Kasoulides congratulates Cohen, expresses certainty that Cyprus-Israel coordination will continue to grow
Minister of Foreign Affairs Ioannis Kasoulides has congratulated newly appointed Israeli Foreign Minister Eli Cohen expressing certainty that the close cooperation between the two states will continue to grow. “Mazal Tov @elicoh1 for your appointment to head @IsraelMFA.
Retail trade turnover value records annual increase of 12.4% in November
The Turnover Value Index of Retail Trade for November 2022 increased by 12.4% compared to the corresponding month of the previous year, according to the Statistical Service of Cyprus. In a press release on the Turnover Index of Retail Trade Except of Motor Vehicles the CyStat says that for the same month, the Turnover Volume Index of Retail Trade increased by 2.4% compared to the corresponding month of the previous year. For the period January-November 2022, the value index is estimated to have recorded an increase of 11.3% and the volume index an increase of 2.0% compared to the same period of 2021, it adds.
Tuesday 03/01/2023
Swedish EU Presidency stresses need for “a common EU approach” and “common European action” on coronavirus
The Swedish Presidency of the Council of the EU stressed on Monday the need for “a common EU approach” and “common European action” following China’s decision to lift restrictions related to coronavirus and the increase in cases. In particular, the Swedish Presidency is convening a meeting of the Council’s Crisis Response Mechanism (IPCR) on Wednesday 4 January to discuss coordination on possible entry requirements into the EU.
The Single Market supported Europe’s economic and political power at a global level, says the EU Commission
The Single Market has led to an unprecedented market integration between Member States’ economies, serving as a driver for growth and competitiveness and supporting Europe’s economic and political power at a global level, said the European Commission in a statement on Tuesday, on the occasion of the Single Market’s 30th anniversary this year.
Cyprus’ external statistics deteriorate in the third quarter of 2022
The main indicators concerning Cyprus’ economic relations with foreign countries during the third quarter of 2022 showed a deterioration, according to the preliminary data of external statistics, released by the Central Bank of Cyprus (CBC). According to the preliminary balance of payments data for 2022 Q3, the current account balance of Cyprus recorded a deterioration, with the deficit increasing from €132.8 million in 2021 Q3, to €435.7 million, in 2022 Q3.
UK Cypriots highlight Erdogan’s “autocratic” ways and Cyprus’ wish for peace and stability in letter to PM Sunak
Members of the Board of British Cypriots, a Diaspora organisation based in London, has written to the UK Prime Minister Rishi Sunak to convey a New Year’s resolution for “peace, prosperity and stability” in Cyprus, Ukraine and around the world. The letter comments that Sunak’s rise to the highest political office of Britain is a timely reminder of the contribution of ethnic communities in the modern United Kingdom.
Foreign Minister to represent Cyprus President at Pope Benedict’s funeral
Minister of Foreign Affairs Ioannis Kasoulides departs on January 4th for Rome where he will represent the President of the Republic of Cyprus at the funeral of Pope Benedict XVI. According to a press release from the Ministry, the funeral will be held in the Basilica of Saint Peter in the Holy See, on Thursday morning. The Foreign Affairs Minister will return to Cyprus on the same evening.
Coordinated approach agreed by EU Health Security Committee on rising coronavirus cases in China
The EU’s Health Security Committee (HSC) agreed on Tuesday to promote a coordinated approach to the rise in coronavirus cases in China. In its conclusions, it says that all member states agreed on a coordinated approach to the changing COVID-19 situation in China and the implications of increased travel from China to Europe at the meeting of the Health Security Committee and that the overwhelming majority of countries are in favour of pre-departure testing.
President thanks Mitsotakis for his firm support to positions of principle on Cyprus issue
President of the Republic Nicos Anastasiades has expressed his gratitude to Greek Prime Minister Kyriakos Mitsotakis for his firm support to the positions of principle on the Cyprus issue. “My friend Kyriakos, I thank you for our excellent cooperation in all matters, but above all for your firm support for the principled positions on the Cyprus issue,” the President said on his twitter account.
Sustainable peace in Cyprus can only rest on the basis of a solid reconciliation, UN SG says in UNFICYP report
“Sustainable peace in Cyprus can only rest on the basis of a solid reconciliation. As long as the two communities remain apart and rely on divisive narratives to formulate their understanding of the other, it will be extremely difficult to achieve such reconciliation,” UN Secretary General Antonio Guterres says in an unofficial copy of his report on the peacekeeping force in Cyprus, diplomatic sources have said. Guterres finds that a surge in hard-line rhetoric on both sides has led to increased rigidity while the prospects for a mutually-agreeable settlement continue to fade.
Wednesday 04/01/2023
Permanent Representative of Cyprus to UN denounces Turkish violations in a letter to Guterres
The Permanent Representative of Cyprus to the UN, Ambassador Andreas Hadjichrysanthou, sent a letter to UN Secretary-General Antonio Guterres, denouncing Turkish violations of the national air and maritime space of the Republic of Cyprus, which occurred during the months of January-August 2022. The letter, dated December 13, was released on Tuesday as an official document of the Security Council and the UN General Assembly and according to it, a total of 560 air and 33 naval violations were observed during this eight-month period.
UN Security Council to meet on January 30 to renew UNFICYP mandate
On January 30, the UN Security Council will meet to renew the mandate of the UN Peacekeeping Force in Cyprus (UNFICYP), Japan’s Permanent Representative, Ambassador Kimihiro Ishikane, said on Tuesday, on the occasion of assuming the Presidency of the UN Security Council in January. According to a press release by the Press and Information Office (PIO), Ishikane’s statements were made at the headquarters of the international organisation, as part of a press conference on the work programme of the Security Council for the current month.
Prospects for reaching common ground on the Cyprus peace process “remain uncertain”, UNSG says in Good Offices report
Prospects for reaching common ground on the Cyprus peace process “remain uncertain” for the time being, says UN Secretary General, Antonio Guterres, according to an advance copy of the report on his Mission of Good Offices in Cyprus, reiterating that, demonstration of political will and flexibility “remains of paramount importance” for the future of the process. He notes that, a United Nations envoy to lead engagement with the parties could provide critical support and that, the UN’s engagement with the sides and the guarantor powers continues in this regard.
The latest news from the presidential election campaign trail
Candidates for the February presidential elections are intensifying their presence and interventions, with visits, meetings and statements on various issues. On Thursday the candidates will submit their candidacies, a month before the elections. Fourteen candidates will submit their candidacies tomorrow, as it was announced by the Chief returning officer, including two women.
Registered unemployed reach 16,132 at the end of December 2022
A total of 16,132 people were registered unemployed at the end of December 2022, according to the data kept at the District Labour Offices, the Cyprus Statistical Service (CyStat) has said. Taking into account seasonal variations according to the corrected data, which show the trend of unemployment, the number of the registered unemployed in December 2022 increased to 14,131 persons compared to 14,081 in the previous month.
Cyprus to launch grant schemes worth over €48 million in Q1 through “Cyprus tomorrow” plan
Cyprus will launch projects involving grants and subsidies worth over €48 million for both households and businesses in the first quarter of 2023 via the “Cyprus Tomorrow plan”, Government Spokesperson Marios Pelekanos said on Wednesday. Pelekanos said “Cyprus tomorrow” constitutes the legacy of the outgoing government incorporating the National Recovery and Resilience Plan amounting to €1.2 billion and the “THALIA” programme amounting to €1.8 billion which reflects the development strategy of the utilization of the resources allocated to Cyprus through the Cohesion Policy Funds for the period 2021-2027.
New loans up in November despite interest rates hike
Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. According to data released on Wednesday by the Central Bank of Cyprus (CBC), the increase in new loans is mainly due to loans to companies over one million and to a lesser extend to the increase in housing loans.
Thursday 05/01/2023
States should resolve maritime delimitation issues peacefully in accordance with international law, State Department says
Actions that risk heightening tensions in the Eastern Mediterranean should be avoided, says State Department representative in a response to a question from Greek journalists. The State Department spokesperson was replying to a question about reports that Greece is considering exercising its right to extend the country’s territorial waters to twelve miles south of Crete.
Member states agreed on coordinated precautionary approach in light of COVID-19 developments in China
The European Union member states agreed on a coordinated precautionary approach in the light of COVID-19 developments in China, the Swedish Presidency of the Council of the EU announced. These decisions were taken during a meeting of the Integrated Political Crisis Response (IPCR) mechanism of the EU, in the presence of the Schengen Associated Countries.
China must share data on epidemiological situation in a transparent way, Commissioner Kyriakides said
Health Commissioner Stella Kyriakides called China to share data on the current epidemiological situation regarding the virus that causes COVID-19 in a tweet. Kyriakides also underlined that the pandemic can only be tackled through cooperation at the level of the EU and globally.
Inflation for the year at 8.4%, it fell to 7.9% in December
Inflation for the period January-December 2022 recorded an increase of 8.4%, compared to the corresponding period of the previous year, according to data published by the Statistical Service of Cyprus on Thursday. For December, inflation fell to 7.9%. For the period January-December 2022, the largest changes in the Consumer Price Index, compared to the same period of 2021, were recorded in Housing, Water, Electricity, Gas and Other Fuels, by 21% and in Transport, by 16.3%.
The Industrial Turnover Index recorded an annual increase of 16.9% in October
The Industrial Turnover Index reached 180 units (base 2015=100), recording an increase of 16.9% in October 2022 compared to October 2021, according to data published by the Statistical Service of Cyprus, on Thursday. In manufacturing, the Industrial Turnover Index for October 2022 reached 171.5 units, recording an increase of 10.4% compared to October 2021.
