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Посольство Кипра появится в Астане
14 December 2023
5 Comments
В 2024 году Кипр намерен открыть посольство в столице Казахстана Астане. Это поможет расширить двустороннее сотрудничество двух стран. Новость сообщает пресс-служба МИДа Республики Казахстан. Министр иностранных дел Казахстана Мурат Нуртлеу провел встречу со своим кипрским коллегой Константиносом Комбосом. В ее ходе стороны обсудили ряд важных вопросов, касающихся казахстанско-кипрских отношений. Комбос сообщил, что в целях активизации двустороннего сотрудничества правительство Кипра намерено открыть посольство в Астане в следующем году. Продолжить чтение в
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Trilogy: Finishing touches being put on Cybarco’s luxury Limassol project (pics & video)
22 November 2023
5 Comments
The countdown has begun for the long-awaited addition to the Limassol coastline, Cybarco’s Trilogy. The crews working on Trilogy are putting the final touches on the exterior of the plaza, the gardens and the facades of the two front towers, in which all the offices were sold last year and only twenty apartments remain available. Another success story for Cybarco, with a new community in the works Continue reading at
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Paphos grand bus terminal to be completed before year’s end
02 May 2023
5 Comments
Work on one of the most important urban development projects of coastal Paphos – its grand bus terminal – will be completed before the year’s end, Philenews reported on Tuesday citing insiders. Cyprus’ largest bus terminal is an initiative spearheaded by local authorities in 2021 and expected to be key not only to the mobility in the city but also to its economic future. Continue reading at source:
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S&P expects improved efficiency and profitability for Bank of Cyprus
26 April 2023
5 Comments
International credit rating agency S&P Global Ratings (S&P) on Wednesday upgraded the Bank of Cyprus and revised its outlook from stable to positive, citing the bank’s diversified business model and the reduced financial risks for the entire banking system in the country. In the same rating action, the agency confirmed the long-term and short-term ratings of the Bank of Cyprus at ‘BB-‘ and ‘B’, respectively. In addition, S&P upgraded the ratings of various Greek banks, including the National Bank, Piraeus
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Cyprus to host multiple events for European Maritime Day
22 April 2023
5 Comments
The Cyprus Marine and Maritime Institute this week announced that it will be hosting a press conference on the “European Maritime Day (EMD) in Cyprus” with parallel events taking place in Larnaca, Ayia Napa, Limassol, and Paphos from May 18 to 21, 2023. According to the announcement, this will be the first time that simultaneous events are being held across multiple locations in Cyprus. The press conference will be held at the Marina of Ayia Napa on May 15,
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Eurobank Cyprus receives international award for private banking
04 April 2023
5 Comments
Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine during its annual Global Private Banking Awards. “This important distinction, from the internationally prestigious magazine Euromoney, is an honour and a reward for the high-quality specialised services provided by the bank in the field of private banking in the Cypriot market,” the bank said in a statement. Continue
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Larnaca Municipality welcomes lack of tall buildings in “Land of Tomorrow” project
30 March 2023
5 Comments
Larnaca Municipality has welcomed the fact that the coastal town’s ambitious “Land of Tomorrow” project provides that the area’s development plans do not include tall buildings. This is what Philenews reported on Thursday, adding that the development which includes Petrolina Group land follows the natural evolution of the city without incorporating skyscrapers. Continue reading at source:
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Cyprus Business Now
30 March 2023
5 Comments
Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week by the Central Bank of Cyprus (CBC). According to the report, deposits recorded a net decrease of €583.8 million in January 2023, on a monthly basis, and stood at €51.4 billion. Moreover, compared to February 2022, deposits increased by €413 million.
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Cyprus is opening new embassies
22 March 2023
5 Comments
Cyprus is set to reopen its High Commission in Kenya and its embassy in Indonesia in 2023, while plans are also being drawn up for inaugurating embassies in Argentina and Bahrain. According to foreign ministry spokesperson Theodoros Gotsis, Cyprus’ High Commission in Kenya’s capital Nairobi already partially reopened last month. He further hailed the planned opening of the embassy in Bahrain, the only country of the Arab Gulf in which Cyprus does not yet have a diplomatic mission. Continue reading
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Cyprus Airways announces winter flight schedule and waives booking fees for a limited time
15 March 2023
5 Comments
Cyprus Airways has announced its winter flight schedule and said it is waiving booking fees for a limited time across all flights and destinations. Described as the flag-carrying airline of Cyprus, the carrier’s winter flight schedule includes a range of destinations across Europe and the Middle East, with flights to and from major cities like Athens, Paris, Tel Aviv, and Rome. According to Cyprus Airways, the schedule is designed to meet the needs of both business and leisure travellers, offering
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New hotels opening this season in Larnaca
14 March 2023
5 Comments
Larnaca will be the town to visit this summer season, what with a number of new hotels opening for the first time. These include international hotel chains that have chosen the Cypriot coastal town to launch their first business on the island. Ever since the grand opening of the luxury boutique hotel The Agora in Lefkara in late 2022, a historic hotel that went through a massive overhaul, a number of other hotel groups have shown an interest in the
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Ilya Aristov: I'd definitely recommend Cyprus for relocation
08 March 2023
5 Comments
With over 25 years of experience, teams of highly-trained engineers around the world, deep industry sector knowledge, and ongoing technology research, DataArt helps clients create custom software that improves their operations and opens new markets. And its relocation to Cyprus back in May 2022 couldn’t have been smoother and something the Head of DataArt Cyprus, Ilya Aristov, would definitely recommend: “We feel very taken care of!” Can you tell us more about your company, when you were established in
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Greek lender Eurobank ready to purchase more shares in Cyprus’ Hellenic Bank
07 March 2023
5 Comments
Greek lender Eurobank S.A. is ready to proceed with the acquisition of over 30 percent of shares in Hellenic Bank and become the main shareholder in Cyprus’ second largest lender. This is what Philenews reported on Tuesday citing Stavros Ioannou, Deputy CEO of Eurobank, Group COO & international operations. Continue reading at source:
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Cyprus scores 94.4 in World Bank's Women, Business and the Law index
07 March 2023
5 Comments
Cyprus has scored 94.4 out of 100 in the World Bank's Women, Business and the Law index for 2023. The Women, Business and the Law 2023 report assesses 190 countries’ laws and regulations in eight areas related to women’s economic participation: mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets, and pensions. The data, which are current through 1 October 2022, do not take the paid parental leave law that was voted in by the Cyprus parliament on 6 October, thus
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Pafos wins EU 2023 European Capital of Smart Tourism competition
06 March 2023
5 Comments
Pafos, on the southwest coast of the island, along with Sevilla in Spain are the winners of the EU 2023 European Capitals of Smart Tourism competition. The title was awarded on Friday during an event at the Town Hall of Pafos and as organizers said, the award was the result of a careful and systematic effort by the Municipality and the organisation for Tourism Development and Promotion of the district. Continue reading at source: Cyprus Business
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Cyprus Airways partners with firm to offer lower fares
04 March 2023
5 Comments
Cyprus Airways this week announced the launch of a strategic partnership with software solutions firm Atarev, in order to facilitate the Cypriot airline’s objective of offering the lowest available fares to its customers. According to an announcement, the partnership will include strategic consulting and the implementation of Atarev’s Lowest Fare Analyzer system, something which is expected to result in significant benefits to the airline, including in terms of increasing its revenue. In addition, the airline explained that the Lowest Fare
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Wargaming: The company that placed Cyprus on the gaming map
04 March 2023
5 Comments
With over a decade of presence in the Cypriot business scene, video game developer Wargaming has a pretty good idea of what the main decisive factors are for a foreign company to move its headquarters to Cyprus. The importance of having international companies move their headquarters to the island – often referred to as headquartering – has been highlighted by the successive governments but also the market itself. Cyprus’ ICT sector in particular is one of the fastest growing, with
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Smart Nicosia project wins green award
03 March 2023
5 Comments
Nicosia’s smart city project won first place among 100 nominations across Europe for evaluating the best smart green solutions, the municipality announced on Friday. Smart Nicosia, a project carried out in cooperation with Nokia and Cyta, was distinguished by the European Green Digital Coalition Initiative. This European corporate focuses on how major technology companies will contribute to reducing their environmental footprint of the planet. Continue reading at source: Cyprus
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Hellenic Bank posts €24.2 mln profit; CEO Oliver Gatzke pleased with progress
01 March 2023
5 Comments
Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its balance sheet, achieving a non-performing exposures (NPE) ratio of 9.8 per cent, while the ratio drops to approximately 3.6 per cent when excluding NPEs covered by the APS agreement. Regarding the bank’s capital position and funding, the bank recorded a capital adequacy ratio
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President-Elect Christodoulides To Be Sworn-In As New President
28 February 2023
5 Comments
Newly elected President Nikos Christodoulides will be invested by the House of Representatives, as stipulated by Article 42 of the Constitution of the Republic of Cyprus, today, Tuesday, February 28 at 11.30am. Christodoulides will take up his official role as president on March 1. Today Christodoulides is expected to arrive first at the Parliament and will then be received by the President of the House Annita Demetriou for a brief meeting at her office. The outgoing President Nicos Anastasiades
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RICS Cyprus Property Price Index With KPMG In Cyprus Announces Results Of 2022 Q4
16 February 2023
5 Comments
KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for 2022 Q4. On behalf of KPMG in Cyprus, Christophoros Anayiotos, Head of Real Estate Industry Group, stated, “During the last quarter of 2022 the increasing trend in property values continued in most asset classes, with notable increases in Paphos. The best performing asset classes are again Apartments, followed by Offices and closely by Houses. Retail and Warehouses displayed minor adjustments, apart from
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Israeli sports technology company expands to Cyprus
15 February 2023
5 Comments
i-BrainTech’s decision is seen as a vote of confidence in Cyprus Israeli sports technology company i-BrainTech, a pioneer in athletic brain training, on Tuesday announced its plan to expand its operation to Cyprus. “The company’s cutting-edge solutions will be made available to elite young athletes in the region, empowering them to elevate their cognitive abilities and physical performance,” the announcement said. “Already trusted by top professional athletes in leagues such as the Premier League and MLS, i-BrainTech’s technology is leading
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International Hotel Chains Coming To Cyprus
14 February 2023
5 Comments
Cyprus’s tourism product is about to be enriched with new international hotel chains, some of which are anticipated to open and welcome their first guests within 2023. The new arrivals encompass an array of hotels from boutique to five-star establishments as well as id-range hotels. Most will open in Limassol. Intercontinental Limassol Hotel A global leader, Intercontinental Hotel Group and G. Frantzis Group announced in March 2022 that they had reached an agreement to construct a super luxurious five-star hotel
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Nikos Christodoulides Proclaimed President Of The Republic Of Cyprus With A Call For Unity
13 February 2023
5 Comments
President-elect Nikos Christodoulides was officially proclaimed on Sunday as the new President of the Republic of Cyprus, calling for unity and saying that he will be a President for all Cypriots. In his speech at the proclamation ceremony, in Nicosia, Christodoulides thanked the Cypriot people for electing him to the highest office of the Republic of Cyprus and said that he will "spare no effort to realize the vision that I have shared with you, for a free country that
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Cyprus Airways January figures almost ten times higher than last year
13 February 2023
5 Comments
Cyprus Airways carried more passengers in January this year than in 2019 before the start of the pandemic, the carrier announced on Monday. A total of 27,356 passengers travelled on the airline last month, a number close to tenfold last year’s number. The company operated 277 flights and improved how full planes are by 30 per cent. Compared with January 2019, the airline carried 56 per cent more passengers and operated 69 per cent more flights. Continue
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Cabinet greenlights marina and cruise ship pier project in Paphos
10 February 2023
5 Comments
The Council of Ministers on Wednesday approved the construction of a development in Paphos which will include a hotel, a marina and a pier for luxurious cruise ships. In statements after the Cabinet’s meeting, Deputy Tourism Minister, Savvas Perdios said that it has been a goal of his ministry for four years to promote the project’s implementation. Continue reading at source:
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Cyprus And Japan Enhance Their Cooperation In The Shipping Sector
07 February 2023
5 Comments
Cyprus and Japan constantly enhance their bilateral cooperation, particularly in the shipping sector, and a Cyprus Republic Shipping Bureau will operate during the next months in Tokyo, it was said during a meeting on Monday between the Deputy Minister of Shipping, Vassilis Demetriades, and the new Ambassador of Japan to Cyprus, Yoshio Yamawaki. According to a press release issued by the Deputy Ministry of Shipping, Demetriades welcomed the Ambassador of Japan and expressed his satisfaction over the continuous enhancement of
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Авиаотрасль на взлете
03 February 2023
5 Comments
У жителей острова стало больше возможностей летать в другие страны. Кипрские авиакомпании увеличивают поток пассажиров и открывают новые направления для полетов. О позитивных новостях отчитались TUS Airways и Cyprus Airways. В 2022 году кипрская авиакомпания TUS Airways запустила рейсы из Парижа в Ларнаку и Пафос. Стартовали до шести ежедневных рейсов между Ларнакой, Пафосом и Тель-Авивом. А перевозчик Cyprus Airways наконец договорился о полетах в Дубай. TUS Airways – объем перевозок Авиакомпания объявила о рекордном количестве пассажиров в 2022 году. Поток увеличился более
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Alpha Bank Cyprus appoints new CEO
31 January 2023
5 Comments
Alpha Bank Cyprus on Tuesday announced that its board of directors has decided to appoint Miltos Michaelas as the bank’s new chief executive officer (CEO). The bank explained that the appointment of Michaelas opens a new chapter for the organisation in the Cypriot market, noting that the new CEO is an “executive who combines extensive international experience in the financial sector with excellent knowledge of the Cypriot economic and business reality”. Continue reading at source: Cyprus
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Cyprus banking system deposits increase by €590 million
30 January 2023
5 Comments
Deposits in the Cypriot banking system experienced an increase of approximately €590 million in December 2022, with their total balance exceeding €52 billion, according to a report published on Friday by the Central Bank of Cyprus (CBC). In addition, loans marked a net increase after five consecutive months of decline and reached €26.1 billion, with liquidity in the system standing at €26 billion. According to the central bank report, total deposits in December 2022 recorded a net increase
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Italy’s ship-building Feretti group chooses Paralimni marina as its base
27 January 2023
5 Comments
Feretti group – Italy’s multinational ship-building giant – has chosen Cyprus as its base and more specifically the 300-berth Paralimni Marina which is expected to be completed by the summer of 2024. Its products are sold under the brands Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN, Phlenews reported on Friday. Continue reading at source:
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Tech company Plum launches smart money-saving app in Cyprus
27 January 2023
5 Comments
Plum, the smart European money app announced this week that it is launching in Cyprus, allowing Cypriots to join the 1.5 million people who are already using the app to save Money and invest in 3,000 stocks, commission-free, with an entry-level fee of €1. The app, which has offices in Nicosia, is now available in Cyprus, the home country of its CEO Victor Trokoudes. Founded in 2016 by Victor Trokoudes (ex-Wise), Plum automates parts of personal finance that people
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Aglantzia and Agios Theodoros Pitsilias named ‘Green capitals of Cyprus’
25 January 2023
5 Comments
Aglantzia and Agios Theodoros were named ‘Green Capitals of Cyprus’ during a ceremony on Tuesday at the Presidential Palace. The two local authorities were handed the “Gold Mufflon Award” during the event. Also, the municipalities of Limassol, Ypsonas, Aglantzia, Athienou, Engomi, Latsia, Deryneia, Strovolos, Livadia, Lakatamia, Agia Napa, Larnaka, Agios Theodoros Council, Agios Theodoros Pitsilias Council, Pissouri Council and Louvaras Council received a Green flag award. Continue reading at source:
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Shipping Deputy Minister Welcomes Royal Caribbean’s Plans To Open An Office In Cyprus
24 January 2023
5 Comments
Cyprus’ Shipping Deputy Minister, Vassilios Demetriades, welcomed on Monday Royal Caribbean’s plans to open an office in Cyprus, noting that this was “a tangible example of the way the Government turns a crisis into an opportunity”. In a written statement, Demetriades also welcomes Royal Caribbean’s decision to register one of its cruise ships, the Spectrum of the Seas, in the Cyprus Ships Registry. The vessel flies the Cypriot flag since last Friday, Demetriades said. Continue reading at source: Gold
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Strong interest from China for investment in science and technology park in Pentakomo
23 January 2023
5 Comments
Strong Chinese interest for investment in the first high-tech science and technology park in Pentakomo, Limassol district, has been expressed, Philenews reported on Monday. Citing the Limassol Chamber of Commerce & Industry, the report also said the strong interest has prompted the government to proceed with faster procedures. That’s why is has decided to give the green light for a public consultation on this rather than following the failed practice of opening of tenders. Continue reading at source:
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California-Based Wrike Moves 150 People To A New Office In Cyprus
23 January 2023
5 Comments
Wrike, the California-based provider of powerful collaborative work management solutions, has relocated more than 150 employees from engineering, marketing, customer support, and finance to Cyprus, making it the fastest-growing location in the company’s history. Wrike’s Cyprus office is located in a new contemporary lifestyle, energy-efficient class A building in Nicosia. “Cyprus's status as an emerging European technology hub has been strengthened by Wrike's decision to open offices in Nicosia,” said George Campanellas, CEO of Invest Cyprus. “Wrike joins the growing
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Larnaca marina’s redeveloped dock to include museum, floating catering outlets
16 January 2023
5 Comments
Redevelopment works on the wooden dock at Larnaca marina should be completed before the summer and will also include a museum of photography and floating catering outlets. Among the improvements will also be the installation of new lighting and seats, Philenews reports citing CEO of Kition Ocean Holdings Panos Alexandrou. Continue reading at source:
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Ireland Is Interested In A Mutually Beneficial Higher Education Collaboration With Cyprus, Irish Ambassador Told CNA
13 January 2023
5 Comments
Ireland wants to identify higher education projects that will make a significant difference for both Ireland and Cyprus, Irish ambassador in Cyprus Conor Long told CNA on Wednesday. Ambassador Long was speaking on the sidelines of a presentation by Trinity College Dublin representatives in Nicosia to the local private school community regarding higher education opportunities for Cypriot students at Ireland’s most prestigious institution. According to the Irish ambassador, there has been a clear disruption after Brexit to the traditional pathway
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Cyprus Airways posts massive increase in annual passenger traffic
13 January 2023
5 Comments
Cyprus Airways says that summer ’23 bookings are looking strong Cyprus Airways on Thursday released a report detailing passenger traffic results for the entirety of 2022, as well as the monthly results for the final month of the previous year. In 2022, the Cypriot airline increased its annual traffic by a whopping 361 per cent over the previous year. In addition, the airline’s average seat load factor during the year rose by 12 per cent, primarily attributed to its excellent
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Cyprus residential property prices unlikely to fall any time soon
12 January 2023
5 Comments
Cypriot fintech Ask WiRE CEO Pavlos Loizou, in an analysis piece examining the landscape of the domestic real estate market in the coming year, explained that residential property prices will most likely remain steady from the previous year, bolstered by elevated demand and a resilient economy. Loizou recapped some of the global events that have a bearing on prices, including the European and Cypriot economies, who, at the end of 2021, experienced a gradual recovery following the Covid-19 pandemic and
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Tourism marketing reaches more than one billion phones a year
11 January 2023
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Internet searches for Cyprus have increased by 30 per cent compared to 2019 thanks to targeted digital marketing carried out by mainly local companies, Deputy Tourism Minister Savvas Perdios said on Wednesday. Digital campaigns reach over a billion phones a year, the deputy minister said in his address to the ACCTA travel agents association’s conference Digi.travel – The Cyprus International digital tourism conference and Expo 2023 at the University of Nicosia. Continue reading at source: Cyprus
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Electric vehicle subsidy scheme receives over 500 applications in five hours
10 January 2023
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Over 500 applications were made in just five hours for the second phase of the electric vehicle subsidy programme. Applicants rushed to www.ev.gov.cy on Monday at 11am when the new programme launched, although anyone who is interested has until March 9 to register – as no priority is given based on when the application was submitted. The transport minister said last month that should there be more applications than grants available then these will be decided through a draw.
