Nicosia: The 2026 surplus budget reinforces the economy’s steady growth trajectory, but further structural reforms are needed to contain the upward trend in inelastic spending, Central Bank of Cyprus (CBC) Governor Christodoulos Patsalides said Monday during the meeting of the House Finance Committee on the 2026 State Budget. According to
Nicosia: The Cyprus Department of Meteorology has issued a forecast for the sea area of Cyprus for the period from 1800 on October 13, 2025, until 1800 on October 14, 2025. The forecast covers an area extending 8 kilometers seawards and indicates that weak low pressure is affecting the region,
Nicosia: The picture of public finances is very satisfactory, Fiscal Council Chairman, Michalis Persianis told the Parliamentary Committee of Finance on Monday, at the start of the discussion on the 2026 state budget. However, he warned of external risks and potential expenditure that may cause uncertainty and could derail public
Nicosia: The Cyprus Stock Exchange (CSE) All Share Index concluded its recent stock exchange meeting with varied results across its indices. During the trading session, several indices registered changes in their respective values, reflecting diverse investor activity. According to Cyprus News Agency, the FTSE/CySE 20 Index recorded a marginal increase
Brussels: The European Commission has determined that while current State aid rules on guarantees remain pertinent, modifications and simplifications are needed for improved effectiveness. According to Cyprus News Agency, a Staff Working Document published by the Commission identifies areas requiring enhancements, particularly in estimating aid amounts, the complexity faced by
Luxembourg: Cyprus’ Deputy Minister of Migration and International Protection, Dr. Nicholas Ioannides, is set to participate in the EU Justice and Home Affairs Council (Home Affairs) in Luxembourg. The agenda includes discussions on returns to Syria and establishing a common system for the return of third-country nationals staying illegally in