Another four candidacies were submitted for the Presidential elections
Another four citizens officially submitted their candidacies on Thursday for the highest office of the Republic of Cyprus, by submitting their papers at Filoxenia Conference Center. Presidential candidate, Charalambos Aristotelous, following the submission of his candidacy today, said that he proposes an alternative way for development, based on short-term policies, and consequently short-term ones.
Cyprus leaders to attend dinner with Colin Stewart the week starting January 23rd
President of Cyprus Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar are going to attend a dinner to be hosted by Colin Stewart, UNSG Special Representative and Head of the United Nations Peacekeeping Force in Cyprus, sometime within the week that starts January 23rd, the Cyprus News Agency has learned. The dinner will take place at Stewart’s residence in the United Nations Protected Area in Nicosia.
Friday 06/01/2023
EU households spend 25% of their expenditure on Housing, water and energy, according to Eurostat
In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU. Compared to 2020, this category showed a decline of 0.5 percentage points (pp) in the EU and of 1.1 pp in Cyprus (down from 18.2%).
Cyprus annual inflation rate drops to 7,6% in December 2022 according to Eurostat flash estimate
Euro area annual inflation is expected to be 9.2% in December 2022, down from 10.1% in November according to a flash estimate from Eurostat, the statistical office of the European Union. The annual inflation rate in Cyprus was expected to drop to 7.6% in December, compared to 8.1% in November.
Saturday 07/01/2023
Erdogan’s “absurd intimidations” are “entirely unacceptable”, Senator Menendez says
Erdogan’s threats against Greece “are entirely unacceptable”, US Democrat Senator Bob Menendez has said, adding that “these absurd intimidations” must stop. The US Senate Foreign Relations Committee Chairman tweeted on Friday that “Erdogan’s continued threats against Greece are entirely unacceptable behavior for the leader of a NATO country.
Cyprus fifth in EU cohesion funds absorption, a “challenge” for same results on Recovery Fund, FinMin says
Cyprus ranks fifth among EU member states as regards absorption from the EU cohesion funds, Finance Minister, Constantinos Petrides, has said, noting that, that the “challenge” now is to record the same results on the Recovery Fund in the next four years. In a tweet on Friday, the Minister, citing a data chart on EU payments by country for the period 2014-2020, notes that, according to the latest data on absorption of Cohesion Funds, Cyprus is in 5th place (out of 28 countries), “with a rate of around 90%, while EU average is 78%”.
EU appalled by two executions related to ongoing protests in Iran, says EU Spokesperson
The EU is appalled by the execution of Mohammad Mehdi Karami and Seyyed Mohammad Hosseini, arrested and sentenced to death in connection with the ongoing protests in Iran, said the Spokesperson for Foreign Affairs and Security Policy of the EU Nabila Massrali in a statement on Saturday. “This is yet another sign of the Iranian authorities’ violent repression of civilian demonstrations”, she added.
Sunday 08/01/2023
Shipping Deputy Ministry organises hybrid webinar on the use of alternative fuels in shipping
The Shipping Deputy Ministry of Cyprus is organising on January 19 a hybrid webinar to analyse the opportunities, risks and prospects for the development and use of alternative fuels in shipping sector. According to a statement from the Deputy Ministry, the webinar will take the form of a live SWOT analysis where all experts from industry and academia will assess the strengths, weaknesses, opportunities and threats of fuels including hydrogen, ammonia, biofuel and methanol.
It is an important, historic moment for Cyprus, House President says about Archbishop’s enthronement
It is an important, historic moment for Cyprus, House of Representatives President Annita Demetriou said about the enthronement of new Archbishop of Cyprus Georgios. Demetriou was replying to a journalist’s comment to that effect after the enthronement ceremony which took place at Apostle Barnabas cathedral in Nicosia, on Sunday.
President wishes Archbishop Georgios a “long, fruitful and creative ministry”
The President of the Republic Nicos Anastasiades expressed his wishes for a “long, fruitful and creative ministry” to the newly enthroned Archbishop Georgios of Cyprus. President Anastasiades, who attended the enthronement ceremony of the Archbishop on Sunday afternoon at the Apostle Barnabas cathedral, in Nicosia, was responding to a comment by a journalist after the ceremony that today is a historic day.
Monday 09/01/2023
Foreign Ministry expresses sorrow for the accident at Kaffrine, Senegal
The Ministry of Foreign Affairs expressed sorrow on Monday over the tragic accident that took place in the early hours of Sunday near Kaffrine, Senegal with a post in French on its official Twitter account. “We express our great sadness at the tragic accident near Kaffrine, Senegal, which left many dead and injured.
Non-performing loans decreased by €32 million to €2.69 billion in October 2022
Non-performing loans (NPLs) at the end of October 2022 amounted to €2.69 billion, showing a decrease of €32 million compared to the previous month. According to updated data released on Monday by the Central Bank of Cyprus, with a reference date of October 31st, 2022, NPLs to total lending stood at 10.5% at the end of October, compared to 10.6% the previous month. In the same period, total loans fell to €25.66 billion, from €25.83 billion in September 2022.
Development of block 6 to proceed with a fast pace, Energy Minister says
The process concerning the development of natural gas deposits in block 6 in the Cypriot EEZ will proceed with a fast pace, Minister of Energy, Commerce and Industry Natasa Pilides has said, announcing the entry of French TOTAL in the field of renewable energy in Cyprus. Pilides who accompanied TOTAL’s vice president Laurent Vivier during a meeting with the President of the Republic Nicos Anastasiades, described the meeting as very constructive.
Trade deficit edges close to €7 billion in January – November 2022
Cyprus’ trade deficit climbed to €6.82 billion for the period of January to November 2022, marking an increase of 39% compared with the respective period of last year, according to provisional data published by the Cyprus Statistical Service (Cystat) on Monday. According to Cystat, total imports of goods in January–November 2022 amounted to €10,378.2 mn as compared to €7,928.1 in the respective period of last year, marking an increase of 30.9%.
Foreign Minister discussed issues of bilateral and European interest with German Foreign Policy Advisor
Foreign Minister Ioannis Kasoulides had the opportunity to discuss issues of bilateral and European interest with Foreign Policy and Security Policy Advisor Jens Plötner in Berlin on Monday. According to a post by Kasoulides on Twitter in German, his working visit to Berlin began “with a very fruitful and productive meeting with Foreign Policy and Security Policy Advisor Jens Plötner, a tour d’horizon of current issues on our bilateral and European agenda.”
Germany by Cyprus’ side in peace process says FM Baerbock, following talks with Kasoulides in Berlin
Germany stands firmly by Cyprus’ side as regards the Cyprus issue FM Annalena Baerbock said on Monday, following talks with her counterpart Ioannis Kasoulides in Berlin, in the framework of a working visit. She said that the UN decisions are the basis for dialogue, adding that Turkey’s stance for a two-state solution or any unilateral actions on her behalf, are not acceptable.
Tuesday 10/01/2023
Housing Price Index recorded an increase of 5.3% during Q3 of 2022
House Price Index (HPI) recorded an increase of 5.3% the third quarter of 2022, compared to the same quarter of 2021, according to preliminary estimate published by the Statistical Service on Tuesday. HPI for the thrird quarter of 2022 amounts to 112.51 units. Compared to the second quarter of 2022, the HPI increased by 5.8%. House Price Index is a quarterly index which measures the change in the average prices of residential dwellings.
Total motor vehicles registrations decreased by 2.7% in 2022
The total registrations of motor vehicles decreased by 2.7% to 33,795 in January-December 2022, from 34,716 in January-December 2021, according to data published by the Statistical Service on Tuesday. Passenger saloon cars decreased to 26,598 from 26,634 in January-December 2021, recording a fall of 0.1%.
Construction works for LNG import jetty to begin next week
Works for the construction of a jetty for the import of Liquified Natural Gas (LNG) for electricity generation in Cyprus will begin on next week, the Cypriot authorities said on Tuesday. The €315-million project, promoted by the state-owned Natural Gas Infrastructure Company (ETYFA) is considered as the largest energy project in Cyprus in the last years, and is expected to be completed by July 2023.
Cyprus expresses support to Brazil’s Lula following attack on government buildings by Bolsonaro supporters
Cyprus expresses its full support to Brazil and its President Luiz Inácio Lula da Silva, in a message posted by the Ministry of Foreign Affairs on Twitter following Sunday’s attack on government buildings by supporters loyal to former President, Jair Bolsonaro. Thousands of people ransacked Brazil’s Congress, the Supreme Court and the presidential palace, causing damages.
Wednesday 11/01/2023
President Anastasiades briefs Princess Anne on Cyprus issue and Turkish provocations
Cyprus President Nicos Anastasiades briefed on Wednesday Princess Anne of the United Kingdom on the Cyprus issue and ongoing Turkish provocations. Princess Anne, who is visiting Cyprus in order to meet and thank British peacekeepers serving in UNFICYP, had a meeting at the Presidential Palace, with President Anastasiades.
President Anastasiades briefs Princess Anne on Cyprus issue and Turkish provocations (2)
Cyprus President Nicos Anastasiades briefed on Wednesday Princess Anne of the United Kingdom on the Cyprus issue and ongoing Turkish provocations. Princess Anne, who is visiting Cyprus in order to meet and thank British peacekeepers serving in UNFICYP, had a meeting at the Presidential Palace, with President Anastasiades.