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Cyprus Business Now
10 January 2023
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Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As a result of greatly accelerating the pace of new tax legislation, there is an increased risk that taxpayers will be caught unprepared, making a current, detailed guide on Cyprus’ Tax and Legal code all the more valuable,” the company said. “Changes in 2022 included the introduction of Cyprus’ Recovery and
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Cyprus among top ten destinations for British tourists for 2023
10 January 2023
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Britain’s Travel Association, formerly known as the Association of British Travel Agents (ABTA), recently released its ‘top 23 for 23’ list, detailing the 23 most popular destinations people say they plan to visit this year, with Cyprus featuring among the top ten countries included in this list. “Staying closer to home seems to be the preference for most people, with a large proportion of the list being short to mid-haul destinations such as Spain, Turkey and the UAE, but destinations
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Senvest Increases Stake In Bank Of Cyprus
09 January 2023
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The Senvest Group investment fund further strengthens its position in Bank of Cyprus, increasing its total stake to over 8%. Specifically, through the purchase of shares in the past few days, the Senvest Group –the third largest shareholder of Bank of Cyprus – increased its stake in the Bank's share capital from 7.11% to 8.06%. Continue reading at source: Gold
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Trendsetter company buys Cyprus’ most expensive property
04 January 2023
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he most expensive piece of real estate in Cyprus is off the market, following news that a global trading platform will buy the stunning beachfront property after a decade-long presence on the island. According to social media, the Santa Barbara Residence on the eastern outskirts of Limassol has been sold to Exness Group, a fintech company that moved to Cyprus in 2012. The eye-catching villa, 3000 square meters of pride in the Amathus borough, sits right in front of a
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Road tax renewals start on Wednesday
04 January 2023
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Road tax for 2022 can be renewed as of Wednesday, the road transport department has announced. Road circulation permits can be renewed for a period of three, six, nine and 12 months, until midnight on Saturday, March 11. Late renewals submitted after the March deadline, will be subject to a €10 euro fine plus an additional 10 per cent of the value of the road permit for the current year. Continue reading at source: Cyprus
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Cyprus and India to sign memoranda of understanding
27 December 2022
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Cyprus and India will sign bilateral memoranda of understanding and agreements in the fields of military cooperation, energy, and immigration, as part of a visit by the Indian Foreign Minister Subrahmanyam Jaishankar to Cyprus, scheduled from December 29 to 31. “This is a very important visit for us. India is a crucial member of the Commonwealth, and we are joined by parallel historical paths, as well as strong ties,” the foreign ministry spokesperson Demetris Demetriou said on Tuesday.
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New Gas Discovery In Cyprus’s Offshore Block 6
21 December 2022
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TotalEnergies and Eni have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for the area and its development. Located 162km off the Cyprus coast and 5 km West of Cronos-1, Zeus-1 has been safely drilled and
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Hellenic Bank Expects Pre-Tax Profits To Exceed €200mn in 2023
21 December 2022
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Hellenic Bank Public Company Ltd announces the approval of its strategic plan, wihch has as main strategic pillars growth, asset quality, cost rationalisation, and capital and funding optimisation. The plan addresses structural challenges for driving the Bank forward as a leading player in the local market. Enabled by an increased focus on digitalisation, it includes initiatives to: Continue reading at source: Gold
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Bi-communal technical committees get further EU funding
19 December 2022
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The European Commission signed a new agreement with the United Nations to continue support for the bi-communal technical committees with an additional €1 million. The European Commission representation in Cyprus said the support mechanism was launched in 2019 to support and enable the technical committees’ efforts to adopt island-wide and intercommunal solutions for issues of common concern for the communities. The committees were established by the two leaders in Cyprus under the auspices of the United Nations. Continue reading
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Regional drinks giant relocates to Cyprus
19 December 2022
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Kassatly Group Holding, a major player in the regional beverage sector, said that it will move to the island by the end of next year Lebanese drinks giant Kassatly Group Holding on Monday announced that it has started work on a new plant in Cyprus, as part of ambitious plans to move the brand from a regional powerhouse to a global player. According to the company, the mega plant in Ypsonas, Limassol, which will operate under the company’s local entity
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Hellenic Bank upgraded by agency, leaner structure praised
16 December 2022
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Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the Short-Term Foreign Currency Rating (ST FCR) at ‘B’. At the same time, CI Ratings has raised Hellenic Bank’s Bank Standalone Rating (BSR) to ‘bb’ from ‘bb-‘. In addition, the Outlook for the LT FCR and BSR have been revised to Stable from Positive, while the agency also noted that the
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Cyprus research and innovation initiative secures EU funding
15 December 2022
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Another successful initiative in the European research and innovation space for Cyprus, with the PHAETHON proposal securing the highest score in the EU for the creation of a Centre of Excellence in the field of Green and Sustainable Energy. Cyprus has been successful in participating in the competitive programme of the European Union (EU) for Research and Innovation (R&I), “Horizon Europe”, specifically in the context of the programme “Teaming for Excellence”, where the PHAETHON proposal with the University of Cyprus
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Cyprus Airways Unveils Ambitious Growth Plans
15 December 2022
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Cyprus Airways unveiled its five-year strategic plan, announcing the expansion of its flight schedule to five new routes: Milan, Zurich, Prague, Basel, and Cairo. The Minister of Transport Yiannis Karousos, Deputy Minister for Tourism Savvas Perdios, and Hermes Airport CEO Eleni Kalogirou welcomed the new strategic plan. Cyprus Airways CEO Paul Sies unveiled the company's new plans during a press conference on Wednesday, December 14, and noted it aims to operate in 18 destinations in 2023 and to expand to
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TUS Airways announce route expansion
13 December 2022
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TUS Airways announced new routes for 2023. According to a press release, from March 27, 2023, TUS will enhance its Larnaca-Paris route, adding three weekly flights. Furthermore, it will add a third service between Larnaca-Heraklion each Sunday, starting March 26, 2023. Continue reading at source:
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Cyprus Business Now
13 December 2022
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Government employment in Cyprus experienced a 1 per cent increase year-on-year in November 2022, according to a report released on Monday by the Cyprus Statistical Service (Cystat). The increase has been primarily attributed to an increase in temporary staff, especially in public education employees. According to the report, government employment in November 2022 increased by 519 people, a rise of 1 per cent compared to the corresponding month of 2021, and reached 53,537 people. Continue reading at
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Inauguration Of The Largest Data Center In Cyprus - Simplex LCA1
09 December 2022
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Simplex, the pioneer of the data center industry in Cyprus, is organizing the official opening of its new world-class facility, LCA1. The inauguration ceremony will take place on Wednesday, 14th December 2022 at 18:30 pm. Simplex was established in 2005 and has been operating its first data center, LIM1, in Limassol since 2007. It is Cyprus’ leading provider of world-class premium carrier-neutral data center services and a leading enterprise IT integrator, certified partner of global technology vendors. All services of the company are certified
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Fitch Upgrades Bank of Cyprus to 'B+'
07 December 2022
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Fitch Ratings has upgraded Bank of Cyprus (BoC) long-term issuer default rating (IDR) to 'B+' from 'B-' and viability rating (VR) to 'b+' from 'b-' – the outlook on the long-term IDR is positive. The two-notch upgrade reflects the execution of the sale of €0.6 billion non-performing exposures (NPEs) and €0.1 billion foreclosed real-estate assets. The sale (project Helix 3) together with the organic reduction of impaired assets, has improved BoC's asset quality, resulting in a significant decline
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Cyprus's prominent position in shipping reconfirmed
07 December 2022
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Cyprus's prominent position in the global shipping map is reconfirmed by the United Nations report entitled "Review of Maritime Transport 2022," with the island at the top end in the relevant rankings. The United Nations, in arriving at its findings, accounts for the impact of the coronavirus pandemic on the supply chain and the turmoil created by the Russian invasion of Ukraine. According to the report, Cyprus is close to the top ten countries in the global ranking, ranking 11th
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Euromed Tech Hub to be established in Cyprus
06 December 2022
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The creation of the Euromed Tech Hub in Cyprus was unanimously decided last week by the Board of Directors of ANIMA Investment Network, a press release by Invest Cyprus said. The development constitutes a significant success for Cyprus, as the Euromed Tech Hub will function as a regional centre for research and cooperation, concerning issues of business innovation, and the transfer of technological knowledge for the participants from the wider region of Eastern Europe, the Middle East, and Africa.
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Cyprus President To Attend The EU-Western Balkans Summit In Tirana
05 December 2022
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Cyprus' President Nicos Anastasiades is in Tirana from Athens to participate in the EU-Western Balkans Summit which takes place on December 5 and 6. In the framework of the Summit, he is to hold a meeting with President of the Presidential Council of Bosnia and Herzegovina, Željka Cvijanović, according to a statement released on Saturday by Director of the Press Office of the President of the Republic, Andreas Iosif. Continue reading at source: Gold
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International tech firms in Cyprus increase by half, impact reaches €3 bln
05 December 2022
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National investment agency Invest Cyprus held its annual general meeting on Wednesday, with Finance Minister Constantinos Petrides in attendance, cementing the positive relationship between the government and the organisation. The key point that emerged during the meeting was the value of Cyprus as an investment destination is now self-evident, proven by the country’s ability to attract foreign talent, international organisations and companies, as well as the ability to bring in direct foreign investment. Invest Cyprus said that the meeting
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Как перевезти питомца из России на Кипр
21 November 2022
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Перевезти любимую собаку или кошку на остров Афродиты проще, чем думают многие. Какие нужны документы и как подготовить четвероногого друга к перелету, расскажем в этой статье: пройдемся по пунктам чек-листа. Прежде всего стоит убедиться, что ваше животное можно ввозить на Кипр – и у нас уже есть материал о том, каких питомцев привозить запрещено. Официальные источники информации, которые нужно изучить:• инструкция Россельхознадзора;• требования на сайте Министерства сельского хозяйства Кипра;• правила перевоза животных авиакомпании, которой вы собираетесь лететь (например, Cyprus Airways или Utair). Продолжить чтение в
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Equiti Opens Its Latest Office In Limassol
15 November 2022
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Equiti has announced the opening of its latest regulated office in Europe in Limassol. Speaking at the official office opening event, Mohamed Alahmad, Co-founder and Chief Managing Director of Equiti Group, said: “Equiti’s new office in Limassol is a major milestone for the Group and a significant part of our global growth strategy. “We are thrilled to now have a regulated operation in Cyprus to provide our global business-to-business (B2B) offering to brokers in Europe under the strict oversight of
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AdTech Open Hackathon with a focus on improving life in Cyprus and technological advancement
14 November 2022
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The HackAdTech Open Hackathon, dedicated to solving AdTech and MarTech challenges, with an emphasis on improving life on the island will open its doors on November 26. The two-day event plans to gather the brightest minds of the industry, to solve important issues of the two emerging industries. “This is yet another project we launch to support the ease of life and technological advancement of Cyprus, seen as an innovation and new tech hub. At the same time allowing us
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Paphos Named European Capital For Smart Tourism 2023
10 November 2022
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The city of Paphos was officially named the European Capital of Smart Tourism for 2023, according to its Mayor Phedon Phedonos. In a post on social media, the Mayor said that the result of the EU competition was announced Wednesday in Brussels, where a Paphos Municipality delegation presented its proposal for the title of European Capital of Smart Tourism 2023. Continue reading at source: Gold
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Cyprus Airways announces direct flights to Paris, Rome
09 November 2022
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Cyprus Airways will start operating direct flights from Larnaca to Paris and Rome, the airline announced on Tuesday. Speaking from Cyprus’ pavilion at the World Travel Market event in London, the company’s CEO Paul Sies said that the flights to Paris will start on December 16, while the route to Rome is scheduled to start on December 20. “We have had a lot of work in the past months, last summer was very good and now we are looking towards
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Cyprus Business Now
07 November 2022
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The Cyprus Investment Funds Association (CIFA) this week announced that Cyprus has been chosen to host the 36th iteration of the International Investment Funds Association (IIFA) conference, something which the association described as a “major success and vote of confidence for Cyprus”. CIFA said that Cyprus received the nod to host the 2023 conference from IIFA’s members during this year’s iteration of the event which took place in London on October 24. “CIFA’s contribution was decisive for the voting process’ positive
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2027 realistic date for exploiting Aphrodite gas reserves says minister
04 November 2022
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A realistic scenario for when Cyprus can produce natural gas from the Aphrodite gas field is 2027, Energy Minister Natasa Pilides told MPs at the House finance committee on Friday. Construction of the necessary infrastructure must be carried out as soon as possible and if Cyprus wishes to supply the EU with natural gas, this must be done by 2030 or else the opportunity will be lost, she added. Presenting her ministry’s budget, she said discussions with Aphrodite’s licenced consortium
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Anastasiades: Cyprus Becoming Established As Regional Educational, Research And Excellence Centre
04 November 2022
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Efforts to establish Cyprus as a regional educational, research and excellence centre are bearing fruit, Cyprus President Nicos Anastasiades said on Thursday evening. Addressing a gala dinner at the Presidential Palace on the occasion of the 10th anniversary of the International Multithematic Bio-Medical Congress "Biomedical Scientific Cyprus", President Anastasiades said that the fact that this conference takes place for the 10th consecutive year, "with the participation of renowned doctors and scientists from all over the World, manifests that it has
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Bank of Cyprus: Express loans up to €15,000 via smartphone
02 November 2022
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Bank of Cyprus now provides an express loans service which basically allows one to submit a loan application for amounts up to €15,000 with his/her smartphone. The minimum quick loan amount to be requested is €500 with interest rates being the same as those provided in stores without personal guarantees or other collateral. Continue reading at source:
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Global Finance Awards| Eurobank: «Best Private Bank 2023» in Cyprus and Greece
31 October 2022
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Eurobank was named «Best Private Bank 2023», in Cyprus and Greece. This is an important distinction awarded by the internationally renowned American Global Finance magazine, that proves the Bank's consistently high standard Private Banking services in the Cypriot and Greek markets. Eurobank has received this top distinction for the fourth (4th) consecutive year for its Private Banking services in Cyprus. It also won this award for the eighth (8th) consecutive time in the Greek market, being constantly a winner since
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Man cycles perimeter of island for thyroid cancer
25 October 2022
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A 24-year-old cycled around the entire island in just one day over the weekend to raise funds for thyroid cancer. The incredible feat, accomplished by Alexandros Agrotis, began from Deryneia on Saturday afternoon, where he began a journey through the state-controlled areas through the night. Speaking to the Cyprus Mail, Agrotis, who rides for UCI WorldTeam Israel – Premier Tech and Israel Cycling Academy Continental Team, said that around dawn he reached the Limnitis checkpoint and crossed to the
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Some 10,000 beds in Cyprus officially registered for short-term rent
25 October 2022
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Some 10,000 beds are now registered by landlords who want to rent out their property in Cyprus for short-term rent on the popular platform of Airbnb. The deadline for the required registration in the Register of Self-Service Accommodation Establishments of the Deputy Ministry of Tourism, expires on February 7, 2023, Philenews reported on Monday. Continue reading at source: Cyprus
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Cyprus Business Now
21 October 2022
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Hellenic Bank on Thursday announced a number of changes to its banking services, aiming to empower its meeter greeter service, which in turn will help customers become more comfortable with using alternative banking channels. At the same time, from December 15, 2022, changes will be made to the way certain services can be carried out in-store. According to the bank, cash deposits and withdrawals for amounts less than €500 will be made exclusively at ATMs, while deposits from third parties
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An impressive lineup of speakers at EY’s Cyprus Attractiveness Forum: Investment Realized 2022
21 October 2022
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EY has announced the agenda and participants at the Cyprus Attractiveness Forum: Investment Realized 2022, to be held on 25 October 2022. The event, organised in collaboration with the Cyprus Chamber of Commerce and Industry and the support of Invest Cyprus, will provide the opportunity to government officials, top-level executives and local industry experts to discuss and analyse the findings of the 2nd Attractiveness Survey Cyprus and the future of investment and business in Cyprus. The survey launched in Cyprus
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Cyprus Business Now
19 October 2022
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The number of trips abroad made by residents of Cyprus in September 2022 was almost twice as much as last year, according to a report released this week by the Cyprus Statistical Service (Cystat). As reported by the services, foreign trips in September 2022 amounted to 122,450, compared to 66,452 in September 2021, marking an increase of 84.3 per cent year-on-year. The main countries from which Cypriots returned in September 2022 were Greece with 37.1 per cent, the
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Royal Caribbean's Odyssey of the Seas Makes Call at DP World Limassol Cruise Terminal
18 October 2022
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DP World Limassol welcomed Royal Caribbean’s Odyssey of the Seas on her stopover to DP World Limassol Cruise Terminal with passengers on board, on Thursday 13th October 2022. On the occasion of the cruise ship’s call to Cyprus, DP World Limassol’s Commercial Manager Mr Lazaros Charalambous, and Hull Blyth Araouzos Managing Director exchanged plaques with the cruise ship’s staff captain. Odyssey of the Seas had sailed from Italy on 7th October and arrived at DP World Limassol Cruise Terminal
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BWA Yachting Opens New Office In Cyprus
14 October 2022
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BWA Yachting have announced that they are opening a new office in Cyprus. Their services include shore assistance, port operations, provisioning and supplies, logistics solutions, and hospitality and events management. The news comes just a few weeks after the announcement of new offices in Egypt, the Suez Canal, and the Red Sea. The reason for BWA Yachting adding this new Cyprus office to their map is to create an even smoother cross-Mediterranean yachting experience for their clients. The island is
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UK couple honoured for visiting Ayia Napa more than 50 times
12 October 2022
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Ayia Napa municipality declared a British couple who visited the town over 50 times, as “Ambassadors of Ayia Napa Tourism.” Darren and Deborah Jones were honoured in a ceremony on Monday, during which Ayia Napa Mayor Christos Zannettou awarded them with a commemorative plaque. Continue reading at source:
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Efforts to revive Makarios Avenue in Nicosia
11 October 2022
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Efforts are taking place to revive Makarios Avenue, the once most-visited street in the capital. According to the initial planning, part of the Avenue between the crossing with Spyros Kyprianou and Digeni Akrita Avenue until the junction with Omirou Avenue was to be used only by pedestrians and buses. Continue reading at source:
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House Prices Up In Q2 2022, Cyprus Central Bank Says
07 October 2022
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An acceleration in the increase of house prices was recorded in the second quarter of 2022, mainly due to increased construction costs, the Central Bank of Cyprus says, in its quarterly report on the residential property price indices for Cyprus, drafted by the Central Bank of Cyprus’s Real Estate Unit (REU). The Central Bank of Cyprus (CBC) House Price Index (CPI) for houses and apartments, showed an increase in the second quarter of 2022, registering a quarterly increase of 1.
