Cyprus and China enjoy a strong relationship built on mutual trust, respect, and shared values, despite the vast geographical distance between them. Over the decades, their ties have deepened across a spectrum of areas, including political, economic, cultural, and educational cooperation. A testament to this robust bond was the establishment of a strategic partnership in 2021, marking the 50th anniversary of their diplomatic relations.

Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the newly released Central Bank of Cyprus’ monetary and financial statistics report.

Cyprus has the potential to become a significant supplier of liquefied natural gas (LNG) to the European Union, provided pre-drilling surveys are confirmed, Energy Minister George Papanastasiou has said.