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1471. 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....

1472. 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....

1473. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1474. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

1475. 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....

1476. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1477. New Defense Minister pledges to protect the ''Blue Homeland''

Turkey’s newly appointed Defense Minister Yasar Guler has vowed to protect his country’s interests and the “Blue Homeland,” a revisionist doctrine expressing Ankara’s expansionist ambitions in the Aegean....

1478. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

1479. Overcoming obstacles in Cyprus' green transition

Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....

1480. The Cyprus conundrum: Hakan Fidan's potential role in shaping Turkish policy

The ''Turkish Century'' heralded by the re-election of Recep Tayyip Erdogan officially unfolds on Friday, generating interest in the individuals that the Turkish president will select for his cabinet. ...

1481. Cyprus talks up island’s shipping to India officials

Deputy Minister for Shipping Marina Hadjimanolis described the shipping sector as an invaluable asset for Cyprus, stating her determination to further strengthen Cyprus' position in global shipping...

1482. Cyprus, Greece, Jordan sign defense cooperation

Cyprus, Greece and Jordan signed a Trilateral Defence Cooperation Programme during a ceremony held on May 30 at the National Guard General Staff in Nicosia...

1483. One step for East Med gas but no giant leap

An Israeli gas company with Greek interests wants to lay a subsea pipeline from Aphrodite natural gas field to a facility in Egypt, a proposal potentially seeking to reduce time and cost but also bypassing the issue of Turkey...

1484. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

1485. EU envoy a modern European approach, says Letymbiotis

The proposal for the appointment of a special envoy from the EU for the Cyprus issue is a modern European proposal that can change the EU's relations with Turkey and solve a longstanding problem, ...

1486. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

1487. Luxury villas for sale by AstroBank

1488. Aphrodite emerges from sea but behind closed doors

NewMed Energy, one of the partners in 'Aphrodite' hydrocarbons field, listed on the Tel Aviv Stock Exchange, will officially announce the delivery of the modified development and production plan of the block on Wednesday, Cyprus Energy Minister George Papanastasiou told the Cyprus News Agency...

1489. Is there an energy plan, or isn't there?

When in 2011 Cyprus discovered natural gas in "Aphrodite," the discussion about geopolitical upgrading was so intense that it led to the creation... of a movie titled "Block 12" and the establishment of specialized studies in oil & gas....

1490. Cyprus and China discuss tourism cooperation

Deputy Minister of Tourism of Cyprus, Kostas Koumis, and Vice Minister of Culture and Tourism of China, Li Qun exchanged on Monday ideas, views and suggestions, during a meeting at the Ministry of Tourism, in Nicosia, in a bid to further strengthen the cooperation between Cyprus and China in the tourism sector...

1491. US ambassador praises Cyprus on sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

1492. Christodoulides searches for that special someone to break the deadlock

President of the Republic Nikos Christodoulides said on Thursday that he exchanged views with other EU leaders on specific European personalities that could contribute to breaking the deadlock of the Cyprus issue....

1493. Christodoulides calls island’s division a European problem

German Chancellor Olaf Scholz called for 'political courage' in Cyprus peace talks during a visit to Berlin by Cypriot President Nikos Christodoulides, who said the island’s division was a 'European problem' and Brussels could lead the way to a solution...

1494. EY: 4th Women Fit for Business Program Successfully Completed

1495. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

1496. TechIsland Presents ''Startup School''

A Groundbreaking Workshop Series for Cyprus Startups, Powered by Zubr Capital. A unique educational opportunity with free entrance...

1497. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....

1498. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

1499. Cyprus wages charm offensive on Turkmenistan

Nicosia’s ambassador to Turkmenistan presented his credentials this week, with the Cypriot diplomat who holds multiple ambassadorships in Central Asia already waging a charm offensive in a capital known for seeking neutrality on the global stage...

1500. Building land for sale by AstroBank

AstroBank is selling building land in various areas of Cyprus such as Famagusta, Paphos, Nicosia....