The Council of Ministers has decided to approve the budget for the year 2025 and the Medium-Term Fiscal Framework 2025-2027, Finance Minister Makis Keravnos said in a statement after the Cabinet meeting chaired by President Nikos Christodoulides. He said that the budget’s expenditure for 2025 amounts to 10.13 billion euro,
President of the Republic of Cyprus Nikos Christodoulides highlighted the importance of the shipping sector for Europe’s geopolitical role, while addressing on Thursday evening a dinner hosted by the Cyprus Shipowners’ Association, in Athens. As he said, the significance that Greece and Cyprus attach to the shipping sector was reflected
The Cypriot government, the Municipality of Pafos, the Cyprus University of Technology (CUT) and the European Investment Bank (EIB) signed on Friday loan agreements amounting to pound 125 million, financing the further development of CUT and the construction of university student halls, assisting the efforts to tackle the challenge of
From Sunday 22 September to Thursday 26 September, Commissioner for Health and Food Safety Ms. Stella Kyriakides will be in New York to participate in the 79th session of the United Nations General Assembly. Her participation is part of the EU’s efforts to strengthen its commitment to multilateral cooperation to
At the end of June 2024, the non-performing loan (NPL) ratio in the Cypriot banking sector decreased further to 6.9%, representing pound 1.7 billion, down from 7.3% or pound 1.8 billion at the end of March 2024. The coverage ratio of NPLs with provisions also improved, reaching 55.0% (pound 0.9
Department of Meteorology Today’s weather and temperatures for Cyprus according to the Department of Meteorology Date 20/09/2024 Station TEMPERATURE (C) (FROM 20:00 PC of the previous one until the time of the show) Highest Lowest Humidity at 1200 UTC Nicosia (Athalassa) 33 (32.9) 18 (17.8) 31 Larnaka Airport 31 (30.8)
