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 […]
The Latchi port will be expanded in a €50 million upgrade project, Transport Minister Alexis Vafeades announced following a meeting at Polis Chrysochous municipality. He said the Cyprus Ports Authority project aims to enhance maritime and land infrastructure at the port, which serves as a key gateway to the Akamas peninsula and a departure point for leisure […]
Otres Beach in Cambodia was ranked third among the 25 most relaxing beaches in Asia in 2024, with 13.4 percent relaxing reviews, behind Yas Beach in the United Arab Emirates (UAE) (14.9 percent) and Saud Beach in the Philippines (14.5 percent), according to SpaSeekers.com, the UK’s leading spa booking specialists. “Otres Beach in Cambodia completes […]
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 […]
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 […]
Picture this: a city where the sun greets you nearly every day, casting its golden glow on ancient walls and bustling streets. That’s Nicosia – The Brightest Capital of Europe. This witty tagline, created by the Nicosia Tourism Board, captures the many facets of the city’s character: sunny, lively, intelligent and forward-thinking. Every capital city has its […]
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 […]
Cyprus-based venture capital company 33EAST, supported by the European Investment Fund, has raised €26 million to launch its first venture capital fund, aiming to boost the island’s start-up ecosystem and foster innovation. The fund, launched in January, is backed by the Cypriot government through the ‘National Recovery and Resilience Plan’, the Bank of Cyprus, and […]
The ministry of transport has announced plans for a significant expansion of Vasiliko port. This project aims to establish a new industrial port under the management of the Cyprus ports authority (CPA). On January 21, 2025, the CPA submitted a proposal for European Union co-funding through the “connecting Europe facility” (CEF) programme. This initiative supports projects related […]
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 […]
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 […]
In 2024, Cambodia exported US $ 13.92 billion worth of clothing, textiles, footwear, and travel items, rising 23 per cent over the previous year, according to a report from the Ministry of Commerce. According to the data, textiles worth US $ 499 million were delivered to foreign markets last year, up 17 per cent. Garments […]
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 […]
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 […]
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 […]
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. […]