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1. Akamas road project delayed again as investigation continues

Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....

2. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

3. Finance Minister stands firm on economic stability amid rising pressures

In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...

4. New subsidy scheme aims to lighten home loan interest rates

A new Interest Rate Subsidy Scheme for home loans is on the horizon, promising to ease the financial burden for many homebuyers....

5. Cabinet greenlights solar water heating grants up to €900

The Cabinet approved a grant scheme on Wednesday aimed at installing solar water heating systems in homes, according to Energy, Commerce, and Industry Minister Giorgos Papanastasiou....

6. First Lady returns to Foreign Affairs duties amid allowance controversy

First Lady Philippa Karsera-Christodoulides is set to return to her position at the Ministry of Foreign Affairs following the expiration of her unpaid leave granted after her husband, Nikos Christodoulides, was elected President of the Republic. ...

7. Electricity subsidies and zero vat on essentials to end on October 1st

The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....

8. Athens and Nicosia reach tentative agreement on energy project

According to a report by Kathimerini's Apostolos Tomaras, a tentative agreement between Athens and Nicosia, backed by the European Commission, has eased uncertainty surrounding a significant energy project. ...

9. Government rolls out €400 laptop grants for middle school students

Following the President's announcement of the "At Every Start, Together" initiative aimed at supporting students at the beginning of the new school year and easing family......

10. President unveils €9.5M support package for students and families

President Nicos Christodoulides announced a new package of measures aimed at supporting students and alleviating family budgets amid rising inflation and costs. The initiative, titled "Together at Every Beginning," is designed to assist families as the new school year approaches....

11. Vasilikos: Cyprus political figures and public officials to be summoned

The European Public Prosecutor's Office has launched an investigation into the construction contract of the Natural Gas Terminal (NGA) in Vasilikos, Cyprus....

12. 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......

13. Cabinet expands subsidies for infertility treatment

The Cyprus Cabinet has greenlit an amended plan that significantly enhances subsidies for infertility treatment, Health Minister Michael Damianos announced Tuesday....

14. 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. ...

15. Government extends subsidies to ease cost of living crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

16. Cyprus nears visa-free US travel in final stages

sident of the Republic Nikos Christodoulides said Wednesday that Cyprus is at the final stage regarding joining the Visa Waiver Program thus becoming eligible for visa-free entry into the USA....

17. Government extends electricity subsidies amid high temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....

18. Will Cabinet decide to extend electricity subsidies?

The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....

19. Cyprus plans €3.1B climate investment by 2030

Cyprus’ total investment on climate change in both EU and public funds as well as private investments are estimated to amount to €3.1 billion by 2030, the Finance Ministry has said....

20. EU to impose up to 25% tax on imported Chinese EVs

The European Commission is set to notify car makers on Wednesday that it will provisionally apply additional duties of up to 25% on imported Chinese electric vehicles (EVs) starting next month, according to the Financial Times, citing sources familiar with the matter....

21. Consumer protection urges photovoltaic market research

The Consumer Protection Service of the Ministry of Energy emphasizes the importance of thorough market research for consumers considering the installation of photovoltaic systems....

22. Hadjimanoli: ''We hope to expand into the Asian market''

Marina Hadjimanoli stepped into her role as Deputy Minister of Shipping amidst a period of upheaval, with the shipping sector grappling with various challenges including geopolitical conflicts and safeguarding supply chains against potential terrorist threats targeting merchant vessels....

23. Macron declares ''Europe is mortal,'' calls for unity

The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said. ...

24. Government unveils ambitious housing strategy, Minister Ioannou reveals

The government has set the people and their servicing without undue inconvenience at the core of its policies, Minister of the Interior Constantinos Ioannou said on Tuesday, adding the Ministry is working on issuing of public documents the Civil Registry Department. ...

25. Cyprus-Greece ferry bookings open on Wednesday

The Deputy Ministry of Shipping announced the commencement of the third season of operation for the Cyprus-Greece Maritime Passenger Link in a press conference held on Tuesday, April 16, 2024....

26. Cyprus-Greece ferry service resumes for third year

The Cyprus-Greece maritime passenger connection is set to resume for the third consecutive year, subsidized by the state following approval from the European Commission, ...

27. EU probes Chinese subsidy claims in Romania solar tender

28. Gasoline prices rise across Cyprus provinces after subsidy removal

Following the elimination of the 8.3-cent subsidy per liter on April 1st, increases in the average price of 95-octane gasoline have been observed in the provinces of Limassol, Nicosia, and Famagusta, with the exception of Paphos, where the price only rose by 8 cents....

29. Cyprus ends fuel tax break, prices set to spike from April 1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

30. Cyprus sees surge in electric vehicle interest, prompts policy review

Two months after the launch of Cyprus' electric vehicle subsidy program, public interest is surging, prompting officials to review policy measures....