NICOSIA: Twenty-five years after the euro was introduced, the Central Bank of Cyprus has emphasized the transformative potential of a digital euro in addressing the current fragmentation in the euro area’s digital payment systems. The euro, which once unified different European nations under a single currency, now faces challenges in
Thessaloniki: Cyprus President Nikos Christodoulides is in Thessaloniki for a series of important events, beginning with the inauguration of a preserved bust of EOKA hero Kyriakos Matsis at Aristoteleion University. This visit marks a significant moment in honoring historical figures and strengthening ties between Cyprus and Greece. According to Cyprus
Nicosia: Cyprus is committed to achieving the goals of green growth and reducing emissions, through the adoption of innovative agricultural practices and strengthening the circular economy, Minister of Agriculture, Rural Development and Environment, Maria Panayiotou said Thursday. She also noted that protection of the environment, climate action, and the rational
Nicosia: Industrial output prices recorded a new drop in September with the Index dropping by an annual 1% in September, the Cyprus Statistical Service (CyStat) said on Thursday. The Index of Industrial Output Prices for September 2024 reached 123.4 units (base 2021=100), recording a decrease of 0.4% compared to August
Brussels: The European Commission has initiated formal proceedings to investigate whether Temu, a designated Very Large Online Platform, has breached the Digital Services Act (DSA) in several areas including the sale of illegal products, the service’s potentially addictive design, purchase recommendation systems, and data access for researchers. According to Cyprus
Nicosia:The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates in the context of the easing of monetary policy by the European Central Bank (ECB), the ACB’s President Aristides Vourakis said, noting that ECB rate
