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

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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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

Tourism revenue boosting economy

Highlighting the sector’s pivotal role in the economy, official forecasts predict an increase in tourism’s contribution to the GDP this year to 12.8%, up from 12.2% in 2022. Tourist arrivals for January

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