Cyprus receives first SAFE payment of €177.2 million
Cyprus received its first payment of €177.2 million on Thursday under the Security Action for Europe (SAFE) defence financing instrument, the European Commission has announced. The amount disbursed represents 15% of Cyprus’s total allocation of €1.2 billion. According to the Commission, this pre-financing payment will…
Tourist arrivals down 4.9% in May, drop of over 13% in first 5 months of 2026
Tourist arrivals in Cyprus reached 455,680 in May 2026 compared to 479,160 in May 2025, recording a decrease of 4.9%, according to data published on Wednesday by the Cyprus Statistical Service (CyStat). According to the official data, for the period of January…
Cyprus EU Presidency delivered results across the entire European agenda, says Raouna
Deputy Minister for European Affairs Marilena Raouna presented a concise overeview of Cyprus’ six-month Presidency of the Council of the European Union as she arrived at the final General Affairs Council (GAC) under the Cypriot Presidency in Luxembourg on Tuesday…
Bronze sculpture of Kyiv traveller who documented Cyprus unveiled in Larnaca
A bronze mini-sculpture of 18th-century Kyiv traveller Vasyl Hryhorovych-Barsky, who left one of the most detailed early descriptions of Cyprus, has been unveiled in Larnaca as a gift to the city from the Ukrainian community. According to an announcement by…
Final ECOFIN under the Cyprus Presidency seeks conclusion on CBAM, FinMin says
The exchange of views among EU Finance Ministers on the Carbon Border Adjustment Mechanism (CBAM) and the package on market integration and supervision is at the centre of the Economic and Financial Affairs Council (ECOFIN) meeting taking place on Friday…
Foreign investors already hold 36% of CSE market capitalization, its Chairman says
Approximately 36% of the CSE’s market capitalization is already held by foreign investors, a fact that reflects the international investment community’s confidence in the Cypriot market, said Marinos Christodoulides, Chairman of the Cyprus Stock Exchange Board, on Thursday, in his opening…
European Capital of Culture title to bring wide-ranging benefits to Larnaca, its DG says
The title of European Capital of Culture for 2030 will have a multiplier effect on Larnaca, Andreas Karakatsanis, General Director of the Larnaca 2030 Organization, told the Cyprus News Agency (CNA). He added that one of the key infrastructure projects is…
EU Commission in contact with Cyprus regarding aircraft interference
The European Commission will remain in contact with its counterparts in Cyprus regarding Sunday’s interference incident originating from the airport in Turkish occupied Tymbou, which was confirmed on Monday by the Republic of Cyprus, according to European External Action Service (EEAS)…
Upgrading cooperation with France gives Cyprus greater strategic depth, Palmas says
The upgrading of cooperation with France gives the Republic of Cyprus greater strategic depth and reinforces its role as a pillar of stability in the Eastern Mediterranean, said Defence Minister Vasilis Palmas, following the signing of the SOFA (Status of…
Cost of insularity reaches up to 36% of GDP per capita, Finance Minister says
The cost of insularity can reach as much as 36% of Gross Domestic Product per capita in some cases, and the EU Strategy for Islands contributes to the political recognition of this cost and the need to take it into account…
Koumis expects positive tourism results in second half of 2026
The tourism sector is moving towards recovery, Deputy Minister of Tourism Kostas Koumis said in a written statement issued on Thursday, expressing cautious optimism that the second half of 2026 will bring positive results. The Deputy Minister attributed the slowdown…
Presidents of Kazakhstan and Cyprus speak of landmark meeting in Astana
President of Cyprus, Nikos Christodoulides, described on Wednesday his visit to Astana as “historic” and spoke of an important landmark since the launch of diplomatic relations between Cyprus and Kazakhstan in 1992. He was speaking after meeting with President Kassym-Jomart Tokayev, and…
