Cyprus banks have the second highest liquidity coverage ratio in the Eurozone, according to figures released by the single supervisory mechanism (SSM). This is due to the gradual return of deposits following the haircut and the reduction in loans given out, brought on by the banking crisis in 2013. The liquidity ratio of the Cypriot
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Italy Prime Minister Giuseppe Conte has condemned Turkey’s violation of Cyprus’ sovereign rights and international law, voicing Rome’s full solidarity inside the EU. This was conveyed in a telephone conversation Conte had Wednesday with Cypriot President Nicos Anastasiades. Government spokesman Prodromos Prodromou said “the President informed the Italian Prime Minister extensively about Turkey’s ongoing illegal
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Cyprus sales of saloon cars in September increased 4.5% from the year before but for the first nine months of 2019 registration are down 8.1%. September is only the third time this year that sales have been positive reaching 3,311 from 3,169 in the same month last year. Sales in August slumped 11.2%. Registration of
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Following public outcries over sickening animal abuse cases the government has introduced a bill increasing financial penalties and punishment in an attempt to clamp down on animal cruelty. Cyprus’ cabinet has approved a series of amendments to the animal welfare law tabled by agriculture minister Costas Kadis, which foresee heftier fines for offenders. It also
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The UN Security Council will on Wednesday hold a closed-door meeting for unofficial consultations on the fenced-off ghost-town of Varosha following a request by Cyprus. UN Security Council members are expected to be briefed on the situation and developments in general on the Cyprus problem by a senior representative from the Department of Political and
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A new Cyprus research project to monitor greenhouse gas emissions in the east Mediterranean and the Middle East was launched as part of efforts to tackle climate change across the region, with European Union funding. The €30 mln project, which is to be equally funded by the EU (Horizon 2020) and Cyprus will boast one
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The island’s two main shipping organisations, the Cyprus Shipping Chamber and Cyprus Union of Shipowners, have decided to merge into a single formidable force that will look after the interests of the entire maritime cluster. This will end the duplication of representation in international organisations and fora and will help streamline efforts to promote the
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Egypt, Greece and Nicosia strongly condemned Turkey’s provocative actions in Cyprus’ exclusive economic zone (EEZ), expressing “grave concern” over the current escalation in the Eastern Mediterranean. In a joint declaration following a Trilateral Summit, the three countries urged Turkey “to terminate its provocative actions” and to contribute “constructively and in concrete terms for the resumption
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. As is customary on the occasion of any anniversary, we take stock of the past to assess the results achieved and charting the future. The 70th anniversary of the founding of the People’s Republic of China offers an excellent case study because of its remarkable achievements and the solutions it offers to global challenges.
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President of Ireland Michael Higgins will pay a state visit to Cyprus from 13-16 October, the first such trip since 2006. Government spokesman, Prodromos Prodromou, told the Cyprus News Agency that during the talks, President Anastasiades will raise the issue of Turkey`s provocations and illegal interventions in Cyprus’ Exclusive Economic Zone (EEZ). Bilateral relations between
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