ExxonMobil and QatarEnergy begin drilling operations in Cyprus’s Block 5

ExxonMobil and QatarEnergy begin drilling operations in Cyprus’s Block 5

ExxonMobil and QatarEnergy commenced drilling operations in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) on Friday morning, marking a significant step in the country’s hydrocarbon exploration activities. President Nikos Christodoulides announced that Cyprus aims to become an alternative and reliable natural gas source for the European Union. The exploration is part of the country’s […]

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More than 37,000 foreign property sales in Cyprus since 2021

More than 37,000 foreign property sales in Cyprus since 2021

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign buyers surged in all districts, according to data from the Department of Lands and Surveys (DLS). This was shared with the House of Representatives by Interior Minister […]

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Cambodia’s First Lady Thanks Philanthropists for Donating to Kantha Bopha Foundation

Cambodia’s First Lady Thanks Philanthropists for Donating to Kantha Bopha Foundation

Cambodia’s First Lady, Pech Chanmony, thanked all the philanthropists who donated money to the Kantha Bopha Foundation to save the lives of Cambodian infants and children. At a meeting with the management, doctors, and medical staff at Kantha Bopha Hospital yesterday, Pech Chanmony, Honorary President of the Kantha Bopha Foundation in Cambodia, expressed her deep […]

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Cyprus property sales hit €4.3 billion in 2024

Cyprus property sales hit €4.3 billion in 2024

The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In a statement released on Thursday, the council said that the sector was affected by a decline in people’s purchasing power, and high lending rates. Additional factors that […]

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Cyprus enters new era with AI taskforce

Cyprus enters new era with AI taskforce

Cyprus is getting its own AI taskforce, after the cabinet agreed on Wednesday it was necessary to help prepare the country to address challenges and grasp the opportunities offered by artificial intelligence. The 11-member taskforce will advise the government on the development, incorporation and implementation of AI in Cyprus, with the aim of enhancing the […]

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US military assessment team visiting Cyprus this week

US military assessment team visiting Cyprus this week

A US military assessment team will be in Cyprus this week as part of defense upgrades, a Cypriot government spokesperson announced Tuesday. In his announcement, Konstantinos Letymbiotis stressed that deepening military cooperation with allied forces contributes decisively to the maintenance of peace and stability in the region. The Germany-based American military assessment team will visit […]

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Besties, business and beautiful picnics

Besties, business and beautiful picnics

When we think of traditional businesses, the images that come to mind often involve desks, long working hours and an endless grind. For many women, especially in Cyprus, this has been the standard route to financial independence and success. But what if you could break away from the standard pattern, embrace your creativity, and build […]

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Tourism surpasses 4 million visitors in 2024

Tourism surpasses 4 million visitors in 2024

Tourist arrivals in 2024 surpassed 4 million for the first time, breaking the previous record of 3,976,777 set in 2019. Deputy Tourism Minister Kostas Koumis hailed the milestone as a historic achievement, accompanied by another record: revenue is projected to exceed €3 billion. Arrivals increased by 5.1 per cent compared to 3,845,652 tourists in 2023. December […]

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Electric Vehicles double Cyprus market share to 4% in 2024, European Commission highlights

Electric Vehicles double Cyprus market share to 4% in 2024, European Commission highlights

The European Commission has highlighted what it has described as Cyprus’ “notable transformation” in its vehicle market during 2024, with electric vehicles (EVs) and hybrids steadily gaining traction. “EVs doubled their market share, accounting for 4.0% of total registrations, up from 2.7% in 2023. Meanwhile, hybrids surged to 37.1%, reflecting shifting consumer preferences toward sustainable […]

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Cyprus promotes gender equality in maritime industry

Cyprus promotes gender equality in maritime industry

Shipping Deputy Minister Marina Hadjimanolis, and Gender Equality Commissioner Josie Christodoulou hosted a press conference on Wednesday at the Presidential Palace to launch the ‘Women in Shipping’ campaign. This initiative, a collaboration between the commissioner and the Deputy Shipping Ministry, seeks to raise awareness and highlight the growing role of women in the maritime sector. […]

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