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Agia Napa Marina awarded Blue Flag in first months of operation
03 October 2022
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This summer Cyprus received a record number of blue flags with 74 beaches and two marinas on the island being awarded. The island’s beaches have each their own characteristics regarding the colour of the sand and of the water, marine life, organised facilities, the sea sports provided, as well as how popular or isolated they are. Continue reading at source:
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Cyprus sees increased interest in digital nomad visas
23 September 2022
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Interior Minister Nicos Nouris on Thursday said that the government’s adoption of a new strategy designed to attract international businesses to Cyprus has led to significantly increased interest from a number of such organisations. Nouris noted that the government received 5,475 application submissions throughout 2021, while this number has been far exceeded this year, with 7,883 applications being submitted as of August 2022. Continue reading at source: Cyprus
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RecruitGiant Expands Into Cyprus
23 September 2022
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RecruitGiant, one of Malta's leading recruiters of Third Country National (TCN) employees, is continuing its expansion across Europe with the setting up of a new company in Cyprus, as reported by the Malta Independent Online. According to the media report, the new venture, which complements RecruitGiant's existing activities in the Baltics, Eastern Europe and France, will be led by Indre Miliauskaite. Miliauskaite is described as a specialist in TCN recruitment and training who has been Head of Human Resources at
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More foreign companies wishing to relocate to Cyprus, Interior Minister says
22 September 2022
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The adoption of a new strategy to attract businesses to the country has led to an “impressive increase of interest” from foreign companies to relocate to Cyprus, Interior Minister Nicos Nouris said on Thursday. He added that in 2021, 5,475 applications were submitted, while until the end of August 2022, there have been already 7,883 applications. Nouris, who was the keynote speaker at the VIII Best Legal Conference in Limassol, said that he was confident that the government’s initiatives and
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Cyprus Business Now
22 September 2022
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Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders from the international regulatory compliance sector. “The conference was a pole of attraction for dozens of business executives from Cyprus and abroad, while the presence of executives from Cypriot banking organisations and financial service providers was strong,” the company said in a statement. Contnue reading at source:
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Ayia Napa marina welcomes first large cruise ship
21 September 2022
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Transport Minister Yiannis Karousos said on Tuesday welcomed the arrival of the first large cruise ship, the Rhapsody of the Seas, to Ayia Napa Marina. The Rhapsody of the Seas, one of Royal Caribbean Cruises largest ships, docked in the marina around 6am on Tuesday, having left from Haifa, Israel. The ship, which has a capacity to hold 3,000 passengers and staff, will next move on to Rhodes, Greece. Continue reading at source: Cyprus
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Hellenic Bank posts €55.4 mln half-year profit, new lending surpasses €500 mln
21 September 2022
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Hellenic Bank on Tuesday released its financial results for the first half of 2022, posting a profit of €55.4 million, compared to a profit of €21 million in the corresponding period of 2021. The uptick in profitability is primarily attributed to improved income performance, continuous cost management efforts, as well as the reversal of certain impairment losses, to the tune of €11.2 million. In addition, the bank recorded a net interest income of €133 million during this
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Cyprus Seeds Welcomes A New Donor, Mohari Hospitality
20 September 2022
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Mohariy Hospitality (Mohari) has recently become one of the new donors of the not-for-profit organization Cyprus Seeds. Cyprus Seeds will utilize the donation of €100.000 to support the academic teams joining the 3rd funding cycle. Founded in 2017 by the entrepreneurial investor, Mark Scheinberg, Mohari Hospitality is a global investment company that focuses on the luxury hospitality sector. Mohari is committed to identifying and contributing to philanthropic projects in each area where it does business and is actively supporting
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Larnaca shortlisted for green tourism award
16 September 2022
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Larnaca has been shortlisted as a European Destination of Excellence (Eden) in an EU initiative aimed at rewarding the best achievements in sustainable tourism and green transition practices in smaller destinations across Europe. Along with Larnaca, Grevena and Trikala in Greece, and Kranj in Slovenia were also shortlisted. Continue reading at source: Cyprus
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Cabinet receives foreign direct investment bill
16 September 2022
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A bill designed to enshrine into national law a European Union directive for the screening of foreign direct investment (FDI) was submitted to the Cabinet of Ministers this week. The original framework was adopted in March 2019 and first came into effect in October 2020, with most European Union countries having either implemented the framework themselves or are currently in the final stages of doing so. According to the Cyprus News Agency (CNA), the bill describes the conditions under which
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Larnaca’s Finikoudes promenade to get a modern new ‘face’
15 September 2022
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Three decades after its rejuvenation, Larnaca’s historic Finikoudes promenade is set to get a modern new ‘face’, Philenews reported on Thursday. An ambitious plan is now under draft by the Municipality aiming to match the impressive project the strategic investor currently now carries out in the port and marina of Larnaca. Continue reading at source:
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Global Software Development Company DataArt To Open Shop In Cyprus
14 September 2022
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DataArt, a US-based software development company, is set to launch new offices in Cyprus. Headquartered in New York City, with more than 6000 employees worldwide, DataArt is currently onboarding more than 50 employees to a new location in Nicosia and plans to hire more tech professionals from the local talent pool. George Campanellas, Chief Executive of Invest Cyprus, the country’s investment promotion agency, said that, “It is a great pleasure to welcome DataArt, a proven leader in the field of
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Fast-tracking of building permits a success, says Nouris
13 September 2022
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The fast-track licensing – town planning and building permits – has proven immensely successful and there will now be an overhaul for larger projects too, Interior Minister Nicos Nouris said on Monday. He said that bureaucracy has been slashed and that the new phase of the programme will greatly boost the economy and will also address the need for more housing. “We are ending the inconvenience for citizens and professionals by turning the page on licensing,” Nouris said at a
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Interest from the EU in Cyprus gas says minister
12 September 2022
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Efforts are underway to develop Cyprus’ natural gas as there is interest from both the EU and the private sector, Energy Minister Natasa Pilides said on Monday. Speaking on CyBC radio, she said the second round of exploratory drilling in block six is crucial, adding that the works there are set to be completed in November. Initial results by Eni/TotalEnergies in August uncovered a ‘significant’ gas discovery in the Cronos-1 well located about 160 kilometres off the coast of
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Wizz Air announces expansion, new routes to Larnaca
09 September 2022
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Hungary’s Wizz Air announced an expansion of its operations on Thursday. The carrier will operate additional flights to Athens, Prague and Larnaca whilst increasing frequencies on over 30 existing routes, including London, Rome, Milan, Barcelona, Paris, Brussels-Charleroi, Dortmund, Eindhoven, Madrid and Tel Aviv, it said. It will also add new routes to Athens, Prague and Larnaca, set to launch on December 2nd. Continue reading at source:
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President Of The European Parliament Metsola On Official Visit To Cyprus
08 September 2022
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The President of the European Parliament, Roberta Metsola, arrives in Cyprus for an official visit on Thursday, following an invitation by Cyprus President, Nicos Anastasiades. On Friday she will, among other activities, hold meetings with Anastasiades and the President of the House of Representatives, Annita Demetriou, and will address the House plenary. Demetriou will welcome Metsola in Larnaca on Thursday. According to a Parliament press release, on Friday 9 September, the President of the European Parliament will have a meeting
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European parliament president on official visit
08 September 2022
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European parliament president Roberta Metsola arrives in Cyprus on Thursday to discuss the latest gas find in the island’s exclusive economic zone (EEZ) among other issues. Her packed schedule includes meeting President Nicos Anastasiades and addressing parliament. Metsola will be welcomed at Larnaca airport on Thursday evening by the House president Annita Demetriou. Continue reading at source: Cyprus
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Online Travel Agencies Did Not Significantly Affect Hotel Competition According To Study Including Cyprus
29 August 2022
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The European Commission published the results of an external market study on the distribution practices of hotels in the European Union, which focused on a representative sample of six Member States (Austria, Belgium, Cyprus, Poland, Spain and Sweden). The market study was conducted in 2021 and covers the period between 2017 and 2021 and aimed to establish whether hotels' distribution practices differ between Member States, as well as to follow up on a similar monitoring exercise carried out by the
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CySEC monitoring BoC takeover offers, Senvest increases share percentage
26 August 2022
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Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides on Thursday said that the commission is closely monitoring the non-binding takeover offers submitted by private equity firm Lone Star for the Bank of Cyprus. The commission is also in consultation with both the Bank of Cyprus and the corresponding supervisory authority in Ireland, the Irish Takeover Panel. “The Cyprus Securities and Exchange Commission is closely monitoring the matter and whether the provisions of the relevant takeover law are being observed,”
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First Palestinian Tourists Visit Cyprus Arriving Directly From Israel’s Ramon International Airport
24 August 2022
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For the first time, Palestinian tourists landed on Monday 22/8 at Larnaka International Airport on a flight of the Israeli private carrier, Arkia, which flew directly to Cyprus departing from Ramon International Airport, in southern Israel. This is the first tourist flight for Palestinian tourists, holders of Palestinian Authority passports, departing from Ramon Airport, in accordance with the new package of confidence-building measures between Israel and the Palestinian Authority, which were agreed during US President Joe Biden’s official visit to
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Revolut to create new crypto hub in Cyprus, praises CySEC
19 August 2022
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Revolut, a British financial technology company (fintech) that specialises in digital banking, this week received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer cryptocurrency and digital asset services. The company explained that “this move will enable it to transform into a new European cryptocurrency hub, allowing it to provide additional crypto asset services to its 17 million European customers”. Continue reading at source: Cyprus
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Bank of Cyprus named ‘Best Bank’ in Cyprus
03 August 2022
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The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney. The bank said that the accolade comes at an especially difficult juncture for the world economy and the financial system. “The award is important as it recognises the Bank’s drive to reduce NPLs and its return to profitability,” the bank said. Continue reading at source: Cyprus
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Global Construction Consultancy DG Jones & Partners Moves Headquarters To Cyprus
03 August 2022
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DG Jones & Partners, the world-renowned international construction consultancy with a dynamic 60-year presence in at least 70 countries, is planning to move its headquarters to Cyprus. Joseph S. Psaroulla, Chairman of DG Jones & Partners, told InBusiness TV how he sees the island acting as a bridge between Europe, Africa and the Middle East and noted that the human capital of Cyprus can also be used in this respect. Continue reading at source: Gold
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Cyprus Business Now
02 August 2022
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PwC Cyprus on Monday said that its specialised seminar on headquartering, titled ‘Headquartering in Cyprus: The why and the how’, attracted a great deal of interest. The seminar, which took place on July 28, involved presentations and analyses from numerous PwC Cyprus members of staff. “Indeed, hundreds of executives from international companies who have settled in Cyprus or are considering this possibility attended the in-depth, analytical presentations by the PwC Cyprus executives, which focused on the main issues that international companies
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В НАЧАЛЕ АВГУСТА ПЛАНИРУЕТСЯ ОТКРЫТИЕ МАРШРУТА МОСКВА — ЛАРНАКА ЧЕРЕЗ ЕРЕВАН
01 August 2022
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Как сообщает портал Brief, Cyprus Airways совместно с «Аэрофлотом» запускает рейс Москва — Ларнака. Полеты будут осуществляться с 3 августа по 29 октября пять раз в неделю с трехчасовой стыковкой в Ереване. Туроператором на этом направлении является «Библио-Глобус», который будет включать авиабилеты в турпакеты на Кипр. РАСПИСАНИЕ МАРШРУТА (ВРЕМЯ МЕСТНОЕ) Продолжить чтение в источнике: evropakipr
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Cyta Participates In The East Med Corridor Submarine Cable System
29 July 2022
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Cyta participates in the East Med Corridor (EMC) submarine cable system, following an agreement signed on Tuesday, July 26, in Athens. In a press release, Cyta said that the East Med Corridor (EMC) submarine cable system is "a project of geostrategic importance, with transnational support, which exploits the geographical position of Cyprus, Greece and Saudi Arabia for creating an international digital highway that is essential for the global economy." "Starting in Singapore, the EMC will pass through Saudi Arabia,
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Cyprus Business Now
26 July 2022
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Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with the CYENS Centre of Excellence, the Cyprus Chamber of Commerce and Industry (Keve), as well as the Turkish Cypriot Chamber of Commerce. “The programme aims to encourage innovative entrepreneurs with new business ideas and intercommunal vision in Cyprus to come together, work in partnership and develop closer contacts between Greek Cypriot
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Software Provider TangoMe Moves To Cyprus
21 July 2022
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Invest Cyprus, the investment promotion agency of the Government of Cyprus, has welcomed a decision by TangoMe, a leading US consumer services and applications software provider, to launch offices in Cyprus. The internationally renowned tech company, originally founded in Mountain View, California in 2009, has announced plans to establish a presence in Limassol, with a sizeable number of employees relocating to Cyprus. TangoMe Inc., which raised funding of USD300m and has an estimated annual revenue of USD350m a year,
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House approves proposal for free entrance to 12 museums
15 July 2022
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The House of Representatives approved a proposal for the free entrance to 12 museums and for the holding of wedding ceremonies and other events at nine sites of architectural importance. Transport, Communications and Works Minister, Yiannis Karousos, has welcomed the approval of the amendments which his ministry promoted as part of its ‘Museums for All’ policy. The aim of the ‘Museums for All’ project is to increase the number of people visiting Cyprus’ museums. Karousos said in a written
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European University Cyprus Opens Medical School Campus In Germany
12 July 2022
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EUC, School of Medicine will accept its first medical students at its new Frankfurt Branch in September 2022 European University Cyprus (EUC) is proud to announce the opening of the School of Medicine – Frankfurt Branch which will start operations this coming Fall. The launch of the new campus was grounded on the increasing demand for EUC’s highly acclaimed and popular medical program and the growing need for skilled medical doctors. Augmented by EUC’s award winning state-of-the-art infrastructure and clinical simulation facilities,
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Piale Pasha to become ‘jewel of Larnaca’ says municipality
12 July 2022
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The Piale Pasha facelift, scheduled to begin in autumn, will make the area “a jewel for Larnaca” the city’s municipality has stated. In a meeting on Monday, Larnaca Mayor Andreas Vyra was informed of the project’s progress by Michalis Efstathiou, of the Studio Bagno and BauTech Systems Companies. A statement issued said mayor Efstathiou, in collaboration with the Larnaca tourism development organisaton, took an active role in the process of finalising ideas, including the selection of colours for the
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Virtual reality market to become more competitive
09 July 2022