Foreign Ministry says UNSG’s reports on Cyprus follow the logic of equal distances
The UN Secretary-General’s reports on Cyprus follow a logic of equal distances, the Ministry of Foreign Affairs said in a press release, noting that nothing other than the agreed framework should be encouraged or pursued or registered by the SG’s representatives on Cyprus. The press release said the Ministry of Foreign Affairs has carefully studied the contents of the reports submitted by the UN Secretary General on his Good offices Mission and UNFICYP in Cyprus. In the past, it said, “we had communicated to the UN representatives in Cyprus and New York that we were expecting an objective and accurate record of the state of affairs in Cyprus over the last six months.”
Diplomatic efforts underway for the necessary corrections to the draft UNSG’s report on Cyprus, says President Anastasiades
President of Cyprus Nicos Anastasiades said that diplomatic efforts are underway for the necessary corrections to the draft UNSG’s reports so that they reflect reality. Speaking to reporters after arriving at CyBC for the New Year’s gathering, the President extended wishes for better days for Cyprus.
New Cypriot Ambassador and Swiss President discuss bilateral relations and Cyprus issue
The bilateral relations between Cyprus and Switzerland and the latest developments regarding the Cyprus problem, were discussed at the meeting of the new Ambassador of the Republic of Cyprus to Switzerland, with residence in Rome, Yiorgos Christofides, and the President of the Swiss Confederation, Alain Berset. Christofides, before the meeting, presented on January 10 2023, his Letters of Credence to Berset, as announced by the Ministry of Foreign Affairs. Afterwards. He conveyed the warm regards and wishes by the President of the Republic of Cyprus, Nicos Anastasiades, to Berset, for prosperity and progress of Switzerland and its people, as well as his congratulations for his election to the Presidency of the Swiss Confederation for the year 2023.
Increase in government employment by 1.2% in December 2022
Government employment increased in Cyprus by 632 persons (1.2%) in December 2022, in comparison to the corresponding month of 2021 and reached 53,686 persons. According to Cyprus’ Statistical Service, permanent staff decreased by 760 persons (-2.9%), from 26,226 to 25,466 persons.
UK Minister for Europe reaffirms support for Cyprus settlement “in line with UN parameters”
The UK Minister for Europe has reaffirmed the British government’s support of the UN efforts to reach a Cyprus settlement “in line with UN parameters”, as it would increase the prosperity of the island and strengthen the regional security and stability. In a response letter to the long-standing friend of Cyprus Theresa Villiers, a north London Conservative MP, Minister Leo Docherty reiterated that London “continues to advocate a solution in line with UN parameters based on the model of a bi-zonal, bi-communal federation with political equality – a model that is internationally accepted and one that we believe to be broad enough to address the concerns of both sides.”
Foreign Minister Kasoulides congratulates new Israeli counterpart
Cyprus-Israel relations are based on mutual respect and international law, without being a zero-sum game and without being affected by any normalisation of Israel’s relations with Turkey, Cyprus’ Foreign Minister Ioannis Kasoulides said on Wednesday during a telephone conversation with his new Israeli counterpart, Eli Cohen, on the occasion of his appointment. According to an official statement, Kasoulides contacted Cohen, whom he congratulated on his appointment.
Thursday 12/01/2023
Lack of common ground between the two sides for peace talks, says Guterres in his report on UNFICYP
UN Secretary-General Antonio Guterres’ report on the United Nations Peacekeeping Force in Cyprus, released on Wednesday night as an official document of the Security Council, number S/2023/3, records the lack of common ground between the two sides for peace talks leading to a mutually agreeable solution. In the report, the UN Secretary-General proposes that the Security Council extends the mandate of the mission for six months, until July 31, 2023.
Rising cost of living, poverty and migration the top concerns among Cypriots, EP Eurobarometer says
The rising cost of living, the threat of poverty and social exclusion, and the migration issue are Cypriots’ greatest concerns according to the European Parliament’s Autumn 2022 Eurobarometer Survey released on Thursday. According to the findings, the rising cost of living is currently the most pressing concern for 93% of Europeans, while poverty and social exclusion follow (82%).
The latest news from the presidential election campaign trail
Wednesday evening’s televised debate among seven of the 14 candidates was the focus of announcements by campaign offices on Thursday. Presidential hopefuls also continued their meetings, visits and interventions on various issues. Democratic Rally (DISY) president and candidate Averof Neofytou hosted on Thursday a working lunch for the Ambassadors of the Arab countries, Russia, Cuba and Brazil.
Building permits down by 4.9% in the first ten months of 2022
A decrease of 4.9% was recorded in building permits issued during the period January – October 2022, according to data from municipal authorities and district administrations. According to the Statistical Service of Cyprus, during the period January – October 2022, 6,347 building permits were issued compared to 6,671 in the corresponding period of the previous year, recording a decrease of 4.9%.
President briefed by Zelensky on developments in Russia’s invasion, reiterates Cyprus’ firm support to the people of Ukraine
President Anastasiades on Thursday received a telephone call by Ukraine’s President Volodymyr Zelensky who briefed him about the latest developments in Russia’s invasion in Ukraine. President posted a tweet saying that he reiterated that Cyprus, itself a victim of invasion and occupation by Turkey, stands firmly with Ukrainian people.
US F-16 possible sale to Turkey and tensions with Greece and Cyprus, in Congress report
The possible sale of F-16s to Turkey and tensions between Turkey and Cyprus and Greece are included in a US Congressional Research Service report on Turkey released on January 9, which outlines Biden administration support of the sale and opposition by “some members of Congress.” In particular, the report entitled “Turkey (Turkiye): Background and U.S. Relations”, features Greece and Cyprus alongside Russia, Sweden-Finland-NATO and the Middle East, as major issues which have to do with the US – Turkey relationship.
Friday 13/01/2023
Ongoing deliberations and contacts in New York over UN resolution renewing UNFICYP mandate
Colin Stewart, the UN Secretary-General’s Special Representative and Head of UN Peacekeeping Force in Cyprus (UNFICYP), who is in New York, is expected to brief the Security Council on January 17, ahead of a resolution renewing the mandate of UNFICYP. At the same time, Greek Cypriot negotiator for Cyprus, Menelaos Menelaou, also holds a series of consultations at UN headquarters.
President Anastasiades reiterates Cyprus’ support to Ukraine, during a phone call with Zelensky
President Anastasiades reiterated Cyprus’ support to Ukraine on Thursday, during a phone call with the Ukrainian President, Volodymyr Zelensky, according to a tweet by the President of the Republic of Cyprus. President Anastasiades mentioned on Thursday afternoon that he received a call by Zelensky, who gave him an overview of the latest developments in Russia’s invasion in Ukraine.
President Anastasiades to be received by King Charles at Balmoral Castle on Monday
Cyprus President Nikos Anastasiades is visiting Great Britain next week and will be received by King Charles at Balmoral Castle on Monday, a statement by the Head off his press office Andreas Iosif says. Iosif describes the meeting as important during which the President will brief King Charles about the latest developments in the Cyprus issue and Turkey’s provocations in the Eastern Mediterranean.
Ecompet Council outlines medium and long-term measures to tackle inflation
Cyprus Economy and Competitiveness Council (Ecompet) on Friday outlined a set of medium-term and long-term proposals to tackle inflation. The Council also announced that due to the seriousness of inflation it established a committee to propose a series of measures and policy directives aiming to tackle inflation both on a medium-term and long-term horizon.
Output Prices Index in Construction recorded a yearly increase of 11%, on Q3, 2022
The Output Prices Index in Construction for the third quarter of 2022 reached 129.53 units (base year 2015=100,00), recording an increase of 11%, compared to the same quarter of 2021, according to data published by the Statistical Service of Cyprus on Friday. The Index noted a marginal increase of 0.1% over the second quarter of 2022. By type of project, an increase of 12.4% was observed for buildings and of 6% for civil engineering projects in the third quarter of 2022 compared to the corresponding quarter of 2021.
The index of production in construction recorded a yearly decrease of 5% in Q3, 2022
The Index of Production in Construction during the third quarter of 2022 reached 178.22 units (base year 2015=100,00), recording a decrease of 5% over the third quarter of 2021, according to data published by the Statistical Service of Cyprus on Friday. By type of project, a decrease of 7.3% was observed for buildings and an increase of 10.5% for civil engineering projects in the third quarter of 2022 compared to the corresponding quarter of 2021.
The latest news from the presidential election campaign trail
Presidential hopefuls continued their meetings, visits and interventions on various issues on Friday less than one month before the February elections. Democratic Rally (DISY) President and candidate Averof Neofytou, met on Friday morning with Deputy Minister of Tourism of Greece, Sofia Zaharaki, who said they discussed developments in the field of hospitality in Greece and Cyprus.
Introduction of subjective views in UN reports does not satisfy Nicosia, says Foreign Minister
We did not appreciate at all the introduction of subjective views in the two reports of the Secretary General, one on his Good Offices and one on UNFICYP, in addition to objective facts, Foreign Minister Ioannis Kasoulides said on Friday, in reference to what he said was a thorough statement issued by the Ministry on the issue. In remarks on the sidelines of an event at the Foreign Ministry, Kasoulides spoke of subjective views “that allow not the Secretary General, but those who advise the Secretary General, to put us in the same boat in terms of rhetoric among the leaders of the illegal regime and Ankara.” “I find it unacceptable, as well as the reason why they judge that there is a gap because of the rhetoric, as they say, on both sides,” the Foreign Minister said.
