Cyprus allocates €103 per person for research and development, less than half the EU average of €244, according to data on government budget allocations for R&D. In 2021, the total government budget
The Bank of England’s expected interest rate rise has been slammed as “harmful” and a “misery rate rise” by the CEO of one of the world’s largest independent financial advisory, asset management
The seasonally-adjusted unemployment rate in Cyprus was lower than the European average at 5.1% in June, compared to 6.6% in the euro area and 6.0% in the EU, according to Eurostat. But
Political uncertainty has increased in Bulgaria after the collapse of the four-party coalition government under the leader of centre-right ‘We Continue the Change’ (PP) party, Prime Minister Kiril Petkov. Bulgaria is now
Greece and Cyprus accused Turkey of stoking tensions as Ankara prepared to dispatch a drill ship to the Mediterranean in August to search for natural gas. Relations between Athens and Ankara are
Cypriot EU Health Commissioner Stella Kyriakides urged member states to step up surveillance, identification and reporting of monkeypox cases, and vaccination with clear risk communication campaigns. CNA said Kyriakides sent a letter to EU
Health Ministers of Cyprus and Lithuania said they want to establish a closer working partnership by drafting a Memorandum of Cooperation. Cypriot Health Minister Michalis Hadjipantela and Lithuanian counterpart Arūnas Dulkys have
In a tension-raising move, Turkey will resume gas exploration in the Mediterranean sea somewhere off Cyprus on August 9. The Turkish Energy Ministry confirmed the development, and the gas exploration will be
EU countries approved a diluted emergency plan to curb gas demand after striking compromise deals to limit the cuts for some as they brace for further Russian reductions in supply. Europe faces
The European Commission has adopted the €33.4 mln Annual Action Programme to help the Turkish Cypriots implement the criteria for PDO-registered halloumi. Commissioner for Cohesion and Reforms Elisa Ferreira said the Aid