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All eyes will be on Apple as it launches first headset next year The virtual reality (VR) market is set to become more competitive in the coming years, with Apple providing more competition to current leaders Meta, according to a report released this week by industry analysts International Data Corporation (IDC). “All eyes will be on Apple as it launches its first headset next year, and while it is tempting to imagine the company shipping high volumes, keep in mind that this
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Vision-2035. Работа на опережение
07 July 2022
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Политика «зеленого» развития и отказ от ископаемого топлива будут играть первостепенную роль в долгосрочной стратегии экономического развития Кипра до 2035 года. План Vision-2035 подготовлен Советом по экономике и конкурентоспособности и представлен президенту Никосу Анастасиадису 6 июля. Мероприятие было организовано президентом совета Такисом Клиридисом. Он подчеркнул, что Vision-2035 намечает путь развития Кипра на ближайшие 15 лет. Основная цель программы – переход к новой, современной экономической модели. Большое значение в документе придается роли «зеленых» технологий и цифровизации. Второй важный блок – модернизация
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Make Your House «Greener» With Hellenic Bank
06 July 2022
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Hellenic Bank leads the green transition and growth sector, by expanding its range of green lending products and introducing "Green Home”, its latest financing product. Hellenic Bank is the first to offer its customers the opportunity to enjoy a discounted housing interest rate, by reducing their environmental footprint, not only when acquiring or building a new home, but also by renovating / upgrading the energy efficiency of their existing one. Continue reading at source: Gold
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Cyprus Business Now
01 July 2022
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The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central Bank of Cyprus (CBC) this week. Total deposits in May 2022 recorded a net decrease (excluding changes resulting from reclassifications, exchange rate and other adjustments) of €166.9 million. It had recorded a net increase of €146.5 million at the end of the previous month. Continue
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Tourism organisation praises value of audiovisual tourism
28 June 2022
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Earlier this month, the World Tourism Organisation (WTO) showcased a number of initiatives in audiovisual tourism at the Conecta Fiction & Entertainment conference which took place in Spain last week The conference sought to highlight the value of high-quality audiovisual productions in the tourism sector and stimulate investment in this area. “Tourism and the audiovisual industry have a natural link,” WTO executive director of affiliate members Ion Vilcu proclaimed. Continue reading at source: Cyprus
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Cashback service in Cyprus becoming more and more popular
24 June 2022
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Cypriot consumers seem to be embracing the fledgling cashback service where a customer pays by debit card and asks for a further amount to be charged – up to a maximum of €100. The added amount then is handed over in cash and no fee is charged. The trend is becoming more and more popular particularly in bakeries, kiosks, petrol stations and supermarkets all across Cyprus, Philenews reported on Friday. Continue reading at source:
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Council recommends creation of new ministry for the environment
23 June 2022
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The Cyprus economy and competitiveness council on Wednesday recommended the establishment of a new deputy ministry for the environment and sustainability. The recommendation for the creation of a new deputy ministry was part of the council’s package of recommendations related to the green transition and energy matters. The council said that the recommendations it has submitted “are considered as catalysts for the long-term goals and commitments of Cyprus in relation to the green transition”. Continue reading
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Cabinet Approves Bill To Expand Tax Exemption For Investments In Innovation Companies
22 June 2022
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The Council of Ministers has approved a bill which amends the income tax law so that the existing tax exemption for an investment in a small and medium innovation company is extended to cover corporate investors as well. According to a press release by the Ministry of Finance, the bill is included in the commitments of the National Recovery and Resilience Plan, which aims to provide tax incentives to attract investments in the field of Research and Innovation. Continue
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All set for ferry launch
17 June 2022
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Feverish preparations are underway for the much-awaited resumption of the ferry link between Cyprus and Greece, which is set to depart from Limassol to Piraeus at midday on Sunday. The last ferry link between the two countries set sail 21 years ago. Speaking to the Cyprus News Agency, the CEO of Scandro Holding Ltd, the company operating the link, Marios Michael said the ferry was already docked at Limassol port. “We are taking care of the last, important details,
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InvestPro Cyprus Nicosia 2022: программа
15 June 2022
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20 июня в отеле Hilton Nicosia состоится V международная B2B конференция и выставка InvestPro Cyprus Nicosia 2022, посвященная инвестициям в сфере недвижимости. Предлагаем вашему вниманию программу мероприятия. InvestPro Cyprus Nicosia 2022 – это уникальная бизнес-платформа для встречи и общения профессионалов в международном бизнесе. Участие в конференции позволит получить актуальную информацию от ключевых игроков рынка, а также расширить свою партнерскую сеть на более чем 150 новых контактов из лидирующих компаний России, стран СНГ, ЕС, Ближнего Востока, Азии и Америки. Продолжить чтение в
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Cyprus CCCI And Saudi Chambers Sign Memorandum Aiming At Strengthening Bilateral Trade Ties
14 June 2022
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Cyprus Chamber of Commerce and Industry (CCCI) and Federation of Saudi Chambers have signed a Memorandum of Cooperation and an agreement to set up a Saudi – Cyprus Business Council, aiming at strengthening and boosting bilateral trade relations. According to a press release issued by CCCI the Council will have a main purpose to open economic sectors promoting links between Saudi and Cypriot firms, exchange views and information concerning challenges and opportunities offered in their respective markets, as well as
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Masks No More, COVID-Related Measure Lifted From Ports And Airports
02 June 2022
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As of today, the use of protective masks in indoor and outdoor areas will not be obligatory, while all COVID-related measures will be lifted in ports and airports of the Republic of Cyprus. Members of the public will no longer be obliged to have face masks on when outside or in indoor areas, except when in high-risk places such as hospitals, outpatient clinics, medical centers, rehabilitation centers, nursing homes, other facilities where members of vulnerable groups reside and public transport.
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31 мая жители Земли увидят «метеорный дождь»
31 May 2022
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В последний день весны 2022 года земляне увидят редкое явление – настоящий «метеорный дождь». По словам некоторых экспертов, число метеоров может достигать нескольких тысяч в час. Длительность повышенной метеорной активности составит порядка двух часов. Его максимум, по данным расчетов, приходится на раннее утро. Как говорят ученые, нынешний «метеорный дождь» – это пыль от кометы, которая в 1995 году после максимального сближения с Солнцем начала распадаться. «Мы ожидаем, что именно с этой пылью Земля встретится в конце мая», – рассказывает лектор
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Warm Welcome To The First Cruise Ship Arrived At Ayia Napa's Marina
30 May 2022
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The ninety passengers of the first cruise ship in the super yacht category that arrived at the Ayia Napa's Marina on Sunday were given a warm welcome by the Ministry of Transport, Communications and Works, the Ministry of Tourism, the Municipality of Ayia Napa and the Ayia Napa Marina. In a written statement, the Minister of Transport, Communications and Works Yiannis Karoussos expressed joy and satisfaction for the reception of the first cruise ship in the Ayia Napa's Marina.
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Services sector lifts economic sentiment
27 May 2022
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Economic sentiment in Cyprus experienced a slight improvement in May, according to a business and consumer survey report by the University of Cyprus released on Thursday. The Economic Sentiment Indicator (ESI-CypERC) rose by 1.1 points compared to the previous month, something which the report primarily attributes to more robust confidence in the services sector. “The increase in the Services Confidence Indicator was driven by further improvements in the assessments of past performances (in terms of both business situation and
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Дорожный департамент переходит на «цифру»
26 May 2022
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Министерство транспорта, коммуникаций и общественных работ приступает к полной цифровизации процедур и услуг Дорожного департамента. В этом ведомству поможет Подминистерство исследований, инноваций и цифровой политики. Отдел ИТ-услуг цифрового подминистерства заключил с Минтрансом контракт на общую сумму 7,5 млн евро. Стоимость разработки информационной системы для Дорожного департамента и приобретения компьютерного оборудования включена в план восстановления и устойчивости, дата начала проекта установлена на 1 июня 2022 года. Продолжить чтение в
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Major Landmark Deal To Develop 130,000sqm Area Around Limassol Casino
25 May 2022
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The real estate industry in Cyprus is set to receive a major boost, following recent news that Israeli business tycoon Gilad Shabtai is investing in over 130,000sqm of land for development around the area of the City of Dreams Mediterranean integrated casino resort in Limassol. The majority of the specific land was acquired from “Cyprus Fasouri Plantation Holdings Ltd” member of CNS Shacolas Group. Strategically located in the emerging Zakaki area, the expansive land for development comprises the area immediately
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Coronavirus: Scrapping of face mask mandate under discussion
23 May 2022
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Members of the scientific team are expected in the next few days to submit recommendation regarding the use of face masks indoors and whether the measure against Covid-19 should be scrapped. Reports on Monday suggested that epidemiologists are currently split between those in favour of abolishing face masks indoors and others who believe the measure should remain in place in case of a possible new variant after the summer months. Health Minister Michalis Hadjipantelas will then convey the epidemiologists’
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Bank of Cyprus posts €21 mln first-quarter profit
23 May 2022
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The Bank of Cyprus on Thursday announced that it recorded a profit after tax of €21 million during the first quarter of 2022, €13 million higher than the corresponding period of 2021. Moreover, it also recorded a profit after tax and before non-recurring items of €27 million, reflecting a 65 per cent year-on-year increase. The bank’s total income during this time also rose by 7 per cent year-on-year to reach €146 million. Continue reading at source: Cyprus
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Cyprus Business Now
14 May 2022
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Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Friday the signing of a Memorandum of Understanding (MoU) with IDEA Innovation Centre president Charis Pouangare. The MoU involves the grant of €100,000 by the Ministry to two innovative start-ups that completed the business creation programme by IDEA, a non-profit startup incubator. Continue reading at source: Cyprus
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Cypriot banks kept on positive outlook by Fitch Ratings
12 May 2022
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Fitch Ratings on Tuesday said that the ratings of the Bank of Cyprus and Hellenic Bank have been kept on Positive Outlook in spite of the escalating global economic dangers stemming from the war in Ukraine. “We still expect Hellenic Bank (HB, B/Positive) and Bank of Cyprus (BoC, B-/Positive) to progress with their planned disposals and securitisations of impaired loans, an expectation that underpins the Positive Outlooks,” the agency said. Continue reading at source: Cyprus
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Спортивный туризм: недооцененные возможности
12 May 2022
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Глава Подминистерства туризма Саввас Пердиос заявил: Кипру необходимо начать активно инвестировать в спортивный туризм – сферу, которая ранее обычно оставалась на вторых ролях. Представитель ведомства выступал на конференции под названием «Развитие, устойчивость и инновации спортивного туризма на Кипре». В обсуждении темы также приняли участие глава Подминистерства туризма Греции София Захараки и президент Кипрской спортивной организации Андреас Михаилидис. Кипр меняет приоритеты «Нам надо активно инвестировать в спортивный туризм», – заметил Пердиос. В частности, он предложил обратить более пристальное внимание на такие виды
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Hermes Airports presents summer flying program
12 May 2022
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Hermes Airports presented the new summer flying program from and to the airports of Larnaca and Paphos, which marked the return to many and different connections from and to Cyprus. Based on the current program, the summer period seems positive and airlines are scheduling an important number of flights. Specifically, this summer, 50 airlines will carry out flights to and from the airports of Paphos and Larnaca, with 140 itineraries, including five new ones, from 95 destinations in 38 countries.
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Government Announces New Relaxations, As Covid-19 Situation Improves Further
10 May 2022
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The Cyprus’ government announced on Tuesday new relaxations in the measures aiming at containing the spread of Covid-19, as the epidemiological situations improves further, Minister of Health Michalis Hadjipantela has said. In statements following the Council of Ministers meeting, Hadjpantela said the Cabinet decided that, as of May 15, no Safe Pass will be necessary for entertainment venues, nightclubs, music and dance venues and receptions venues, including for wedding and baptising ceremonies, while no Safe Pass will be required for
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Hermes Airports presents summer flying program
09 May 2022
5 Comments
Hermes Airports presented the new summer flying program from and to the airports of Larnaca and Paphos, which marked the return to many and different connections from and to Cyprus. Based on the current program, the summer period seems positive and airlines are scheduling an important number of flights. Specifically, this summer, 50 airlines will carry out flights to and from the airports of Paphos and Larnaca, with 140 itineraries, including five new ones, from 95 destinations in 38 countries.
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‘Huge milestone’ marked in Cyprus-UK ties
09 May 2022
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British high commissioner Stephen Lillie celebrated the “huge milestone” in Cyprus-UK ties on Monday outlining the new deal for development in the British bases. The British bases, comprising 254 square kilometers – three per cent of the island’s territory, will allow for the construction of houses, shops, schools, restaurants and light industrial facilities while third-country nationals will be able to live, operate and establish businesses in the bases. Senior UK and bases officials spoke at the presidential palace on
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Кипрские застройщики выходят на британские базы
09 May 2022
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C 9 мая отменяются ограничения на строительство на территориях британских военных баз. Это стало важным изменением для жителей и владельцев недвижимости в Акротири и Декелии. В документе, опубликованном главой пресс-службы президента Андреасом Иосифом, говорится: с 9 мая 2022 года начинается действие соглашения, заключенного 15 января 2014 года. Меморандум был подписан президентом Кипра Никосом Анастасиадисом и бывшим премьер-министром Великобритании Дэвидом Кэмероном. Строительство будет разрешено на территориях за пределами военных объектов. Эта договоренность открывает значительные экономические, туристические и коммерческие перспективы для муниципалитетов и
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Солнце как экономический актив
03 May 2022
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3 мая в мире отмечается День Солнца. Для Кипра эту дату можно считать особенной по многим причинам. В первую очередь потому что на острове от 300 до 340 солнечных дней в году. Зимой средняя температура составляет +13-15°C, летом – +30-33°C. Климат Кипра считается одним из самых здоровых в мире. Небесное светило на службе у государства К экономике страны это имеет прямое отношение, так как благоприятные климатические условия – один из главных драйверов для развития туризма. И государство намерено использовать данный
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Павлос Контидис – чемпион мира
03 May 2022
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Кипрский яхтсмен Павлос Контидис выиграл золотую медаль на международном соревновании во французском городе Йер. Неофициальное название турнира – «Уимблдон парусного спорта». Контидис поблагодарил всю команду, которая стояла за его победой, и своих болельщиков, поддержавших его в этой непростой гонке. Это четвертое золото кипрского атлета на чемпионате мира и второе – на чемпионате мира в Йере. Три года шел к победе «Это была очень напряженная гонка с сильными переживаниями и слабым ветром. Позиции постоянно менялись. Я сделал правильный выбор и сумел
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Cyprus Business Now
02 May 2022
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The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators. The presentation took place at the Thalassa Municipal Museum in Ayia Napa and was attended by town mayor Christos Zanetto, Etap director Lakis Avraamides and Famagusta hoteliers’ association (Pasyxe) president Doros Takkas. The Ayia Napa mayor welcomed the tour operators and informed them of the efforts being made to further upgrade the area’s tourist offerings.
