Cyprus in the dock over EU budget fraud

European prosecutors accuse Cyprus of inadequately monitoring how EU funds are spent, claiming one in 10 fraud cases against the European Union budget has a Cypriot connection, an accusation Nicosia denies. Cyprus

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UN chief open to new ideas

The UN Security Council mandate for Cyprus is to secure a bizonal, bicommunal solution but the parties can present new ideas at a conference in March, said UN Secretary-General Antonio Guterres. “It

Cyprus economy to rebound 4.5% GDP in 2021

Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis. Addressing Invest

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Cyprus drops down corruption table

Cyprus received another blow to its tarnished reputation as it dropped one notch to 42nd in Transparency International’s 2020 Corruption Perception Index (CPI) on Thursday. The news comes as government and senior

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Cyprus funds home energy drive

Cyprus is launching schemes in a bid to meet its EU 2030 environmental targets set in its national Climate Plan 2021-2030 which includes subsidies for making homes more energy-efficient. The EU has

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