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451. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

452. EIB President visits Cyprus to discuss support for new investments

European Investment Bank President, Werner Hoyer, is in Nicosia meeting with representatives of the Cypriot Government today....

453. Cyprus breaks into the French market

New prospects for tourist arrivals from France have opened both in the short-term and medium-term, Deputy Tourism Minister Savvas Perdios has told CNA, noting that Cyprus has managed to break into the French market after three long years....

454. Cyprus growth expected to ‘slow sharply’

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund has said, adding that the key near-term challenge “is to calibrate a policy response to the economic fallout from the war in Ukraine.”...

455. Lagarde: Cyprus will be affected by inflation and rising energy costs

Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....

456. Nicosia roundtable calls on Cyprus to reexamine sanctions

Leaders from the Russian business community in the Republic of Cyprus are calling on the government to reexamine sanctions in the wake of the war in Ukraine, saying the measures were hurting the island nation...

457. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....

458. RCB Bank invites depositors to withdraw their money

RCB Bank will invite its depositors to withdraw their money. According to Kathimerini sources, RCB Bank customers are expected to be able to either receive their deposits on hand or transfer them to other Cypriot banks....

459. EU releases €3.4B to help countries accommodating Ukrainian refugees

The European Union will release €3.4 billion in recovery funds to help countries absorb refugees from Ukraine fleeing the Russian invasion, the Commission said on Wednesday....

460. Abramovich superyacht 'Eclipse' docks in Marmaris

A second superyacht linked to Russian billionaire Roman Abramovich docked in a Turkish resort on Tuesday and sources familiar with the discussions said he and other wealthy Russians were looking to invest in Turkey given sanctions elsewhere....

461. Fast track procedure for building permits

More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris said on Saturday addressing the 29th General Assembly of the Cyprus Association of Civil Engineers....

462. Consulco hosted the digital event ''UK Economy and Real Estate Outlook''

Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...

463. Moscow jumps on Burisma links to Kiev

Moscow has put together an elaborate diagram alleging Biden connections to Ukrainian biological labs, with new revelations initially described by Washington as “Russian disinformation” now gaining traction in the United States and reaching all the way to Cyprus...

464. Energy Minister expects developments on Cyprus' confirmed gas deposits

Cyprus’ Minister of Energy, Trade and Industry Natasa Pilides has told CNA she expects developments soon regarding the exploitation of Cypriot natural gas fields, given the large increase in natural gas prices internationally....

465. The Med gets first offshore wind farm as Italy vows energy revolution

The Mediterranean's first offshore wind farm is rising from the shallows off Italy, its turbines a symbol of hope for a Europe suffering an energy crisis exacerbated by war....

466. The Cypriot oligarch and passports

On the first day of the invasion, Thursday, February 24, as Ukrainian cities were being bombed by the Russian army, Vladimir Putin met with 37 businessmen and members of his government to assess the impact of sanctions already imposed by the United States and members of the European Union....

467. Cyprus is losing its Russians, confronting existential questions about its economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

468. An EU-wide ban on 'golden passports' and the Ukrainian crisis on the agenda

The European Parliament is scheduled to have its plenary session this week from the 7th to the 10th of March in Strasbourg. On the agenda will be, most importantly, the Ukrainian issue as well as a discussion on an EU-wide ban on citizenship by investment schemes....

469. Versailles summit: Difference of views on Ukraine's accession, Eurobond

VERSAILLES - RESPONSE. Resistance within the EU is strong against new excesses to deal with the multifaceted crisis that erupted with the Russian invasion of Ukraine. ...

470. Exports of halloumi, medicine and other local products to the UAE

The enhancement of trade relations between Cyprus and the UAE, was discussed on Wednesday in Dubai, during a meeting between Cyprus Energy, Commerce, and Industry Minister, Natasa Pilides, and UAE Minister of State for Foreign Trade Thani Ahmad Al Zeyoudi....

471. Hoyle highlights strong Cyprus-UK friendship while MP's call for support on various issues

The United Kingdom fully supports Cyprus, the Speaker of the House of Commons Sir Lindsay Hoyle told the Foreign and European Affairs Committee of the House of Representatives on Tuesday....

472. AEGEAN to have Wi-Fi on flights

From today, all AEGEAN passengers traveling on one of the already equipped AIRBUS neo aircraft will have the opportunity to browse the internet, manage their emails, access social media and messaging applications, as well as download video and audio content....

473. Facebook entrenching Greece on tech map

The Facebook parent company, Meta Platforms, Inc, is reportedly in advanced discussions for the establishment of a Greek subsidiary, under whose umbrella international activities that are currently being implemented in other countries can be transferred....

474. Op-ed: The EastMed project and dilemmas over energy strategy

The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...

475. Teddy Sagi's Playtech embroiled in takeover battle

Israeli billionaire Teddy Sagi, the founder of Playtech, declined to comment on the withdrawal of Eddie Jordan's potential bid for the online gambling company he founded back in 1999....

476. Nouris calls on EU partners to conclude agreement between FRONTEX and Turkey

Cyprus Minister of Interior, Nicos Nouris, has called for the conclusion of a Status Agreement between FRONTEX and Turkey, as a matter of urgency and as a condition for additional EU support to Turkey....

477. Tatar: A campaign to recognize the pseudo-state

478. Cyprus economy grew by 5.7% in 2021 according to Eurostat

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....

479. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

480. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...