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Cyprus-Greece ferry link set to start in June (Update 2)
30 April 2022
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The first ferry link between Cyprus and Greece – specifically, from Limassol to Piraeus – is to be up and running on June 19, it was announced on Friday, with the trip lasting about 30 hours. “After 21 years, our fellow citizens will be able to travel to Greece and Europe by sea, transporting their private vehicles as well,” President Nicos Anastasiades said. He praised the development as fulfilling the goal of achieving alternative connectivity, adding that it will
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Cyprus takes Eastern Med regions initiative in EU cyber security
29 April 2022
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Cyprus is taking the initiative to take the lead in the Eastern Mediterranean region for the cyber security of the European Union. In fact, Cyprus acts as a bridge of communication between the Middle East and Europe in cybersecurity, according to Defence Minister Charalambos Petrides. Petrides was addressing a seminar on Wednesday called “Course on the role of the EU Cyber Ecosystem in the Global Cyber Security Stability”. Continue reading at source:
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Исторический центр Ларнаки «поднимут» магазины
28 April 2022
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Муниципалитет Ларнаки, Bank of Cyprus и городская Ассоциация владельцев магазинов объявили о запуске программы по поддержке магазинов в историческом центре города. Цель проекта – создать и продвигать единую идентичность делового района, поднять его коммерческую привлекательность. Об этом шла речь на специальной пресс-конференции, посвященной этому вопросу. Мэр города Андреас Вирассторический, выступая с презентацией идеи, отметил, что торговый район Ларнаки всегда был центром коммерческой жизни, игравшим ключевую роль в местной экономике: «Торговый район Ларнаки прекрасен, он расположен в самом центре города и открывает
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Cyprus hopes to benefit from Estonian digital expertise
26 April 2022
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The government wants to exchange expertise with Estonia to benefit from its expertise in the implementation of digital transition projects, deputy ministry for innovation and digital policy Kyriacos Kokkinos said on Monday. He was speaking ahead of President Nicos Anastasiades’ upcoming two-day visit to Estonia on Wednesday. Continue reading at source: Cyprus
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Further relaxations on Covid measures as of Good Friday and from May 15
21 April 2022
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There are no restrictions on the number of people at house gatherings over Holy Easter holidays and no SafePass requirement for outdoor venues as of Good Friday. And this is just part of further relaxations on the coronavirus measures that the Cabinet has approved amid an improved epidemiological picture. Continue reading at source:
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Рейсов в Центральную Европу станет больше
15 April 2022
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Тот факт, что с 2020 года сектор туризма каждый год сталкивается с каким-нибудь кризисом, привел его в состояние повышенной готовности и заставил Кипр усерднее работать над диверсификацией своего продукта. В этом убежден глава Подминистерства туризма Саввас Пердиос. Трудности как стимул для развития Вечером 12 апреля Саввас Пердиос присутствовал на церемонии вручения премии Cyprus Tourism Awards 2021 в Лимассоле и вручил 42 награды в восьми различных категориях. «Победители показывают всем нам: что бы ни случилось, туризм всегда найдет способ выстоять, несмотря
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Restaurant review: Pitot, Limassol
14 April 2022
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As seemingly the last Limassol resident to have not eaten at the popular Israeli restaurant, visiting Pitot was long overdue. I did once attempt to visit Pitot but unluckily happened to swing by on a national holiday, encountering a shuttered joint. That mistake has finally been rectified. Pitot is a small place, a perpendicularly set up street food style restaurant with a row of tables in the interior, and a few tables outside. It is undoubtedly a casual experience, so
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Hellenic Bank completes NPL portfolio sale agreement
12 April 2022
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Hellenic Bank on Monday announced that it has entered into an agreement for both the sale of a non-performing exposures portfolio, as well as the bank’s servicing platform APS Debt Servicing, to Pacific Investment Management Company LLC (PIMCO). “This is a transformative transaction making a decisive step in dealing with the Bank’s NPEs, [since] the transaction substantially de-risks the bank’s balance sheet from NPEs, reducing the NPE ratio to a proforma 3.4 per cent,” Hellenic Bank CEO Oliver Gatzke
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Cyprus Business Now
09 April 2022
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The Paphos regional board of tourism (Etap) this week announced that it participated in the inaugural meeting for the U-Mar Project, in Sicily, as part of the actions of the European Union’s ERASMUS + programme. According to an announcement, the project partners met on March 30, exchanging views on their future actions and informing each other about the project and its innovative aspects. Continue reading at source: Cyprus
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No Cyprus Flight Pass from April 18, other Covid rules lifted as of Monday
08 April 2022
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Cyprus will lift Covid-19 conditions for travel to the holiday island from April 18, while a number of other rules imposed by the pandemic two years ago end on Monday. Specifically, authorities are scrapping a colour-coded assessment of other countries based on epidemiological risk, an inbound flight permission to travel and PCR or rapid lateral flow tests for those who were fully vaccinated against Covid-19. However, people who have not been vaccinated, or not completed their booster shots would still need
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Cabinet to further relax Covid measures, Safepass presentation set to end
07 April 2022
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The Cabinet on Thursday is expected to further relax coronavirus protective measures including an end to the presentation of a SafePass at workplaces, shops, restaurants and other commercial premises smaller than 200 square meters. SafePass abolition will also apply to banks and public service departments, insiders told Philenews on Thursday. Continue reading at source:
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Cyprus Business Now
07 April 2022
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Revenues from tourism in the first month of 2022 exceeded €28 million, with the rate of decline in revenue compared to the pre-pandemic era, meaning January 2020, remaining lower than the corresponding rate of decline in arrivals. According to the results of the Traveler Survey, conducted by the Cyprus Statistical Service (Cystat), revenues from tourism in January 2022 reached €28.2 million. The same figure stood at €2.8 million in January 2021 and €40.2 million in January 2020.
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Cyprus Business Now
31 March 2022
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Cypriot telecommunications company Cyta on Wednesday announced the start of operations on the Arsinoe optical fibre subsea cable system. “Arsinoe strengthens the role of the organisation and, by extension, Cyprus as an ultra-modern telecommunications hub in the region,” Cyta said. The cable system will cover Cyprus’ increased need for international connectivity in crucial areas, particularly for internet and cloud-based services. Continue reading at source: Cyprus
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Cyprus President To Meet With ECB President On Wednesday
28 March 2022
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Cypriot President Nicos Anastasiades on Wednesday will meet with ECB President Christine Lagarde, who is visiting Cyprus at the invitation of the Central Bank of Cyprus Governor and ECB Governing Council member, Constantinos Herodotou. According to a written statement issued by Andreas Iosif, Director of the Press Office of the President, the visit takes place “as the Ukrainian crisis inevitably impacts the EU’s economy.” Continue reading at source: Gold
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Hellenic Bank-RCB Bank loan agreement prevents stronger impact on island’s banking sector
24 March 2022
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Hellenic Bank’s announcement on Tuesday that it will acquire an up to €556m performing loan portfolio from RCB Bank Limited means a stronger impact on the island’s banking system has been prevented. The unavoidable impact was sparked from the Russian invasion in Ukraine and the prompt EU, British and US sanctions against Russian interests, Philenews reports. Continue reading at source:
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TheSoul Publishing Earns Great Place to Work® Certification
23 March 2022
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TheSoul Publishing, an award-winning digital studio that produces entertaining, original, and positive content for a global audience is now the latest member of the Great Place to Work® family in Cyprus. Great Place to Work® is a global, specialist consulting firm, with a presence in 60 countries and more than 30-years experience in the assessment and research of workplace culture. It assesses around 10,000 enterprises and more than 10 million employees each year. Continue reading at source: Gold
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Over 2,500 Building Permits Issued Under New Procedure, Interior Minister Says
21 March 2022
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More than 2,500 new building permits issued under the new, fast-track procedure since it was implemented in October 2021, said Cyprus Minister of Interior Nicos Nouris, addressing the 29th General Assembly of the Cyprus Association of Civil Engineers on Saturday. Nouris said in his address that, starting June 2022, the new procedure will be available for large and complex developments, adding that the Ministry’s goal is for all permits for investments valued over €25 million to be issued within 12
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Government Portal To Go Live By May, Kokkinos Says
18 March 2022
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Cyprus’ government web portal (gov.cy) will be operational in April or May at the latest. It will initially provide citizens with 80 government services, Deputy Minister of Research, Innovation and Digital Police Kyriacos Kokkinos has said. “Gov.cy, the flagship product of our work, is under construction and will be operational around April or May at the latest, but this will be only the beginning,” Kokkinos said in statements following a meeting with the Cyprus Scientific and Technical Chamber
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Digital innovation at the spotlight of Nicosia event
18 March 2022
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The benefits of digital solutions and the resulting improvement in business competitiveness were highlighted at an event in Nicosia on Wednesday. The event was organised by IBM spinoff Kyndryl, whose Cypriot operations are based in the capital. The company specialises in designing, creating, managing and upgrading mission-critical technology systems for both public and private sector organisations. Continue reading at source: Gold
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Airline industry asks for removal of all Covid-19 restrictions
17 March 2022
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Airports Council International (ACI Europe) and the International Air Transport Association (IATA) on Monday asked for the removal of all Covid-19 travel restrictions currently in force for trips within the EU, as this would reflect the recent relaxation of measures across the bloc. This includes the abolition of all testing requirements, proof of vaccination, passenger locator form (PLF) for intra-EU and Schengen area travel, as well as the need to wear a mask on planes since it is no longer
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Cyprus Business Now
16 March 2022
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Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Tuesday that it has been appointed as the official distributor and service partner for marine technology manufacturer Danelec in Greece. After having first represented the Danelec brand for several years through its headquarters in Cyprus, Tototheo will now do so also through its office in Piraeus. “Our team in Piraeus is fully prepared to handle Danelec product inquiries, service requests and support of Danelec products”, head
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BOCAM Wins Best Asset Management Company For 2022
16 March 2022
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Bank of Cyprus' BOCAM records another important distinction, as it is awarded as the Best Asset Management Company in Cyprus for the year 2022 (Asset Management Company of the Year Cyprus 2022). The prestigious international magazine “Global Banking & Finance Review” has awarded BOCAM in the framework of the “Global Banking & Finance Awards,” and highlights the work done in the Asset Management services (Discretionary and Advisory Management) and recognizes its high quality service delivery and staff professionalism. Continue
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В Пафосе – новая пешеходная зона. В Ларнаке – обновленный стадион
16 March 2022
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Муниципалитет Пафоса обсуждает возможность сделать бульвар Посидонос пешеходной зоной. Важный аргумент в пользу этого предложения – бульвар тянется вдоль моря, и красивое, уютное место располагает к пешим прогулкам. Движение машин по проспекту в такой ситуации – дополнительный фактор опасности. Из аргументов «против» – риски уничтожения зеленых насаждений. Напомним, благоустройство проспекта Посидонос было проведено в 2007 году. На тот момент городские власти решили, что он должен закрываться для автомобилей с мая по октябрь, а в зимний сезон движение должно становиться односторонним
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Cyprus Business Now
15 March 2022
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Baker Tilly South East Europe chief executive officer Marios Klitou on Tuesday will receive the title of National Order for Faithful Service of the Rank of Knight by the Romanian ambassador to Cyprus Dan Michalache. The ceremony is scheduled to take place at the Romanian embassy in Nicosia. The presentation of the award to the Cypriot executive was first announced on January 6, when Romanian President Klaus Iohannis decided to bestow the honour as a sign of appreciation for Klitou’s
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Coronavirus: No further relaxations necessary as advisors meet minister
14 March 2022
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No further relaxations, no increased restrictions but a fourth dose of a Covid-19 vaccine for the elderly and immunocompromised are on the cards, an expert said on Monday. A fourth shot across the wider population will be considered towards September, as much of the population’s immunity levels will have waned by then, government advisor Petros Karayiannis said. The advisory team meets with Health Minister Michalis Hadjipantelas later on Monday amid a rise in the positivity rate and infections –
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Rare snowfall seen in Nicosia (updated, pictures, video)
14 March 2022
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What is set to be the coldest day of the winter began on Sunday morning with rare snowfall in many areas of Nicosia as the impact of the Philippos weather system continues to be felt. But Met office official Iasonas Christodoulou told the Cyprus News Agency that more snow was not expected in Nicosia, falling only in areas above 500m. Continue reading at source: Cyprus
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В Никосии появится новый детский медцентр
11 March 2022
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Министерство здравоохранения планирует открыть новый детский медицинский центр неврологического профиля. Здесь будут оказывать медпомощь маленьким пациентам и проводить консультации для родителей. Среди наиболее актуальных проблем, с которыми сейчас родители обращаются к профильным специалистам – синдром дефицита внимания и гиперактивности, нарушения развития речи, расстройства аутистического спектра, особенности умственного развития, моторное расстройство и другие. Продолжить чтение в
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Ferreira: EU To Fund Public Administration, Renewables, Digital Finance Projects In Cyprus
10 March 2022
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The European Commission approved 225 reform projects that will be supported under the Technical Support Instrument (TSI), Commissioner for Cohesion and Reforms, Elisa Ferreira announced on Tuesday. Eight of these projects deal with reforms in Cyprus, in the areas of building renovation, digital finance, accrual accounting, financial literacy, renewable energy sources and public administration. Continue reading at source: Gold
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История кипрских марок
10 March 2022
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Марки каждой страны – ценный источник информации по истории и культуре того государства, которое их выпускает. Поэтому неудивительно, что коллекционирование марок остается важным занятием для тысяч людей. Чем может Кипр порадовать филателиста? Продолжить чтение в
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Открыть Кипр заново
10 March 2022
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Жители Кипра стали все чаще выбирать местные направления для своего отпуска. Показатели внутреннего туризма в стране выросли с 6-7% в допандемийное время до 10-11% в 2021 году. Об этом рассказал генеральный директор Кипрской ассоциации отельеров Филокипрос Русунидис. Он отметил, что, например, три выходных дня с 5 по 7 марта многие киприоты провели в горных районах острова. Самый популярный формат – аренда номера в отеле или домика у частного владельца. В целом же за последние два года внутренние направления для отпуска
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Dance world comes to life in Limassol this weekend
09 March 2022
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Preparations are underway for the 2nd Cyprus Choreography Showcase in Limassol this weekend. Organised by the Cultural Services of the Ministry of Education, and the Rialto Theatre, the Showcase brings dancers and choreographers together to celebrate the art of dance. International personalities from the field of contemporary dance were invited to attend performances of the Showcase and possibly suggest some to participate in their own festivals, thus giving Cypriot choreographers an opportunity for international exposure. Continue reading at
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С 10 марта – обновленные правила авиаперелетов
09 March 2022
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Министерство здравоохранения опубликовало новую категоризацию стран, которая вступает в силу 10 марта. Согласно решению Минздрава, «зеленая» категория была расширена – в нее добавлены Руанда и ОАЭ. Обе страны «переехали» из красной группы. Продолжить чтение в источнике: vkcyprus
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Stores without SafePass and other changes
08 March 2022
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What easing of anti-pandemic measures come into force? The new rules come into effect on March 8th. Residents infected with the coronavirus will be able to complete their self-isolation on the seventh day, and not on the tenth day. True, this rule is valid only on the condition that a person has passed a PCR or rapid test and received a negative result. This applies to all infected people who are currently in quarantine. If the test result is positive, the test
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Cyprus Finance Minister announces fuel tax reduction
08 March 2022
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Cyprus Finance Minister Constantinos Petrides announced on Thursday a reduction in fuel tax following a Cabinet meeting, at the Presidential Palace. “The Cabinet decided to reduce fuel tax at the maximum levels allowed by the European acquis and extend the period of implementing a reduced VAT by 5% and 9% in power consumption”, said Petrides. Continue reading at
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Restaurant review: Art Café 1900, Larnaca
04 March 2022
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A casual afternoon out for a couple of drinks can build up an appetite so, quite spontaneously, my friends and I decided to find somewhere to go and satisfy our hunger. With nowhere specific in mind, we began to wander the streets. Restaurant after restaurant turned us down, whether they actually were fully booked or, were not impressed by our casual afternoon attire on a Saturday evening is anyone’s guess. About to give up our search, I spotted a small,
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Утверждены новые послабления антиковидных мер
04 March 2022
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Кабинет министров принял новые послабления. Жизнь постепенно возвращается в нормальное русло. Глава Минздрава Михалис Хаджипантела заявил, что стабильное и очевидное улучшение эпидемиологической картины, сокращение числа госпитализаций, снижение количества заражений и положительных результатов тестов показали, что принятые ранее меры принесли результаты. Продолжить чтение в
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Cyprus Business Now
03 March 2022
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The vice president of the European Investment Bank (EIB), Liliana Pavlova, who oversees financing operations for Cyprus, among other countries, will pay an official visit to the island on March 3, 2022, according to an announcement by the Ministry of Finance. Pavlova, who will be accompanied by a group of EIB officials, will have meetings with the Minister of Finance, the Minister of Transport, Communications and Works, the Minister of Energy, Trade and Industry, and other bodies.
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Воздушный змей своими руками
03 March 2022
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Приближается Зеленый понедельник, а это значит, что жители Кипра по традиции готовятся запускать воздушных змеев. Как сделать его своими руками, если вы не хотите покупать игрушку в магазине? Continue reading at source: vkcyprus
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Get to grips with a new skill at upcoming workshop
03 March 2022
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Traditional art, and even perfume gel-making workshops are taking place this week, sharing techniques, stories and fun with old and young. The artisans of the island are welcoming spring with entertaining workshops, some happening just for one day and others repeated in the months to come. On March 5, the Bee and Embroidery Museum in Kato Drys will offer workshops focusing on the art of Lefkara Lace. At 10.30am and then again at 3pm, two-hour workshops will take
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Dance Did you say dance
02 March 2022
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From learning to dance in the living room to teaching Greek steps around the world, one local choreographer’s life has been dominated by dance. PAUL LAMBIS meets him For over two decades, renowned choreographer Christos Shakallis has been teaching the Zorba dance and sharing his passion for Greek and Cypriot folkloric dances with audiences around the world. His deeply personal, and introspective work creates something memorable and powerful, raising awareness of his cultural identity through dance. Continue reading
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С 3 марта в «зеленой» категории – всего две страны
02 March 2022
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С 1 марта вступили в силу новые правила для авиапассажиров, прилетающих на Кипр. Вместе с этим начинает действовать новая категоризация стран. От того, к какой категории относится конкретное государство, зависит, какие именно требования должны выполнить не привитые и не переболевшие пассажиры, равно как и те, у кого закончилось действие ковид-сертификата. Продолжить чтение в
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Тропа Афродиты – где скалы встречаются с морем
02 March 2022
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На границе районов Лимассола и Пафоса, в селени Писсури, был открыт один из самых известных туристических маршрутов Кипра. Он настолько красив, что, находясь здесь, чувствуешь, будто идешь по стопам Афродиты. Он так и называется – Тропа Афродиты. Если верить истории, отраженной в мифах, богиня любила прогуливаться в этих местах. Здесь же она встретила своего возлюбленного – Адониса. Эта живописная тропа, начинающаяся от пляжа Пролимнос (собачий пляж в нескольких километрах от Петра-ту-Ромиу) и заканчивающаяся на улице 28 октября в Писсури.
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Coronavirus New protocols at airports from March 1
01 March 2022
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The new Action Plan for the smooth operation of flights and the operation of airports comes into effect from Tuesday, March 1, the Transport Ministry said. Under the new regime, the categorisation of countries, based on the epidemiological risk assessment, shall be modified to include three categories with the following colour code: Green, Red and Grey Category. Continue reading at
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Как настроить себя на Великий пост
01 March 2022
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Часто мы говорим, что Великий пост — это лишь инструмент подготовки к Пасхе. Но на деле он сам по себе уже вхождение в празднование Пасхи. Тот самый глубокий выдох, без которого не сможет произойти вдох. Поэтому пост надо использовать, чтобы избавиться от ненужного — выдохнуть. И приобрести то, что сможет вас наполнить — вдохнуть. В трех советах от протоиерея Павла Великанова — небольшой список того, что, по его мнению, нужно постараться сделать за время Великого поста. Продолжить чтение в
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Кипр отменяет ограничения для привитых и переболевших путешественников
01 March 2022
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С 1 марта вступают в силу новые правила для пассажиров, прилетающих на Кипр. Распределение стран будет проходить по трем категориям: зеленой, красной и серой. Кипрская зеленая категория соответствует зеленой и оранжевой категориям в классификации Центра по контролю и профилактике заболеваний (ECDC), а кипрская красная – красной и темно-красной категориям ECDC. Подразумевается, что все пассажиры, которые обязаны по прибытии сдавать ПЦР-тест, должны сделать это в обязательном порядке, чтобы иметь возможность пройти паспортный контроль. Кроме того, все без исключения пассажиры должны
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Пилот украл. Его сын – вернул
28 February 2022
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Икона Иоанна Крестителя, написанная в XVIII веке на Кипре и украденная пилотом британских королевских ВВС в 1974 году, будет возвращена на остров. Об этом заявил нынешний ее владелец – сын пилота, присвоившего себе икону. Его отец служил на Кипре во время событий 1974 года. Мужчина, пожелавший остаться неизвестным для публики, обратился в Женевскую академию международного гуманитарного права и прав человека с просьбой содействовать безопасному возвращению иконы. Он заявил, что, по его мнению, это будет «правильным поступком». Он не назначил
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Природные тропы – самое время!
