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691. Divestments trigger a risk of backlash in the Recovery Fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

692. Cyprus exits enhanced surveillance ten years after crisis

Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...

693. Cyprus considers Deputy Ministry for European Affairs

Foreign Minister, Constantinos Kombos, has said that the Republic of Cyprus has been considering the establishment of a Deputy Ministry for European Affairs in view of the Cypriot Presidency of the EU, during the first half of 2026....

694. President announces receipt of first US sanctions list

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695. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

696. Cyprus to surpass 1 million people while EU population to decrease by 6% by 2100

According to the latest population projections issued by Eurostat, the statistical service of the EU, the population of the bloc will decrease by 6% between 1 January 2022 and 1 January 2100, equivalent to 27.3 million fewer people. The population of Cyprus on the other hand is expected to pass 1 million by 2100....

697. Nicosia clarifies position on Turkey’s bid to lead IMO

There will be no issue as regards the Republic of Cyprus' membership of the International Maritime Organization in the event that Turkey is elected as its Secretary-General, President Nikos Christodoulides said on Monday...

698. Kombos sets European tone during handover of duties

Cyprus’ new Foreign Affairs Minister Constantinos Kombos has set the tone of the new administration’s foreign policy, stressing a commitment to EU integration and the need for reunification with UN parameters...

699. Nicola Sturgeon resigns as Scotland's first minister

Nicola Sturgeon will stand down as first minister of Scotland, she has announced at a press conference....

700. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

701. Cabinet: Nine more citizenships revoked

The Council of Ministers today confirmed its previous decision to deprive three investors and six of the dependents of their citizenship status following the expiration of the deadline for objections and the completion of the procedures in the competent committee....

702. Exports of halloumi at 1.34 billion over the last 5 years

Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...

703. Where you can't go in 2023 and why

Travelers from all over the world are expected to take their vengeance for two years in prison in 2023, as they can now take their dream vacation to any part of the world they want, with no restrictions....

704. Cyprus airways unveils strategic plans, new routes

Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...

705. The Louvre, the British Museum, and now the New Cyprus Museum (photos - video)

Work on the New Cyprus Museum will begin in January 2023, and the project is expected to take 42 months to complete, with completion scheduled for mid-2026. ...

706. Gatzke-Hellenic relations have returned to normal

After taking a brief leave of absence, Hellenic Bank CEO Oliver Gatske has returned to his duties. Mr. Gatske was given the green light to return to his office on Monday after the Cyprus Securities and Exchange Commission cleared him of any wrongdoing....

707. When the ink dries, this will be the new archaeological museum

708. 'Cyprus Tomorrow': A plan made by Cypriots for Cypriots

The importance of the "Cyprus - Tomorrow" National Plan was highlighted by Government Spokesperson and Cabinet Ministers, who attended a special promotional event in Nicosia on Saturday....

709. Budget approved for 1,000 charging stations across the island

The Cabinet on Wednesday approved a proposal submitted by the Ministry of Transport for the installation of 1,000 public charging stations for electric vehicles, with a budget of 3.7 million euros....

710. Sizable migrant flows pushing national asylum systems to breaking point

The disproportionate migratory flows have led to a situation of force majeure, forcing to their limits the national asylum and reception systems, said Interior Minister Nicos Nouris....

711. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

712. IMF predicts a return to fiscal surpluses for Cyprus following the pandemic

Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....

713. 'All for one and one for all', EP says yes to single chargers

The European Parliament today gave its final green light to the introduction in the EU of a universal charger for all small and medium-sized portable electronic devices - mobile phones, tablets and other consoles....

714. Nouris: More foreign companies setting up shop in Cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

715. Unlike the Concorde, supersonic travel is coming back faster, quieter and greener

Supersonic air travel has always messed with the concept of time. Such as being able to fly across the Atlantic and land before your scheduled departure time....

716. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

717. Cyprus gas discoveries boosted by EU’s shift from Russia supplies

The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said....

718. Here are the plans for Berengaria (Photos)

The work on the historic hotel Beregaria in Prodromos is expected to be completed in 2026. Plans for its radical facelift were presented this morning at the hotel's facilities, and here is what we can expect....

719. Turkey to deploy its fourth drillship in August

Turkey’s fourth drilling ship will start work in the first half of August and probably in the Mediterranean, according to Turkey’s Energy Minister Fatih Donmez....

720. Spanish airline Air Nostrum has just ordered a fleet of airships

As the quest for less environmentally damaging aviation continues, one Spanish airline has thrown its hat into the ring by ordering new hybrid airships -- which pack as much of a punch visually as they are said to do environmentally....