Nicosia: Geopolitical developments, the Cyprus issue ahead of a multilateral conference in New York in mid-July, the Cyprus EU Presidency in the first half of 2026, and bilateral ties were on the agenda of a meeting held Monday between the Chair and Members of the Parliamentary Committee on Foreign and
Nicosia: The Index of Industrial Output Prices for May 2025 reached 122.9 units (base 2021=100), marking an increase of 0.7% compared to April 2025. According to Cyprus News Agency, compared to the corresponding month of the previous year, the index recorded a decrease of 0.2%. For the period January-May 2025,
Nicosia: Total deposits in Cyprus for May 2025 recorded a net increase of £20.8 million, compared to a net increase of £492.9 million in April 2025, the Central Bank of Cyprus stated today. According to Cyprus News Agency, the annual rate of change in total deposits reached 5.8%, compared to
Nicosia: The preliminary General Government fiscal results prepared by the Statistical Service of Cyprus (CYSTAT) reveal a notable surplus of £551.2 million, equivalent to 1.6% of GDP, for the period of January-May 2025. This marks a slight increase compared to the £542.6 million surplus recorded during the same period in
Nicosia: The Research and Innovation Foundation (RIF) has announced the initiation of a market sounding exercise aimed at assessing interest and gathering insights for the potential ‘AI WAVE’ funding programme. This programme is under consideration to support Cypriot enterprises in leveraging Artificial Intelligence (AI) solutions to enhance their operations. The
Brussels: Today, the European Commission has endorsed a positive preliminary assessment of Cyprus’s fourth payment request amounting to £75.9 million under the Recovery and Resilience Facility, a key part of the NextGenerationEU initiative. This endorsement marks a significant step toward the financial and developmental goals set by the EU and