28 February 2022
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Закончилась зима. Поля покрылись зелёной травой, орешник – белой и розовой дымкой крон. Вдоль дорог и троп – жёлтые и белые шапки полевого цветения, сквозь них проглядывают алые маки. Жаркое лето впереди, и сейчас самое время пройти по любимым природным тропам. Сегодня наш рассказ о восхитительной прогулке по тропе Афродиты. Продолжить чтение в
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Increased transparency to benefit property buyers
25 February 2022
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Real estate agents being granted access to property price data is beneficial to property buyers, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Wednesday. This refers to a recent decision by the land registry to allow real estate brokers to access comparative price data of property sales in Cyprus, the first time this has been allowed, with only property appraisers previously being able to access this information. “This greatly enhances the quality of services that
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Антиковидные меры снимут раньше, чем планировалось
24 February 2022
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Дальнейшее ослабление антиковидных мер ожидается в течение ближайших недель, а не месяцев. Об этом заявил 22 февраля эпидемиолог, один из членов научно-консультативного комитета Михаил Вониатис. Он считает, что обществу нужно научиться жить с коронавирусом. Ранее ответственные лица заявляли, что отмена ограничений возможна только через несколько месяцев. Михаил Вониатис отметил, что несмотря на большое количество заражений, число госпитализаций не увеличилось. «Мы должны быть реалистами и понимать, что жить с коронавирусом придется еще долго, а заражения неизбежно еще будут», – сказал он,
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СОТРУДНИКИ КИПРСКИХ ОТЕЛЕЙ ГОТОВЯТСЯ ГОВОРИТЬ WELCOME И «ЗДРАСЬТЕ»
24 February 2022
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На Кипре в разгаре подготовка к туристическому сезону. По данным портала Brief, отельеры готовятся говорить Welcome и «Здрасьте», ожидая гостей из двух главных стран-поставщиков туристов на остров Афродиты — Великобритании и России. Гендиректор Кипрской ассоциации владельцев отелей (PASYXE) Филокипрос Русунидис надеется на то, что 2022 год будет хорошим для туристического бизнеса. При этом представители туротрасли стараются не питать иллюзий. Продолжить чтение в источнике: evropakipr
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The Digital Services Factory Way Faster Smarter Simpler digital citizen services
23 February 2022
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With the quality and effectiveness of public administration being a key factor for a country's economic performance and the well-being of its citizens, e-government is directly linked to the concept of administrative reform and the implementation of an effective digital transformation in the public sector. As public authorities must adapt to the new circumstances, the Deputy Ministry of Research, Innovation and Digital Policy, under the Digital Services Factory (DSF) project, is taking an initiative which is expected to radically change
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Bank of Cyprus posts €30 million annual profit
22 February 2022
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The Bank of Cyprus posted an after-tax profit of €30 million and a profit after tax and before non-recurring items of €91 million in its financial results released on Monday. “2021 saw a strong recovery in the Cypriot economy after a period of pandemic-related disruption, providing an improved backdrop against which the Bank performed well,” Group CEO Panicos Nicolaou said. Continue reading at source: Cyprus
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Cyprus Business Now
11 February 2022
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Cyprus Shipping Chamber (CSC) president Themis Papadopoulos and director general Thomas Kazakos travelled to London this week to attend a session hosted by the International Maritime Organisation (IMO). The event has focused on the maritime industry’s green transition, as well as the challenges posed by the coronavirus pandemic. Regarding the latter issue, the IMO Assembly adopted a resolution on comprehensive action to address seafarers’ challenges during the pandemic. Continue reading at source: Cyprus
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Possible Relaxation Of Measures Next Week, Says Minister Of Health
10 February 2022
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A possible relaxation of measures will depend on the Scientific Advisory Committee, Health Minister Michalis Hadjipantela told CNA on Thursday, adding that cases and hospitalisations have stabilised and the next few days are expected to bring better results. The decision to relax the measures will be taken following a meeting between the Minister and the Committee on Thursday morning. After the two sides will meet, Hadjipantela will take part in the weekly cabinet meeting. While the current situation in Cyprus
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Cyprus Business Now
09 February 2022
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The Industrial Turnover Index increased by 17.8 per cent year-on-year in November, with the index being 13.6 per cent higher in the first eleven months of 2021 when compared to the corresponding period of 2020. According to a report by the Cyprus Statistical Service (Cystat), the index reached 157.4 points (base 2015 = 100) in November of 2021. In the manufacturing sector, the index reached 160.3 points in November 2021, recording an increase of 14.1
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Cyprus Business Now
08 February 2022
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The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (CNA). The period in which the increase took place coincides with the implementation of a recently enacted piece of legislation that mandates that all companies accept cards as a means of payment. Regarding specific categories in which the volume increase was observed, these include catering services (58 per
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EU Digital Covid Certificate extended till June 30 for travelling within bloc
07 February 2022
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The European Commission has extended the EU Digital Covid Certificate by a year – specifically up until June 30, 2023 – since the contagious virus continues to be prevalent in Europe. This means that travellers can continue using their EU Digital Covid Certificate when travelling in the EU where Member States maintain certain public health measures. Continue reading at source:
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Major tech startup programme comes to Cyprus
01 February 2022
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The European Startup Universe, the biggest project for EU tech startups, is coming to Cyprus, the non-profit organisation announced earlier this month. The programme, which is scheduled to start on March 1, taking place online, will have a duration of six weeks, facilitating the transfer of knowledge, experience and support among technology startup founders and mentors. The ESU’s objective is to bring together 10,000 early stage startups from across the European Union, with late-stage founders, angel investors, corporates and
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Coronavirus: Adviser says epidemiological picture good, opens the way to relaxations
31 January 2022
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The current epidemiological picture in Cyprus is good and the issue of relaxations will be on the table during a meeting on Tuesday, a member of the government’s scientific team said on Sunday. Epidemiologist Michalis Voniatis told Cybc said that epidemiological indicators show a decrease in cases but more importantly, a decrease in hospitalisations. “With this data and given the great wall of immunity that has been achieved by vaccinations, decisions can be made to relax some restrictive measures,”
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Bus Passengers In Nicosia And Larnaka To Travel With 5G Speed
28 January 2022
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Connection to a Wi-Fi network, with 5G speed, will be possible for passengers of Cyprus Public Transport buses. The connectivity option is provided to the company’s fleet of 300 buses, in Nicosia and Larnaka, as well as to the bus stations. Also, a new route network, providing more options to passengers will be implemented on January 29th. Yiannis Karousos, Minister of Transport, Communications and Works spoke of an upgrade to public transport in Nicosia and Larnaka. He said that data
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Ayia Napa Marina’s Event Centre is Now Open to Host Events
28 January 2022
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Ayia Napa Marina is entering a new era, announcing the launch of its Event Centre, a one-of-a-kind architectural marvel designed to accommodate all types of high-level, corporate, social, private, or international events. The excellent architecture of the building blends in harmoniously with the natural coastal environment, while its impressive and modern design, combined with the natural details, makes it the focal attraction of Ayia Napa Marina. The Event Centre will be delivered by the end of January 2022, and due
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President Anastasiades Satisfied With Works To Open Up The Electricity Market
26 January 2022
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President Nicos Anastasiades said he is satisfied with the timetable for the opening of the competitive electricity market, set to operate in the fall of 2022, according to a written statement by Deputy Government Spokesperson Niovi Parisinou, following a meeting the President had Monday with Energy Minister, Εnergy System Operator Head, Cyprus Energy Regulatory Authority (CERA) Board and other officials. Continue reading at source: Gold
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Central Bank agrees collective agreement in effort to streamline structure
21 January 2022
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The Central Bank of Cyprus (CBC) announced on Thursday that it has signed a new collective bargaining agreement with the Cyprus Union of Bank Employees (Etyk). “Today’s agreement is a milestone for the central bank,” CBC Governor Constantinos Herodotou said after the signing. Herodotou said that the new agreement will see the central bank simplify its organisational structure, which will consist of ten employment levels. Continue reading at source: Cyprus
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Renewable energy programmes a success, ministry says
20 January 2022
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The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful. The main reasons cited for this assessment include the increased investment in this sector, as well as the increased penetration of renewable energy systems in the Cypriot market. “First, the programmes attracted investment in the installation of large photovoltaic parks, since, until then, the focus was mainly on small
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Coronavirus: Travel restrictions being lifted for fully jabbed (Update 1)
19 January 2022
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Vaccinated passengers and those who have recovered from Covid-19 will be exempted from travel regulations based on the epidemiological categorisation of their country according to the new national travel regulations to be in force as of March 1. In a second decision, the cabinet reduce the self-isolation period from 14 to 10 days, for people who are close contacts of a confirmed positive. The decision enters into force on January 24. Release earlier than 10 days can be done by
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Leading retailer Public sees €50mn investment
17 January 2022
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The Olympia Group, an investment group with interests in a number of industries, announced this week it had increased its stake in e-commerce retailer and omnichannel retailer Public-MediaMarkt, operating in Greece and Cyprus, to 98 per cent after a €50 million outlay. MediaSaturnHolding, which engages in the operation of consumer electronics stores in a number of European countries, has retained a 2 per cent stake. Continue reading at source: Cyprus
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Cyprus Business Now
14 January 2022
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According to a report by the Cyprus News Agency (CNA), the yield of the 10-year EMTN bond, issued by the Republic of Cyprus in international markets on Thursday, reached 1 per cent, with demand exceeding supply almost by eight-fold. Following the issuance of the bond, the Republic of Cyprus raised €1 billion in total, with bids amounting to €7.8 billion overall. The CNA report adds that the initial guidance by the publishing consultants provided a yield of 75
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Kasoulides Meets With The Ambassadors Of Greece And France
13 January 2022
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Cyprus` new Foreign Minister, Ioannis Kasoulides, met on Wednesday with the Ambassadors of Greece and France in Nicosia, Ioannis Papameletiou and Salina Grenet-Catalano, respectively. The Ministry of Foreign Affairs said in a post on its Twitter account that the Minister had a cordial meeting with the Ambassador of Greece on the occasion of undertaking his duties, and stressed the continuation of the excellent cooperation, coordination and deliberations between Nicosia and Athens. Continue reading at source: Gold
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Cyprus and Kuwait Foreign Ministers to review bilateral relations
10 January 2022
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Foreign Ministers of Cyprus and Kuwait will review bilateral relations and are expected to discuss developments in region, the Cyprus problem, as well EU-Kuwait relations, during a meeting, on Monday, in Nicosia. Foreign Minister Nikos Christodoulides will meet at the Foreign Ministry, first tete-a-tete and later on in extended format with official delegations, with his Kuwaiti counterpart, Sheikh Ahmed Nasser Al-Mohammed Al-Sabah, who will pay a working visit to Cyprus, a Foreign Ministry press release says. Continue reading at
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Minister Of Health Says New “Deltacron” Variant Found In Cyprus Not Something To Worry About
10 January 2022
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Minister of Health Michael Hadjipantela has said that Deltacron, a new variant of COVID-19 found in Cyprus, was not something to worry about The Minister, who was accompanied by the Permanent Secretary of the Ministry, Christina Yiannaki, on Saturday visited the vaccination center at "Spyros Kyprianou" sports center, in Limassol, where children were vaccinated against COVID-19. In his statements, Hadjipandela thanked the Cyprus Pediatric Society for the voluntary participation of its members in the effort to vaccinate children aged 5
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Qatar Airways Launches Global Sale in Celebration of its 25th Anniversary
10 January 2022
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Qatar Airways celebrates its 25th Anniversary by starting the Global Sales Campaign for passengers in Cyprus, offering great savings with fares starting from €469. This is in addition to special savings on seat selection, extra baggage allowance, hotel bookings and car rental, for a 7-day campaign period starting on January 10th. Passengers joining the airline’s award-winning loyalty programme, Privilege Club, using the enrolment promo code FLYQR22 will instantly earn an additional 2,500 bonus Qmiles in celebration of Qatar Airways
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Health Minister Announces New Package Of Measures With Effect From January 6
07 January 2022
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Cabinet on Wednesday decided new measures to curb the spread of COVID in the community, following the increase in cases and hospitalizations the last days. The measures, which were announced by Health Minister Michalis Hadjipantelas, take effect January 6th. Hadjipantelas said that we need to trust the science and show support to the collective work. Continue reading at source: Gold
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Deloitte’s Tax Facts 2022: Every Taxpayer’s Tool To The Tax System In Cyprus
05 January 2022
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Deloitte has issued its annual tax guide for 2022, "Cyprus Tax Facts 2022". The publication is a comprehensive guide, offering concise information to businesses and individuals on the Cyprus tax system. The guide covers important provisions of tax legislation, including law amendments voted by the House of Representatives during 2021. This year’s publication comprises of the tax calendar for 2022 and information on the tax obligations arising from Income Tax, Special Contribution for Defence, Capital Gains Tax, VAT and Social
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All Passengers Arriving In Cyprus January 4th Onward Need To Show A Negative PCR Test
03 January 2022
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The Health Ministry reminds everyone that new regulations are in place for airport arrivals at the Republic as of January 4th. All passengers, regardless of their vaccination scheme, are asked to present a negative PCR 48 hrs prior to their departure. Regulation applies also to all passengers travelling on the 4th or those who have filled out their CyprusFlightPass within 48 hrs prior to January 4th. Ministry also reminds that all passengers, regardless of their vaccination scheme will have to
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Renewal of road tax as of 7 January
29 December 2021
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According to an announcement of the Road Transport Department, Road Tax for 2022 can be paid from 7th January 2022. Vehicle owners have the option to pay for three, six, nine, or twelve months Road Tax, enabling the cost to be spread across multiple payments. The last date for Cyprus Road Tax 2022 renewal without paying a fine is 11th March 2021. After this date vehicle owners who have not renewed their road tax will be charged 10 euros and
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Eurobank Completes Acquisition Of 12.6% Of Hellenic Bank
29 December 2021
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Greek Eurobank Ergasias announced it has completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second largest lender. The Greek bank said it acquired a 2.7% stake of Hellenic Bank’s share capital namely 11.19 million shares with a price of €8.95 million. Eurobank acquired the stake of Third Point Fund. On July 23 the Bank bought 9.9% of Third Point’s stake in Hellenic Bank and had signed an SPA to acquire the remaining 2.7%
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TUS doubles number of Paphos-Athens flights
28 December 2021
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TUS Airways has decided to expand and increase the number of flights from Paphos to Athens, the transport ministry said on Tuesday welcoming this move as an important development for residents and tourism. The ministry said that the air carrier, that included the Paphos to Athens route in its flight programme from December 10, has informed Transport Minister Yiannis Karousos that it has decided to double its weekly flights from two to four until March 2022. The airline was to
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Coronavirus: Three countries reclassified
28 December 2021
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The health ministry has reclassified three countries on its list of colour-coded destinations for Covid-19. The changes, which take effect from Thursday December 30 included moving New Zealand from orange to green, moving the UAE from green to orange, and Canada from orange to red. Green countries are classed as low risk, orange low risk but in more doubt than green, while red countries are considered high risk. Continue reading at source: Cyprus
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Loan restructurings in Cyprus reach a historic high – CBC
27 December 2021
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Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began at the end of 2014. According to CBC data, restructured loans by the end of October rose to €1.98 billion as banks accelerated loan restructurings following the termination of the payment suspension at the end of 2020 enforced due to the pandemic. The Cypriot payment suspension
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Flights To And From Cyprus Not Affected So Far Despite Covid Omicron Variant
27 December 2021
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Flights to and from Cyprus airports continue as scheduled despite a wave of flight cancelations globally due to the Covid Omicron variant. News agencies reported that around 6,300 flights globally have been cancelled over the Weekend of Christmas due to the Omicron variant which disrupted flights as air carriers’ employees and mainly pilots were in isolation. Continue reading at source: Gold
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Tender For The Biggest Culture Project Ever, The New Cyprus Museum, Announced
24 December 2021
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The greatest culture project implemented by the Government, the new Cyprus Museum, is underway following the announcement on Wednesday of the tender for the construction contract of the project. The announcement of the tender was made by Minister of Transport, Communications and Works, Yiannis Karousos, during an event for the presentation of the project in Nicosia. Tenders will be open until 1st July 2022 and contracts will be signed around the end of the new year. Continue reading at
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Cypriot university teams up with Microsoft for start-ups programme
20 December 2021
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European University Cyprus has linked up with US technology giant Microsoft to launch a new programme for start-up businesses. Titled Microsoft for Start-ups Cyprus Program, the programme will assist 10 strictly Cyprus-based start-up businesses in each iteration, with the businesses receiving a specialised course of education, guidance and mentoring. Through this, the programme aims to accelerate the growth of these start-ups, acclimating them to the world of business while they are still in their nascent stage, while also teaching
