Cyprus aims to conclude construction works for the Liquified Natural Gas (LNG terminal in Vasilikos by the end of 2024 as this would assist the efforts to reduce electricity generation costs Minister of Energy George Papanastasiou said on Monday. Construction works for the LNG terminal was halted in the end of January, with the Chinese-led consortium […]

The Republic of Cyprus and the United States of America have announced a Justice System Cooperation in order to Enhance Cypriot Capabilities to Counter Illicit Finance. According to a Joint Press Release, “in response to a request from President Christodoulides, to further empower the Republic of Cyprus (ROC) to counter illicit finance, the United States […]

Before the UK left the EU, private schools around the island prepared their students to study there. But they now have to look further afield The number of EU students enrolling in British universities has more than halved since its withdrawal from the European Union in 2016, with noticeable declines from Italy, Germany and France. […]

Holidaymakers in Cyprus are increasingly turning to travel agents for their vacation needs, according to the chairman of the Association of Cyprus Travel Agents (Acta) Charis Papacharalambous. Speaking to state broadcaster CyBC on Thursday, Papacharalambous, whose association turns 70 this year, said the higher number of bookings at travel agents is evident, particularly the ones […]

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed at raising awareness and promoting financial literacy, especially among the youth. According to an announcement released by the CBC on Friday, these videos were prepared with the contribution of President […]

The main body of the Vasilikos LNG project could be completed by the end of 2024 or early in 2025, as long as various parties can truly work together with each other, the Ambassador of China to Cyprus, Liu Yantao, has said. “The Vasilikos project is a bit complicated. Now it has come back on […]

China’s Ambassador to Cyprus Liu Yantao said the China-Cyprus trade volume was close to $1 billion last year, with Cyprus’ exports to China increasing by 11.4% year-on-year, as he stressed his country’s relationship with Cyprus has bright prospects and increasingly expanding areas of cooperation. Asked about the two countries’ bilateral relationship during a recent media workshop […]

The Index of sale of Motor Vehicles spiked by 30% in 2023, pushed upwards mainly by price hikes in used cars. According to data released by CySTAT the index in the economic activity of sale of motor vehicles in the last quarter of 2023 amounted to 193.3 units, marking an annual increase of 42%, whereas the […]

A sustainable destination is one that respects its visitors, but at the same time respects its own resources, natural and human, said on Thursday Cyprus’ Deputy Minister of Tourism Kostas Koumis, during the annual tourism conference of the Association of Cyprus Tourist Enterprises (ACTE), held in Nicosia. Speaking at a round table discussion regarding the […]

Kition Ocean Holdings recently held its annual “Kition Volunteer Blood Donation Day” at its facilities located at the Larnaca Port Passenger Terminal. This event marked the second consecutive year of successful blood donation efforts by the company. According to an announcement by the company, the event ran under the theme of “Share The Gift Of Life”. […]

The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback programme, noting that this reflects the group’s strong financial performance and strategic progress. ‘Our ongoing commitment to delivering sustainable value to shareholders is demonstrated by our […]

A regular visitor from Sweden has been honoured with the title of ‘Tourism Ambassador of Ayia Napa’, in recognition of his 25th visit to the popular Cypriot resort town. According to a statement released on Wednesday by the Municipality of Ayia Napa, the honoree is Nils Ove Hallin, who has spent his holidays in Ayia Napa for the past 25 […]

The Commissioner for State Aid Control Stella Michaelides on Wedneday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and Medium Enterprises (SMEs)”, according to which the total amount for aid granted has been set at €400,000. At the same time, the plan sets €30,000 as the minimum investment […]

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign investments for the government of the Republic of Cyprus. He also extended a warm welcome to the recent business activities of the bank in Cyprus. According to […]

Around mid-May, the Cypriot Energy Regulatory Market (CERA) will put draft regulatory decisions in relation to the operation of the competitive electricity market in Cyprus for public consultation. In its announcement, CERA also states that with the contribution of specialized consulting services, it has recently completed the investigation of good practices at the European level […]

Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train and perform on the field by partnering with i-BrainTech, a sports technology company specialising in athletic brain training. It should be noted that i-BrainTech’s decision to expand its operations to […]