Some 62,000 Russian tourists to Cyprus despite sanctions

Some 62,000 Russian tourists to Cyprus despite sanctions

Fact: Despite the closure of European and Cypriot airspace for Russian aircraft and companies under sanctions, many Russians continue to arrive on the island for tourism mainly through third countries. As of November, there were 61,796 tourist arrivals from Russia, surpassing the number of tourists from European countries with direct air connections.

Slowdown in growth on geopolitical tensions

Slowdown in growth on geopolitical tensions

The growth prospects of the Cyprus economy are struggling due to ongoing regional geopolitical tensions, which is keeping the annual growth rate at a subdued pace. The year-over-year growth rate of the Cyprus Composite Leading Economic Index (CCLEI) has continued to slow down in November. The slowdown reflects the burdened geopolitical and unstable economic environment, which negatively affects the growth prospects of the Cypriot economy. The CCLEI recorded a year-over-year increase of 1.8% in November. The positive growth rate is attributed to the growth of various domestic sectors, including real estate, tourism, retail trade, and electricity production. The drop in the CCLEI is restrained by the international price of oil, which fell significantly in November. The components of the CCLEI are selected from a pool of domestic and international leading indicators.

NATO air forces scrambled over 300 times in 2023 due to Russian military aircraft

NATO air forces scrambled over 300 times in 2023 due to Russian military aircraft

In 2023, NATO air forces were scrambled over 300 times in response to Russian military aircraft. The majority of encounters were safe and professional, with breaches of NATO airspace by Russian aircraft being rare and short-lived. Most intercepts occurred over the Baltic Sea. Following Russia’s invasion of Ukraine, NATO reinforced its eastern flank air defenses. NATO fighter jets are on standby at all times to respond to suspicious or unannounced flights near the airspace of NATO allies. On the same day, Russia launched a major missile attack on Ukraine, resulting in civilian casualties and damage to residential buildings.

Russia says it downs four Ukrainian military aircraft

Russia says it downs four Ukrainian military aircraft

The Russian defense ministry claimed that its air defense systems shot down four Ukrainian military aircraft in the past 24 hours. This comes after Ukrainian President Volodymyr Zelenskiy announced that Ukraine had downed three Russian fighter-bomber jets. The specific aircraft shot down by Russia were three Su-27 fighter aircraft and one Su-24 tactical bomber in southeastern Ukraine. No further details were provided. The reports from both sides have not been independently verified by Reuters.

Russia says it downs four Ukrainian military aircraft

Russia says it downs four Ukrainian military aircraft

The Russian defense ministry claims to have shot down four Ukrainian military aircraft in the past 24 hours, while Ukrainian President Volodymyr Zelenskiy announced that Ukraine had downed three Russian fighter-bomber jets. The specific aircraft shot down by Russia were three Su-27 fighter aircraft and one Su-24 tactical bomber in southeastern Ukraine. No further details were provided. The reports from both sides have not been independently verified.