The European Commission has stressed the need for Cyprus to strengthen the independence and the accountability of its Prosecution Service. In its Rule of Law Report 2023, the European Commission recommends Cyprus bolsters accountability of the Prosecution Service “by providing for a possibility of review of the decision of the Attorney General not to prosecute or
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According to seasonally adjusted data, the number of registered Cyprus unemployed individuals in June reached its lowest level in the past 17 months. Based on the data maintained by the District Labour Offices, the number of registered jobless at the end of June 2023 reached 11,747, the highest number since April. However, according to data
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The House Price Index (HPI) recorded a 5.9% annual increase for the first three months of 2023, marking its fifth consecutive quarterly growth, according to a preliminary estimate by the Cyprus Statistical Service. Specifically, the Housing Price Index (HPI) in Q1 2023 reached 110.14 units from 108.03. This marks the fifth consecutive quarterly increase of
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Total new loans in May spiked to €1.07 bln, more than double the previous month due to renegotiated loans for which new contracts were signed, while fresh new credit rose to €536.5 mln. According to Central Bank of Cyprus data, the total pure new loans were €556.8 mln from €202 mln in the previous month.
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An important step forward would be an agreement with the sides to appoint a United Nations envoy who could explore common ground for resuming Cyprus negotiations; the UN Secretary-General said in his Mission of Good Offices report. Meanwhile, in his report on the UNFICYP, he urges the leaders to send a clear signal that “this time, things
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House Speaker Annita Demetriou told a UK audience it was imperative to stay alert and act promptly, composedly and coordinatedly to fend off Turkey’s attempts to get the occupied north recognised as a state. Was the key guest at a London dinner hosted by the UK National Federation of Cypriots. Addressing various generations of UK Cypriots, Demetriou said
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Cyprus Public Transport has introduced the first electric urban buses to their fleet to commence servicing routes. The company said the move aims to contribute to sustainable and greener public transport efforts. CPT said the five new Yutong Chinese electric buses are fully accessible, 12-metre long, with a maximum capacity of 85 passengers, including priority seats
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The first half of 2023 concluded on a positive note registering 4,808,431 passengers at Cyprus airports, with a 3% increase compared to the benchmark pre-Covid era of 2019. According to airports operator Hermes Airports, 3,252,612 passengers went through Larnaca airport in January-June, while 1,555,819 passengers were handled at Paphos airport. Moreover, according to the Airports
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Attracting productive direct investments is of paramount importance, said President Nikos Christodoulides in his address at the 11th Invest Cyprus international awards. President Christodoulides said investors “play a significant role in driving economic growth, fostering innovation, and creating job opportunities”. He said discussions with investors highlighted issues that require the government’s attention, such as challenges in
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Cyprus police are working with Interpol to dismantle an international ring scamming older people pretending to be doctors attending to a loved one. Following the arrest of a Larnaca couple, aged 65 and 66, the police widened its search with the help of the international policing authority to Bulgaria and Romania. The elderly suspects were
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