Daily Archives: September 19, 2019

MIGRATION: Cyprus signs deal for EASO help to tackle asylum influx

Cyprus is the first European Union member to host the European Asylum Support Office permanently to help Nicosia cope with a sharp spike in migrants.

Cypriot Interior Minister Constantinos Petrides said Cyprus is the first country among the 28 EU …

CYPRUS: Anger as Hellenic Bank eyes more branch closures

Hellenic Bank has announced it will close down more branches by the end of 2020, despite criticism it is abandoning rural communities that need them most.

Talking to MPs of the House’s Audit Committee, Hellenic general manager George Karagiorgis said

MARKETS: Federal Reserve didn’t surrender to White House pressure

The Federal Reserve cut its main target interest rate for the second time in 2019. The 25-basis point cut to a range of 1.75% to 2% was widely anticipated by markets. However, this didn’t move the Dollar lower as the

FINANCE: Cyprus 2020 budget projects 2.9% GDP growth and fiscal surplus

Cyprus’ 2020 state budget forecasts slower GDP economic growth of 2.9% next year and a fiscal surplus of 2.7%.

The 2020 state budget, approved by the Cabinet, is balanced with a fiscal surplus, said Finance Minister Harris Georgiades. It foresees …

Customs Union: Fake and potentially dangerous goods worth nearly Euros 740 million stopped at EU customs in 2018

New figures released by the European Commission today show that the number of interceptions of fake goods being imported into the EU increased in 2018 due to a large amount of small parcels in express and postal traffic.

Detention figures

EUROPE: Cyprus extends deadline for expats to seek residency if hard Brexit

The British High Commission has welcomed Nicosia’s decision to extend the deadline for UK nationals living in Cyprus to apply for residency in the advent of a no-deal Brexit.

Nicosia decided that in the case of a no-deal Brexit, UK …