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181. Larnaca Marina gets €30M upgrade, port project postponed

The government abandoned the joint development of the Larnaca port and marina, announcing on Thursday projects estimated at over €30 million to upgrade the marina and the surrounding area, heeding the suggestions of the city’s local stakeholders....

182. Politics Blog: Cyprus wins the gold medal for corruption

The column, in an unsuspecting moment and while all the relevant officials were reassuring you, was the first to write about the impending fiasco of the mammoth projects in Larnaca and warned that what would follow with the project in Vasilikos would be infinitely worse....

183. 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. ...

184. Cypriot and Swiss officials discuss migration cooperation

Cypriot Deputy Minister of Migration and International Protection Nicholas Ioannides thanked his Swiss counterpart, Christine Schraner Burgener, over her country’s financing of infrastructure of the Cypriot Asylum Service. ...

185. Kyriacos Kokkinos appointed to European Institute of Innovation & Technology board

Kyriacos Kokkinos, Former Deputy Minister for Research, Innovation and Technology has been appointed by the European Commissioner for Innovation......

186. Anastasiades speaks out on Cyprus solution, corruption, and political ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

187. ''Christodoulides’ success built on my policies,'' says Anastasiades

Former President Nicos Anastasiades has criticized current President Nicos Christodoulides for taking credit for projects initiated by the previous administration....

188. Apartment prices up 13.9% yearly, house price growth slows

In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....

189. Turmoil at Vasilikos as Chinese consortium pulls out, terminal project in limbo

The sudden withdrawal of the CPP-METRON CONSORTIUM LTD from the Vasilikos terminal project has added a new layer of complexity to the already troubled initiative. ...

190. BBF, Proud Sponsor of the Year for Limassol Nautical Club, at Road to Paris 2024 Press Conference

BBF, the Official Sponsor Partner of the Limassol Nautical Club (LNC) for the year 2023-24, proudly attended a Press Conference held at the LNC premises on Friday, 12 July 2024, ...

191. Construction of youth housing in occupied Cyprus to begin next month

Within a month, construction will commence on social housing projects for young people in the occupied areas of Morphou and Gerolakkos, according to "Prime Minister" Unal Ustel....

192. Public works enforces €100,000 fine for Nicosia ring road delay

The Public Works Department has activated a contract clause imposing penalties on Cyfield Construction Ltd. for delays in the completion of the first phase of the Nicosia Ring Road....

193. 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....

194. Polis Chrysochous plans industrial zone, €141M investment

The municipality of Polis Chrysochous is set to undergo a transformative development phase with planned projects totaling €141 million over the coming years, as announced by Mayor Yiotos Papachristofis. ...

195. Yet another delay in Nicosia perimeter road triggers daily penalties for CyField

CyField, the company responsible for constructing Nicosia's perimeter motorway, is bein genalized €5,500 as of today, July 16. The Transport Minister, Alexis Vafeadis, confirmed this development during an interview with SPOR FM 95.00's ''Diaspora News.''...

196. Legal challenges mount over Vasilikos Terminal abandonment

Cyprus is preparing for significant changes in its energy sector following the formal termination of the contract between the Natural Gas Infrastructure......

197. Cyprus faces financial hit as Chinese consortium exits energy project

Following the public admission by Energy Minister George Papaconstantinou, the agreed separation between Cyprus' Natural Gas Infrastructure Company (ETYFA) and the Chinese consortium CPP-METRON Consortium Ltd (CMC Ltd) is imminent, according to a report by Apostolos Tomaras in this Sunday's printed edition of Kathimerini....

198. 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. ...

199. 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....

200. 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....

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

202. 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....

203. 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....

204. 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. ...

205. 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. ...

206. 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. ...

207. 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....

208. Prountzos says municipalities are here to serve the citizens

The newly appointed Mayor of Nicosia, Charalambos Prountzos, expressed strong confidence in the success of local government reform during the mayoral handover ceremony....

209. Is Larnaca the new Limassol?

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

210. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...