EU Foreign Subsidies Regulation enters into force
The Foreign Subsidies Regulation (‘FSR’) entered into force on Thursday. According to the EU, this new set of rules for addressing distortions caused by foreign subsidies will allow the EU to remain open to trade and investment, while ensuring a level playing field for all companies operating in the Single Market.
EC registers new citizens’ initiative to end torture at Europe’s borders
?he European Commission decided on Thursday to register a European citizens’ initiative (ECI) entitled ‘Article 4: Stop torture and inhuman treatment at Europe’s borders’. The Initiative calls for a framework ensuring compliance with the prohibition of violence and inhuman and degrading treatments enshrined in Article 4 of the Charter of Fundamental Rights in relation to the EU policies concerning border controls, asylum and immigration.
Personal envoy of Foreign Affairs Minister concludes two-day visit to the Gambia
A wide range of issues aimed at promoting bilateral and multilateral cooperation between Cyprus and the Gambia was discussed between the personal envoy of the Minister of Foreign Affairs, Director of Middle East, Gulf and Africa affairs, Salina Shambos, and the Foreign Minister of the Gambia, Mamadou Tangara, during the former’s two-day visit to the country. A press release by the Ministry of Foreign Affairs of the Republic of Cyprus, states that Shambos’ two-day visit to the Gambia, “during which she held a series of productive meetings” concluded yesterday.
ECDC says risk of Kraken subvariant in EU is low for general population
The European Centre for Disease Prevention and Control (ECDC) has assessed the overall level of risk to the EU/EEA associated with the spread of the Omicron XBB.1.5 SARS-CoV-2 sub-lineage as low for the general population. According to a press release, in a Threat Assessment Brief released on Friday, the European Centre for Disease Prevention and Control (ECDC) assesses the overall level of risk to the EU/EEA associated with the spread of the Omicron XBB.1.5 SARS-CoV-2 sub-lineage as low for the general population, adding that the risk is moderate to high for vulnerable individuals such as the elderly and non-vaccinated and immunocompromised people, depending on their immunity against SARS-CoV-2.
Cyprus’ former Foreign Minister Lillikas awarded with highest decoration of French Republic
Former Minister of Foreign Affairs of Cyprus, Giorgos Lillikas, was awarded with the highest decoration of the French Republic on Wednesday. In a reception held at the residence of the French Ambassador, Lillikas was awarded the title of Chevalier de la Légion d’honneur.
Saturday 14/01/2023
UN Secretary General sees deterioration of climate in Cyprus, in second half of 2022
The climate between the two sides in Cyprus and vis-à-vis the United Nations has deteriorated, says UN Secretary General Antonio Guterres in his report for his mission of good offices in Cyprus from 15 June 2022 to 12 December 2022, that was circulated at the UN as an official document January 13.“In the absence of constructive or harmonized messages from the two leaders that could resonate with both communities, the climate between the two sides and vis-à-vis the United Nations has deteriorated”, says Guterres in the report that provides an update on the activities under the leadership of Deputy Special Adviser on Cyprus, Colin Stewart.
Sunday 15/01/2023
President of the Republic of Cyprus attends diaspora event in London
The President of the Republic of Cyprus Nicos Anastasiades attended a reception and dinner organised in his honour at a central London hotel on Saturday evening by the National Federation of Cypriots in the UK. The event also celebrated 60 years since the establishment of the Republic of Cyprus, although belatedly as it had to be postponed twice – once due to the pandemic and then for Queen Elizabeth’s death.
UN Security Council to adopt resolution on UNFICYP mandate end of January, MFA says
The United Nations Security Council is expected to adopt end of January a resolution extending the mandate of the peacekeeping force in Cyprus (UNFICYP) for another six months, until July 31, 2023 and to this end the procedures are already underway, the Spokesman of the Ministry of Foreign Affairs, Demetris Demetriou has told CNA. Demetriou reiterated that the Greek Cypriot side is not satisfied with the UN Secretary General’s reports which circulated as UN Security Council official document on January 13, because they adhere to the policy of equal distances and include subjective and non-objective views of the representatives of the Secretary General.
President Anastasiades to be received by King Charles at Balmoral Castle on Monday
Cyprus President Nikos Anastasiades will be received by King Charles at Balmoral Castle on Monday, a statement by the Head of his press office, Andreas Iosif, says. The statement notes that the President will brief King Charles about the latest developments in the Cyprus issue and Turkey’s provocations in the Eastern Mediterranean. Bilateral relations, climate crisis and energy crisis, following Russia’s invasion in Ukraine, will also be on the agenda.
Monday 16/01/2023
Economic and Competitiveness Council suggests more acquisitions and mergers to increase business competitiveness
Cyprus Economy and Competitiveness Council proposed the encouragement of acquisitions and mergers of Cyprus’ companies in order to improve their competitiveness. According to a written recommendation issued by the Council, the purpose is to create larger companies that could take advantage of economies of scale and become more productive and competitive, attract specialised personnel and become more extroverted and resilient.
Real estate worth €6 billion sold in 2022, says Cyprus’ Real Estate Registration Council
The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly “Real Estate Market Bulletin” of Cyprus Real Estate Registration Council. As stated in a press release of the Council, “against the challenges the real estate sector showed resilience and dynamism, which is reflected in the clearest way in the comparative sales of real estate by the Department of Lands and Surveys”.
EU approves Cypriot state aid scheme worth €500,000 euros for citrus producers affected by Russian invasion of Ukraine
The European Commission has approved a Cypriot state aid scheme to support citrus producers through compensations for additional costs brought about as a side effect of Russia’s invasion of Ukraine, it was announced on Monday. The aid, which will take the form of direct grants, will amount to a total of 500,000 euros for all beneficiaries, the Commission said in a press release.
President Anastasiades and King Charles discuss Cyprus problem, bilateral ties and Commonwealth matters in Scotland
The Cyprus problem, bilateral ties and matters to do with the Commonwealth agenda were discussed among others at a meeting Cyprus President Nicos Anasasiades had on Monday with King Charles III, in Scotland. Following the British monarch’s invitation, the meeting was held in his private residence of Birkhall, on the royal Balmoral estate.
Environmental tax revenue returns to pre-COVID-19 levels in EU and Cyprus
In 2021, environmental tax revenue in the EU returned to the level recorded before the COVID-19 pandemic according to data published by Eurostat, the statistical service of the EU. According to 2021 data, EU environmental tax revenue amounted to 325.8 billion euro (2.2% of the EU’s gross domestic product; GDP) compared with the 300.2 billion euro recorded in 2020.
Increase in renewables share in Cyprus faster than EU average in recent years, official says
The share of renewable energy in Cyprus in the period of 2015 – 2021 has increased at a faster pace compared with the EU average, Marios Panagides, Permanent Secretary of the Ministry of Energy has said. Speaking at the 13 assembly of the International Renewable Energy Agency (IRENA) held at Abu Dhabi on 13-15 January, Panagides said that according to the latest data the shares of renewables in Cyprus rose by 5.2% in the period of 2015 – 2021 compared with the EU average of 3.7%.
Amount of hazardous waste in EU still increases despite EU action, according to European Court of Auditors
Despite EU action to reduce its generation, the amount of hazardous waste generated in the European Union has continued to increase since 2004 according to the findings of review published by the European Court of Auditors. According to the findings, the EU faces a series of challenges in dealing with hazardous waste, which include the need to improve classification, ensure traceability, increase recycling, and combat illegal trafficking, which is still a lucrative business.
Tuesday 17/01/2023
UNSG Special Representative to brief Security Council ahead of UNFICYP resolution
Colin Stewart, the UNSG Special Representative and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP) is expected to brief Tuesday the Security Council ahead of the resolution for the renewal of the mandate of the Force and the reports on UNFICYP and SG’s good services. The Greek Cypriot negotiator for the Cyprus issue Menelaos Menelaou was also in New York for a series of contacts. The deliberations of the members of the Security Council on the resolution are expected to last approximately two weeks and the adoption of the resolution is set to take place end of January.
Tourist arrivals in Cyprus at 3.2 million in 2022 despite loss of Russian and Ukrainian market
For the period of January – December 2022, arrivals of tourists totaled 3,201,080, compared to 1,936,931 in the corresponding period of 2021, 631,609 in 2020 and 3,976,777 arrivals in the same period of 2019, announced the Statistical Service of Cyprus. In December 2022 alone, the tourist arrivals reached 110,041, compared to 96,928 in December 2021, recording an increase of 13.5%.
Cyprus residents returning from a trip abroad in December 2022 more than doubled
The number of Cyprus residents who returned to Cyprus from a trip abroad in December 2022 more than doubled compared to December of the previous year, data released by the Cyprus Statistical Service on Tuesday show. According to the data, a total number of 139,981 residents of Cyprus returned from a trip abroad in December 2022, compared to 61,010 in the corresponding month last year, recording an increase of 129.4%.
Cyprus Deputy Minister of Culture attends Davos Alliance meeting
Deputy Minister of Culture Yiannis Toumazis participated in the second Conference of European Ministers of Culture for the Davos Alliance, which took place, at the invitation of the President of the Swiss Confederation Alain Berset, from January 14 to 16, in Davos. A press release says that the the Baukultur Alliance of Davos was inaugurated during the Conference. Switzerland will hold the presidency of this Alliance for 5 years.
