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511. Urgent call to liberalize electricity market

Mr. Neophytou attended the Annual General Assembly of the Electricity Market Association (EMA) on Thursday, June 29th, and delivered a greeting. ...

512. Positive outlook for Cyprus-Israel pipeline

Energy, Commerce, and Industry Minister George Papanastasiou expressed optimism regarding the construction of a pipeline between Cyprus and Israel, following a meeting with ENI CEO Claudio Descalzi...

513.  Land sales surge in Akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

514. Akamas will be scanned by drones to find illegal converstions

Interior Minister Constantinos Ioannou has outlined the forthcoming measures to address complaints concerning livestock farms in the protected Akamas area,...

515. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

516. Illegal construction in Akamas linked to wealthy businessman with political ties

An investigation conducted by "K" magazine has shed light on eight instances of illegal construction in Akamas, with two cases already in court proceedings....

517. Obama engages with global leaders in Athens for foundation program

Former US President Barack Obama is in Athens on Wednesday where he will meet 105 members of the Barack Obama Foundation Leaders program. ...

518. The future building of Legal Service in Cyprus

The Legal Service unveiled a photo showcasing the design of its new building, through a Twitter post. ...

519. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

520. Ineia community leader denies shed conversions in Akamas

The community leader of Ineia, Yagos Tsivikos, strongly denies reports suggesting the conversion of traditional sheds into summer villas in Akamas. In an open letter, he dismisses these claims as deliberate misinformation, asserting that there are already numerous sheds in Ineia....

521. Office space, shops, and commercial land for sale by AstroBank

522. Nicosia attracts millions in investment opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

523. Turkish president orders completion of illegal airport infrastructure

After the order of the Turkish President to complete and inaugurate the new runway and terminal of the illegal airport in Tymbou on July 20, action has been taken by the "government," writes Geni Duzen, noting that the "regulation" for the "certification of construction, development, licensing, and operation of airports (amendment)" and the "regulation" for the "principles and procedures to be applied in construction tenders (Amendment)" has been published in the "official gazette."...

524. Controversy surrounds expansion of occupied airport

Without receiving significant coverage from the Greek Cypriot media, Turkish Vice President Cevdet Yilmaz made a substantial visit to the so-called TRNC following Erdogan's illegal visit....

525. Construction materials prices stabilize as index drops in May

Construction materials prices started to stabilize in Cyprus, with the Price Index of Construction Materials decreasing 0.06% in May, compared to April, according to data published by the Cyprus Statistical Service on Monday. The Price Index of Construction Materials for May 2023 reached 135.51 units (base year 2015=100)....

526. This is how Lara will be developed

The reform of local government undeniably represents a crucial stride towards modernizing our state....

527. From animal pens to vacation retreats: The illegal conversion of Akamas shelters

Several months prior to the scheduled implementation of the Akamas plan, stone buildings are emerging in the heart of the forest, completely unrelated to livestock housing, which abounds in the surrounding area. ...

528. Turkish president's construction plans in occupied Kato Deryneia

In a recent statement, Deryneia Mayor Andros Karayiannis expressed concerns regarding Turkish President Recep Tayyip Erdogan's plans for the construction of over a thousand residential units in occupied Kato Deryneia. ...

529. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

530. Anticipating the arrival of natural gas in Cyprus

After attending a workshop on energy issues in Nicosia and engaging in meetings with stakeholders in the UK, George Papanastasiou, the Minister of Energy, Trade, and Industry, is now embarking on a two-day working visit to Israel. ...

531. Cyprus launches €60 million project for bus stops

According to a report on Philenews, Cyprus is poised to witness a groundbreaking transformation in its public transportation system through an ambitious project aimed at upgrading bus stops across the island....

532. Erdogan's controversial visit to the occupied areas

Breaking from tradition, Turkish President Recep Tayyip Erdogan embarked on an unauthorized visit to the "TRNC" before his scheduled trip to Azerbaijan on June 13....

533. Cyprus housing prices rise amid increased demand

During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....

534. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

535. Registered jobless numbers drop in May indicating declining unemployment

According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....

536. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

537. AI-driven job losses surge marking a disturbing trend

Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....

538. Minister highlights progress in migration management efforts

During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....

539. Local home buyers feel priced out in divided Cyprus

Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...

540. China digs deeper to explore new frontiers

Chinese scientists have begun drilling a 10,000-meter (32,808 feet) hole into the Earth’s crust, as the world’s second-largest economy explores new frontiers above and below the planet’s surface....