Daily Archives: December 10, 2019

Cyprus economy challenged by low productivity, high private debt

Low productivity and high private debt, as external risks increase, are the main challenges for the Cyprus economy to tackle, said an International Monetary Fund (IMF) review.The IMF Executive Board welcomed the strong economic recovery and declining u...

Refund for Jiu-Jitsu while Olivewood is in trouble

After a heated discussion among MPs, parliament gave the green light for the Euros 8.5 mln reimbursement to the producers of a Hollywood movie filmed entirely in Cyprus, but the film scheme remains shackled.Jiu-Jitsu, starring Oscar-winning actor Nicol...

Turkey’s behavior is causing instability throughout the Eastern Mediterranean, Defence Minister says

Turkey's behavior is causing instability throughout the Eastern Mediterranean, Defence Minister Savvas Angelides said on Tuesday, while noting that the Republic of Cyprus continues its efforts for a Cyprus settlement through diplomatic, legal and polit...

US Congress to lift arms embargo on Cyprus

The United States Congress is expected to approve by Thursday the lifting of the embargo concerning the sale of US arms in the territory of the Republic of Cyprus, which is in place since 1987. The embargo will be lifted

President Anastasiades will not attend UN event after Akinci cancels, Spokesman says

Government Spokesman Kyriacos Koushos issued a written statement on Tuesday, clarifying the reasons why President of Cyprus Nicos Anastasiades is not attending an event, organized by the United Nations at Ledra Palace, later this evening.According to t...

Cypriot leaders ‘too busy’ to attend UN event

Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci have changed their minds and said they are too busy to attend a UN reception, cancelling an opportunity to show some seasonal goodwill.Cypriot leaders making themselves unava...