Changing environment for banks

The pandemic has caused new turmoil and highlighted the ongoing concerns within the European Authorities about the Union’s banking system. The turmoil accelerated the reassessment and upgrading of the operating rules of

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Cyprus produces first PDO halloumi

Agriculture Minister Costas Kadis attended Wednesday the first-ever production of the traditional Cypriot halloumi cheese bearing the EU product of protected designation of origin (PDO) certificate. The first badge of halloumi bearing

Cyprus climbs digital ladder

Despite Cyprus improving its ranking on the EU’s Digital Economy and Society Index by three places, the country still sits among the poor performers. As announced by the European Commission, Cyprus has

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Cyprus among best COVID recovery plans

Finance Minister Constantinos Petrides and ESM chief Klaus Regling highlighted the importance of implementing the Recovery and Resilience plans to diversify the economy in boosting growth potential post-pandemic. Regling in Cyprus to

Turkish Cypriot EU halloumi woes

Turkish Cypriot cheesemakers say they have been squeezed out, as the island’s iconic cheese halloumi comes under the shield of the European Union as a product of Protected Designation of Origin (PDO).

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Stronger rebound for Cyprus in 2021

Cyprus will boast a stronger than expected recovery of 5.5% GDP growth this year following the coronavirus pandemic, according to European Commission forecasts. The Finance Ministry noted the strong recovery recorded in

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Cypriots trust EU more than government

Although happy with their standard of living, Cypriots have a gloomier economic outlook than most Europeans and trust their government less than they do Brussels, according to a Flash Eurobarometer on public

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Cyprus wants to suspend asylum applications

Cyprus said Wednesday it is suffering a “migration crisis” and seeks to suspend asylum applications to those entering the Mediterranean island illegally. President Nicos Anastasiades held an emergency meeting Wednesday with ministers

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