Cyprus has, in the last two years, one of the largest increases in the share of Renewable Energy Sources (RES), among the EU member states, Energy Minister George Papanastasiou has said. He was speaking during the 14th Assembly of the International Renewable Energy Agency (IRENA) in Abu Dhabi on 18 April. In the framework of […]
The Ministry of Finance has welcomed the new estimates for Cyprus by the International Monetary Fund (IMF) as part of the World Economic Outlook (WEO). According to the IMF estimates, the growth rate for 2024 is projected at 2.7% and for 2025 at 2.9%. The forecast for 2024 remains the same as the previous IMF […]
Ministry of Energy, Commerce and Industry Permanent Secretary, Marios Panayides, has stressed need to enhance collective planning for the development of electricity networks, particularly in regions lacking interconnections such as Cyprus. Representing Cyprus at the informal EU Energy Council held in Brussels on 15 and 16 April, Panayides stressed the importance of addressing issues related to […]
Deputy Minister of Tourism Kostas Koumis has expressed satisfaction over a 9.8% rise in tourist arrivals in March, according to figures released by CySTAT. “In the face of challenges, our country’s tourism sector demonstrates resilience,” Koumis noted in a written statement on 17 April. He added that the Deputy Ministry closely monitors every development that directly or […]
The University of Cyprus and Boltzmann Research, a team of scientists seeking to tackle the challenge of predicting financial markets, have signed a Memorandum of Understanding (MoU), according to a statement released this week. The MoU, signed by professor Konstantinos Fokianos, Head of the Department of Mathematics and Statistics at the University of Cyprus, and Chariton Christou, CEO […]
Agrotourism in Cyprus is on the rise, according to statements made by Deputy Minister of Tourism Kostas Koumis at the 18th Annual General Assembly of the Cyprus Agrotourism Society held this week in Platres. Significantly, this trend is also evident in the overnight stays recorded in agrotourism accommodations, with a total of 166,293 in 2023 […]
Egypt desperately needs a major gas discovery to shore up its declining production The submission of the updated development plan for the Aphrodite gasfield by Chevron at the beginning of April, and the subsequent statement by Energy Minister George Papanastasiou that the earlier “difficulties have been overcome” is good news not only for Cyprus but […]
Cyprus Minister of Agriculture, Rural Development and Environment Maria Panayiotou will be in Athens to participate in the 9th International Conference “Our Ocean Conference” (OOC-9), a leading global initiative for the protection and sustainable management of the oceans. The Ministry has announced that the 16 April Conference will host representatives of more than 120 countries, […]
Minister of Energy, Commerce and Industry George Papanastasiou is in Abu Dhabi to participate in the 14th Session of the Assembly of the International Renewable Energy Agency (IRENA), which will take place between 16 and 18 April. According to a Ministry statement, in the context of the meeting, Papanastasiou will also take part in a […]
Τourism relations between Cyprus and Bahrain, with particular emphasis on the issues of air connectivity and the prospects presented during this period were recently discussed in Nicosia. The discussion took place during a meeting between the Ambassador of the Kingdom of Bahrain to Cyprus, Khaled Yusuf Ahmed Al Jalahma, who is based in Tel Aviv, and […]
Agrotourism is on the rise in Cyprus as Deputy Minister of Tourism, Κostas Koumis, has noted, citing data for overnight stays in agrotourism accommodation. In 2023 they reached 166,293, in comparison to 153,196 in 2022, he said. Koumis was speaking at the 18th Annual General Meeting of the Cyprus Agrotourism Company, held in Platres on 15 […]
The maritime passenger connection between Cyprus and Greece will restart on 29 May, Deputy Minister of Shipping Marina Hadjimanolis has announced. She also noted that bookings could be made from 17 April, adding that the public response to the service had surpassed all expectations. Speaking during a press conference at the Limassol Chamber of Commerce […]
AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, compared to a profit of €12.2 million and RoE of 6.2 per cent in the previous year. Aristidis Vourakis, AstroBank’s Chief Executive Officer, said that “2023 […]
Chief Scientist Demetris Skourides recently concluded a series of meetings in Tokyo, seeking to bolster cooperation between Cyprus and Japan in the fields of research and innovation. According to an announcement released on Tuesday by the Research & Innovation Foundation (RIF), during his visit to Japan, Skourides engaged in key discussions and meetings, underscoring the […]
Application for ReflectX 2024, the second edition of the startup programme where innovation meets opportunity, is now open. Designed for ambitious startups from Seed to Series-A, ReflectX offers a unique blend of access, connections, and visibility. “After a successful 2023 debut, the ReflectX startup programme will be back, broadening its scope and raising the bar […]
In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects across Cyprus. Throughout the last quarter of that year, a total of 240 sales was completed, amounting to €154 million in value. Specifically, in October, 89 […]