Cyprus’ economy is thriving with Hellenic Bank’s profit up by 18%, a booming real estate market, a fiscal surplus of €702.5 million, rising industrial production by 6.1%, and positive stock market trends. The strategic focus on vocational education partnerships signals a commitment to future growth and innovation.
Changing Makarios Avenue from a oneway to a twoway street could jeopardize EU funds designated for urban mobility and sustainability. The current oneway system was implemented under EU stipulations, and any alteration might be seen as a breach of contract, potentially requiring funds to be reallocated.
Cyprus is moving forward to combat workplace violence by ratifying the ILO convention, with legislation to ensure a respectful and secure environment. This pivotal step showcases the country’s commitment to improving working conditions and protecting employees from harassment.
In Cyprus, banks are making impressive strides in repaying Eurosystem loans, signaling a shift towards selfsufficiency in liquidity management. With major institutions like Hellenic Bank and Bank of Cyprus decreasing their borrowing significantly, the banking sector is on a steady path towards financial autonomy and stability.
Don’t miss ‘P.S. Cyprus’ at the Faneromeni24 Arts Festival in Nicosia, Cyprus, a captivating play exploring the island’s history through foreign travelers’ accounts. Join the Valitsa Intra Portas ensemble on September 5 for a free theatrical experience merging the past and present, reflecting on the rich cultural identity of Cyprus.
Neighborly relationships have evolved from closeknit, familylike connections to more subdued interactions due to modern life’s pace, technology’s allure, and demographic changes. Yet, pockets of strong community bonds still exist in cities, showing the enduring essence of human connection and the need for a sense of community.
The EU is pressuring Cyprus to allow 70 migrants stranded in the buffer zone access to asylum proceedings, in line with international protection rights. Despite local concerns, the EU Commission emphasizes the need to respect the migrants’ fundamental rights under the Geneva Convention and the Charter of Fundamental Rights.
Clélia Chevrier Kolacko has assumed the role of France’s new ambassador to Cyprus, marking a significant moment in FrancoCypriot relations. With her expertise in Mediterranean geopolitics, her appointment is expected to bolster collaboration in trade, security, and cultural exchange, strengthening bilateral ties and addressing shared regional and global challenges.
An unexploded missile was discovered off the coast of Akamas Peninsula, Cyprus, prompting authorities to secure the area and dispatch a coast guard vessel for a delicate extraction operation. The investigation into the missile’s origins is ongoing, raising concerns about potential risks from past military activities in the area.
The north’s migration amnesty initiative offers undocumented jobseekers a chance to legalize their status by securing employment and paying a fine within a 60day window through the interior ministry’s portal, leading to over 1,400 applications since its commencement on August 5. The program aims to regulate the labor force, enhance security, and reunite families, emphasizing legal employment and humanitarian benefits while addressing workforce scarcity and migration concerns in the region.
