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Cyprus Pushes For Visa Waiver Deal By September As U.S. Experts Complete Security Review

Cyprus is accelerating efforts to join the U.S. Visa Waiver Program (VWP), aiming to seal the deal before September. American officials are in the country this week, conducting on-site security assessments—a key step in the approval process.

The VWP allows citizens from approved countries to enter the U.S. for tourism or business without a visa for up to 90 days. Cyprus, currently not on the list, has been working to meet the strict entry requirements, especially around security standards and visa rejection rates.

U.S. experts arrived on Monday and have already carried out inspections at critical infrastructure points including airports, ports, the Ministry of Interior, the Deputy Ministry of Immigration, and police facilities. According to sources close to the Cypriot Presidency, the visit focuses on evaluating how the country handles border security, identity verification, and overall system integrity.

Additional questions from the American side may follow once the site visits conclude. The outcome hinges on a report the U.S. government will submit to Congress. If the findings are favorable, Cyprus could get the green light.

Even with a positive recommendation, inclusion isn’t immediate. It takes two to three months to update U.S. systems before Cypriot travelers can use the streamlined electronic travel process.

Timing is crucial. While there’s no formal deadline, Cyprus is aiming for September to lock in this year’s impressively low visa rejection rate—a core eligibility requirement. To qualify, a country’s refusal rate for U.S. visas must stay below 3% over 12 months ending in September.

Cyprus currently sits comfortably at 2.16%, the third lowest globally, according to the U.S. State Department. Only the United Arab Emirates (1.46%) scored better among active applicants. Some nations, including Liechtenstein and Monaco, showed 0% rejections—but this may reflect no applications rather than flawless approval rates.

On the other end of the spectrum, countries like Laos (82.84%), Liberia (79.38%), and Somalia (77.02%) recorded the highest visa refusal rates.

If Cyprus secures a spot in the VWP, it would mark a major win for both its government and citizens, who would benefit from easier travel to the United States. The coming weeks will be critical in determining whether that long-anticipated milestone is finally within reach.

Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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