EU screens Cyprus for fiscal imbalances

Cyprus is one of 12 member states the EU will conduct an in-depth review (IDRs) under the Alert Mechanism Report (AMR), a screening measure to detect potential macroeconomic imbalances. This year’s AMR

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Vatican to build Cyprus embassy

The Cabinet has approved the leasing of state property in Nicosia’s Aglandjia area to construct a Vatican City State embassy. Deputy Government Spokesperson Niovi Parissinos said the Vatican’s administration would build the

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COVID19: EMA fast-tracks evaluating Novavax vaccine

The European Medicines Agency (EMA) has started evaluating an application for conditional marketing authorisation for Novavax’s COVID-19 vaccine, Nuvaxovid, the agency announced. The EU assessment will proceed under an accelerated timeline. An

Cyprus climbs digital ladder

Despite Cyprus improving its ranking on the EU’s Digital Economy and Society Index by three places, the country still sits among the poor performers. As announced by the European Commission, Cyprus has

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Hours worked increased by 5.8%

Cypriots worked harder in the second quarter of 2021, as, on average, employees put in 5.8% extra hours at their job compared to the previous three months. Across the EU, working hours

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Turkish Cypriot EU halloumi woes

Turkish Cypriot cheesemakers say they have been squeezed out, as the island’s iconic cheese halloumi comes under the shield of the European Union as a product of Protected Designation of Origin (PDO).

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