Waste plant seeks expert advice on finding buyers for ‘sludge’
Experts are expected on the island next week to help solve the problem of managing the refuse-derived fuel (RDF) produced by the Pentakomo waste treatment...
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EU extends Cyprus’ tonnage tax scheme, a ‘major achievement’ shipping industry says
The European Commission has approved the extension of Cyprus’ tonnage tax scheme, which applies to ship ownership, ship management and ship chartering activities. The extension...
New EU chief vows to fight climate risks (Update)
Germany conservative Ursula von der Leyen vowed on Wednesday to fight the threat of climate change while expanding economic growth as EU lawmakers’ granted final approval for...
Ministry pressing ahead with plans for Greek ferry service
The deputy ministry of shipping is working ‘intensely’ on a proposal to submit to the European Commission for the establishment of a ferry service to...
Cypriot European commissioner designate one step closer to appointment (Updated)
Commissioner designate Stella Kyriakides on Wednesday received the green light from a committee at the European Parliament (EP) to proceed to the next stage of...
Addressing inefficiencies in justice system ‘key to improving business environment’
Addressing inefficiencies in the justice system in Cyprus is key for improving the business environment and the enforcement of claims, the European Commission said on...
European Commission allocates €35.4m in aid for Turkish Cypriot community
The European Commission on Monday adopted an Annual Action Programme for a total amount of €35.4 million identifying new projects to facilitate the reunification of...
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...
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...
