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1. Road to nowhere as Paphos-Polis project hits a dead end

The long-awaited Paphos-Polis Chrysochous road project has hit a major roadblock, with construction halted at just 21% completion and the Republic of Cyprus now facing legal challenges from the former contractor, INTRAKAT. ...

2. Fired Paphos-Polis road contractor wants €35 million payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

3. Cyprus fires contractor on stalled Pafos-Polis motorway project

The Cyprus Department of Public Works announced it is terminating its contract with INTRACOM Constructions S.A., the company responsible for the stalled Pafos-Polis Chrysochous motorway project, ...

4. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

5. Experts urge creation of Cyprus Digital Development Organization to drive reform

Cyprus has long sought to drive digital reform across various ministries, agencies, and central administration, but these efforts have largely fallen short....

6. Cyprus reaches agreement for delivery of FSRU

The Cypriot government and a Chinese consortium have come to an agreement for the delivery of the floating storage regasification unit (FSRU) ''Prometheus,'' which is expected to be finalized within 60 days....

7. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

8. Limassol and Larnaca set for greener urban transport

Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, making a significant step towards the the country’s transition towards greener, more accessible urban spaces....

9. Government terminates e-Justice contract after failures

A termination letter was sent today (October 2) by the relevant State Ministry, following consultations with the Legal Service, to officially end the contract for the e-justice system due to issues that arose last January. According to reports, the ministry will initiate legal action against the contractor....

10. Paphos-Polis road contractor proposals await approval

Plans to improve the road linking Paphos Airport with the city and a potential alternative route are under consideration, according to Paphos Chamber of Commerce and Industry (PCCI) President George Mais....

11. 248 air conditioners to be installed in 10 Larnaca schools

The installation of air conditioners in ten schools across the Larnaca district has begun, with a total of 248 units planned for the first phase of the project....

12. Tender for Vassiliko LNG terminal project manager expected today

Natural Gas Infrastructure Company (ETYFA) Board of Directors meets at 10 am local time on Tuesday to discuss issue of the liquefied natural gas (LNG) terminal in Vassiliko. ...

13. Cyprus and China lock horns over Vasilikos issues

Apostolos Tomaras writes in this Sunday's Kathimerini that negotiations between Cyprus and the Chinese consortium over the "PROMETHEAS" ship, currently in Shanghai, have become a contentious issue as Cyprus seeks to gain control of the vessel. ...

14. Paphos Municipality cracks down on unauthorized port practices

Under the leadership of the Paphos Municipality, various agencies responsible for the operation and management of the Paphos port have joined forces to tackle illegal activities and improve the services provided to visitors and professionals. ...

15. First phase of Nicosia highway opens, connecting major cities

The completion of the Nicosia Peripheral Highway project will ensure seamless and continuous traffic flow between western Nicosia and Larnaca......

16. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

17. Corruption at the heart of the Cyprus problem

Is there any doubt that corruption is a major reason why the Cyprus problem remains unresolved? A recent example is the Vasiliko case, the construction project of the ''Liquefied Natural Gas Storage and Regasification Terminal'' in Vasiliko....

18. Cyprus could face financial strain over Vasilikos debacle

The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....

19. Ministers allegedly unaware of EU probe into Vasiliko project

The European Commission has launched an investigation into the Vasiliko project, sparking a wave of controversy and finger-pointing among Cyprus officials....

20. 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....

21. 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....

22. Cyprus relaunches LNG terminal tender after €0.5B contract termination

Cyprus will soon launch tenders for the completion of the Liquefied Natural Gas Terminal for electricity generation, despite the termination of a €0.5 billion......

23. Eurobank to revamp Hellenic Bank's leadership in September

Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...

24. EU probes Vasilikos terminal over misuse of funds

The European Public Prosecutor’s Office (EPPO) has launched an investigation into the liquefied natural gas (LNG) import terminal project in Cyprus, citing suspicions of public procurement fraud, misuse of EU funds, and corruption. ...

25. EU Prosecutor probes Vasilikos LNG project for fraud

The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption. ...

26. Futuristic yacht stuns Mykonos with Sci-Fi design

27. Greek land registry hit by major cyberattack

A coordinated cyberattack has struck the Greek Land Registry, compromising one of its databases containing property ownership information across the country. ...

28. 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....

29. 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. ...

30. Ministry probes public works tenders from 10 years ago

A report by Apostolos Tomaras in this Sunday's Kathimerini delves into how Cyprus is grappling with significant issues in its public construction projects, like the renovation of Larnaca's port, which have faced major delays and complications....