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All Posts in Category: News

Cyprus Starts the Process of Joining Schengen

The Republic of Cyprus has announced that it has formally started the process of joining the Schengen area. This revelation marks the country’s first step towards Schengen membership and could in time make it a destination that many European’s may travel to passport-free. The move was announced by Cyprus’s Foreign Affairs Minister Nikos Christodoulides during a session of the country’s House Committee…

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Cyprus says pays off 2011 Russian debt

Cyprus has fully repaid a loan it secured from Russia in 2011, its finance minister said on Monday, a debt assumed by the island’s former communist-led administration to keep it afloat at the peak of a financing crisis. “A short while ago the Russian loan was fully paid off,” Finance Minister Harris Georgiades said on…

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