Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover in the broad trade sector rose by […]

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Eurobarometer: Cyprus citizens have a positive perception of the impact of EU regional policy

Eurobarometer: Cyprus citizens have a positive perception of the impact of EU regional policy

Cypriot citizens’ perception of the impact of EU regional policy remains largely positive, the latest Eurobarometer survey reveals. According to the survey, 88% of respondents in Cyprus believe EU-funded initiatives make a positive contribution on living conditions in their respective countries or regions, while 35% among them are aware of such initiatives altogether. The respective […]

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CSR Cyprus elects new Board of Directors

CSR Cyprus elects new Board of Directors

CSR Cyprus successfully held its 9th Annual Electoral and General Assembly on Thursday, 3 July, 2025, at Lemon Park in Nicosia. The event was attended by representatives of Member organisations, partners, and institutional stakeholders. Greetings were delivered by the Commissioner for the Citizen, Panayiotis Palates; the Commissioner for the Environment and Animal Welfare, Antonia Theodosiou; […]

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President to hold teleconference with ExxonMobil this afternoon

President to hold teleconference with ExxonMobil this afternoon

A teleconference between President Nikos Christodoulides and representatives of ExxonMobil is scheduled to take place this afternoon, with official announcements expected to follow regarding the “Pegasus” project, Government Spokesperson Konstantinos Letymbiotis confirmed. Responding to a journalist’s question during statements at the Presidential Palace, Letymbiotis stated: “Today at 17:00, the President of the Republic will hold […]

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Christodoulides: New natural gas discovery in EEZ reaffirms Cyprus’ energy potential

Christodoulides: New natural gas discovery in EEZ reaffirms Cyprus’ energy potential

The new discovery of natural gas in Cyprus’ exclusive economic zone (EEZ) in offshore Block 10 reaffirms the country’s energy potential, President Nikos Christodoulides said in a post after a teleconference with ExxonMobil Vice President, John Ardill, and being informed that the ‘Pegasus-1’ well drilling, within offshore Block 10, indicated approximately 350 metres of gas-bearing […]

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OLP shareholders approve dividend

OLP shareholders approve dividend

The annual general meeting of shareholders of Piraeus Port Authority was held on Tuesday, in full compliance with all applicable procedures and with a quorum of 83.56%. According to a statement issued by OLP, all items on the agenda were approved by a broad majority, including the annual financial statements and the distribution of dividends […]

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Skyros taps Cyprus’ Zela Aviation to grow tourism sector

Skyros taps Cyprus’ Zela Aviation to grow tourism sector

Zela Aviation, the aviation company founded by Cypriot entrepreneur Andreas Christodoulides, has announced a strategic partnership with the municipality of Skyros. This new initiative is aimed at improving the island’s air connectivity and supporting its emergence as a tourism destination in international markets. This agreement represents Zela Aviation’s third collaboration in Greece in the areas of airport and tourism development, […]

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Hybrids and electric vehicles gain ground in Cyprus

Hybrids and electric vehicles gain ground in Cyprus

Electric and hybrid vehicles continued their upward trajectory in Cyprus during the first half of 2025, even though the overall motor vehicle market experienced a slight decline. According to a report released on Tuesday by the statistical service, electric cars accounted for 4.8 per cent of all newly registered passenger saloon cars in the first half of the year, up […]

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