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841. Cyprus tourism faces €25 million Hit

The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...

842. Cyprus advances road safety with Intelligent Transport Systems

In a bid to modernize its main road network and bolster transport safety, Cyprus is rolling out state-of-the-art intelligent transport systems (ITS) across key routes. ...

843. 'Land of Tomorrow' set to transform Larnaca's coastline

The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...

844. Cyprus sets course for cheaper electricity in 2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

845. No progress on Cyprus-Greece electricity interconnection project

No progress was made on the Cyprus side's position regarding the Crete-Cyprus electricity interconnection project during yesterday's teleconference, initiated by the European Commission and involving stakeholders from Greece and Cyprus....

846. Chinese consortium exits Vasilikos LNG project

The Chinese CPP-METRON Consortium Ltd (CMC Ltd) is set to exit the unfinished photovoltaic (PV) terminal project in Vasilikos, according to Cyprus' Energy Minister George Papanastasiou. ...

847. Murder investigation heats up, land deal at heart of Mykonos feud

The murder of topographer Panagiotis Stathis in Psychiko has cast a fresh spotlight on a contentious plot of land in Mykonos, believed to be the epicenter of a bitter dispute between Stathis and a local businessman....

848. Cyprus grapples with energy future amid interconnector debate

The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....

849. Cyprus faces crucial decision as LNG terminal contract nears end

Energy Minister George Papanastasiou announced on Tuesday that the contract between the Natural Gas Infrastructure Company (ETYFA) and the CPP-METRON Consortium Ltd (CMC Ltd) for the Vasilikos liquefied natural gas (LNG) terminal construction is approaching its conclusion....

850. Mayor leads effort to beautify Kato Paphos tourist area

Mayor Phaedon Phaedonos of Paphos has taken a hands-on approach to enhance the aesthetic appeal of the city's popular tourist area, Kato Paphos....

851. Ikea to open store on New York's chic 5th Ave

IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday....

852. Alphamega and Bean Bar ranked among the top 20 Investors in People employers worldwide

853. 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....

854. Starmer ends Rwanda asylum plan, calls for practical solutions

Newly elected Prime Minister Keir Starmer announced today that his government will not proceed with the previous administration's plan to send asylum seekers arriving in small boats to Rwanda....

855. Complaint filed against Larnaca Wetland construction

The Larnaca Salt Lake Wetland Protection Group has raised alarms over recent interventions in the Natura 2000 site, urging immediate action to halt ongoing projects....

856. 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....

857. Bronze age relics unearthed at Erimi-Pitharka, Limassol

The Erimi-Pitharka archaeological site, in Limassol district, dates to the Late Bronze Age, in accordance with previous findings, a press release issued by the Department of Antiquities of the Deputy Ministry of Culture says....

858. Cyprus Law Commissioner teams up with Ireland to improve legal system

Law Commissioner Louisa Christodoulou Zannetou recently engaged in a virtual meeting with Ireland’s Law Reform Commission Chairman Justice Frank Clarke and Commissioner Richard Barrett. ...

859. Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

860. 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....

861. 1.77 million euro Troodos observatory hopes to inspire wonder

A new space observatory in Cyprus looks like it just uncloaked itself on the set of a sci-fi movie and is ready for takeoff....

862. Cyprus risks losing €657M EU grant for Interconnector project, says Energy Minister

Energy Minister George Papanastasiou expressed concerns over the potential withdrawal of a €657 million subsidy by the European Commission for the electricity interconnection project between Cyprus and Greece......

863. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

864. Cyprus President denies ENI's plan to sell off sea rights

President of the Republic Nikos Christodoulides has refuted reports that ENI intents to sell its rights in Cyprus' EEZ. ...

865. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

866. Athens warns Nicosia to reverse delays in power grid project

The ambitious electricity interconnection project linking Cyprus with the European power grids through Greece faces significant hurdles as tensions rise between Athens and Nicosia....

867. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

868. How France's nationalist shift could shape Cyprus' future

In France, the prospect of nationalists potentially clinching a decisive majority in the upcoming parliamentary elections has stirred apprehension in Brussels and Berlin....

869. 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......

870. Yet another extension granted to Cyfield for Nicosia motorway

The Ministry of Transport, Communications, and Works has approved yet another extension for the construction of the Nicosia peripheral motorway, pushing the completion date to mid-August 2024. ...