Cyprus President Nikos Christodoulides and US President-elect Donald Trump have committed to enhancing the partnership between their countries during a phone call on Thursday. In an official statement, government spokesman Konstantinos Letymbiotis revealed that President Christodoulides congratulated Trump on his electoral success and expressed eagerness to collaborate closely with the incoming US...
Cash transactions exceeding €10,000 are now prohibited under a law passed by the Cypriot parliament on Thursday. The legislation, proposed by Disy MP Demetris Demetriou, introduces penalties that include fines and potential prison sentences for violations. The new law imposes a fine of up to 10% of the amount transacted in cash when the value exceeds €10,000 or its equivalent in another currency....
King Charles III has expressed his desire for the continued strong and cordial relationship between the United Kingdom and Cyprus. This sentiment was conveyed during a ceremony at Buckingham Palace on November 26, where Cyprus’ High Commissioner, Kyriacos Kouros, formally presented his credentials. During the event, High Commissioner Kouros extended greetings from Cypriot President Nikos...
Efforts are in full swing as Cyprus gears up for its Presidency of the Council of the European Union, set to begin in January 2026. Deputy Minister for European Affairs, Marilena Raouna, emphasized the heightened pace of preparations following Wednesday’s Cabinet meeting. Raouna highlighted December as a pivotal period, marking the release of the joint Priority Programme for the Trio Presidency, which...
The Cypriot economy has shown resilience in a challenging global environment and is expected to maintain this trend in the future, Central Bank Governor Christodoulos Patsalides said on Monday during a parliamentary review of the 2025 central bank budget. In his statement, Patsalides revealed that Cyprus is set to record the second-highest GDP growth rate in the European Union this year. For 2024, GDP...
On Monday, 745 students in need were provided with “love packages” filled with festive treats and entertainment, aimed at bringing some holiday cheer to their lives. Nicosia Mayor Charalambos Prountzos, along with members of the municipal council, representatives from Vali Amusements Ltd, the Peo trade union, and the volunteer group "Angaliazo me Agapi" (translated as “I Embrace with Love”),...
Christine Lagarde, President of the European Central Bank, has called on Europe’s political leaders to collaborate with Donald Trump by increasing their purchase of American-made products. She warned that a contentious trade war could jeopardize global economic growth. In her first interview following Trump’s re-election, Lagarde emphasized the importance of negotiation over retaliation. Trump has...
ndustrial output prices in Cyprus decreased by 0.6% in October 2024 compared to the same month in 2023, according to a statement from the Statistical Service. Over the January-October 2024 period, prices saw a larger drop of 2.0% compared to the corresponding period last year. The Index of Industrial Output Prices for October 2024 stood at 123.8 units (with 2021 as the base year), reflecting a slight...
Tourism revenue in Cyprus experienced a notable increase in September 2024, rising by 6% compared to the same month in the previous year. Data from the Statistical Service's Passengers Survey revealed that revenue reached €454.1 million in September 2024, up from €428.4 million in September 2023. For the period spanning January to September 2024, tourism revenue totaled an estimated €2,575.9...
A resolution has been reached to conclude the nearly month-long strike in the concrete sector. Trade unions announced on Sunday their approval of a proposal put forward by Labour Minister Yiannis Panayiotou. The deal is designed to renew the workers' collective labour agreement, but it still requires agreement from employers' associations. The strike, which began on November 7, centered on workers'...