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Bank of Cyprus outlook revised to positive by Fitch Ratings
16 December 2021
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American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the same time affirming the bank’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ and Viability Rating (VR) at ‘b-‘. The agency attributes the outlook revision to the bank’s recent agreement to offload €600 million in non-performing exposures (NPEs) and €121 million in foreclosed real estate assets. The agreement, titled Helix 3, will upgrade the Bank
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International Moon Day established at meet in Cyprus
15 December 2021
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Cyprus played host to celebrations to mark International Moon Day, announced during an online press conference organised by NGO Moon Village Association (MVA) in cooperation with the Cyprus Space Exploration Organisation (CSEO) on Tuesday. The announcement was made during the 5th Global Moon Village Workshop & Symposium hosted by CSEO from Nicosia. MVA president Giuseppe Reibaldi said that the UN has approved the association’s proposal to establish July 20 as International Moon Day to commemorate the day humans landed on
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Firms Given Permission To Operate Under TPR Until Their Applications Are Reviewed
15 December 2021
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CySEC has issued a Policy Statement (available here) relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus. It should be noted that in December 2020, CySEC introduced a Temporary Permission Regime so that UK firms can continue to provide investment services without a physical presence in Cyprus, under the condition that they only offer their
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Christodoulides: Cyprus – Egypt Bilateral Ties At All-Time High
15 December 2021
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Bilateral ties between Cyprus and Egypt are now at an all-time high, said Minister of Foreign Affairs of Cyprus, Nikos Christodoulides, following consultations with the Minister of Foreign Affairs of Egypt, Sameh Shoukry in Nicosia. The meeting between the two Foreign Ministers on Tuesday, provided an excellent opportunity to hold an in depth discussion on the bilateral, trilateral and regional partnerships, “which are going from strength to strength, for the benefit of our peoples and also of our whole region,”
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Cyprus Business Now
14 December 2021
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Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with Cypriot banks participating in this initiative. Banks who have been engaged by the central bank and are currently a part of the entire process include the Bank of Cyprus, Hellenic Bank, Alpha Bank Cyprus, Astrobank, Eurobank Cyprus, RCB and the Cyprus Development Bank. The implementation of such a solution aims to help real economy stakeholders,
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Lefkara named one of world’s top tourism villages
13 December 2021
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Lefkara has been recognised as one of the ‘Best Tourism Villages’ by the United Nations World Tourism Organisation (UNWTO). The initiative was launched to advance the role of tourism in safeguarding rural villages, along with their landscapes, natural and cultural diversity, and their local values and activities, including local gastronomy. A total of 44 villages from 32 countries across the five world regions were granted the recognition in 2021. Continue reading at source: Cyprus
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‘A marvel of structural engineering’: Completed Eleftheria Square to be inaugurated
10 December 2021
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Eleftheria Square is an extremely important project by one of the best architects of the 21st century Nicosia Mayor Constantinos Yiorkadjis said on Thursday expressing pride that the local authority dared to take this project on and see its completion. He was speaking during a tour of the square by director of Zaha Hadid Architects (ZHA) and co-designer of the project, Christos Passas, ahead of the inauguration ceremony on Friday night. Continue reading at source: Cyprus
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Cyprus, ExxonMobil and Qatar Energy sign offshore gas exploration deal
10 December 2021
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Cyprus on Friday signed a natural gas exploration and production sharing contract for an offshore field in its Exclusive Economic Zone (EEZ) with ExxonMobil and Qatar Energy. The two will start field work for seismic data acquisition in block 5 next year. The agreement was signed at the presidential palace by Energy Minister Natasa Pilides, Ali Al-Mana, manager of Qatar Energy’s International Upstream and Exploration and Varnavas Theodossiou, managing director for ExxonMobil Cyprus Pilides hailed the ceremony as the
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Cyprus Business Now
10 December 2021
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The University of Cyprus announced on Wednesday that it has signed a partnership agreement with the Cyprus Marine and Maritime Institute (CMMI). The partnership will encompass cooperation in the fields of shipping and maritime research, technological development and innovation. The agreement was signed by the Rector of the University of Cyprus Tasos Christofides, Larnaca mayor Andreas Vyras, and CMMI Chief Executive Officer Zacharias Siokouros. Continue reading at source: Cyprus
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UK and Russia among Cyprus Airways winter destinations
09 December 2021
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Cypriot airline Cyprus Airways announced on Wednesday that it has commenced ticket sales for its winter destinations for this year. The Larnaca-based airline will operate flights to Greece, the United Kingdom, Russia, Lebanon, and Israel this winter. Flights to the UK will begin on February 1, with the airline travelling to Heathrow three times a week. Continue reading at source: Cyprus
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Lidl Cyprus Made A Good Impression At HORECA 2021 With Lidl Food Academy On The Go Presenting Special Cooking Seminars
09 December 2021
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The Pancyprian Exhibition of Food & Drink HORECA - Gastronomica was held at the State Exhibition and was visited by food lovers, both professional and amateur. Naturally, Lidl Cyprus and the Lidl Food Academy on the Go, ardent supporters of quality food, could not miss such an occasion. The exhibition, which was organised by the Cyprus Chefs' Association, is the largest exhibition by catering and gastronomy professionals, and takes place on an annual basis. This year, however, for the first
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Coronavirus: Mandatory PCR tests for all arriving passengers from today
06 December 2021
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Stricter measures aimed at stopping the spread of the coronavirus and the recently identified potentially more transmissible Omicron variant came into force Monday, including the Republic’s two airports. From Monday and until January 10 next year, all inbound travellers will have to undergo PCR testing and foot the cost of the test, which is around €15. Continue reading at source: Cyprus
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Eighth trilateral summit among Cyprus, Greece and Israel set to take place in Jerusalem
06 December 2021
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The 8th trilateral summit between Cyprus, Greece and Israel set to take place on Tuesday, in Jerusalem, is expected to focus, among other issues, on the Cyprus problem, developments in the Eastern Mediterranean, cooperation on environmental protection and renewables, joint actions in emergencies and cooperation in the field of energy. Cyprus President Nicos Anastasiades travels to Israel on Monday evening to take part in the summit, a presidency press release says. Continue reading at source:
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Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says
03 December 2021
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Pope Francis` visit to Cyprus and the meetings he holds send a strong message of solidarity in our common cause and joint objectives and are a testament of the continuation of the positive record of bilateral relations between the Republic of Cyprus and the Holy See, President Nicos Anastasiades has said. Speaking at the official dinner Thursday evening, in honor of the delegation of the Holy See, he noted that the visit of His Holiness, Pope Francis, to Cyprus is
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Tight security as Cyprus prepares to welcome Pope
01 December 2021
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Over 500 police officers from multiple branches of the force will be deployed for Pope Francis’ two-day visit to Cyprus. A rapid response unit (MMAD) will be on duty for the entire duration of the Pontiff’s visit. He is scheduled to land at Larnaca airport at 3pm on Thursday, where he will be received by House President Annita Demetriou and members of the Council of Ministers. The Pope will be accompanied by a police escort and a police helicopter
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Coronavirus: Cabinet to consider new measures as cases surge
01 December 2021
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A ‘work-from-home’ order for 20 per cent of a businesses’ staff is expected to be among the proposals submitted by the health minister to Thursday’s council of ministers meeting. Health Minister Michalis Hadjipantelas has also sought the opinion of the attorney general on mandatory vaccinations for certain professional groups. Government spokesman Marios Pelekanos told state broadcaster CyBC that mandatory vaccination is not a measure which is likely to be taken ‘within the immediate timeframe’ – as the aim is
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Cyprus to assume gas forum presidency
29 November 2021
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The Minister of Energy, Commerce and Industry Natasa Pilides will assume the presidency of the East Mediterranean Gas Forum on January 1, 2022, taking over from Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt. The East Mediterranean Gas Forum was set up to help set common strategies among member countries, create a competitive regional gas market, help safeguard supply and demand, as well as to help coordinate resource development efforts. Continue reading at
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Tender for Greece – Cyprus maritime link on Friday
25 November 2021
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The tender for the maritime link of Greece and Cyprus is expected to be launched next Friday, 26 November, according to information from capital.gr The decision of the Deputy Shipping Ministry of Cyprus which is in charge of the processes has been made. It is noted that the release of the relevant documents has delayed a bit in order to complete negotiations with the transporters. Continue reading at source: in-cyprus
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Incentives for old petrol cars to be scrapped for electric ones to be announced on Thursday
25 November 2021
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An attractive incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly electric one will be made available to Cyprus residents before December’s end. On Wednesday, the Cabinet approved Transport Minster Yiannis Karousos’ proposals which are to be presented at a press conference at the Presidential Palace on Thursday. Continue reading at source:
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University of Cyprus spearheads virtual reality project
23 November 2021
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The University of Cyprus’ Department of Computer Science is coordinating a virtual reality (VR) project, with the aim of training a future generation of innovators and researchers in the field of VR simulation and animation. Titled CLIPE, short for Creating Lively Interactive Populated Environments, the project is part of the European Union’s Marie Sklodowska-Curie Innovative Training Network (ITN). “The accomplishment of such innovations calls for a reconsideration of the educational, research and professional objectives that higher institutions and businesses
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Cyprus shines in major international robotics festival
15 November 2021
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Cypriot students excelled at the Robotex International robotics festival in Estonia earlier this month, placing high in a number of categories. “We proudly followed on social networks the young roboticists raising the flag of our country countless times on the podium of Robotex International 2021,” the Cyprus Computer Society (CCS) said. Taking place at Saku Suurhall in Tallinn, Robotex International involved the participation of approximately 600 students from 21 different countries, including India, Italy, the United States, Turkey, Madagascar and
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Pope Francis to celebrate Mass at Nicosia’s GSP stadium on December 3
12 November 2021
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Pope Francis will celebrate Mass at GSP stadium in Nicosia during his imminent visit to Cyprus on Friday December 3, Philenews reports citing Foreign Ministry insiders. High-ranking Vatican officials and members of the Pope’s security team are back in Cyprus for additional meetings with officers of the Ministry’s Protocol Department aiming to draft the visit’s agenda. Continue reading at source:
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Cyprus President in Paris for high-level Libya conference, Peace Forum
11 November 2021
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Cyprus President Nicos Anastasiades on Friday joins leaders from some 20 states at a high-level Libya conference in Paris hosted by French President Emmanuel Macron. Among those to attend are United States Vice President Kamala Harris, German Chancellor Angela Merkel, Italian Prime Minister Mario Draghi and United Nations Secretary-General Antonio Guterres. Continue reading at source:
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With over 110 films, Cyprus International Film Festival returns
09 November 2021
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Cinema lovers rejoice! The Cyprus International Film Festival returns this month for the 16th consecutive year with screenings and parallel events in selected venues around Nicosia and Larnaca. From November 11 to 17, and as part of the second Larnaca Biennale, the film festival features films from varied genres and hosts film directors during its events. K-Cineplex Prime Nicosia will be one of the venues with screenings throughout the festival, each evening between 7.15pm and 9.45pm. The Classic
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Cyprus Business Now
09 November 2021
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The Cyprus Union of Bank Employees (ETYK) has renewed its collective agreement with card payments and processing company JCC until 2022. The trade union explained that since the Bank of Cyprus is a major stakeholder in JCC, the collective agreements it has signed with both companies are nearly identical. The union also stressed the importance of retaining the company’s contribution to the employee providence fund at 9 per cent. Continue reading at source: Cyprus
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Cyprus takes part in virtual country exhibition in China
09 November 2021
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By Lanting Liu Cyprus is taking part in the fourth China International Import Expo (CIIE), which opened in Shanghai on Friday, in the virtual country exhibition. It is the first time Cyprus is taking part in this major international event, even though it is in the digital pavilion for guest countries, which was built using 3D modelling technology. The virtual exhibition helps promote a country, by showcasing leading industries its culture and tourism, as well as highlighting its
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Paphos tourism board and hoteliers attend World Travel Market in London
05 November 2021
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Paphos regional board of tourism (ETAP) and local hoteliers were in London this week to establish contacts at the World Tourism Market (WTM), which opened on Monday. The three-day travel and tourism expo (1-3 November), returned after a two-year absence due to Covid-19, and is one of the most important annual meetings for the international travel sector. In addition to the Deputy Ministry of Tourism and other travel and hotel associations, agencies, and businesses that were part of the
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Royal Caribbean to continue using Limassol port
05 November 2021
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Royal Caribbean International is expected to continue using Limassol as a home port for some of its cruises in 2022, port management company DP World Limassol said on Thursday. DP World Limassol CEO Nawaf Abdulla said that the Norwegian cruise operator’s decision to make Limassol its home port this year boosted the cruise sector in Cyprus, a move that could encourage other companies to make Limassol their home port in 2022. “We are proud to have gained the trust
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Funds Summit draws international attention to Cyprus
04 November 2021
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Cyprus Investment Funds Association (CIFA) and Invest Cyprus’ seventh iteration of the International Funds Summit drew international attention to the island’s progress and potential as a fund management and investment destination. “It is worth making special reference to the International Funds Summit becoming a reference point for the investment funds sector in the wider region since most of the delegates were from abroad and now recognise Cyprus as a dynamic, developing destination,” CIFA said. Continue reading at
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Cyprus property market apartments and office space dominate demand
04 November 2021
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The Cyprus property market is suffering from a misalignment between what is primarily available and what is being sought after by property seekers, a report from independent real estate asset management and advisory firm WiRE has shown. “There is a significant mismatch between supply and demand, which is resulting in imbalances across asset classes,” WiRE CEO Pavlos Loizou has stated. Loizou explained though there is ample supply of land, as well as industrial buildings (at times dated) and large
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Parades as Cyprus marks Ochi day
29 October 2021
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A number of church services and school parades took place on Thursday to mark Ochi (No) day, when Greek dictator Ioannis Metaxas rejected the ultimatum given by Italian dictator Benito Mussolini on October 28, 1940, demanding the Axis Powers enter Greece to take up strategic positions. “Today we honour Greek virtues,” President Nicos Anastasiades told reporters following a church service held at the Apostolos Varnavas Cathedral on Thursday morning, “virtues that translate into love for the homeland, magnified through a
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Russians pick sunny Cyprus over lockdown
29 October 2021
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Cyprus, with typically over 300 sunny days a year, has emerged as a lockdown-breaker for Russians as Moscow embarks on a wide-ranging lockdown. Lockdown in Moscow? No thanks! I’ll have a week-long, sun-seeking session on the beaches of Cyprus please, is what thousands of Russians are telling tour operators as they seek to dodge a new round of Covid-19 restrictions. On Thursday, the Russian capital reimposed its strictest lockdown since June 2020 as a record 1,159 Covid-19 deaths were
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Financial firm opens new Limassol office, calls Cyprus ‘obvious choice’
29 October 2021
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Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, announced on Wednesday that it has opened its new headquarters in Limassol. The company also has offices in London, New York, Boston and Singapore and has clients with total Assets Under Management (AuM) exceeding $2.5 trillion. Located at the Cedars Oasis Tower, Quant Insight’s new headquarters also signal its intent to launch a major expansion across both the Middle East (ME) region, as well as
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Cyprus Business Now
27 October 2021
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Hellenic Bank has released new eco-friendly credit and debit cards made out of biodegradable material. Available since Monday, October 25, in Mastercard form, the new cards require 82 per cent less PVC (polyvinyl chloride, a synthetic polymer) to create. Biodegradable Visa cards will become available in 2022. The new cards also incorporate a more subtle presentation of the 16-digit card number on the back of the card. Continue reading at source: Cyprus
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Cyprus among top spots with one in five Brits planning overseas holiday
26 October 2021
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Approximately one in five (21 per cent) people in Britain have a foreign holiday booked at the moment, easyJet’s ‘Taking The Temperature’ report has revealed. Moreover, roughly a quarter of them booked their holidays in a single month, with 24 per cent of bookings taking place in September. With the travel and leisure industries still recovering, people seem eager to get away before the end of 2021, with 28 per cent of the bookings involving holidays taking place before the year
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First traffic cameras operational as of today
25 October 2021
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The pilot operation of eight traffic cameras – four fixed and four mobile- started on Monday morning with the aim of reducing road accidents. The cameras, installed as part of the initial phase of a €35m traffic-camera system, recorded about 500 violations in just two hours at a busy junction in central Nicosia last week. However, authorities decided than no fines will be issued during the first 30 days of operation, with warnings sent to all traffic offenders.
