TRANSPORT A new air connection between Larnaca and Brussels is set to boost Cyprus’s accessibility as the country prepares to assume the Presidency of the Council of the European Union in January 2026. Strategic link to Brussels: Aegean cleared for takeoff Dorita Yiannakou The Department of Civil Aviation and Aegean Airlines are expected to sign a contract in the coming days to establish direct flights between Larnaca and Brussels (Zaventem Airport). READ MORE
Majority of goods transported by sea in Cyprus and the EU in 2021 Maritime shipping dominated in Cyprus accounting for 97.8% in 2021 Source: CNA 17/03/2023 | BUSINESS
ECB raises interest rates again by .5 percentage points Europe's Central Bank is continuing the same tactics to tackle inflation 16/03/2023 | BUSINESS
MEP's pass bill banning home sales or rentals without energy upgrade The law will start to apply in 2030 Kathimerini Greece Newsroom 16/03/2023 | BUSINESS
Four Cypriot companies exposed to SVB and Signature Bank fallout CySEC President, George Theocharides, reassured the public that only the companies' resources were deposited and not their ... Source: CNA 16/03/2023 | BUSINESS
EAC maintains dominant position in Cyprus' energy production market While market shares of the largest electricity and gas producers in the EU have been decreasing in most countries since ... Source: CNA 14/03/2023 | BUSINESS
Trade deficit increased by 163.5% in January 2023 Reached €1,393.3 million in January 2023 compared to €528.7 million in the corresponding month of 2022 Source: CNA 13/03/2023 | BUSINESS
TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus 13/03/2023 | BUSINESS
Digital app to compare product prices in the works Commitments to file a bill by Easter was made after preliminary discussions with the new Minister, C. Papanastasiou Maria Eracleous 10/03/2023 | BUSINESS
Musk building 'utopian' town for employees Over the past three years, entities tied to Musk have bought at least 3,500 acres in the general Austin area. 10/03/2023 | BUSINESS
