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Cyprus is intensifying efforts to position itself as a European and regional centre for investment, technology, energy, transport and trade, with President Nikos Christodoulides saying that substantive foreign direct investment (FDI) increased by approximately 10 per cent in 2025 compared with the previous year. Speaking on Wednesday at the EY Cyprus Future Realised Forum in Nicosia, Christodoulides said the rise in investment activity was reinforcing confidence in the countr

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions targeting individuals, companies and networks connected with Russia, reinforcing Washington’s continued use of financial restrictions to limit activities considered to support the Russian state and its strategic interests. The measures form part of the broader U.S. sanctions framework directed at Russia and underline the continuing importance of sanctions scree