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31. Turkey expands oil and gas drilling in the Black Sea

Athens is closely monitoring Turkey’s expansion of its hydrocarbon exploration and extraction capabilities in various maritime areas. ...

32. Cyprus’ green energy struggles as market changes loom

Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....

33. Potato harvests increase in 2023 but long-term decline persists

Cyprus witnessed a modest increase in potato production in 2023, with 95,000 tonnes harvested, marking a 5.6% rise from the previous year, according to recent data from Eurostat, the European Union's statistical office....

34. Eurozone service output stable in May, up 2.5% yearly

The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared......

35. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

36. Children to craft their own play inspired by Nicosia's history

The Nicosia International Festival 2024, which actively participates in Nicosia’s candidacy for the European Capital of Culture 2030, is developing its theatrical co-creation workshop "Exploring the Theatre", with the support of the Leventis Municipal Museum of Nicosia....

37. Uber to add 100,000 electric cars to its global fleet

Uber has announced a deal to integrate 100,000 electric vehicles (EVs) from China's BYD into its global fleet....

38. Greece battles major sheep and goat plague in 11 regions

New cases of sheep and goat plague are expected in Greece, with 35 outbreaks already reported across 11 of the country's 13 regions, according to Agriculture Minister Kostas Tsiaras. Movement and slaughter bans will remain in effect next week to curb the spread....

39. Cyprus government rakes in over €424M in surpluses this year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

40. Record surge in olive oil fraud amid rising prices of 'liquid gold'

The European Union reported a record number of potential olive oil fraud and mislabeling cases in the first quarter of 2024, driven by inflationary pressures and a growing hidden market for the kitchen staple....

41. Paris apologizes for religious imagery in Olympic opening show

The Paris 2024 Olympic opening ceremony, held on July 26, 2024, faced both controversy and mixed reviews. ...

42. 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....

43. 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....

44. 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....

45. 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......

46. 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....

47. 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......

48. 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....

49. 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%....

50. 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....

51. 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....

52. 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....

53. Fikardos Winery: Crafting award-winning Cypriot wines

54. 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....

55. 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....

56. 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....

57. 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....

58. Ygea Farm receives accolade for organic egg production

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

59. 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......

60. 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....