Colin Stewart briefs UNSC members on UNSG’s reports for UNFICYP and good offices mission in Cyprus
The UN Secretary-General’s Special Representative in Cyprus, Colin Stewart, briefed on Tuesday, in New York, the UN Security Council members on Antonio Guterres’ reports on the UN peacekeeping force in Cyprus (UNFICYP) and his good offices mission on the island. Stewart was asked after the closed deliberations about his briefing to the members of the Security Council, however he did not want to make any statement.
Wednesday 18/01/2023
A total of 561,033 people eligible to vote in February Presidential elections at 1,148 polling stations
The total number of registered voters who are eligible to vote in the upcoming Presidential elections is 561,033, Chief Returning Officer said on Wednesday. An official press release said this number includes 730 Turkish Cypriot voters and 240 enclaved voters.
Digital uptake important for productivity increase, UCy Economics Research Center analysis says
Digital adoption across economic sectors, will determine the path of future productivity growth, according to a productivity analysis by the Economic Research Center of the University of Cyprus (UCy). The analysis stresses the importance of digital uptake to increase productivity. According to the analysis on “Sectorial Labour Productivity Trends in Cyprus” between 2015 – 2021, the technology-intensive sectors experienced a productivity surge, whereas industries that rely on face-to-face contact performed the worst.
Harmonized Index of consumer prices increased by 8.1% for 2022, noting further decrease in December
The Harmonized Index of Consumer Prices (HICP) rose by 8.1% in 2022, compared to 2021. In December 2022, HICP rose by 7.6%, compared to the same month of 2021, noting a decrease of 0.8% when compared to November 2022. For the period January – December 2022, compared to the corresponding period of the previous year, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels, which increased by 21.5% and Transport by 14.2%.
The Price Index of Construction Materials increased by 17.21% in 2022
The Price Index of Construction Materials for the period January-December 2022 recorded an increase of 17.21% compared to the corresponding period of 2021. The increase of the index in 2022 over the previous year is mainly due to the increase in the prices of the following materials: PVC doors and windows increased by 45.41%, bricks by 30.08%, bitumen asphalt by 29.24%, plastic pipes and tubes by 28.51%, structural grid 28.12%, building iron 27.74%, iron rails 26.40%.
House President says international community must turn towards Turkey to cooperate for Cyprus solution
President of the House of Representatives Annita Demetriou has stressed that the UN and the entire international community must turn decisively towards Turkey in order to cooperate for a solution to the Cyprus problem. Demetriou, who received Wednesday the head of the Office of the United Nations Development Program (UNDP) in Cyprus Jakhongir Khaydarov, praised the work carried out by UNDP Cyprus and its important contribution to the implementation of development programs, for the benefit of the entire Cypriot people.
It is up to member states to implement EU sanctions policy, Commission spokesperson tells CNA
Implementing the sanctions policies of the European Union is up to the member states, with the European Commission providing guidance, Commission spokesperson Daniel Ferrie told the Cyprus News Agency, adding that there is close coordination also regarding sanctions’ circumvention. Responding to a question by CNA during the Commission’s midday briefing in Brussels, which referred to recent reports on people with Cypriot passports appearing on the EU’s list of sanctioned persons, , Ferrie said that “it’s up to EU member states to implement EU sanctions policy” and added that “we play a very important role in the Commission to help provide guidance to member states in implementing those sanctions or to sharing information or to addressing any sort of issues that may arise”.
The establishment of an independent court service will contribute to the efficient delivery of justice, Minister says
The establishment of an independent court service will contribute to the efficient delivery of justice, said Stefi Drakou, Minister of Justice and Public Order, at the Supreme Court on Wednesday. Drakou was speaking at the closing ceremony which formally marked the completion of a project on the establishment of an independent court service for the re-engineering of the court registries, funded by the European Union and the Council of Europe and implemented by the Council of Europe.
Cyprus FM expresses sincere condolences for tragic helicopter crash in Ukraine
The Ministry of Foreign Affairs expressed on Wednesday its sincere condolences for the tragic helicopter crash in Ukraine. “Profoundly saddened to hear the news of the tragic helicopter crash in #Brovary which claimed many lives including Minister #Monastyrskyi and other officials, civilians & children” the Ministry says on its twitter account. The Ministry expresses its sincere condolences to the grieving families and to the Government and people of Ukraine.
Thursday 19/01/2023
Security Council members say special envoy appointment would pave way for Cyprus talks, sources say
The appointment of a special envoy for the Cyprus issue will pave the way for negotiations between the two sides, members of the UN Security Council said during a closed session on Tuesday, diplomatic sources have told CNA. The proposal was put forward by representatives of France, Switzerland, Great Britain and China and as it was pointed out that such a move is necessary to move the negotiations a step further, the same sources said.
Swedish Ambassador expresses support to UN-led process on Cyprus, says any proposal for an EU envoy will be discussed by European Council
If a proposal for the appointment of an EU envoy on the Cyprus question is put on the table then it will be discussed by the European Council, the Ambassador of Sweden in Nicosia, Martin Hagström said on Thursday, at a press conference held at the EU House, during which he presented the priorities of the current EU Swedish Presidency. Asked whether the EU should get more engaged in efforts to resume negotiations for a Cyprus settlement maybe with the appointment of an EU envoy who we will deal with the Cyprus problem, the Swedish Ambassador stressed the EU support to the UN-led process for solution to the Cyprus problem.
ECB’s Supervisory Board Chairman highlights excellent cooperation with the Central Bank of Cyprus
Andrea Enria, Chairman of the Supervisory Board of the European Central Bank (ECB), highlighted the excellent cooperation with the Central Bank of Cyprus (CBC) during his visit to Cyprus on 17 and 18 January, part of his visit programme to the national supervisory authorities of the euro area. According to a statement issued by the CBC, during his visit to Cyprus Enria held meetings with the CBC Governor, Constantinos Herodotou and with the management team of the CBC’s Supervision Department, in addition to meetings with representatives of the Cypriot banking sector, with whom he had the opportunity to discuss supervisory issues.
Russia could not have expected Cyprus to disagree with Europe’s decisions, President Anastasiades says
President of Cyprus Nicos Anastasiades said Thursday that Russia could not have expected Cyprus to disagree with Europe’s collective decisions. The President, who paid a visit to the Open University Cyprus, in Nicosia, was invited by journalists to comment on Russian Foreign Minister Sergey Lavrov’s statement that the governments of Cyprus and Greece have been “transformed”.
Cyprus complied with EU sanctions, Finance Minister says in reply to a CBS report
Cyprus complied from the start with the EU sanctions against Russia, Finance Minister, Constantinos Petrides said in reply to a report aired by the CBS show “60 Minutes”. He clarified that Cyprus’ exposure to Russian capital is much smaller than the one suggested by the show and said that the network presented only part of his statement, calling this “unethical”.
Total amount of bad cheques issued in 2022 up by 62% in 2022
The total amount of the dishonoured cheques issued in 2022 is increased by 62%, according to data published by the Central Bank of Cyprus, regarding the Central Information Register (CIR). A total of €1,518,669 and 473 cheques were issued, compared to €933,945 and 363 cheques in 2021.
Friday 20/01/2023
The latest news from the presidential election campaign trail
Candidates continued their pre-election campaigns making interventions and statements on various issues. A couple of weeks ahead of the elections on February 5th, the candidates intensify their campaign with visits and meetings in all districts and campaign events. Chief Returning Officer announced that gallop results are not allowed seven days before the election date.
Cyprus-Greece Business Association undertakes initiative to establish an air connection between Larnaca and Alexandroupolis
Cyprus-Greece Business Association is undertaking an initiative to establish an air connection between Larnaca and Alexandroupolis next summer. A press release issued by the Association said that its Board has decided to reach out with the Eastern Macedonia-Thrace Region to air companies which carry out flights connecting Cyprus and Greece, asking them to establish an air connection between Larnaca and Alexandroupolis.
Energy consumption from renewables in Cyprus below EU average but significant progress made, Eurostat data show
In Cyprus, the share of gross final energy consumption from renewable sources was at 18.4% in 2021, below the European average of 21.8%, having however increased steadily since 2004 and the country’s accession into the EU, data released by Eurostat on Friday show. Compared to 2020, the share increased by 1.5 percentage points (from 16.9%). In 2019, the share had been at 13.8%. The share of gross final energy consumption from renewable sources at EU level reached 21.8% in 2021, marking a slight decrease of 0.3 percentage points (pp) compared to 2020 (the first decrease ever recorded).
Preserving fiscal space amid economic deterioration is crucial CBC Governor says
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine. Addressing an event held on Thursday by YPO Cyprus chapter titled, “The global debt trap – the implications for growth and possible solutions to tackle it,” Herodotou also called for increased vigilance to avert private debt defaults that would lead to increased private debt levels.
Cyprus and Austria have common line on migrants’ issue, Interior Minister says
Cyprus and Austria will submit specific proposals next week on issues of cooperation with third countries, on issues of migrant returns and voluntary relocation, announced on Friday Minister of Interior, Nicos Nouris. He was speaking after a meeting in Vienna with his counterpart Gerhard Karner.
Household consumption expenditure in Cyprus partly recovered after pandemic, according to Eurostat
In 2021, household consumption expenditure in the European Union increased by 4.2% compared with 2020, but was still 4.1% lower than in 2019 and the pre-pandemic period, according to data released by Eurostat, the statistical service of the EU. All the EU Member States recorded an increase in household consumption expenditure in 2021, compared with 2020.
