The government sees no need to step in to support any sector of the economy from the fallout of the war in Ukraine and sanctions on Russia. At the House Commerce Committee, the head of the economic policy unit of the Finance Ministry, Dionysis Dionysiou, told MPs that all sectors of the economy would be
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Cyprus has the third highest percentage in Europe of young people who have had a tertiary education, and it’s way above the EU average, according to Eurostat. In 2022, 42% of the EU population aged 25-34 had a tertiary education, an increase of 1 percentage point (pp) compared with 2021 (41%). However, this still fell short by 3 pp from
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As new match-fixing claims emerge, the Sports Ethics Committee has commissioned a probe into 20 red notice alerts for Cypriot football fixtures. The committee has assigned four lawyers to look into red notices from the European football authority UEFA following reports of high betting activity over four games in the past two weeks. The committee
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Cyprus’ strategy to supply natural gas for power generation coincides with the policy of international companies invited to a workshop organised in Nicosia, said Energy Minister George Papanastasiou. Papanastasiou rebuked negative reports in the Cypriot media about the workshop earlier this week. He said the workshop was successful, and the “participating companies were briefed on the government’s strategy
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Cyprus heads the Games of the Small States of Europe (GSSE) medal table in Malta after securing 11 gold, eight silver and eight bronze medals. The most gold medals — seven – were achieved in Judo, with one silver and six bronze, bringing smiles to the Cypriot team. George Balarjishvili won gold in the 66kg category,
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The ferry link between Cyprus and Greece begins a new season as the Cypriot flag Daleela embarks on its first journey for 2023. Wednesday’s journey marks the launch of the ferry link’s second season since its relaunch last summer after more than two decades without a sea route to Greece. This year’s connection will also
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During a discussion on negotiations towards an EU-Australia Free Trade Agreement, Agriculture Minister Petros Xenophontos argued that halloumi should be exported to the country duty-free. He participated in the EU Agriculture and Fisheries Council regarding the state of Europe’s agricultural market and trade with Ukraine. The Swedish Presidency of the Council briefed the ministers on
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The Cyprus Chamber of Commerce and Industry (CCCI) backs the government’s priority to import natural gas to produce cheap electricity, which has become unaffordable. CCCI President Christodoulos Angastiniotis discussed cheaper energy in a Tuesday meeting with President Nikos Christodoulides. The meeting was also attended by the Minister of Finance, Makis Keravnos. On utilisation of natural gas, Angastiniotis
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Paris sees the need to beef up Europe’s defence industry as continuing European military aid to Ukraine is crucial. The European Political Community (EPC) takes place on June 1 in Chisinau, Moldova, where heads of state and government will discuss security, energy and connectivity in Europe in the shadow of Russia’s aggression in Ukraine. Moreover, they
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The Finance Ministry is expected to table before the Cabinet a bill offering borrowers defaulting on their mortgages access to courts to challenge a foreclosure process of their home. The bill creates a special fast-track court dedicated to dealing with foreclosures challenged by defaulters. Ministry of Finance official Avgi Chrysostomou Lapathiotis told MPs on Tuesday
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