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61. Cablenet breaks the 10% market share barrier in mobile contract subscriptions

The market share report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR) for the Electronic Communications market until the end of 2023 was fully aligned with Cablenet's 2023 financial performance....

62. Another record year for Cablenet

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022...

63. Inflation and new markets propel spending close to €3 billion in 2023

Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...

64. Airbnb soars in Cyprus as over 6,700 properties embrace the trend

In Cyprus, there's a growing trend in tourist accommodation preferences, with an increasing number opting for self-catering options like Airbnb, according to Marios Tsianakas,...

65. Kato Pyrgos aims to become Cyprus' first energy self-sufficient community

Inspired by the success of the Tilos Project, the first operational renewable energy initiative that achieved energy independence for the island of Tilos, Kato Pyrgos aspires to become the first energy self-sufficient community in Cyprus. ...

66. Cyprus confirms extensive gas find in 'Cronos-2' project

The Ministry of Energy, Commerce, and Industry announced the successful completion of the assessment drilling operations for "Cronos-2" within Block 6 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus....

67. Cyprus faces €40M setback in smart meter implementation

A €40 million allocation from the Recovery and Resilience Fund, earmarked for the purchase and installation of smart meters, is in jeopardy due to tight timetables....

68. The sloppiness of our 'Big Brother'

The Cypriot's life is filled with cameras: pocket cameras worth 1,000 euros that also take phone calls, home cameras warding off unwanted visitors, and now cameras on the main arteries of the road network. ...

69. Cyprus considers participation in Great Sea Interconnector project

In today's session of the Council of Ministers, the discussion continues on the proposal jointly submitted by Minister of Energy, Commerce, and Industry, George Papastasiou, and Minister of Finance......

70. Cyprus set to join Great Sea Interconnector project

In a significant move aimed at enhancing regional energy cooperation, Cyprus is considering participation in the ambitious Great Sea Interconnector project, according to statements from government officials....

71. Great Sea Interconnector secures €164.5M boost in European funding

The Independent Electricity Transmission Operator of Greece (ADMIE) has announced a substantial increase in European funding for the Great Sea Interconnector project, soaring from €55.2 million to €164.5 million....

72. Cameras cut road deaths by 18% in two years

The two-year operation of the photo-labeling system, initiated on 1/1/2022 with four mobile and four fixed cameras, has witnessed a remarkable success in enhancing road safety....

73. ENI unearths natural gas treasure in Cyprus

ENI’s drilling in ''Cronos-2'' target in Cyprus’ exclusive economic zone (EEZ) block 6 seems to have discovered a natural gas reservoir with sources telling CNA that gas flaring was carried out yesterday....

74. Cyprus secures €40M boost for green energy storage

The Republic of Cyprus has secured €40 million from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables....

75. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

76. Deloitte’s Tax Facts 2024

77. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....

78. Aging global shipping fleet raises environmental concerns

The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....

79. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

80. Finland and Sweden hit -40°C, breaking winter records

In an unprecedented turn of weather events, Finland and Sweden were plunged into the depths of winter as temperatures hit a bone-chilling minus 40 degrees Celsius, marking the coldest recorded temperatures of the season. ...

81. How Cyprus and Chevron found common ground

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....

82. Berlin to Paris: First sleeper train in 20 years hits tracks

In a collaborative effort, SNCF and Deutsche Bahn, the French and German national train operators, join forces with Austrian company ÖBB to resurrect the night train experience across Europe....

83. Cyprus consortium's March deadline for 'Aphrodite' gas field revamp

The consortium licensed for Cyprus’ ''Aphrodite'' gas field will update the development and production plan of the field by March 31, as announced by the Minister of Energy, Commerce, and Industry, George Papanastasiou....

84. Crisis averted as Cyprus and Chevron reach compromise

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...

85. Israelis alarmed at security hole in occupied territories

Benjamin Netanyahu's announcement, following Kathimerini's revelation that the Cyprus Intelligence Service prevented a strike against Israelis by arresting two Iranians linked to the Iranian Revolutionary Guards, ...

86. Planned attack against Jews in Cyprus thwarted

The Cypriot police arrested two Iranians last month, alleging their connection to the Iranian Revolutionary Guards of Iran (IRGC), targeting Jewish citizens in Cyprus....

87. Cyprus and Chevron forge agreement on 'Aphrodite' gas field upgrade

The Cyprus Government and Chevron Corporation are moving forward with the update of the existing development and production plan for "Aphrodite" gas field in Cyprus’ Exclusive Economic Zone (EEZ)....

88. Chevron delays engineering design for 'Aphrodite' gas field

Chevron Corp, the operator of the ''Aphrodite'' gas field in Cyprus’ block 12 has requested an extension for the commencement of the Front-End Engineering Design in a bid to “formulate together with the Cypriot government an optimal development plan” for the gas reserve, estimated to hold 4.2 trillion cubic feet....

89. Cyprus allocates 65M euros for diverse tourism initiatives in 2024

The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end. ...

90. Ministry's robust €65.2M budget signals ambitious 2024 plans

At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....