CySEC in Cyprus has made significant strides in enhancing antimoney laundering efforts in the crypto sector, aligning with FATF guidelines and implementing measures to regulate CryptoAsset Services Providers. This progress has been positively acknowledged by Moneyval, highlighting Cyprus’s commitment to robust financial oversight and international cooperation.
The new jetty in Gaza, nearing completion, aims to speed up the delivery of humanitarian aid from Cyprus to Gaza, ensuring vital support reaches those in need without delay, symbolizing global solidarity with the people of Gaza. Despite weather setbacks, construction progresses rapidly, with completion expected within days, facilitating swift aid flow amidst security concerns in the region.
Paphos has upgraded its public transportation network with a new bus terminal in Karavella, smart bus stops with realtime displays, and interchange stations at Paphos harbor and Tomb of the Kings Avenue. These improvements aim to provide efficient transit, boost tourism, and support sustainable travel in the city.
The Cyprus Industrial Turnover Index surged by 5.2% in February 2024, reaching 124.3 units, with manufacturing leading the growth at a 10% increase. This positive trend reflects a resilient industrial sector performance and sets a promising economic landscape for Cyprus going forward.
A 24yearold man was arrested in Larnaca for possessing an incendiary object and items linked to hooliganism during efforts to stop a riot near Antonis Papadopoulos Stadium. The police found a Molotov cocktail, bats, a hood, gloves, spray paint, and tape in his vehicle.
The Research and Innovation Foundation (RIF) unveils new research support initiatives with a hefty €14.5 million investment in scientific innovation. The Excellence Programme offers up to €200,000 for individual projects in life sciences, physical sciences/engineering, and social sciences/humanities, while the PostDoc Programme provides funding up to €150,000 for the former and €120,000 for the latter, aiming to bolster the next generation of researchers.
The International Pharos Chamber Music Festival is back in Kouklia, Cyprus, enchanting audiences from May 24 to June 1, 2023, at the UNESCO World Heritage site of the Royal Manor House. Worldrenowned musicians will grace the stage, promising a blend of cultural heritage, musical excellence, and timeless elegance.
María Ángela Holguín’s diplomatic mission to Cyprus aims to facilitate dialogue and reconciliation between Greek Cypriot and Turkish Cypriot communities, with highlevel talks planned with key political figures, including the newly elected President and Turkish Cypriot leader, to support a comprehensive settlement of the Cyprus issue. Holguín’s visit, set for May 7 to 14, signals a significant step in ongoing efforts to foster understanding and cooperation on the island, with broader engagements scheduled to address the complex dynamics of the Cyprus problem and garner international support, including from influential players like Russia.
The European Union is providing €1 billion in aid to Lebanon to combat its economic crisis, enhance border controls, and promote recovery. Meanwhile, the U.S. Congress is considering extending the waiver renewal period for the arms embargo on Cyprus, reflecting a shift towards a more stable partnership and recognizing Cyprus’ strategic importance in the Eastern Mediterranean region.
Russia has pledged support for the Cyprus peace talks, emphasizing a fair settlement based on UN resolutions. In Moscow, Foreign Minister Lavrov met with the UN Special Representative for Cyprus to discuss the island’s division and Russia’s role in facilitating negotiations between Greek Cypriots and Turkish Cypriots.
