Foreign Minister Constantinos Kombos told the EU General Affairs Council the bloc’s Civil Protection Mechanism should be activated if repatriations increase due to the Middle East crisis. During discussions on the preparation
Cyprus’ general government gross debt-to-GDP ratio increased by 2.2 percentage points (pp) to 85.3% in the second quarter of 2023, compared with the previous three months, the largest quarterly increase by an
The UK Foreign Office has updated its travel advice to British nationals living or visiting Cyprus, stating the heightened chance of demonstrations relating to the tension in the Middle East. In the
Greece’s Foreign Minister George Gerapetritis dismissed as completely unfounded the criticism that the Cyprus issue has been put on the back burner to avoid disturbing the climate in warming Greco-Turkey relations. He
No interest hikes are expected at the next European Central Bank Governing Council meeting, as the latest data suggest that ECB rates have reached a level that, if maintained, will contribute to
Annual inflation in Cyprus increased to 4.3% in September, up from 3.1% in August, bucking the downward trend in the wider EU. A year ago, Cyprus’ inflation rate was 9.0%, according to
Cyprus has strongly condemned the terrorist attack in Brussels that resulted in two Swedish nationals being shot dead. The Ministry of Foreign Affairs posted on X that “Cyprus strongly condemns the terrorist
Cyprus ranks first among EU states for the highest percentage of returns of new asylum seeker applications, the Interior Ministry announced. It said the rate reaches 97% in returns of irregular migrants who
The cost of leaving inflation untamed is much higher for households and businesses, said Central Bank Cyprus governor Constantinos Herodotou. Addressing the 14th Limassol Economic Forum in Limassol, Herodotou referred to the
The European Central Bank is determined to promptly ensure that inflation returns to its 2% medium-term target, said ECB Vice-President Luis de Guindos. In his keynote speech at a Central Bank of