Saturday 21/01/2023
President Anastasiades thanks China for its principled stance on Cyprus
President of Cyprus Nicos Anastasiades has pledged the country’s firm commitment to the One China Policy and said that Nicosia remains a staunch supporter of the integrity, unity and sovereignty of China, while thanking China for its unwavering support and principled stance with regard to the Cyprus issue. He made the remark in a letter this week to President Xi Jinping and Chinese people on the occasion of the Chinese New Year. In his message, President Anastasiades said he joined celebrations “on the joyous occasion of the Chinese Lunar New Year, the Year of the Rabbit, a symbol of good fortune, great ambition, bright future, wealth and prosperity” and wholeheartedly extended to Xi “and the friendly people of China, our most sincere and warmest wishes for a happy, prosperous and healthy New Year.”
Passing of Gabon’s Foreign Minister an “irreparable loss”, Nicosia says
The Foreign Ministry expresses Cyprus’ condolences to the government and people of Gabon for the passing of its Minister of Foreign Affairs, Michael Moussa Adamo. In a message, posted on Twitter, the Foreign Ministry speaks of an “irreparable loss.”
Sunday 22/01/2023
President expresses regret over non-return of Famagusta despite Greek Cypriot efforts
President of Cyprus Nicos Anastasiades expressed regret over the fact that Famagusta, the fenced off city since the 1974 Turkish invasion, has not been returned to its legal inhabitants according to UN Security Council resolutions 550 and 789. “Despite tireless efforts we were faced with Turkish intransigence,” Anastasiades said, while addressing a ceremony in Deryneia to reveal a sculpture commemorating the contribution of members and athletes of Evagoras gymnastic club to the nation’s struggles, as well as the fallen and those who went missing during the 1974 Turkish invasion.
Government has supported the fishing sector and blue growth, President says
The government with various policies and actions has supported with great sensitivity the fisheries sector and the prospects of blue growth, Cyprus President Nicos Anastasiades has said laying the foundation stone for the works to upgrade the Liopetri fishing shelter. The project will be completed in the coming November with a total cost of €11 million. Anastasiades called on the construction company to finish the project within the envisaged timeframe implementing “what has been a vision and a standing request by the region’s fishermen for decades.”
Monday 23/01/2023
Cyprus foreign trade significantly increases in first ten months of 2022
Cyprus’ foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports. In particular, according to the official data, total imports of goods in January-October 2022 amounted to €9,394.7 mn as compared to €6,991.0 mn in January-October 2021, recording an increase of 34.4%.
Turkey’s and T/c leader’s calls for a two-state solution are not new, President says
Both Turkey and Turkish Cypriot leader Ersin Tatar put in writing what they have long been aiming for, namely the creation or recognition of two separate states during an informal five-party meeting in April 2021 held under the auspices of the United Nations and calls for a two-state solution from Tatar are not new, President Nicos Anastasiades said on Monday. Invited to comment on Tatar’s interview published in daily Phileleftheros on Sunday, President Anastasiades said that the messages for a two-state solution sent both by Turkey and Turkish Cypriot leader are not new.
Cyprus’ Shipping Deputy Minister welcomes Royal Caribbean’s plans to open an office in Cyprus
Cyprus’ Shipping Deputy Minister, Vassilios Demetriades, welcomed on Monday Royal Caribbean’s plans to open an office in Cyprus, noting that this was “a tangible example of the way the Government turns a crisis into an opportunity”. In a written statement, Demetriades also welcomes Royal Caribbean’s decision to register one of its cruise ships, the Spectrum of the Seas, in the Cyprus Ships Registry.
Cyprus MP elected in important positions in PACE
Cyprus parliamentarian Kostis Efstathiou takes part in the works of the parliamentary assembly of the Council of Europe (PACE) in Strasbourg and was elected in important positions. A press release by the Cyprus parliament says that Efstathiou, who is member of the Cyprus delegation to the Assembly, during today’s first day of the deliberations, was elected unanimously in one of the positions of Vice President of the Socialist Group in the Assembly.
Cyprus contributes to support for Ukraine through helping with purchase of electricity generators, Kasoulides told FAC
Foreign Minister Ioannis Kasoulides briefed his EU counterparts on the assistance that Cyprus is providing Ukraine, in cooperation with Poland, to help the country purchase electricity generators, in an intervention during Monday’s meeting of the Foreign Affairs Council (FAC) of the European Union in Brussels. The main topics of discussion were the latest developments regarding Russia’s invasion of Ukraine, the security situation and the increase of terrorist activity in the Sahel and the coastal states of West Africa, according to a statement.
Tuesday 24/01/2023
As long as Turkey continues threats to Greece and Cyprus we will not approve sale of F-16s, US Senator says
The sale of F-16s to Turkey could only take place if Ankara abandons its aggressive stance towards Greece and Cyprus as well as other actions in the Eastern Mediterranean that are contrary to our national interests and national security, US Senator and chairman of the Senate Foreign Affairs Committee Bob Menendez has said. In an interview to Mega tv channel in Greece, Menendez said that “what we have seen is a Turkey that is threatening another NATO member country, the Hellenic Republic, and threatening it without justification, without cause,” reiterating his position that he will not move to approve the sale of F-16s to Turkey. Menendez said that in his mind “it would be problematic to sell military hardware when Turkey takes such actions and when it clearly manifests over and over again some of its intentions.”
We will continue to work towards Cyprus solution, UK Foreign Secretary says
UK Foreign Secretary James Cleverly has said that his government will continue to work towards a solution of the Cyprus problem, expressing the hope that the issue is resolved soon. Cleverly was addressing a traditional event to welcome the new year organised by the Conservative Friends of Cyprus in the Houses of Parliament in Westminster, on Monday evening, in the presence of a number of Conservative MPs.
European Commission announces launch for scholarship program for students and proffessionals in T/C community
The European Commission has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2023/24, with a budget of €5 million from the Aid Programme for the Turkish Cypriot community. According to a statement, the programme supports students, professionals and adult learners across the community, in in different areas and levels of education, also providing training and professional development, contributing to the objective of the Aid Programme to bring the Turkish Cypriot community closer to the EU, and to the the overall aim of contributing to the reunification of the island.
UN official meets with European Commission DG REFORM Director
UN Secretary General’s Special Representative in Cyprus, Colin Stewart, had a meeting on Tuesday in Nicosia with the Director of the European Commission DG REFORM, Judit Rozsa, and her delegation to the UN Protected Area to discuss current developments across the island and areas of collaboration. The UN in Cyprus said in a post on Twitter that “top UN official in Cyprus, Colin Stewart, welcomed the Director of DG REFORM of the European Commission, Judit Rozsa, and her delegation to the UN Protected Area to discuss current developments across the island and areas of collaboration.”
Kuwait stands by Cyprus its Ambassador assures House President Demetriou
House President, Annita Demetriou, received on Tuesday the new Ambassador of Kuwait to Cyprus, Abdullah Al Korafi, to whom she wished all the best during his tenure here. According to a House press release, the Ambassador underlined that his country maintains a stance of principles and stands by Cyprus, to which it offers every possible support as regards efforts to reach a settlement of the Cyprus problem.
Wednesday 25/01/2023
The latest news from the presidential election campaign trail
The election campaign continued on Wednesday with candidates’ visits and meetings and press releases and statements explaining their positions on issues concerning the economy, social issues and their governance programmes. Less than two weeks before the elections of February 5th, all candidates intensify their campaign and organize their last big events, trying to persuade voters.
EU – Russian trade records sharp decline due to sanctions after invasion of Ukraine, according to Eurostat
EU trade with Russia has been strongly affected following Russia’s invasion of Ukraine, with the EU imposing import and export restrictions on several products according to data published by Eurostat where the effects are particularly visible in the latest months. Considering seasonally adjusted values, both exports and imports dropped considerably below the levels prior to Russia’s invasion.
President of Kazakhstan attaches emphasis on enhancing political dialogue with Cyprus
The President of the Republic of Kazakhstan has attached emphasis on enhancing political dialogue between his country and Cyprus at the bilateral level, as well as within the European Union. According to a press release by the Foreign Ministry, the new Ambassador of the Republic of Cyprus to the Republic of Kazakhstan, Dr. Kypros Giorgallis, presented on Tuesday his credentials to the President of the Republic of Kazakhstan Kassym-Jomart K. Tokayev, at a ceremony held at the Presidential Palace in Astana.
First-time asylum applicants in EU up by 10% in October, Cyprus has 2nd highest rate per million population
First time asylum applications increased by 10% in the EU last October, compared to the month before, according to data released by Eurostat, the statistical service of the EU. Cyprus meanwhile, saw the second largest rate of new applications compared to its population, according to the same data.
Chief Returning Officer says that all necessary measures are taken to ensure the secrecy of vote
All necessary measures are taken to ensure the secrecy of the vote during the presidential elections that will take place in February, the Chief Returning Officer has stressed. In a press release it is noted that voters must check and make sure that the ballot paper given to them at the polling station has the official seal on the outside, otherwise, the ballot paper is invalid.
Investors take more risk than they can afford according to a CySEC survey
Investors are taking more risk than they can afford, a Cyprus Securities and Exchange Commission (CySEC) new survey has revealed. As a CySEC press release notes, one in four investors admit to investing more than they could afford to lose. Less than one in three investors check the websites of the financial regulator to find out if they’re buying from a legitimate company.
