The Cabient has approved the expenditure of €1.5 million for dredging and renovation works at Larnaca Marina. As announced by the Minister of Transport Alexis Vafeades after the end of the Cabinet meeting, these works are deemed necessary for the safe operation of the marina and the safe entry and exit of boats to the […]
The development lays the foundation for enhanced security cooperation with the incoming administration, reflects the long-term shared objective of bolstering interoperability In a landmark decision that underscores the growing strategic depth of US-Cyprus relations, President Joe Biden issued a presidential determination, officially including the Republic of Cyprus in three critical US defense programs. This significant […]
The Cyprus federation of employers and industrialists (Oev) has announced the opening of applications for the 18th Cyprus Innovation Award Competition. “This longstanding event celebrates the ingenuity and creativity that characterise Cypriot businesses and organisations across various sectors,” the federation said in a statement. Supported by the Deputy Ministry of Research, Innovation and Digital Policy, […]
The Research and Innovation Foundation (RIF) has initiated a consultation for a new €10 million funding programme. The new programme, titled ‘STEP: Setting up facilities and production lines for manufacturing new innovative products or services’, is open to Cypriot companies of all sizes. It aims to bolster the development of critical technologies across a number […]
For the period January – December 2024 average total government employment reached 54,314 persons, marking an increase of 1,615 persons (3.1%) compared to the corresponding period of 2023, according to data released by CySTAT. This increase is mainly attributed to the increase of the Educational Service casual staff, due to the abolition of the purchase […]
The Natural Gas Infrastructure Company (ETYFA) will issue a tender to select the next destination of the ‘Prometheus’ “floating liquefied natural gas (LNG) unit, as stated by Energy Minister George Papanastasiou. He also noted that the ship will remain in Malaysia for another two to three months to undergo necessary modifications while awaiting key components. […]
Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that foreign investment is not only beneficial but essential, explaining that it “drives liquidity, creates skilled jobs, and transfers valuable know-how to Cyprus—key factors in […]
The first official session of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag was held in Athens this week, attended by Deputy Minister of Shipping Marina Hadjimanolis. According to an announcement, the meeting aimed to “refine strategies that enhance the global standing of the Cyprus flag amidst ongoing challenges in […]
Cyprus is a top investment destination, and Invest Cyprus plays a crucial role in supporting businesses throughout their investment journey, said Marios Tannousis, CEO of Invest Cyprus. According to a press release from Invest Cyprus, Tannousis was speaking during a discussion with Ministers from Greece, Egypt, and Cyprus about bilateral and trilateral cooperation and funding […]
The number of government employees in Cyprus has experienced an increase over recent years, according to a report released on Monday by the state’s statistical service. Specifically, the total number of government employees reached 55,248 by the end of 2024, compared to 54,546 in December 2023. In 2022, the figure stood at 53,686, while in […]
Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were formalised during a tripartite summit held in the Egyptian capital, bringing together the leaders of Cyprus, Greece, and Egypt to discuss collaboration across multiple […]
Vehicle registrations in Cyprus rose by 9.1 per cent in 2024, reaching 49,616 compared to 45,494 in 2023, according to the state’s statistical service. Electric vehicles accounted for 4.0 per cent of registrations, up from 2.7 per cent in 2023, while hybrid vehicles grew to 37.1 per cent from 29.6 per cent. Passenger saloon car registrations increased by 4.9 per cent, totalling 38,410 compared to 36,608 in 2023. Among these, 39.2 per cent were new cars, while 60.8 per cent were used. Rental […]
A decade since the Asean Economic Community was established, the region has made progress in integration and drawing FDI but many hurdles still lie ahead IT WAS 2013, the night before the launch of UOB’s Foreign Direct Investment (FDI) Advisory centre in Indonesia. It was then too, that the rupiah weakened due to global and […]
The sale of Superhome Center DIY in Cyprus to a Greek investor is moving forward, with the final deal expected to be concluded in the coming weeks. Sources confirmed to Kathimerini that the Greek investor is set to acquire 100% of the shares in Superhome Center, with the transaction expected to be completed by mid-month. […]
The Public Works Department is expediting the preparation of new tender documents for the first phase of the Paphos-Polis road, aiming to announce the tender as soon as possible, according to director Eleftherios Eleftheriou. Following the termination of the contract with contractor INTRAKAT, the department conducted a detailed record of the work completed to finalise […]
Perched on the lush slopes of the Troodos Mountains in Cyprus, the village of Kalopanagiotis exudes authentic charm with its cobbled streets, Byzantine monasteries, and ancient thermal springs. Recognised by the UN as one of the best villages for tourism in 2024, this Cypriot gem offers a timeless journey into a vibrant culture and abundant […]