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Cyprus Nears US Visa Waiver Program As Refusal Rate Drops Below 3%

Cyprus has achieved a significant milestone in its efforts to join the US Visa Waiver Program, with the 2024 visa refusal rate for Cypriot citizens reported at just 2.16%. This figure, announced by the US Department of State, is well below the program’s required threshold of 3%, marking a crucial step toward visa-free travel for Cypriots.

Progress Towards Inclusion

Deputy Minister to the President, Irene Piki, highlighted the importance of this development, stating that Cyprus has met a “key prerequisite” for its inclusion in the program. She credited the progress to successful technical consultations between Cyprus and the United States over the past year.

Piki reaffirmed the government’s commitment to securing Cyprus’ inclusion in the program by 2025, allowing Cypriots to travel to the US for tourism and business without the need for a visa.

Support from US Officials

US Ambassador to Cyprus, Julie Fisher, also acknowledged the milestone, describing it as a significant step forward. She expressed optimism that Cypriots would soon enjoy the benefits of visa-free travel to the US.

What’s Next?

The Cypriot government plans to continue its focused efforts to meet all remaining requirements, ensuring the process stays on track. This achievement underscores the growing cooperation between Cyprus and the US, paving the way for stronger ties and easier travel.

As Cyprus moves closer to this goal, the prospect of visa-free access to the US represents an important development for both business and leisure travellers.

CSE Reports March Market Shares As Argus Tops With 30.83%

Overview

Cyprus Stock Exchange (CSE) reported €31.50 million in share transactions for March 2026, including €11.24 million in pre-agreed trades. Data also cover the first quarter, with total transactions reaching €86.06 million across January to March.

Detailed Market Analysis

CSE provides market share calculations both including and excluding pre-agreed transactions. March figures incorporate these trades, while separate data sets highlight activity without them. Such differentiation reflects varying trading dynamics and offers a clearer view of market structure. Bond values are excluded from percentage calculations.

Quarterly Performance Metrics

Figures for the January–March period show how market shares shift depending on the calculation methodology. Year-to-date data provide a broader perspective on member activity across the exchange. Inclusion or exclusion of pre-agreed transactions affects comparative positioning. These metrics are used to assess overall performance trends.

Key Participant Performance

Argus Stockbrokers Ltd recorded a 30.83% market share in March, with transactions totaling €9.71 million, placing it first for the month. CISCO Ltd held a 24.54% share in March and ranked first for the quarter with 26.19%. Mega Equity Financial Services Ltd followed with 18.31% in March and 24.08% across the quarter. Additional participants included Eurobank EFG Equities with 8.04% and Atlantic Securities Ltd with 7.46%, contributing to overall market activity.

Aggregate Trading Volumes

Pre-agreed transactions accounted for €11.24 million of March’s total turnover. Overall trading value reached €86.06 million for the first quarter. These figures reflect both negotiated and regular market activity, providing a fuller picture of trading volumes.

Conclusion

CSE data outline the distribution of market shares and transaction volumes across members. Distinctions between pre-agreed and regular trades highlight differences in activity patterns. Reported figures provide a basis for evaluating market structure and participant performance.

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