Cyprus unemployment below eurozone 7%

Compared to the year before, Cyprus saw a reduction in its annual unemployment rate, dropping to 6.4% in 2021, falling below the eurozone average of 7%. The country’s unemployment rate remained unchanged

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EU, Cyprus sign migrant return deal

For the first time, Cyprus and the EU have signed an agreement on the return of migrants by streamlining procedures for asylum rejection as arrivals increase. The agreement was signed on Tuesday in

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Cyprus has EU’s highest stock of NPLs

Cyprus has the EU’s highest stock of non-performing loans (assets) of the general government, according to Eurostat data. The share of non-performing loans over the country’s GDP stood at 28.3% in 2020,

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Three bids for Cyprus-Greece ferry link

Three European entities have submitted expressions of interest in the improved tender to operate the Cyprus-Greece passenger ferry, 22 years after it was abandoned. Officials at the Shipping Deputy Ministry (SDM) said

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