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Economic Reforms Amidst Regional Challenges: A Look at Cyprus in 2024

In 2024, Cyprus faces economic challenges due to regional conflicts, potential disruptions to the Suez Canal traffic, rising energy costs, and increasing prices of essential goods. Business leaders are urging the government to implement reforms such as digitalization of public services and reducing bureaucracy, while managing the public sector payroll. The Cyprus issue and the potential withdrawal of UN peacekeeping forces also pose threats to economic stability.

eu-turkey relations cyprus issue

Calls for Stricter EU Measures on Turkey Following Key Report

Members of the European Parliament from Cyprus are demanding stricter EU measures toward Turkey, including uniform enforcement of the customs union and Turkey opening its ports to Cyprus. They criticize the EU’s lenient stance compared to its swift sanctions against Russia, urging for consistent and immediate actions in response to Turkey’s actions in Cyprus.

greek-turkish relations cyprus issue

Greek-Turkish Relations: A Hopeful Turn for Cyprus

A key conversation between Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis signals a hopeful turn in GreekTurkish relations, potentially aiding Cyprus. Diplomatic progress, including talks of joint hydrocarbon exploitation and a focus on regional stability, suggests a cooperative future could be on the horizon, with benefits extending to Cyprus.

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