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61. Von der Leyen unveils new European Commission lineup

European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...

62. Cyprus' Kostas Kadis named EU commissioner for Fisheries and Oceans

European Commission President Ursula von der Leyen has selected Cyprus' Kostas Kadis as the next Commissioner for Fisheries and Oceans. Announcing the decision today, von der Leyen praised Kadis, saying,...

63. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

64. RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

65. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

66. Cyprus President meets business leaders on HR, energy, and tax

67. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

68. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

69. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

70. Cyprus ship registry grows amid global tensions

Cyprus’ ship registry experienced an increase in ocean-going vessels in the first half of the year, reversing a two-year decline due to geopolitical tensions impacting global shipping, Deputy Minister for Shipping Marina Hadjimanolis announced....

71. Global giants eye battery storage project in Cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

72. Transport minister Vafeades calls for fair climate laws in shipping

Transport Minister Alexis Vafeades spoke of the need to prevent the side effects of legislation to tackle climate change on the shipping sector and ports, during discussions in the Transport Council of the EU held on Tuesday in Luxembourg....

73. Cyprus President advocates Von der Leyen, Metsola re-election

President of the Republic Nikos Christodoulides voiced on Monday his support for the re-election of Ursula von der Leyen and Roberta Metsola to the posts of President of the Commission and President of the European Parliament respectively....

74. €102.3M spent on 275,000 people trained on 30,500 programs

In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...

75. New global report launched at Global Family Business Summit

The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...

76. MED9 ministers align on crisis strategies for agriculture

The Agriculture Ministers of the MED9 group called for enhancement and promotion of crisis measures in the context of the Common Agricultural Policy......

77. Cyprus and Greece strengthen maritime ties

The Greek Minister of Maritime Affairs and the Islands, Mr. Christos Stylianides, and Shipping Deputy Minister, Mrs. Marina Hadjimanolis, met with delegations from their respective ministries in Limassol to discuss bilateral maritime issues....

78. Cyprus Shipping Chamber marks 35 years with annual election

The Cyprus Chamber of Shipping commemorated its 35th anniversary today with its annual election meeting in Limassol. ...

79. President urges EU action for final settlement of Cyprus problem

The Cyprus problem is a European issue par excellence and the European Union has every interest, but also obligation, to actively contribute through a leading role for its final settlement, using, utilizing all the politico-economic means and tools at its disposal in the context of EU-Turkey relations, President Nikos Christodoulides said in an address at an event on Thursday evening to mark Cyprus' 20th anniversary of accession....

80. Fighting high interest rates is Europe's main challenge

The European economy faces significant challenges amidst the current geopolitical crisis, which threatens its global position. ...

81. China's leader targets Hungary, Serbia for investments

Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....

82. €17 million worth of grants for big businesses

The EU's Recovery and Resilience Plan is charging ahead, with the Department of Energy, Trade, and Industry (DTI) launching a call for applications under the 'Grant Scheme for the Energy Upgrading and Competitiveness of Large Enterprises'....

83. 4 million euros to foster Turkish Cypriot business integration

The European Commission, in partnership with GIZ International Services, has initiated a two-year project aimed at bolstering private sector development within the Turkish Cypriot community and enhancing Green Line trade,...

84. What economic headlines are making waves this week?

Amidst a backdrop of economic shifts and global challenges, a series of key developments are shaping the financial landscape. ...

85. Cyprus President to join EU leaders in Vienna for high-stakes dinner

President of Cyprus, Nikos Christodoulides, is going to Vienna on Friday, where he will participate in a working dinner with a group of leaders......

86. Will Fredriksen Group set sail for Cyprus?

The Fredriksen Group, led by prominent shipping magnate John Fredriksen, is contemplating relocating a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway's framework conditions....

87. Government ramps up digital services with new mobile app

The government works on two levels concerning the roll out of Digital Citizen, namely the upgrading of the government portal gov.cy......

88. President Christodoulides hails financial progress with new CBC Governor

The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....

89. Employers call for tax reform to spur economic growth

Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...

90. Cyprus maritime sector advances amidst ambitious goals

''Without a doubt, we take pride in the achievements of the past 60 years. Our ambition is to set even higher targets and strengthen the competitiveness of Cypriot shipping,...