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Cyprus’ Financing Programme On Track Amidst Economic Optimism

by THEFUTURE.TEAM

July 22, 2024

Cyprus is advancing its annual financing programme efficiently, aligning closely with its fiscal targets for 2024. The approved borrowing ceiling stands at €1.3 billion, predominantly sourced from European Medium-Term Notes (EMTN). So far, Cyprus has successfully raised nearly €1.2 billion, including a recent €1 billion, seven-year fixed-rate bond issued in June.

The financing strategy also includes public treasury bills and domestic bonds aimed at individual investors. To date, €87.5 million of the targeted €120 million in treasury bills and €6.4 million of the intended €40 million in domestic bonds have been issued. Furthermore, Cyprus has secured €92.75 million in loans from supranational organisations, progressing towards the €140 million goal.

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Public treasury bills, set to mature in October 2024, offer an annualised yield between 3.65% and 3.75%, presenting an attractive option for non-professional investors and businesses seeking secure liquidity management.

Sophic, a financial platform, plans to acquire a portion of the upcoming treasury bill issuance, replicating its strategy from June where it, alongside Athlos Capital, acquired over 80% of the €21.5 million issuance for client allocation.

Cyprus’ prudent financial management and structured approach towards funding reflect a robust fiscal framework aimed at maintaining economic stability and fostering investor confidence. This meticulous execution of the financing programme underscores Cyprus’ commitment to strategic fiscal governance and economic resilience, which are vital for sustaining long-term growth.

The ongoing success of Cyprus’ financing programme highlights the nation’s proactive fiscal planning and the effectiveness of its public debt management office. By securing diverse funding sources and maintaining investor engagement, Cyprus continues to bolster its financial stability and economic prospects.

As Cyprus progresses with its financing activities, the focus remains on sustaining fiscal discipline while leveraging favourable market conditions to optimise funding costs. This approach not only ensures the fulfilment of immediate financing needs but also lays a solid foundation for future economic resilience.

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Orion Crew Returns To Earth After First Crewed Lunar Mission In 50 Years

by THEFUTURE.TEAM

April 13, 2026

NASA’s Orion spacecraft returned to Earth after a 10-day Artemis II mission around the Moon, completing a crewed lunar flight for the first time in more than 50 years.

The capsule splashed down in the Pacific Ocean near San Diego at 5:07 p.m. Pacific Time with four astronauts on board.

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Historic Mission Achievement

Orion, named “Integrity” for the Artemis II mission, completed a controlled splashdown following its lunar trajectory. Reid Wiseman, Commander of the mission, Victor Glover, Pilot, and mission specialists Christina Koch and Jeremy Hansen returned in stable condition. The landing marked a key milestone in validating crew safety systems and reentry performance for future missions.

Expanding The Frontiers Of Space

Artemis II carried astronauts to a distance of approximately 252,760 miles from Earth, extending beyond previous crewed missions. The flight represents NASA’s first crewed lunar orbit mission since the Apollo program. During the mission, the crew captured images of the lunar surface and observed a solar eclipse from space. Astronauts also named a newly observed crater in tribute to Wiseman’s late wife, Carroll.

Charting A Course For Future Exploration

Jared Isaacman, NASA Administrator, said the mission demonstrates readiness for subsequent lunar operations. Artemis II served as a test flight for the Space Launch System and Orion spacecraft under crewed conditions. Data collected during the mission will support plans for future lunar landings, development of lunar infrastructure, and extended human presence beyond low Earth orbit.