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 […]
A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history. A vision that took root over a century ago, driven by the aspirations of the Cypriot people, was destined to evolve into the largest financial institution of the country. The anniversary was marked […]
President Nikos Christodoulides will on Monday travel to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in a business forum during which the prospects of Cyprus as a business and investment centre will be presented, at the High Commission of the Republic. Christodoulides will […]
President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the introduction of European Medium-Term Notes (EMTNs) from the Republic of Cyprus into the CSE, alongside ambitious growth plans for the exchange. “The Cyprus Stock Exchange, as part […]
The Cypriot Ministry of Finance stated on Monday that there are currently no risks to the Cypriot economy from regional developments. However, it emphasized its readiness to closely monitor the situation and take necessary actions and measures, following an extraordinary meeting convened by Minister Makis Keravnos in the morning. (ekathimerini)
The Republic of Cyprus is entitled to request from the implementing entity – Greece’s Independent Power Transmission Operator (ADMIE) – an updated report on the cost-benefit analysis regarding the electricity interconnection between Cyprus and Greece as well as the updated business model, Cypriot Minister of Energy, Commerce and Industry George Papanastasiou has said. Speaking from […]
President Nikos Christodoulides is travelling to London for a series of meetings with financial stakeholders, entrepreneurs and investors. As said in a written statement by the Government Spokesman, Konstantinos Letymbiotis, as part of the visit, the President of the Republic will participate in a 16 April event with businessmen and investors which will take place […]