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31. Nicosia's old GSP transformed into urban park ready for public use

The long-awaited redevelopment of the old GSP site is nearly complete and is set to be handed over to the Nicosia Municipality in March. ...

32. Cyprus strikes energy deals, but ‘Aphrodite’ gas delayed until 2031

Last Friday marked the conclusion of long-running negotiations between the Republic of Cyprus and the consortium developing the Aphrodite gas field, led by U.S. energy giant Chevron. ...

33. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

34. Cyprus and Egypt join forces on major energy projects

The Christodoulides administration places great strategic importance—both in terms of energy and geopolitics—on the President’s visit to Egypt....

35. Cyprus' energy landscape shifts as ENI, Total, and Kogas withdraw from blocks

The energy landscape of Cyprus' exclusive economic zone (EEZ) is set for a major shift as the French-Italian-Korean consortium of Total, ENI, and Kogas prepares to exit Blocks 2, 3, and 9 at the end of January....

36. Cyprus ends gas exploration in blocks 2, 3, and 9 after unsuccessful results

The exploitation licences in blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ) have expired and have not been renewed, as the exploration did not show exploitable natural gas deposits, Minister of Energy, Trade and Industry George Papanastasiou confirmed to the Cyprus News Agency (CYPE)....

37. Old GSP redevelopment nears completion, set to transform Nicosia’s historic centre

The long-anticipated redevelopment of the old GSP stadium in the heart of Nicosia is set to be handed over to the public this month, marking a major step in the revitalization of the capital’s historic centre....

38. Latchi port expansion to transform Polis Chrysochous

The long-anticipated expansion of Latchi Port, managed by the Cyprus Ports Authority, is once again gaining momentum. The project, considered a game-changer for Polis Chrysochous, promises to bring significant economic and social benefits to the region....

39. TikTok goes dark in the US: What happened and what's next?

TikTok, the popular social media app, disappeared from U.S. app stores late Saturday night after a federal law banning its operation came into effect. ...

40. 2024: A year that seriously damaged Cyprus’s investment reputation

2024 will go down in history as a year that seriously damaged Cyprus’s investment reputation, with the collapse of several high-profile state projects....

41. ExxonMobil to begin drilling in Cyprus’ EEZ in January 2025

ExxonMobil’s drilling rig is set to begin operations in Cyprus’ Exclusive Economic Zone (EEZ) in mid-January 2025, according to Energy Minister George Papanastasiou. The rig will target the "Electra" site in Block 5, with the drilling process expected to last approximately one month....

42. The Vatican, politics, and our underwater cable: A humorous take on Cyprus life

I read it, and I couldn’t believe my eyes. The Vatican is facing serious financial problems....

43. Cyprus bank account linked to dark web ‘King of Coke'

The International Consortium of Investigative Journalists (ICIJ), known for its groundbreaking Pandora Papers revelations, has published a report exposing the activities of Mark Chikarowski—an Australian who operated under the pseudonym...

44. Major developments expected in 2025 for Vasilikos

The year 2025 is shaping up to be pivotal for the long-delayed PV terminal project in Vasilikos, following last year’s setback caused by the withdrawal of the Chinese consortium CMC. ...

45. Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

46. PwC Cyprus partners with leading companies for groundbreaking Project Symbiosis

A leading Consortium comprised of PwC Cyprus, Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded the Project Symbiosis to Harmonise Offshore Renewable Energy with Defence Operations by the European Defence Agency (EDA)....

47. EU probes €101 million grant in Vasilikos project and Cyprus officials' role

The European Public Prosecutor's Office (EPPO) investigation into potential misconduct involving Cyprus's Vasilikos liquefied natural gas (LNG) terminal project, which received €101 million in EU funds, is advancing and is now in a critical phase, according to a report by APostolos Tomaras....

48. Euronet remains only bidder in delayed JCC sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

49. University of Nicosia Hosts Ceremonial Event for NEOLAiA European University Alliance

50. Cyprus reaches agreement for delivery of FSRU

The Cypriot government and a Chinese consortium have come to an agreement for the delivery of the floating storage regasification unit (FSRU) ''Prometheus,'' which is expected to be finalized within 60 days....

51. Vasilikos terminal in limbo as negotiations hang by a thread

According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....

52. 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)....

53. Energy minister and finance minister clash over Cyprus' energy future

The Republic of Cyprus is at a critical juncture in its energy sector as multiple projects face delays and uncertainty, raising concerns about the country's future energy security and international relations....

54. Aphrodite field consortium updates plan amid Cypriot energy dispute

Partners of the consortium for the “Aphrodite” gas field in block 12 of the Cypriot Exclusive Economic Zone said they intend to submit in the coming days to the Cypriot government for approval an “updated development plan”, on the basis of the previous development and production plan, as approved by the government, following a notice for breach of contract sent by the Cypriot Minister of Energy....

55. Tender for Vassiliko LNG terminal project manager expected today

Natural Gas Infrastructure Company (ETYFA) Board of Directors meets at 10 am local time on Tuesday to discuss issue of the liquefied natural gas (LNG) terminal in Vassiliko. ...

56. Limassol’s recurring pollution problem: Calls for stronger government action

A recurring pollution problem in the Limassol sea has once again provoked strong reactions from citizens, highlighting a lack of coordination among state departments. ...

57. Why we failed as a country

In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...

58. Cyprus and China lock horns over Vasilikos issues

Apostolos Tomaras writes in this Sunday's Kathimerini that negotiations between Cyprus and the Chinese consortium over the "PROMETHEAS" ship, currently in Shanghai, have become a contentious issue as Cyprus seeks to gain control of the vessel. ...

59. EU demands Cyprus return €101M in energy project funds

The Republic of Cyprus is preparing to respond to the European Commission by the first week of September regarding a demand to return €101 million in funding that was allocated for the Vasilikos energy terminal, Energy, Trade, and Industry Minister George Papanastasiou said Thursday....

60. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...