Procedures in place for blind people and persons with physical disabilities to be able to vote
Blind or physically disabled persons can vote by themselves, if they declare to the presiding officer that they are able to do so, according to the electoral law, the Chief Returning Officer has said. In a press release, he notes that voters who, due to blindness or other physical incapacity, cannot vote by themselves, may also request the presiding officer to assist them in exercising their right to vote, according to their wish, in the presence of one of the assistant employees of the polling station.
Thursday 26/01/2023
UN reject allegations in press report on Stewart’s statements as “wrong and unfounded”
The UN have rejected as “wrong and unfounded” allegations concerning what the UNSG’s Special Representative in Cyprus, Colin Stewart, said during a meeting in New York as regards the stance of the Greek Cypriot side in Cyprus. “We work closely with both sides impartially. We reject any allegations of bias.
Media reports on Stewart’s statements are wrong and unfounded allegations UN spokesperson tells CNA
Everything included in the Turkish Cypriot press article is wrong and unfounded allegations which we absolutely do not confirm, UN spokesperson in Cyprus Aleem Siddique told CNA, asked about Yeni Duzen’s article on what the UN Secretary General’s Special Representative in Cyprus, Colin Stewart, had said during a meeting in New York. “We reject all allegations of bias as wrong and unfounded. We work closely with both sides impartially,” Siddique said.
The latest news from the presidential election campaign trail
Candidates for the presidential elections that will take place on February 5th, continued on Thursday their pre-election campaigns with gatherings, meetings, visits and interventions on various issues. Presidential candidate and President of the Democratic Rally, Averof Neofytou, speaking in Pafos on Wednesday, said he will be the winner of next month’s presidential elections.
EU General Court decisions on Cypriot appeals against use of BBQLOUMI and GRILLOUMI expected in spring
The General Court of the European Union is expected to decide in April or May on two appeals submitted by the Foundation for the Protection of the Traditional Cheese named Halloumi against the use of word marks BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden, according to a press release by the Luxembourg-based Court of the EU. The two cases, currently under consideration by the General Court of the EU, were launched against the European Union Intellectual Property Office (EUIPO) and the two companies on February 24th and March 30th this year by the Foundation for the Protection of the Traditional Cheese named Halloumi (which was set up in 2013 by the Republic of Cyprus and the Cyprus Dairy Products Manufacturers Association). The first case (T-106/22) was brought against EUIPO and M. J. Dairies, based in Bulgaria.
UK Europe Minister reaffirms support for Cyprus settlement in line with UN parameters
The UK Minister for Europe Leo Docherty has stated that “the best way to address the situation in Cyprus remains through a just and lasting settlement on the island in line with UN parameters,” thus reaffirming London’s position. In a response letter to the Board of British Cypriots, the Minister added that “a settlement will increase the prosperity of Cyprus and strengthen the security and stability of the region.”
Policy Framework for sustainable financing allows access to additional sources of financing, FinMin says
The upcoming conclusion of the Policy Framework for the sustainable financing of Cyprus paves the way for sustainable financing, thus allowing the Republic of Cyprus to have access to additional sources of financing beyond the traditional ones, Minister of Finance Constantinos Petrides says in a written statement. In his written statement on the progress of the preparation of the Framework for the issuance of a Green/Social/Sustainable Bond (Project Mouflon), he says that the Council of Ministers was informed today about the progress of the project and the preparation of the necessary Framework for the sustainable financing and for the planned issuance of the first Sustainability Bond of the Republic of Cyprus.
MFA spokesperson calls on UNSG special representative to reject an article in Turkish Cypriot daily ‘Yeni Duzen’
MFA Spokesperson Demetris Demetriou called on UNSG special representative in Cyprus Colin Stewart to reject as baseless and false an article which appeared in Turkish Cypriot daily ‘Yeni Duzen’ and includes statements attributed to him about the Greek Cypriot side. In a post on his twitter account Demetriou says that since the article attributes to Stewart unprecedented and serious allegations against our side, “we expect him to reject the article as baseless and false”.
Negotiators of two sides meet for the first time in 2023 and assess course in technical committees
The negotiators of the two sides in Cyprus talks Menelaos Menelaou and Ergun Olgun met on Thursday morning for the first time after the holidays and the New Year celebrations and assessed the course of work in the technical committees. The meeting lasted for an hour and was attended by UNSG special representative Colin Stewart. Cyprus News Agency has learnt that the two negotiators discussed issues pending as regards the work of the technical committees and touched base after the holidays.
Commission sends two letters of formal notice to Cyprus over emissions and removal of online terrorist content
Cyprus is receiving two letters of formal notice, as part of the January infringements package announced by the European Commission on Thursday. The two infringement procedures are related to member states not meeting reduction commitments for several air pollutants, and the incorrect implementation of the EU Regulation on addressing the dissemination of terrorist content online.
We challenged UNSG representative to put the facts straight, says President
Cyprus President Nicos Anastasiades said on Thursday that we have challenged UNSG special representative to put the facts straight as regards statements attributed to him about the stance of the Greek Cypriot side in the negotiations. The statements were published in the Turkish Cypriot daily Yeni Duzen.
Lefteris Christoforou officially a new member of the European Court of Auditors
Lefteris Christoforou gave the solemn undertaking provided for in the Treaties as one of the new members of the European Court of Auditors in a formal sitting of the Court of Justice of the European Union in Luxembourg. Christoforou, an MEP with the European People’s Party since 2014, has joined the European Court of Auditors (ECA) with Jorg Kristijan Petrovic, Stef Blok, George Marius Hyzler, Laima Liucija Andrikiene and Keit Pentus-Rosimannus.
Friday 27/01/2023
All government departments ready for presidential elections, Chief Returning Officer says
Chief Returning Officer for the presidential elections set to take place on February 5, Costas Constantinou, has said that all competent departments and services of the Republic are ready to successfully respond to the mission assigned to them by the state on election day. Speaking during a seminar in Nicosia for the training of those who will preside over the polling stations in Nicosia, Constantinou said that he expects from everyone to work meticulously, responsibly and impartially.
The latest news from the presidential election campaign trail
Costas Constantinou, the Chief Returning Officer for the presidential elections set to take place on February 5, said on Friday that all competent departments and services of the Republic are ready to successfully respond to the mission assigned to them by the state on election day. Speaking during a seminar in Nicosia for the training of those who will preside over the polling stations in Nicosia, Constantinou said that he expects from everyone to work meticulously, responsibly and impartially.
Cyprus unites its voice against ‘heinous crime’ on the occasion of International Holocaust Remembrance Day
Cyprus is uniting its voice in proclaiming ‘Never Again’ on the occasion of the International Holocaust Remembrance Day and that such heinous crimes will not be repeated. In a press release to mark January 27, designated by the United Nations General Assembly as International Holocaust Remembrance Day, marking the anniversary of the liberation of the Auschwitz-Birkenau concentration and extermination camp in 1945, the Foreign Affairs Ministry reaffirms Cyprus’ commitment to international efforts to prevent the recurrence of such heinous crimes. On this solemn occasion, it notes, “we remember and honour the innocent victims of the Holocaust, six million Jewish children, women and men, as well as the hundreds of thousands of Roma and Sinti and others who were murdered in cold blood, in the name of the despicably inhuman Nazi racial ideology.”
Sales at petrol stations down 7.5% in December
Sales at petrol stations in December 2022 were down by 7.5% compared to December 2021, according to data released on Friday by the Cyprus Statistical Service. The total stocks of petroleum products at the end of December 2022 increased by 3.6% compared to the end of the previous month. In December 2022, the total sales of petroleum products amounted to 118,203 tonnes, recording a decrease of 8.7% compared to December 2021.
Economic sentiment in Cyprus further improves in January
?conomic sentiment in Cyprus improved further in January 2023, as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.9 points compared with December 2022. According to the Economics Research Centre of the University of Cyprus, the increase in the ESI-CypERC was driven by confidence gains in retail trade, industry and among consumers.
Colin Stewart has addressed concerns raised in meeting with Foreign Minister, says UNFICYP Spokesperson to CNA
Special Representative of the UN Secretary-General, Colin Stewart, has addressed the concerns raised regarding recent media reports, rejecting the allegations of bias, and underlined the UN’s commitment to continue working with both sides with complete impartiality, UNFICYP Spokesperson Aleem Siddique told CNA on Friday. Siddique said that during a meeting today between the Special Representative of the Secretary-General and the Permanent Secretary of the Ministry of Foreign Affairs, Kornelios Korneliou, “Stewart addressed concerns raised regarding recent media reports, rejecting the allegations of bias.
Stewart categorically rejected references attributed to him, Foreign Ministry says
The head of the peacekeeping force in Cyprus, Colin Stewart, has categorically rejected the references attributed to him following representations by the Ministry of Foreign Affairs. At the same time, he reaffirmed his and the UN Mission in Cyprus’ commitment to the impartial and objective exercise of their mandate.
President Anastasiades reaffirms collective duty to combat antisemitism
The President of Cyprus, Nicos Anastasiades, reaffirmed the collective duty to combat antisemitism in all its forms, on the occasion of the Holocaust Memorial Day 2023, on Friday. President Anastasiades shared a tweet stating that ”on the Holocaust Memorial Day 2023 we remember and honour the 6 million Jewish men, women and children who were murdered during the World War 2.”
Foreign Ministry welcomes the inclusion of Odessa, Maarib and the Tripoli International Fair in the UNESCO lists
Cyprus welcomes the recent inclusion of Odessa (Ukraine), Maarib (Yemen) and the Tripoli International Fair in the UNESCO World Heritage List and the UNESCO List of World Heritage in Danger, the Foreign Ministry said in a statement on Friday. According to the statement, this development, which underlines the unique architectural and historical value of the three sites for humanity, will allow them to be protected to the highest international standards and assist them to benefit from UNESCO’s conservation and restoration policies.
