Nicosia: The International Monetary Fund (IMF) has lauded Cyprus’ robust fiscal and economic performance in 2024, highlighting a 4.3% budget surplus and a reduction in public debt to 65% of GDP. However, in its latest Article IV Consultation report for 2025, which was published on Monday evening, the IMF also
Nicosia: The Cyprus Department of Meteorology has issued a forecast for the sea area of Cyprus, indicating that weak low pressure is currently affecting the region. The atmospheric conditions are expected to remain mainly fine, although there will be an increase in cloud coverage over the southern and southwestern coastal
Portoroz: George Papanastasiou, Minister of Energy, Commerce and Industry, welcomed the common political will of the MED9 countries to advance a cohesive green development strategy, with joint actions, unified planning, and integrated procedures. He made these remarks during the MED9 Ministerial Meeting on Energy and Environment, which took place on
Brussels: The European Commission and the European Investment Bank (EIB) have signed an agreement to renew the Project Development Assistance (PDA) under the Innovation Fund. This renewal aims to enhance technical and financial advisory support for innovative decarbonisation projects, particularly those not selected via the Fund or preparing to apply.
Nicosia: Cyprus’ Minister of Finance, Makis Keravnos, and the President of the European Economic and Social Committee (EESC) Employers’ Group, Stefano Mallia, engaged in discussions on Tuesday concerning the need to speed up efforts to deepen capital markets within the European Union and to lessen administrative burdens, as stated by
Nicosia: Cyprus is experiencing mild weather conditions with varied temperatures across its regions, as reported by the Department of Meteorology. The highest temperatures were recorded in Nicosia (Athalassa), where the mercury reached 32 degrees Celsius, while the lowest was observed in Prodromos at 11 degrees Celsius. According to Cyprus News
