UNFICYP is in contact with the Ministry of Foreign Affairs in relation to an incident involving a Turkish aircraft that flew over the buffer zone in the Nicosia village of Denia. UNFICYP spokesperson Aleem Siddique told CNA that the force is in contact with the MFA and “are investigating this incident.” Head of the Denia […]
In April, the nuclear-powered submarine USS San Juan docked in the port of Limassol in Cyprus.
Last Friday, in the presence of Labor and Social Insurance Minister Yiannis Panayiotou, Cyprus’ social partners (trade unions and employers) signed a new transitional agreement on the Cost-of-Living Adjustment (CoLA), stipulating an increased allowance of 66.7% of last year’s inflation from the previous 50%.
President of the Republic Nikos Christodoulides reiterated today that the Government approaches the missing persons’ issue with urgency as “time is running out.”
No impact on financial stability has been recorded so far by the US and UK sanctions against Cypriot people and firms for assisting sanctioned Russian nationals apart from Cyprus’ credibility, Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said, noting that noncompliance would pose “very negative consequences to the economy.”
The economy of Cyprus is expected to grow by 2.6% this year, a full three points lower than the 2022 increase in the island nation’s gross domestic product, the governor of the country’s central bank said on Tuesday.
The President of the Republic of Cyprus Nikos Christodoulides has announced that Cypriot authorities have received the first package of information from the US regarding natural and legal persons included in the US sanctions list, with two more packages expected soon.
The total value of properties sold in Cyprus in the year’s first quarter was 1.7 billion euros.
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as “Russian enablers.”
Former president Nicos Anastasiades, who has denied accusations that he unlawfully interfered in a soccer match-fixing probe, engaged in a back-and-forth with his accuser after he dropped the bombshell firsthand account allegations during a public podcast.