Commission begins infringement procedure due to absence of communication on transposition of EU directives against Cyprus and another 24 states
The European Commission has announced it has sent letters of formal notice to 25 of the EU’s 27 member states, including Cyprus, due to the absence of communication by Member States of measures taken to transpose EU directives into national law. However in one of the three infringement procedures that began on Friday, the only recipients are Cyprus and Slovakia.
Saturday 28/01/2023
UN Secretary General expresses full support to his Special Representative in Cyprus
The UNSG’s Special Representative in Cyprus, Colin Stewart, has Antonio Guterres’ full support, the UNSG’s spokesperson Stephane Dujarric has said. Dujarric was asked on Friday if as reported by Turkish Cypriot daily “Yeni Duzen”, Colin Stewart, blamed the Greek Cypriots for the impasse in the Cyprus problem and if there is a copy of his statements. of Crans-Montana ended inconclusively. CNA/MD/MK/2023 ENDS, CYPRUS NEWS AGENCY
Cyprus MFA condemns shooting at synagogue in Jerusalem
The Cyprus Ministry of Foreign Affairs has condemned the shooting at a synagogue in Jerusalem which left seven people dead. Posting on its twitter account the MFA says it is horrified by the heinous shooting on worshippers at a Jerusalem synagogue, causing several fatalities.
Justice Minister told her EU counterparts that collective approach is needed in fight against organized crime
Cyprus Justice Minister, Stephie Drakou, attended the informal Justice and Home Affairs Council in Stockholm, in the framework of EU Swedish Presidency and told her counterparts that collective approach is needed in the fight against organized crime. A press release says that discussions focused on fighting organized crime in the digital age and the challenges law enforcement faces in tracking down criminals and securing the necessary electronic evidence.
Cyprus-Greece to enhance cooperation on climate crisis and civil protection, Ministers say after a meeting
The expansion of Cyprus-Greece cooperation to deal with the climate crisis, civil protection and the green transition was discussed by the Minister of Foreign Affairs, Ioannis Kasoulides, with the Minister of Climate Crisis and Civil Protection of Greece, Christos Stylianides, in a meeting held on Saturday morning at the Ministry of Foreign Affairs in Cyprus. “Today we had the opportunity to exchange views on a wide range of issues, with an emphasis on the synergies that can be achieved between the governments of Cyprus and Greece, on matters of competence”, said Kasoulides, noting that the Director of the Forestry Department also attended the meeting, along with the head of the forest firefighting pilots of Cyprus.
Sunday 29/01/2023
Operation of Vasiliko Energy Center paves the way for full growth of degraded area in Larnaka, says President Anastasiades
Today marks a historic milestone for Larnaka region, President Nicos Anastasiades said, during the inauguration of the gas terminal of the VLPG consortium in Vasiliko area. He said that the operation of the gas terminal, marks the completion of the process of moving the oil, gas and asphalt facilities from the Larnaca waterfront to the Vasiliko Energy Center, noting that in addition to the numerous benefits for the local economy, the Energy Center paves the way to full development of an area of the city that has been degraded for decades.
Monday 30/01/2023
Electricity from renewable sources rises in Cyprus and EU, according to Eurostat
In absolute terms, the production of electricity from renewable energy sources in the European Union increased by almost 5% from 2020 to 2021 according to data released by Eurostat, the statistical service of the EU. However, gross electricity consumption also increased mainly due to economic recovery after lifting COVID-19 restrictions. As a result, the share of renewable energy sources in gross electricity consumption in the EU only increased by 0.1 percentage points (pp), from 37.4% in 2020 to 37.5% in 2021.
Forged euro banknotes in Cyprus record sharp increase of 113.7% in 2022
A total of 451 counterfeit euro banknotes have been withdrawn from circulation in 2022 in Cyprus, representing an increase of 113.7% compared with the previous year. According to data published by the European Central Bank in 2022 a total of 376,000 pieces of counterfeit euro banknotes of various denominations were withdrawn from circulation representing an increase of 8.4% compared with 2021.
Agriculture Minister outlines effects of Ukraine war on Cypriot market at EU Council in Brussels
EU Agriculture Ministers discussed the ways that market developments affect agricultural activity in the European Union, said Minister of Agriculture, Rural Development and Environment Costas Kadis after participating in the morning session of his last Agriculture and Fisheries Council as Minister on Monday. Kadis said that during the discussion it was generally agreed that farmers across the EU are being adversely affected by the impact of Russia’s invasion of Ukraine.
Industrial production in Cyprus rises by an annual 1.7% in January – November 2022
Industrial production in Cyprus marked an annual rise of 1.7% in the period of January – November 2022 mainly driven by the manufacture of textiles, wearing apparel and leather products. According to data released by the Cyprus Statistical Service (Cystat), on Monday, for November the Industrial Production Index reached 131.8 units (base 2015=100), recording an increase of 1.9% compared to November 2021.
Cyprus and Greece sign protocol for the cooperation of the two countries’ fire services
Cyprus and Greece signed a protocol for the cooperation of the two countries’ fire services, on Monday, in Nicosia, which formalises and strengthens the existing cooperation of the two bodies while this joint effort is to prepare the ground for regional cooperation. The protocol was signed by Cyprus’ Justice Minister Stephie Dracos and Greece’s Minister of Climate Crisis and Civil Protection, Christos Stylianides.
UN Security Council extends UNFICYP’s mandate for a year
The UN Security Council extended the UN Peacekeeping Force’s (UNFICYP) mandate for another year until January 31, 2024, on Monday instead for six months as was the case until now adopting resolution 2674 (2023), which was circulated as an official document. The UN Security Council extended the UN Peacekeeping Force’s (UNFICYP) mandate for another year until January 31, 2024, on Monday instead for six months as was the case until now, adopting resolution 2674 (2023), which was circulated as an official document.
Cyprus MFA welcomes adoption of UNSC resolution on UNFICYP
The Cyprus Ministry of Foreign Affairs on Monday welcomed the adoption by the UN Security Council of the resolution for the mandate of UNFICYP, the Peacekeeping Force on the island. The mandate is renewed for a period of 12 months, until January 31, 2024.
Cyprus third in EU in use of fossil fuels for energy in 2021, significant drop since 1990, according to Eurostat
In 2021, fossil fuels made up 70% of gross available energy in the EU, remaining at the same level as in 2020, according to data released by Eurostat, the statistical service of the EU. Cyprus had the third largest share in 2021 (88.83%), right after the Netherlands (89.12%).
Tuesday 31/01/2023
Appointing an envoy on Cyprus remains foremost on the mind of the UN Secretary-General, his Spokesperson says
The Security Council calls on the parties to come to an agreement so that the Secretary-General may appoint an envoy on Cyprus, said the UN Secretary-General’s Spokesperson, Stéphane Dujarric, adding that the issue remains foremost on the mind of Antonio Guterres. Dujarric also said that he did not think the Security Council’s position and the Secretary-General’s report contradict each other on the issue of the fenced town of Varosha.
Household debt at 77% of GDP, that of corporate at 150% at the end of September, CBC data show
The household debt ratio stood at 77% of Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the “Quarterly Financial Accounts” edition, for the reporting quarter ending September 2022. Over the same period, the debt ratio for non-financial corporations stood at 150% of GDP.
President Anastasiades satisfied with resolution extending mandate of UN peacekeeping force
President of the Republic Nicos Anastasiades has expressed satisfaction over the new Security Council resolution renewing UNFICYP’s mandate. He told reporters on Tuesday when invited to comment on the resolution that he believes “ it fully meets the demands of the Republic of Cyprus and international laws.
The index of industrial output prices recorded an annual increase of 22.4% in 2022
The Index of Industrial Output Prices showed an increase of 22.4% for the period January-December 2022, compared to the corresponding period of 2021, according to data published by the Statistical Services on Tuesday. For December 2022 the index reached 138.6 units (base 2015=100), recording an increase of 0.3% compared to November 2022.
Eurozone and EU GDP stable at 4Q 2022, Eurostat preliminary estimate shows
In the fourth quarter of 2022, seasonally adjusted GDP increased by 0.1% in the euro area and remained stable in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union, on Tuesday. In the third quarter of 2022, GDP had grown by 0.3% in both the euro area and in the EU.
Cyprus strongly condemns attack at mosque in Pakistan
Cyprus has strongly condemned the attack at the Peshawar mosque in Pakistan. The Foreign Affairs Ministry said in a post on its Twitter account that “Cyprus strongly condemns the horrific attack at the Peshawar mosque in Pakistan. Sincere condolences to the families of the victims & to the Government & people of Pakistan.
Cyprus remained the country with the highest level of NPLs in 2021, according to Eurostat
In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU. According to a press release, this was due to a large transaction in 2018, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred to a government unit.
Economic rationalism should not be ignored for the sake of other considerations, FinMin says
Economic rationalism should not be ignored for the sake of other considerations thereby maintaining a serious fiscal administration and continuity, Finance Minister Constantinos Petrides said on Tuesday. “The public service in Cyprus with the Finance Ministry at is frontline, constitute the backbone providing the conditions of a serious administration and a serious continuity, provided economic rationalism will not be ignored for the sake of other considerations,” Petrides told a press conference to take stock of the Ministry’s work during his term in office.
Source: Cyprus News Agency