Despite the energy crunch and cost of living crisis, the Cyprus real estate market is witnessing rapid growth amid economic uncertainty. For the first ten months to October 2022, property sales were
Transport Minister Yiannis Karousos issued a warning to ground service companies exploiting workers at airports after strikes over redundancies caused chaos at Paphos and Larnaca. Paphos was the worst hit after ground
By Craig Erlam Equity markets are under some pressure on Thursday, with Asia mostly in the red and Europe poised to open almost a percentage point lower after the US Fed delivered
It is vital that the UN Peacekeeping Force in Cyprus (UNFICYP) is allowed to conduct its mandate on both sides of the Green Line, warned the US State Department. It said UN
The International Investment Funds Association (IIFA) will host its 36th annual conference in Cyprus next year, a decision heralded as a vote of confidence in the local sector. A statement by the
