Cyprus avoids excessive deficit procedure from EU
The European Commission will not open an excessive deficit procedure for Cyprus, despite the increase in the deficit brought about by the state guarantees provided
Home » European Commission
European Commission
EU report on Turkey ‘most critical’ since 2005 (Update 3)
Cyprus on Wednesday described the European Commission’s annual progress report on Turkey as “the most critical” since Ankara opened accession negotiations with the bloc in
EC announces €3m innovation project for TC community
The European Commission announced Friday the start of the EU funded Innovative Entrepreneurship and Dialogue, a €3m project that is part of the economic development
House releases funds for tougher checks on passport buyers
The House finance committee on Monday released €1.4m that will be used to hire a specialised firm to carry out enhanced due diligence on people
European Commission funding for bicommunal committees
A European Commission mechanism offering financial support of the bicommunal technical committees to the tune of €1 million over two years has been set up.
Handling of co-op bank ‘not too bad’
Decisions regarding the co-op bank in Cyprus might have been different, a senior European Commission official told MPs on Tuesday, but noted that the option
Risks seen from Gesy, public wage bill
DESPITE ITS strong growth, the Cypriot economy still has key vulnerabilities, like the high level of bad debts, which could be compounded by the worsening
EU Commission lists ‘excessive imbalances’ in Cyprus’ economy
Cyprus faces ‘excessive’ budgetary imbalances, the European Commission said on Wednesday in its winter package report approved by the College of Commissioners and presented in
EC funding coming through for park linking both sides
The go-ahead has been given for the construction of a five-kilometre linear park along the Pedieos River in the north aiming to bring the two
Estia green light from Brussels, not considered ‘state aid’
The European Commission on Monday approved, under EU state aid rules, Cyprus’ controversial Estia scheme to support private households and small businesses that have
EU executive rejects Italian 2019 draft budget
The European Commission rejected on Tuesday Italy’s draft 2019 budget because the plan breaks EU rules in an “unprecedented” way and asked Rome to submit
EU official holds meetings over cybercrime
European Commissioner for the Security Union Julian King is set visit Cyprus on Tuesday and meet with Justice Minister Ionas Nicolaou. The two are set
European Commission sees rising fiscal risk in Cyprus
Fiscal risks to Cyprus’ outlook have increased considerably due to the uncertainties surrounding the sale of the Cyprus Cooperative Bank and the associated government bond
EU parliament urges Commission to act against Poland
Five of the main political groups in the European Parliament urged the European Commission on Thursday to open infringement proceedings against Poland and to take it to
Former English School student back for presentation
EU Back to School is an inter-institutional initiative whereby European Union officials go back to their former secondary school in their hometown, and discuss their work
EU Commission regrets Afrika violence
The European Commission is aware of the intimidation of Turkish Cypriot newspaper Afrika and regrets the violence of protesters against the newspaper’s offices, EU Commissioner
EU officials on visit to monitor use of fragile protected areas
In the wake of heated protests over development in a protected area near Peyia, representatives of the environmental branch of the European Commission are
Cyprus cannot afford to become complacent, EU officials tells MPs
Despite the economic recovery, Cyprus cannot afford to get complacent in regard to necessary structural reforms, a senior European Commission official told local MPs on
Harshly critical, EU tells Turkey to commit to neighbourly relations
The European Commission on Tuesday urged Turkey to commit itself unequivocally to good neighbourly relations and the peaceful settlement of disputes, while the EU’s top
Government aims to double industry’s share of GDP by 2030
The government on Monday announced the launch of a long-term industrial strategy policy, aiming to double industry’s share of gross domestic product by the year