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,
Ten years after the financial crisis, Cyprus exited the European Commission’s excessive imbalances procedure (EIP) under the spring package of the 2023 EU Semester. The EIP procedure shows that a member state
The government does not share the views of Eni CEO Claudio Descalzi, who argued that the EastMed pipeline needed Turkey’s approval, said Energy Minister George Papanastasiou. In a statement to CNA, the
Nicosia is preparing a road map to protect the country’s international reputation, following US and UK sanctions on Cypriot financiers accused of helping Russian oligarchs hide their assets after the Ukraine war.
Eurostat recently published comparative rents, compiled with our contribution, for apartments and houses in the capitals of EU states, showing Nicosia has cheaper rents than most. The data also indicates that Nicosia
In a rare confrontation with peacekeepers, despite previous representations, the Foreign Ministry has voiced ‘serious concern’ over UNFICYP not stopping illegal construction at the Cetinkaya stadium inside Nicosia’s buffer zone. “The Government
The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited
Electronics and home supplies retailer Stephanis is opening a flagship store in Nicosia within the next few months, the biggest of its kind in the capital. At 2,200 sqm, the new store
Ask WiRE, a company that combines Real Estate expertise with the use of technology, has developed a new innovative tool which analyses data in the real estate market. The model considers numerous
Cyprus expressed its readiness to assist in the rescue efforts after the devastating earthquake in Turkey, but the Turkish side did not accept help from the Republic, officials said. Foreign Ministry’s Permanent
