Cypriot banks are under pressure from EU authorities, as the latest data from the European Central Bank shows they offer their customers the lowest savings rates in the eurozone. Finance Ministry sources
Paphos and Sevilla in Spain have won the EU 2023 European Capitals of Smart Tourism competition. Organisers said the award resulted from a careful and systematic effort by the municipality and the organisation for Tourism
Cyprus, along with Malta, have the highest energy demand to keep buildings cool among EU states, while since 1979, the two countries recorded the highest yearly average of cooling degree days. According
The FuelEU Maritime regulation is crucial for promoting the uptake of sustainable and scalable fuels in shipping, ECSA President Philippos Philis said. As the guest speaker at the Cyprus Marine Club monthly
Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the
Cyprus is speaking to fellow European Union countries to shore up support for the shipping industry hit by sanctions on Russia. Cyprus has the third-largest shipping fleet in the EU after Malta and Greece. It has
Using lead shot ammunition in wetlands is now illegal in all 27 EU countries, including Iceland, Norway, and Lichtenstein, but conservationists say monitoring must be tougher in Cyprus. The law comes into
President-elect Nikos Christodoulides said he would promote in Brussels his proposal for more hands-on EU involvement in efforts to reunify Cyprus. “I am talking about the need for a more active and
Cyprus’ economy will be the fifth best in the European Union with a 2023 GDP growth rate of 1.6%, according to the European Commission’s Winter interim Forecast. Only Ireland (4.9%), Malta (3.2%),
A special European Council held in Brussels included a call to the Commission to deliver an action plan for managing the Eastern Mediterranean migration route, which puts Cyprus on the frontline. The
