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ANALYSIS-Pressure grows on China for big policy moves to fix economy
As the annual meeting of China’s parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to take bold policy decisions that...
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Anti-inflation measures cost around €296m
The government’s social policy has incurred a high cost since taking office in 2023, especially for implementing short-term emergency measures to tackle inflation....
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Phone ringing, debt ignored: Cyprus faces loan repayment hurdles
Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society. International...
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Ambassador Julie Fisher: Cyprus has an important role to play in countering its reputation
With Cooperation between the United States and Cyprus at what she calls ‘a historic high’ the US Ambassador to Cyprus, Julie Fisher, underscores the deepening ties...
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Non-performing loans plague Cyprus
Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society. International...
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Poland moves to summon central bank chief to state tribunal, PAP says
Lawmakers from Poland’s ruling coalition will submit a preliminary motion to put central bank chief Adam Glapinski before a state tribunal by the end of March,...
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Keynote Speech by the Minister of Environment, Dr Maria Panayiotou, at the Joint Forum for Security Cooperation (FSC) – Permanent Council Security Mee...
Keynote Speech by the Minister of Environment, Dr Maria Panayiotou, at the Joint Forum for Security Cooperation (FSC) – Permanent Council Security Meeting – Security...
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Cypriot Court Tosses Suits Over Bank Customer Accounts Confiscated
NICOSIA – Ten years after Cypriot banks confiscated nearly half the amount of bank accounts over 100,000 euros ($107,990) to prevent collapse, a court on Cyprus...
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Cyprus government achieves significant debt reduction in 2023
The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This...
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Russia denies US reports Moscow plans to put nuclear weapons in space
President Vladimir Putin said on Tuesday that Russia was against the deployment of nuclear weapons in space, and his defence minister flatly denied U.S. claims that...
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Central Government's debt down to €22.4 billion in 2023
The debt of the Central Government of Cyprus amounted to €22.4 billion at the end of 2023, representing approximately 99% of the total debt of the Republic of Cyprus....
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Cyprus delays 15% multinational tax enforcement
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member states. According...
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Court rejects six lawsuits on deposit haircuts
The Limassol District Court proceeded on Tuesday, February 20, to reject six joint lawsuits filed by six companies regarding deposit haircuts under the 2013 Credit...
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Cyprus government debt drops to €22.4 billion in 2023
Cyprus’ central government debt, comprising approximately 99 per cent of the total debt of the Republic of Cyprus, reached €22.4 billion at the end of 2023, according...
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EXPLAINER-Nukes in space: What have Russia and the United States said?
Unidentified sources in the United States say Russia is developing a space-based anti-satellite nuclear weapon but President Vladimir Putin said he opposes nuclear...
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Public debt decreases in 2023
The debt of the Central Government was shaped at €22.4 billion at the end of 2023, presenting a decrease of €689 million or 3% compared to the corresponding period last...
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Cyprus' steps towards complex tax transparency and the sector professionals’ perspective
Sector professionals consider tax transparency as one of the industry’s most significant issues, they revealed at the 7th Cyprus International Tax Conference. With...
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Renovation of Venetian watermill completed
The Venetian watermill and its aqueduct in Lefka have been restored, the bi-communal technical committee for cultural heritage announced on Tuesday. Meanwhile work on...
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Reforms needed to navigate the energy transition, CERA chief says
Chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas on Monday explained that significant reforms are needed in order to navigate the transition...
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Markidis: AI-supplemented Tax For All will be fully operational by summer 2025
The Tax For All service will be fully operational by the summer of 2025, Tax Commissioner Sotiris Markidis has said, noting the system will also utilise artificial...
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EU unveils stricter fiscal rules for member states
The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, collaboratively agreed...
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Aliyev: ‘TRNC president’ invited to Turkic states meeting
Azerbaijan President Ilham Aliyev said on Monday that “ the president of the TRNC will attend ” an upcoming summit of the Organisation of Turkic States (OTS) in his...
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Minister Kombos to support 13th Russian sanctions package
Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels on Monday. Kombos...
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UK property prices exhibit first annual increase since August
The prices of homes being put up for sale in Britain have risen in annual terms for the first time in six months as demand from buyers strengthened, according to an...
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Cyprus supports new package of sanctions against Russia, says FM
Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels. Speaking on...