Nicosia: The Central Bank of Cyprus (CBC) has reported an improvement in external statistics, including the balance of payments, international investment position, and external debt for 2024, according to the provisional data released on Monday. According to Cyprus News Agency, Cyprus’ current account balance recorded an improvement, with the deficit
Nicosia: The European Commission representation in Nicosia has announced an organized effort to prepare for the anticipated wildfire risks during the upcoming summer months. According to Cyprus News Agency, the EU is assembling firefighting teams and deploying a fleet of aircraft to support European countries that are likely to be
Nicosia: Unemployment in both Cyprus and the EU dropped in 2024 according to Eurostat, the statistical service of the EU, with decreases recorded also in the long-term unemployment rate as well as youth unemployment. According to Cyprus News Agency, the unemployment rates in Cyprus and the EU were the lowest
Nicosia: The Economic Sentiment Indicator (ESI) in Cyprus experienced a decline of 1.5 points in May compared to April, primarily due to a further weakening in business confidence within the services sector. This is according to figures released by the Economics Research Centre of the University of Cyprus (CypERC). According
Nicosia: Cyprus’ accession to the Schengen Area will primarily strengthen security in the country, the President of the Republic, Nikos Christodoulides, stated on Monday. He emphasized that from the Government’s perspective, there are no concerns about ‘a hard border’ in relation to the Green Line. According to Cyprus News Agency,
Brussels: Deputy Minister for European Affairs Marilena Raouna will participate in the deliberations of the General Affairs Council of the European Union that will take place on May 27th. Raouna will also have a series of meetings in the context of preparations for the assumption of the Cyprus Presidency of
