Cyprus will install an electronic surveillance system along the buffer zone and hire 300 special police officers to stem an increase in migrant flows from the breakaway north. President Nicos Anastasiades convened an emergency meeting on migration on Tuesday with the participation of the Interior, Foreign, Justice, Defence Ministers, and the chief of police and
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Finance Minister Constantinos Petrides argues the best way to address rising inflation is not by imposing additional taxes but by investing in growth. He also assured Cyprus is not over-exposed to Russia, so its banking sector is not affected. Commenting on a Financial Times article that Cyprus is largely affected by the war in Ukraine,
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Many luxury cars are on Cyprus’ roads on temporary license plates without being registered, with the state losing thousands of euros in registration fees and road tax. According to a Politis daily, Cyprus MPs were presented with a list of businesspeople driving around in luxury SUVs or limos, which have not been registered. Reportedly the
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The Eastern Mediterranean route saw arrivals of irregular migrants more than double in January-March, driven by detections of illegal crossings in Cyprus, which rose 302%, said EU border agency Frontex. The first quarter of 2022 registered the highest level of irregular crossings into European Union since the migratory crisis in 2016, fuelled by a surge
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By Craig Erlam Tuesday was a mixed day that saw European indices slip a little into the red, while Wall Street enjoyed better returns of more than 1%. US equities managed decent gains even as yields continue to head higher and traders are forced to consider the possibility of 75 basis point increases, something not
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Leaders worldwide are reaffirming their commitment to accelerate measures to fight climate change. Similarly, Christine Lagarde, President of the European Central Bank (ECB), recently stated the fight against climate change is on the agenda of ECB’s Governing Council for assessment and discussions when determining the monetary policy of the Eurozone. International studies show that businesses
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Relations between Cairo and Nicosia are at their best and on an upward trajectory, said Egypt’s Ambassador Amr Hamza. Elaborating on ties between the two countries, the Ambassador told CNA: “The strength of our relationship is not just in terms of pursuing different avenues of bilateral cooperation, but equally in terms of the level of
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Economic growth in Cyprus will slow to 2.1% in 2022, with inflation spiking at 5.3% due to the impact of the Russian invasion of Ukraine and western sanctions against Russia, the IMF said in its World Economic Outlook (WEO). Since the January WEO, the IMF said the global outlook “has deteriorated, largely because Russia invaded
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The cost of building materials in Cyprus continues to rise, while the Central Bank warned the war in Ukraine will only make things worse for the construction industry. According to the Cyprus Statistical Service data, the Price Index of Construction Materials recorded a significant increase of 17.68% in the year’s first quarter. Increases were recorded
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Eleven missing unaccompanied migrant children have triggered the concern of the United Nations High Commissioner for Refugees in Cyprus, which urged local authorities to improve living conditions at the camps. In a communication to the Financial Mirror, the UNHCR said it “is deeply concerned over reports of eleven unaccompanied migrant minors who have gone missing
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