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61. Cyprus and Chevron set timeline for Aphrodite gas field resolution

The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays....

62. US sanctions two Cypriots over spyware threat

Two Cypriot individuals were included in the new designations issued on Monday by the Treasury’s Office of Foreign Assets Control (OFAC)....

63. New Cyprus-Baltic business association to strengthen economic ties

The Cyprus Chamber of Commerce and Industry (CCCI) announced the establishment of the Cyprus-Baltic States Business Association aiming to promote, expand and encourage economic and trade relations between Cyprus and the Baltic States....

64. Cyprus-Crete electricity link should cut costs by 20-25%

The Cyprus-Crete electricity interconnection project could reduce electricity costs by 20-25%, according to Cyprus Energy Minister George Papanastasiou. ...

65. U.S. seizes Venezuelan President Maduro’s private jet

The United States has seized a plane used by Venezuelan President Nicolás Maduro, citing violations of U.S. sanctions and other criminal activities....

66. Former Ministers to pay fines after Interconnector tax probe

Fines and fees for former officials linked to Interconnector companies....

67. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

68. Cyprus signs €50 million contract for smart meters

A €50 mln contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA)....

69. Chamber of Commerce warns of risks from Cyprus’ 1.5% wage hike

The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....

70. The 'Great Sea Interconnector' will cut electricity costs by 30%

Minister of Energy, Commerce, and Industry George Papanastasiou is set to meet with the management of Greece's Independent Power Transmission Operator (ADMIE) on Thursday to receive a comprehensive Cost and Benefit Analysis (CBA) for the Great Sea Interconnector (GSI) project, linking Cyprus, Greece, and Israel....

71. Cyprus sets course for cheaper electricity in 2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

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

73. Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

74. Temu, Shein & Ali Express: EU cracks down on Chinese imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

75. 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. ...

76. 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......

77. 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....

78. 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....

79. Montenegro's President Milatović to visit Cyprus

President of Montenegro Jakov Milatović is set to make a historic visit to Cyprus from June 6-8, marking the first official visit by a Montenegrin president to the country....

80. Tatar affirms growth of 'strong Turkish presence' in Cyprus

The Turkish Cypriot leader, Ersin Tatar, asserted during a lecture titled "Lessons Learned from the May 27 Coup and the Peace Operation in Cyprus......

81. Vasiliko: President dismisses 'velvet divorce' talks with Chinese firm

Cyprus President Nikos Christodoulides dismissed reports of a "velvet divorce" with the Chinese state-owned company CPP regarding the liquefied natural gas (LNG) terminal in Vasiliko....

82. Government prioritizes cross-border electricity links at EU council

Electricity interconnection with third countries is a constant priority for Cyprus, the Permanent Secretary of the Ministry of Energy, Commerce and Industry......

83. Some supermarkets charging more than advertised, says CPS

The Consumer Protection Service of the Ministry of Commerce in Cyprus is urging greater transparency in supermarket pricing, requesting the disclosure of discounts offered by supermarkets and the names of those included in the Price Observatory....

84. Cypriot lecturer named fellow of US Institute of Food Technologists

The University of Nicosia is delighted to announce that Dr. Phrosso Economidou Hadjilucas, a distinguished member of its teaching staff......

85. Limassol hosts inaugural Propeller Club event

The first Propeller Club event in Limassol convened shipping industry executives and institutional officials, marking a significant milestone in maritime cooperation....

86. St. Kitts and Nevis appoints Joseph Borghese as Special Envoy for FDIs

In a strategic effort to boost Foreign Direct Investment (FDI) initiatives, the Government of the Federation of St. Kitts and Nevis has appointed His Excellency Joseph Borghese as Special Envoy for Foreign Direct Investments. ...

87. Deloitte announces 2024 Technology FAST 50 rankings

Cyprus based Capital.com claims top spot for the third consecutive year exhibiting 4411% growth in revenues ...

88. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

89. Minister stands against early fees for Great Sea Interconnector

Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....

90. Workplace harassment hits 1 in 3, EU report finds

A third of sexual harassment occurs in the workplace, European Commissioner for Health and Food Safety Stella Kyriakides said at an event organised by Cyprus Workers......