The new discovery of natural gas in Cyprus’ exclusive economic zone (EEZ) in offshore Block 10 reaffirms the country’s energy potential, President Nikos Christodoulides said in a post after a teleconference with ExxonMobil Vice President, John Ardill, and being informed that the ‘Pegasus-1’ well drilling, within offshore Block 10, indicated approximately 350 metres of gas-bearing […]
Total motor vehicle registrations in Cyprus fell in the first half of 2025, according to data released by CySTAT. Specifically, registrations reached 25,954, marking a 1.1% decrease compared to 26,250 in the corresponding period of 2024. Despite the overall decline over the six-month period, June showed a positive trend, with a 13.1% increase in registrations, […]
Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover in the broad trade sector rose by […]
Bash 2025 draws 185 participants in Cyprus’ key startup meetup Cyprus’ innovation ecosystem gathered momentum this week as ‘The Bash 2025’ brought together 185 participants for the country’s flagship startup and networking event. Now in its fifth year, the gathering has cemented its role as a key platform for idea exchange, partnerships and collaboration. The […]
Synopsis: Cambodia’s economic future must be built on a foundation of strong and diverse human capital, not just a few individuals, but a large, skilled workforce across all sectors. Prime Minister Hun Manet Tuesday said that the Royal Government has always prioritised investment in human resources, recognising them as essential assets for managing and strengthening […]
In the first half of 2025, the Council for the Development of Cambodia (CDC) approved 373 investment projects with a total capital of approximately $5.8 billion. Nearly two-thirds of them were in the industrial sector. According to a July 7 CDC press release, the projects are expected to create about 255,000 jobs. Compared to the […]
Synopsis: The increase in electric vehicles usage aligns with a rapidly accelerating global trend, and Cambodia is witnessing a parallel development of its own EV sector. Cambodia Monday introduced an electricity pricing mechanism for electric vehicle (EV) charging stations, with rates potentially reaching KHR 1,050 per kwh ($0.26), as the country experiences a surge in […]
Cypriot citizens’ perception of the impact of EU regional policy remains largely positive, the latest Eurobarometer survey reveals. According to the survey, 88% of respondents in Cyprus believe EU-funded initiatives make a positive contribution on living conditions in their respective countries or regions, while 35% among them are aware of such initiatives altogether. The respective […]
CSR Cyprus successfully held its 9th Annual Electoral and General Assembly on Thursday, 3 July, 2025, at Lemon Park in Nicosia. The event was attended by representatives of Member organisations, partners, and institutional stakeholders. Greetings were delivered by the Commissioner for the Citizen, Panayiotis Palates; the Commissioner for the Environment and Animal Welfare, Antonia Theodosiou; […]
A teleconference between President Nikos Christodoulides and representatives of ExxonMobil is scheduled to take place this afternoon, with official announcements expected to follow regarding the “Pegasus” project, Government Spokesperson Konstantinos Letymbiotis confirmed. Responding to a journalist’s question during statements at the Presidential Palace, Letymbiotis stated: “Today at 17:00, the President of the Republic will hold […]
The new discovery of natural gas in Cyprus’ exclusive economic zone (EEZ) in offshore Block 10 reaffirms the country’s energy potential, President Nikos Christodoulides said in a post after a teleconference with ExxonMobil Vice President, John Ardill, and being informed that the ‘Pegasus-1’ well drilling, within offshore Block 10, indicated approximately 350 metres of gas-bearing […]
The annual general meeting of shareholders of Piraeus Port Authority was held on Tuesday, in full compliance with all applicable procedures and with a quorum of 83.56%. According to a statement issued by OLP, all items on the agenda were approved by a broad majority, including the annual financial statements and the distribution of dividends […]
Deputy Shipping Minister Marina Hadjimanolis met last week with the president of the Arab Academy for Science, Technology and Maritime Transport (AASTMT), Ismail Abdel Ghaffar Ismail Farag, at the Shipping Deputy Ministry’s offices in Limassol. According to an announcement released on Tuesday, the visit followed Hadjimanolis’ official trip to Egypt in October 2024. During her […]
Zela Aviation, the aviation company founded by Cypriot entrepreneur Andreas Christodoulides, has announced a strategic partnership with the municipality of Skyros. This new initiative is aimed at improving the island’s air connectivity and supporting its emergence as a tourism destination in international markets. This agreement represents Zela Aviation’s third collaboration in Greece in the areas of airport and tourism development, […]
Electric and hybrid vehicles continued their upward trajectory in Cyprus during the first half of 2025, even though the overall motor vehicle market experienced a slight decline. According to a report released on Tuesday by the statistical service, electric cars accounted for 4.8 per cent of all newly registered passenger saloon cars in the first half of the year, up […]
A pair of rebranded resorts are the perfect base to explore Cyprus by land and water bookmark_border They say travel broadens the mind – and nothing proves the point more joyously than watching the Eurovision Song Contest on a giant outdoor screen with a hundred or so strangers drawn from more than a dozen different […]