Nouman Ali

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: The European Commission has expressed approval for the political agreement finalized between the European Parliament and the Council concerning the Commission’s proposal to review the bank crisis management and deposit insurance framework (CMDI). This reform marks a significant step forward in advancing the Banking Union, aimed at enhancing financial

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

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 Cyprus Department of Meteorology has issued a forecast indicating that a seasonal low pressure system combined with a warm air mass will impact the sea area of Cyprus. The weather is expected to remain mainly fine; however, increased low cloud cover, local mist, or fog patches may develop