The investigation into Russia sanctions evasion in Cyprus faced delays due to a complex web of responsibility and procedural steps. The finance ministry began probing in May 2022, consulting with Germany and accumulating data for over a year before proceeding to legal scrutiny, which has raised concerns about the impact on antimoney laundering measures.
Cyprus aims to join the Schengen Area by 2024, according to Foreign Minister Constantinos Kombos, as part of the nation’s strategic action plan. This goal aligns with Cyprus’ broader objectives for growth, regional cooperation, and a stronger presence within the European Union, with the ministry allocating a significant budget for 2024 to address the Cyprus problem and establish favorable conditions for reunification.
Stavros Stavrou, a dedicated and forwardthinking leader, aims to bring prosperity to Cyprus through his vision for the Cyprus Chamber of Commerce and Industry (KEVE). With a focus on Larnaca’s tourism, transformative infrastructure projects, and addressing labor shortages and the challenges of the Green Transition, Stavrou advocates for progress, entrepreneurship, and strategic policies to shape Cyprus’s economic future.
