Cyprus
Capital: Nicosia GDP growth (annual %) 2016 : 1.7%-
Greek Foreign Ministry criticizes Turkey over failure to reach agreement in latest round of talks on Cyprus
Greece's Foreign Ministry has criticized Turkey over failure to reach an agreement to settle the Cyprus issue in the new round of talks in Switzerland.
In a statement titled "Hard truths" and posted on Greek Foreign Ministry's website on Saturday evening, the ministry says "Turkey's conduct dashed any hopes anyone had that there would be a change in its stance. Just as Turkey abandoned the initial Conference, it torpedoed the second."
"We reiterate that Greece will continue to work relentlessly, with all means at its disposal, for a just and viable solution to the Cyprus problem, in close cooperation with the Republic of Cyprus, the UN and the European Union. And it calls on all of the parties to the Conference to show responsibility, respect for international law, and self- restraint," the statement concluded.
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Cyprus February Trade Deficit Widens
Cyprus' trade deficit for February widened from a year ago, figures from the statistical service showed Monday.
The trade gap widened to EUR 273.01 million from EUR 241.69 million in the same month last year.
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ETOA: Suspension of visa exemption status for US citizens "extremely unlikely"
The European Parliament voted on 2nd March 2017 to require the European Commission to suspend visa exemption status for US citizens.
In ETOA's view this is extremely unlikely to happen: the Council of the EU will object and the status quo will prevail.
The situation arises because, since 2014, citizens of Bulgaria, Croatia, Cyprus, Poland and Romania have needed a visa to visit the US. This means that there is not full reciprocity in treatment of EU and US citizens.
EU legislation provides for a 'delegated act' allowing the Commission to suspend exemption from visa requirements in the event of 'non-reciprocity.' This would apply to citizens of nations that impose visa requirement on EU citizens.
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- Key Facts
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Full name: Republic of Cyprus
Population: 879,000 (combined) (UN, 2010)
Area (combined): 9,251 sq km (3,572 sq miles)
Major languages: Greek, Turkish
Major religions: Christianity, Islam
Life expectancy: 78 years (men), 82 years (women) (UN)
Monetary unit: Euro from 1 January 2008; Turkish lira used in north
Main exports: Clothing, potatoes, cigarettes, pharmaceuticals
GNI per capita: US $29,430 (World Bank, 2010)
Internet domain: .cy
International dialling code: +357
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Brexit negotiations should treat energy as ‘special case’
2017/05/14There are strong practical reasons why the UK and EU should treat energy as a appropriate case during Brexit negotiations, argues a new statement.
The statement, jointly authored by Chatham Home, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas.
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Resilient mainstay of the Cypriot economy
2015/12/02Chairman of K. Treppides & Co., the major independent consulting firm in Cyprus, Kikis Treppides discusses the post-crisis evolution of Cyprus’ economy and the importance of professional services to its evolution.
The professional services sector has been a standout in the Cypriot economy. How would you define its importance and participation in the on-going economic recovery?
- Cyprus News
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- BUSINESS / TRADE: Greek Foreign Ministry criticizes Turkey over failure to reach agreement in latest round of talks on Cyprus
- STOCK MARKET / FINANCE: Cyprus February Trade Deficit Widens
- TOURISM: ETOA: Suspension of visa exemption status for US citizens "extremely unlikely"
- EDUCATION: Higher earning Why a university degree is worth more in some countries than others
- ENERGY: Cyprus, Egypt sign gas export pipeline deal
- ECONOMY: Europe in 2016: Terror fears, migration, politics. But economy may turn a corner
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