Philenews

Cyprus Faces Economic Challenges, Protests, and International Crises

Published January 10, 2026, 08:13
Cyprus Faces Economic Challenges, Protests, and International Crises

Cyprus is grappling with a variety of issues, including economic challenges, professional protests, and international crises. A trade deficit of 7.28 billion euros was recorded in the first 11 months of 2025, while taxi drivers in Larnaca announced a work stoppage protesting competition from ride-hailing apps. Simultaneously, an untold tragedy struck Switzerland with 47 deaths from a fire at a resort, while Venezuela holds the world's largest oil reserves, which, according to reports, were "seized" by Donald Trump. Additionally, Botswana introduced a golden passport program, similar to that of the US, to address economic problems. Finally, questions have arisen regarding the illegal funding of President Christodoulides' election campaign, with the release of a video involving his close associates. The President Christodoulides is said to think twice before visiting a restaurant, according to his Press Office Director, in relation to the aforementioned video. This situation highlights the President's sensitivity to issues concerning his public image. Greece's trade relations with Mercosur countries amounted to 2.6 billion euros, with 21 Greek products remaining under protection. This demonstrates the importance of Mercosur as a trading partner for Greece. In the United States, a 34-year-old was arrested for stealing 100 skulls and human remains from a cemetery, raising concerns about his mental health. This case highlights the need to strengthen security in cemeteries and provide psychological support to individuals with mental health issues.