Cyprus dropped five places in the IMD World Competitiveness Center rankings for the third consecutive year, falling from 40 to 45th out of 64 countries. This year, Cyprus has reached its lowest
Hundreds of cases of human trafficking and sexual exploitation are reported to authorities yearly, but just a trickle finds their way to court, as victims do not feel safe enough to see
The Central Bank of Cyprus believes the Cypriot economy will expand by 2.6% GDP in 2023, with positive developments observed in private consumption offset by any impact of sanctions on Russia for
British High Commissioner Irfan Siddiq expressed his encouragement at the excellent collaboration with government and industry in Cyprus regarding UK sanctions of Cypriot entities linked to Russians supporting Moscow’s war. During a reception
The property market in the capital is attracting strong interest from investors, as another multimillion project is in the pipeline. According to Kathimerini Cyprus edition, a new investment exceeding €60 mln is
Non-performing loans decreased by €105 mln at the end of March, compared to the end of December 2022, reaching €2.2 bln, according to the Central Bank of Cyprus. The ratio of NPLs
Former Larnaca Bishop Chrysostomos has challenged a Holy Synod decision to suspend him from his duties following his 12-month jail term after being found guilty of sexually assaulting a minor in a
The cabinet on Wednesday approved an Energy Ministry proposal to allow petrol stations to install electric vehicle charging points. The move, which will be implemented after an amendment to the existing law
Preventing and combating human trafficking is a priority for the government, said Justice Minister Anna Koukkides Procopiou, following a US State Department report which positively assessed Cyprus, maintaining its Tier 1 ranking. A
Cyprus has signed a letter of intent for the joint acquisition of infrared-homing short-range French anti-aircraft missiles Mistral. The Ministers of Defence of France, Belgium, Estonia, Hungary, and the Permanent Secretary of
