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31. Chinese consortium exits Vasilikos LNG project

The Chinese CPP-METRON Consortium Ltd (CMC Ltd) is set to exit the unfinished photovoltaic (PV) terminal project in Vasilikos, according to Cyprus' Energy Minister George Papanastasiou. ...

32. Cyprus grapples with energy future amid interconnector debate

The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....

33. Cyprus faces crucial decision as LNG terminal contract nears end

Energy Minister George Papanastasiou announced on Tuesday that the contract between the Natural Gas Infrastructure Company (ETYFA) and the CPP-METRON Consortium Ltd (CMC Ltd) for the Vasilikos liquefied natural gas (LNG) terminal construction is approaching its conclusion....

34. Cyprus charts course for 2025 budget surplus

President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....

35. Cyprus faces hurdles in connecting to European electricity grid

A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....

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

37. Cyprus risks losing €657M EU grant for Interconnector project, says Energy Minister

Energy Minister George Papanastasiou expressed concerns over the potential withdrawal of a €657 million subsidy by the European Commission for the electricity interconnection project between Cyprus and Greece......

38. Cyprus President denies ENI's plan to sell off sea rights

President of the Republic Nikos Christodoulides has refuted reports that ENI intents to sell its rights in Cyprus' EEZ. ...

39. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

40. Athens warns Nicosia to reverse delays in power grid project

The ambitious electricity interconnection project linking Cyprus with the European power grids through Greece faces significant hurdles as tensions rise between Athens and Nicosia....

41. ''Cyprus prepared for Lebanon conflict fallout,'' says Kombos

A possible spillover of the conflict in Lebanon would have catastrophic consequences, Foreign Affairs Minister Constantinos Kombos said on Tuesday......

42. Cyprus and U.S. celebrate strengthened ties at U.S. Independence Day event

The 248th anniversary of U.S. Independence was marked with a grand celebration hosted by the U.S. Embassy in Nicosia on Tuesday evening....

43. President announces €10 Million boost for Cyprus tourism

President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....

44. Great Sea Interconnector study outlines benefits July 11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

45. Government halts heavy industry in Vasilikos

The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....

46. How Russian LNG still powers Europe despite sanctions

The Yakov Gakkel LNG tanker plays a crucial role in maintaining Europe's gas supply, transporting liquefied natural gas (LNG) from Siberia to European terminals....

47. Cyprus pledges €300K to enhance missing persons efforts

The recruitment of eight new archaeologists and the purchase of an excavator is ensured by the funding contributed by the Republic of Cyprus to the Committee......

48. Turkish navy monitors Italian cable-laying in Cyprus' EEZ

The Turkish Navy is keeping a close eye on the work of the Italian vessel Teliri, which is to lay telecommunication cables within Cyprus’ exclusive economic zone (EEZ) that will stretch to Greece and then to Italy. ...

49. Top Cypriot producers honored for their culinary excellence

Ten Cypriot agri-food producers were honored at the 10th ''Gastronomos'' Quality Awards on Thursday evening, June 27, 2024. The event, held at the old Nicosia Town Hall, celebrated a decade of achievements in Cypriot gastronomy and the promotion of local products....

50. 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......

51. Cyprus cancels Russian billionaires' passports from Christofias era

Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...

52. 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....

53. 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. ...

54. Nicosia looks to Washington for key defense and visa policy changes

In a bid to strengthen its relationship with the United States, Cyprus is focusing on two crucial dossiers: lifting the U.S. arms embargo and joining the U.S. Visa Waiver Program....

55. Power outages hit European countries

Power outages have been reported across Europe, including Albania, Bosnia and Herzegovina, Croatia and Montenegro....

56. Cyprus and US tighten ties, visa-free travel and arms deals on the horizon

According to a report written by Yiannis Ioannou, the consolidation of Cyprus-US strategic cooperation and the conclusion of a strategic dialogue agreement have significantly deepened Cypriot-US relations at a critical time,...

57. Cyprus highlights its tech opportunities at London Tech Week

The Ministry of Energy, Commerce and Industry, alongside the Cyprus Trade Centre in London, represented Cyprus at the ''London Tech Week'' exhibition, held from June 10-12, 2024, at the Olympia Exhibition Center....

58. Government extends subsidies to ease cost of living crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

59. Cyprus nears visa-free US travel in final stages

sident of the Republic Nikos Christodoulides said Wednesday that Cyprus is at the final stage regarding joining the Visa Waiver Program thus becoming eligible for visa-free entry into the USA....

60. Government extends electricity subsidies amid high temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....