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1. High electricity costs in Cyprus due to lack of renewables

As high temperatures drive increased energy demand in Cyprus, the island remains heavily reliant on mazut for electricity production....

2. EU reviews impact of Chinese exit from Vasilikos' LNG terminal

The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....

3. Are we in a real estate bubble?

The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....

4. Cyprus seeks EU support to keep youth in countryside

Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......

5. Bryan Adams to perform live in Limassol this fall

Legendary singer and multi-platinum songwriter Bryan Adams is set to electrify Cyprus with a live performance at Tsirion Stadium in Limassol on October 16, 2024, as part of his global "So Happy It Hurts" Tour....

6. Ukrainian startups build low-cost robot army to combat Russia

Facing manpower shortages, overwhelming odds, and uneven international assistance, Ukraine is looking to an unlikely source for a strategic edge against......

7. Cyprus boomed in 2022 with more jobs and better services

Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....

8. Industries expanded in 2022 as Cyprus saw more jobs, higher production

Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....

9. Producers must increase goat and sheep's milk in Halloumi

Agriculture Minister Maria Panayiotou announced on Saturday a new decree to adjust milk quotas for making Halloumi cheese with Protected Designation of Origin (PDO) status. She also revealed financial support measures for the sector....

10. Cyprus faces hurdles in connecting to European electricity grid

A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....

11. State to cover €12M shortfall from licensing revenues

Interior Minister Konstantinos Ioannou expressed satisfaction with the progress of the Local Government Reform, despite minor issues during the initial days of its implementation....

12. Fikardos Winery: Crafting award-winning Cypriot wines

13. Cyprus joins European effort to combat desertification in rural areas

Cyprus participates in a new project aimed at combating desertification in rural areas of Southern Europe and Northern Africa, the Cyprus Institute said in an announcement on Thursday....

14. Cyprus trade sector sees 20.7% surge in 2022 turnover

Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....

15. Nicosia's 7th Epic Street Fest delights thousands

On the afternoon of Tuesday, July 2, about 2000 people gathered in the heart of the capital city, reveling under the summer sky with music from some of the island’s top DJs, courtesy of Deejay Radio, at the 7th Epic Street Fest Nicosia....

16. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

17. Ygea Farm receives accolade for organic egg production

George Konstantinides established Ygea Farm two decades ago in the fertile meadows just outside Mathiatis. ...

18. Cyprus secures halloumi PDO status with 5-year plan

Cyprus has been granted a 5-year transition period by the European Commission to comply with the requirements for the production of halloumi......

19. EU funds drive Cyprus organic plant production with €5.2M

The Cyprus Agricultural Payments Organization (CAPO) has disbursed over 5 million euros to beneficiaries under Action A.A. 1.4 - Organic Plant Production of Cyprus' Strategic CAP Plan for the 2023-2027 programming period....

20. Great Sea Interconnector study outlines benefits July 11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

21. Government halts heavy industry in Vasilikos

The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....

22. US pushes for equal religious access across Cyprus

Representatives of the U.S. Embassy met with officials from the Ministries of Interior, Foreign Affairs, and Justice of the Republic of Cyprus to discuss religious......

23. Salata Farm wins Award for Excellence in halloumi production

A farming family in Pachna is steadfastly continuing Cyprus's rich cheese-making heritage. Situated in an ideal location with its own microclimate......

24. Pancyprian Amateur Theatre Festival returns to Cyprus this October

The Cyprus Theatre Organisation has announced the 37th Pancyprian Amateur Theatre Festival 2024, aiming to strengthen, promote, and support amateur theatre across Cyprus....

25. Top Cypriot producers honored for their culinary excellence

Ten Cypriot agri-food producers were honored at the 10th ''Gastronomos'' Quality Awards on Thursday evening, June 27, 2024. The event, held at the old Nicosia Town Hall, celebrated a decade of achievements in Cypriot gastronomy and the promotion of local products....

26. Cyprus cancels Russian billionaires' passports from Christofias era

Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...

27. Global giants eye battery storage project in Cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

28. Transport minister Vafeades calls for fair climate laws in shipping

Transport Minister Alexis Vafeades spoke of the need to prevent the side effects of legislation to tackle climate change on the shipping sector and ports, during discussions in the Transport Council of the EU held on Tuesday in Luxembourg....

29. Cyprus achieves €600 million fiscal surplus in Q1 2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

30. Eco-friendly farming ideas from Safe-H2O-Farm project meeting

Earlier this month, The Cyprus Institute hosted the first annual meeting of the PRIMA Safe-H20-Farm project....