Nicosia: The Central Bank of Cyprus (CBC) maintains the countercyclical capital buffer rate at 1.5%. According to Cyprus News Agency, a statement was issued on Thursday stating that, in line with the Macroprudential Oversight of Institutions Laws of 2015 to 2022, CBC found it suitable to keep the countercyclical buffer
Nicosia: The European Commission has awarded 15 grants totaling over 2 million euros to civil society organisations in Cyprus. This initiative is part of the ninth Cypriot Civil Society in Action grant scheme, which was launched in 2024 to support the enhancement of trust, dialogue, and cooperation among civil society
Brussels: The European People’s Party expressed its support for efforts to resolve the Cyprus issue in a statement issued on Thursday following its summit attended by the President of the Republic, Nikos Christodoulides, before the European Council meeting in Brussels. According to Cyprus News Agency, President Christodoulides suggested during a
Brussels: Cyprus President, Nikos Christodoulides, announced on Thursday that Cyprus has proposed a significant initiative for the European Union to consider suspending or potentially cancelling certain taxations, particularly those linked to the green transition, to avoid negatively impacting EU competitiveness. The President made these remarks during a European Council meeting
Limassol: The Cyprus Shipping Chamber welcomes the entry into force of the Hong Kong International Convention for the safe and environmentally sound recycling of ships, which will become effective as of today, 26 June 2025. According to Cyprus News Agency, this Convention represents the first global legal framework that ensures
Brussels: An addition to the Chapter on EU Security and Defence in the European Council conclusions was made at a request submitted by Cyprus and Greece, CNA has learned. According to Cyprus News Agency, government sources have indicated that the second half of the sentence “The European Council underlines the
