Secretary of State Anthony Blinken said the U.S.-Cyprus partnership is growing stronger, deeper and broader, and that Cyprus is “an important player in the region and a partnership for the United States that we deeply value.” A bilateral agreement was also signed bringing Cyprus closer to being included in the visa waiver programme for entry … Read more
A Polish soldier died on Thursday after he was stabbed on the border with Belarus by migrants trying to cross into the European Union, the army said, while Warsaw said it would demand Belarus hand over the person responsible for his death.The border has been a flashpoint since migrants started flocking there in 2021, after … Read more
President Nikos Christodoulides has been briefed about the meeting of the UN secretary general with his personal envoy. The Turkish Minister of Defence, Yasar Guler, made a provocative statement regarding the Turkish troops’ “peace operation” in Cyprus. The Greek Cypriot side is steadfast in requesting the resumption of talks, despite indications that negotiations may not be positive. The UNSG will also meet with Greek Foreign Minister George Gerapetritis to convey specific messages on behalf of the Republic. Turkish Cypriot leader Ersin Tatar claimed that peace prevailed on the island in 1974 and that the Turkish Cypriots made significant gains. Turkish Cypriot MPs participated in discussions at the Parliamentary Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.
Fact: The governments of Cyprus and Egypt signed a memorandum of understanding to facilitate Egyptian nationals wanting to work in Cyprus.
The Rafah border crossing cannot operate unless Israel returns control to the Palestinians, according to Egyptian Foreign Minister Sameh Shoukry. Israel took over the crossing last month during its offensive against Hamas in Rafah, which serves as the only connection to the outside world for Gaza’s residents. Shoukry emphasized the importance of the 1979 Egyptian-Israeli peace treaty for regional security and stability. Egypt suggested European monitors at the border if Palestinian authorities resume control. Israel is attempting to destroy tunnels between Gaza and Egypt used by Hamas, but Egypt denies their existence. Shoukry urged Hamas and Israel to accept a ceasefire proposal from U.S. President Joe Biden. Israel has accepted the framework deal for ending the Gaza war but believes it requires more work.
Greek Foreign Minister George Gerapetritis will be in New York to discuss Greece’s participation in the UN Security Council and meet with counterparts from other countries also running for non-permanent member state seats. Greece is seeking its third membership in the security council for the period 2025-2026.
Recognizing the State of Palestine is fully in line with international law and UN resolutions, serving as an opportunity to revive the peace process between the two sides, according to Palestine’s Minister of Foreign Affairs and Expatriates, Dr Varsen Aghabekian Shahin. This recognition empowers the Palestinian government to fulfill its duties and address the daily needs of its citizens.
Former UN envoy to Cyprus Alexander Downer met with Turkish Cypriot leader Ersin Tatar to discuss the need for new and creative ideas around the Cyprus problem. Discussions on a federation have not yielded a solution, and negotiations on this basis have been exhausted. Tatar emphasized the importance of confirming sovereign equality and equal international status before official negotiations can begin.
Cyprus and Greece are pushing the European Union to prioritize its own defense industry in providing military aid to Ukraine. Despite an existing agreement allowing arms purchases from non-EU countries, the two countries argue that aid should benefit the European defense sector. Hungary is currently hindering the release of a €500 million package from the European Peace Facility intended for Ukraine’s military, citing concerns about discrimination against Hungarian companies in Ukraine as a reason for blocking the disbursement. Discussions are ongoing to bypass a potential Hungarian veto and expedite the flow of funds to Ukraine.
– Prime Minister Rishi Sunak called a summer election in the UK, surprising many and giving a modest boost to the pound.
– Keir Starmer’s Labour Party has been leading in opinion polls since Sunak took power in 2022.
– UK equities tend to be quite flat in the six months after a national election, with the FTSE 250 outperforming the FTSE 100.
– The pound is sensitive to election time, reflecting international investor opinion about the UK and expected government policies.
– Sectors like Natwest Group, housebuilders, and the water sector will be under scrutiny during the election.
– Bond market investors will closely examine the two parties’ spending plans, especially Labour’s, to ensure bond market stability.
– Credit default swap markets currently price the UK as if it had a higher credit rating than it actually does.