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Cyprus and India see growth potential in renewables, trade and tourism
22 October 2021
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Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21. The sectors discussed between the two countries include fossil fuel energy, renewable energy, as well as research and innovation. According to Ernst & Young’s (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI), India is the world’s third-largest energy consumer. Continue reading at source: Cyprus
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Deputy Ministry Of Tourism Updated The Website Delightfulcyprus
22 October 2021
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Cyprus Deputy Ministry of Tourism has announced the release of the updated website www.delightfulcyprus.com in Greek and English language, in the context of the upgrade of the Cyprus Gastronomy Promotion Pact "Taste Cyprus". According to a press release, issued by the Deputy Ministry, its main goals are the promotion of the Cypriot wine-gastronomy, the promotion of local products and companies, the quality upgrade of relevant services, the formation of a new gastronomic awareness and the evolution of Cyprus
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Εastmed And Mideast Region Needs To Work Together To Tackle Climate Crisis, Prof. Sachs Tells CNA
20 October 2021
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The basic message of the 2nd international conference on climate crisis that took place in Cyprus last week is clear: The region of the Eastern Mediterranean and Middle East (EMME) needs to work together on three great themes, Professor Jeffrey Sachs told the Cyprus News Agency. Professor Sachs, Director of the Center for Sustainable Development at Columbia University who was among the keynote speakers of the conference, organized by the Cyprus government and the Cyprus Institute in the framework of
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Cyprus Business Now
20 October 2021
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Cyprus’ residential property price indexes plateaued somewhat during the second quarter of 2021 according to data released by the Central Bank of Cyprus. The indexes were affected by a slight drop in house prices combined with an increase in apartment prices. According to the second quarter Residential Property Price Index (RPPI) report, a quarterly increase of 0.3 per cent was recorded. Continue reading at source: Cyprus
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The Greece-Cyprus-Egypt Trilateral Summit To Be Held In Athens Tuesday
19 October 2021
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The 9th Greece-Cyprus-Egypt Trilateral Summit will be held today, Tuesday 19 October, in Athens, with the participation of the Greek Prime Minister Kyriakos Mitsotakis, the President of the Republic of Cyprus Nicos Anastasiades, and the President of Egypt Abdel Fattah al-Sisi. The agenda of the trilateral meeting will include developments on the Cyprus problem, energy cooperation, regional developments, and a review of the progress of the Cyprus-Greece-Egypt trilateral cooperation. Continue reading at source: Gold
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Cyprus to get first new copper mine in decades
15 October 2021
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Venus Minerals and Hellenic Copper Mines have agreed on a partnership for the creation of a copper mine in Apliki, a village in the Nicosia district. In an announcement released on Tuesday, the two companies stated that they have both signed a binding preliminary agreement for the development of a licensed mine in Apliki, a region with rich copper deposits. While the project will be managed and spearheaded by Venus Minerals, the two mining companies will have equal stakes
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Neo Plaza retail park opening on Tuesday
14 October 2021
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Neo Plaza retail park is opening its doors with 45 stores this Tuesday in Kokkinotrimithia. With the moto “All day destination for Fun, Food and Fashion”, Neo Plaza “combines the modern with the traditional habits, inaugurating a new way of entertainment and consumer goods in a multifaceted place, a point of reference,” the press release said. Located just 15 minutes from Nicosia’s town centre, Neo Plaza aims to serve the needs of the local consumer public of all ages,
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Cyprus and Egypt sign EuroAfrica Interconnector preliminary deal on Saturday
14 October 2021
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Egypt and Cyprus on Saturday will sign in Nicosia a preliminary deal to build a large electricity cable connecting the two countries, according to Philenews. The EuroAfrica Interconnector agreement will be sealed by the island’s Energy Minister Natasa Pilides and Egypt’s Electricity Minister Mohamed Shaker. Continue reading at source:
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CySEC Promotes Basic Investor Education
13 October 2021
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The Cyprus Securities and Exchange Commission’s (CySEC) ended its participation in World Investor Week 2021 on a positive note. CySEC joined forces with other international Supervisory Authorities on six continents, to inform and alert investors to the importance of financial literacy. More than 100 countries from around the world as well as international organisations participated in this year’s event, taking a series of initiatives to improve investor education and highlight how crucial financial literacy is, so as to further empower
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Cyprus Business Now
12 October 2021
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The Ministry of Energy, Commerce and Industry has announced that it has received 652 applications from pre-existing and newly formed manufacturing small-to-medium enterprises (SMEs) who wish to improve their competitiveness. The initiative, which falls under the government’s Thalia programme, can provide funding to SMEs for the purposes of modernising or expanding their operations. This includes the refurbishment of the facilities used by the business, as well as the purchasing of new machinery. Continue reading at source: Cyprus
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Cyprus Business Now
09 October 2021
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Industrial Turnover showed a significant increase of more than 10 per cent in July 2021, but also in the first seven months of the year, a development that is mainly due to the increase in electricity and water supply sectors. According to the Cyprus Statistical Service (Cyprus), in July 2021, the Industrial Turnover Index reached 162.5 units, registering an increase of 10.6 per cent compared to July 2020. For the period January-July 2021, the index recorded an increase
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President of Poland to pay a three-day official visit to Cyprus
07 October 2021
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The president of Poland, Andrzej Duda accompanied by his wife, is arriving in Cyprus on Wednesday afternoon to pay a three-day official visit to Cyprus, at the invitation of President Anastasiades. On Thursday morning, Anastasiades will officially welcome his counterpart at the Presidential Palace. The two residents will have a private meeting, which will be followed by extended talks between the delegations of the two countries. Continue reading at source: Cyprus
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Gold deposits confirmed in Kokkinoyia
07 October 2021
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A series of exploratory drilling at Kokkinoyia, a mining area near Mitsero in the Nicosia district, has led to the confirmation of gold deposits in all drill holes, identifying the deposits as a mixture of copper, gold and zinc. The exploratory drilling at Kokkinoyia is part of the Magellan Project, conducted by Venus Minerals, a mining company seeking to explore and develop copper and gold assets on the island. Continue reading at source: Cyprus
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Anastasides: The Government Invests In The Human Capital Of The Country
06 October 2021
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Cyprus President Nicos Anastasiades said Tuesday that the Government aims to invest in the country`s human capital and create a modern labor market with well-trained human resources that can effectively respond to the ever-changing conditions and growing challenges and demands of the modern economy, in his speech at the 29th Pancyprian Congress of SEK trade union. The speech was delivered on behalf of the President by the Minister of Finance Constantinos Petrides. Continue reading at source: Gold
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Coronavirus: Seven countries change categories
05 October 2021
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The health ministry on Monday issued new country rankings for travel, upgrading Malta from Orange to Green, and Liechtenstein, Norway and Japan from Red to Orange. On the other hand, Hungary was moved from Green to Orange, while Luxembourg and Singapore moved from Orange to Red. The changes come into effect on Thursday, October 7. Continue reading at source: Cyprus
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Retail and tourism keep Cypriot economy on growth path
30 September 2021
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Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research Centre. Cyprus’ Composite Leading Economic Index (CCLEI), which uses a variety of metrics to provide an early outlook on future economic activity, increased by 10.8 per cent year-on-year in August. Continue reading at source: Cyprus
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Cyprus and Lebanon tech communities come together
30 September 2021
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A memorandum of understanding has been signed to officially launch the Cyprus Lebanon IT Hub (CLITH). Signed and confirmed during an online press conference, this initiative aims to bring the information technology communities of the two countries together in a mutually beneficial way. The initiative’s founding members include Lebanese IT Syndicate president Georges Khoueiry, the president of the Lebanese Association for the development of Information Technology Maya Zgheib and Managing Director of Alstrad International Sean Alimov.
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Cyprus Business Now
29 September 2021
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The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as well as to its subsidiaries Digimed Communications and Iris Gateway Satellite Services. The services will involve consultations on various financial products that fall within the parameters of Cyta’s investment policy as well as its accepted level of risk-taking. BOCAM is wholly owned by the Cyprus Investment and Securities Corporation (CISCO), a Bank of Cyprus subsidiary
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Travelling: Four countries move from red to orange category
28 September 2021
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Following a decision of the Council of Ministers, on 18 February 2021, regarding the Action Plan for the gradual resumption of flights and the re-opening of airports, the Epidemiological Monitoring Unit of the Ministry of Health has made a re-evaluation of the epidemiological situation in various countries as regards COVID-19. The categorization for the countries of the European Union and the European Economic Area (Iceland, Liechtenstein, Norway) as well as Switzerland, in the Green, Orange or Red Categories, is based upon that of the European Centre
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Aim is for quarter of new cars to be electric by 2030
25 September 2021
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Cyprus aims to see electric cars make up at least one quarter of all newly registered vehicles per year by 2030, Transport Minister Yiannis Karousos said at the informal meeting of EU ministers of transport and energy in Slovenia. The government is also hoping to have 1,000 vehicle charging stations by 2026, according to Karousos, who briefed his EU counterparts of Cyprus’ “ambitious” policy to promote electromobility. Continue reading at source: Cyprus
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Cyprus To Take Part In EXPO2020 To Be Held In Dubai
25 September 2021
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With the aim of promoting its business and investment opportunities as well as increasing its visibility, Cyprus participates in the EXPO 2020 to he held in Dubai from October 1 until the end of March, 2022, Cypriot officials said on Thursday. Cyprus will participate with a dedicated pavilion and Cypriot officials will take part on various events, while on February 24, 2022, a business forum will be held on the occasion of Cyprus’ National Day in the presences of President
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Cyprus in ‘historic’ bid to host group phase of Eurobasket 2025
23 September 2021
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The Cyprus Basketball Federation (CBF) presented its candidacy to host the group phase of the Fiba Eurobasket 2025 in Limassol. The candidacy was officially presented at an event held in the presence of Finance Minister Constantinos Petrides, MPs and sports stakeholders, such as the Cyprus Sport Organisation and the Cyprus Olympic Committee. “CBF and our country are before an opportunity of historic significance, to seek a major sports event which could constitute a landmark with sport and social prospects,” Andreas
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October opening for new tender giving second chance to Piraeus-Limassol sea connection
22 September 2021
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A new tender by the governments of Greece and Cyprus giving another chance to the sea connection between the ports of Piraeus and Limassol will be announced before October’s end. This is what Philenews reported on Tuesday, citing Capital.gr. Continue reading at source:
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Cyprus Business Now
21 September 2021
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The Deputy Ministry of Tourism said that this year’s World Tourism Day’s theme of Tourism for Inclusive growth is fully aligned with Cyprus’ national tourism strategy for 2030.\ “The World Tourism Organization pushes global tourism towards sustainable development that takes into account the needs of every stakeholder, the visitors, institutions, communities, entrepreneurs, but also of society at large, ensuring that every piece of the mosaic called tourism has a say in its future, including those who under normal circumstances risk
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Loukaidis: Cyprus Among Top EU Countries In Research And Innovation
20 September 2021
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Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Research and Innovation Foundation (RIF) told CNA. In an interview with the Cyprus New Agency, he said that innovation has been significantly boosted recently in Cyprus. He referred to the expansion of the Cypriot ecosystem of Research and Innovation achieved in the last years, the important possibilities for further development as well as the actions to widen the culture and innovation
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Electricity bills to be slashed by 10% for next four months (updated)
17 September 2021
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The government on Friday announced a 10 per cent discount on electricity bills for the next four months, as well as renewable energy schemes aimed at long term savings for businesses and households. Energy Minister Natasa Pilides said the electricity company (EAC) will absorb part of the cost of the increase in electricity caused by rising fuel prices and the cost of emissions. “The government understands the pressure on businesses and households caused by the pandemic and has prepared
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Cyprus Business Now
17 September 2021
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AstroBank appointed two new board members on Friday, September 10. In an announcement released on Thursday, September 16, the bank said that Michalis Sarris and Evi Rossidou have joined the board. Rossidou is AstroBank’s Head of Corporate, SME and Shipping Division, having been with the bank since 2008, while Sarris is a well-known economist and former Finance Minister. Continue reading at source: Cyprus
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Transport ministry says flight incentives proved a success
16 September 2021
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The ministry of transport on Wednesday said a programme to offer incentives to passenger airlines was a success as Cyprus showed one of the smallest reductions in Europe in terms of arrivals caused by the pandemic. The ministry said total arrivals to the island in the first eight months of the year reached 2,881,631 passengers. For the same period in 2020, a total of 1,804,187 passengers arrived at airports islandwide. Continue reading at source: Cyprus
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Cyprus Business Now: energy market and shipping industry updates
16 September 2021
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The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming from the implementation of the pertinent European Union and International Maritime Organization rules. The ICS is the global trade association for shipowners and operators and represents the world’s national shipowner associations, as well as more than 80 per cent of the world merchant fleet. Continue reading at source: Cyprus
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President Anastasiades begins official visit to Bahrain
13 September 2021
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President Nicos Anastasiades is in Bahrain on an official visit during which an MoU on Financial and Technical Cooperation and a Visa Waiver Agreement for diplomatic, special, and official passports are expected to be signed. Upon his arrival at Bahrain International Airport on Sunday, the President was received by the Minister of Foreign Affairs, Dr. Abdullatif bin Rashid Al Zayani and the Minister of Youth and Sports Mr. Ayman Al-Moayed. Continue reading at source: Gold
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The 9th Invest Cyprus International Investment Awards: Exness
09 September 2021
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On September, Wednesday 8, under the auspices of President Nicos Anastasiades, the ceremony for the 9th Invest Cyprus International Investment Awards took place in the lawns of the Presidential Palace, celebrating foreign companies for the investments they made and their contribution to the business world of the country. Exness was one of the companies to receive an award. Continue reading at source: Gold
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Water taxi service from Paphos to Latchi and Akamas National Park on the cards
08 September 2021
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A private water taxi service from Paphos to Latchi and the Akamas National Park in less than an hour will be provided by Latchi Wibit Ltd, Philenews reported on Wednesday. The private company’s alternative Akamas Eco Fast Ferry/Sea Taxi plan aims to transport up to 250 passengers by catamaran boat from the port of Paphos to that of Latchi in 55 minutes. Continue reading at source:
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Cyprus Business Now
08 September 2021
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The Cyprus Statistical Service has released a report showing that the first six months of the year saw a total of 3,990 building permits being issued by the relevant municipal authorities, reflecting a year-on-year increase of 25.5 per cent. The same period during 2020 saw a total of 3,153 building permits being authorised. In terms of their value and total area, there was a year-on-year increase of 20.5 per cent and a year-on-year increase of 31 per cent
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Cyprus Business Now
03 September 2021
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Venus Minerals Managing Director Peter van der Borgh said that Cyprus has a ‘significant average gold content in a copper-rich area’ in Troodos. “The results of the sampling from the remaining eight drillings in the area, which are expected soon, will further strengthen the assessment of the economic viability of the mineral resources for the whole Kokkinogia deposit (JORC estimate), with the inclusion of a significant amount of gold,” van der Borgh told local outlet InBusiness News. “We are very
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Bank of Cyprus emerges from pandemic with €894mn new lending, 96% loan performance
02 September 2021
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Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent of loans that had been covered by the moratorium are now making regular payments. Total income and profit were strong, but limited by exceptional charges. Total income was at €152 million for the second quarter of 2021, up 11 per cent from the previous quarter. After-tax profit
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US ambassador at Lara for release of baby turtles (photos)
31 August 2021
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The US Ambassador visited Lara Bay in the Akamas on Tuesday morning where she observed the release of newly hatched baby turtles into the sea. Judith Gale Garber, who previously served as Assistant Secretary for Oceans, Environment, and Science at the State Department, thanked the Fisheries Department for their work, noting that the area hosts about 300 turtle nests, and their protection was really important. Continue reading at source: Cyprus
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Cyprus Business Now
31 August 2021
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Tourism generated a total revenue of €135.8 million for Cyprus during June of 2021, a number achieved in spite of a number of travel restrictions still in place during that period. While this is of course an improvement over the summer of 2020, a period during which severe measures had crippled the global travel industry, it still represents a 61.2 per cent decrease over the same period in 2019. Moreover, according to the Cypriot statistical service, the total
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Ministry announces re-evaluation of epidemiological situation in three countries
30 August 2021
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The Ministry of Health announced on Monday a re-evaluation of the epidemiological situation in various countries as regards COVID-19. The changes, that will come into effect on Thursday 2 of September, concern Andora and Malta, which move from the red category to the orange category and Germany, which moves from the orange to the red category. Continue reading at source:
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Cyprus President Receives Credentials Of New Ambassadors Of Austria, Romania And Palestine
30 August 2021
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President of Cyprus Nicos Anastasiades, received on Friday separately the credentials of the new Ambassadors of Austria, Romania and Palestine to Cyprus. Receiving the credentials, the President thanked the Ambassadors of the three countries for the principled stance on the Cyprus issue and the consistent support on the efforts to reach a lasting and comprehensive settlement, based on the relevant UN Security Council resolutions. He added that despite the setback, the government maintain its commitment and decisiveness to continue and
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Cyprus’ Paralympic swimmer Karolina sets new world record
27 August 2021
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Cypriot Paralympic swimmer Karolina Pelendritou set a new world record on Friday in Tokyo with a time of 29.92 seconds in the women’s 50m freestyle S11, a first ever sub-30 swim. Pelendritou will now compete in the final of the same event, which will take place at noon Cyprus time. The athlete arrived in Tokyo already holding the previous world record in the same category, which was beaten by China’s Ma Jia in heat 1, who set a
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Coronavirus: Ministry calls for hotels to continue discounted rooms scheme
25 August 2021
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Hotels and other tourist units in Cyprus have until Monday to apply to take part in a state scheme that offers stays partially funded by the state to people who have has a Covid vaccine or are recovering from infection, the tourism ministry said on Tuesday. The programme allows for citizens and permanent residents of Cyprus to enjoy a 35 per cent discount on their hotel room for a minimum three-day stay, provided they meet the relevant Covid criteria.
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Cyprus to host environmental UN ministerial summit
25 August 2021
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Cyprus will host the 9th Ministerial Summit for the Environment and Sustainable Development Education of the Economic and Financial Committee of the UN in October 2022, Education Minister Prodromos Prodromou said on Tuesday. A briefing meeting about the summit took place at the ministry and Prodromou said the agenda includes issues such as circular economy and education on sustainable development and tourism. He said that it is an honour for our country to host this international summit. Continue reading
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Cyprus Health Ministry Releases Vaccination Numbers
24 August 2021
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Cyprus` Ministry of Health has said that 72.3% of adults and more than 25% of the ages of 16-17 have completed their vaccination regime. In a press release the Ministry said that until Monday 77.6% of the adult population (18+) was vaccinated with at least the first dose and 72.3% with both doses. At least the first dose was given to 34.4% of people aged 16-17 years and 25.6% of this age group completed their
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Cyprus Business News
19 August 2021
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The total assets of investment funds increased by 11 per cent in June 2021 from March 2021, according to data released Tuesday by the Central Bank of Cyprus. Total assets of the investment funds increased to €7.3 million in June 2021 from €6.6 million in March 2021, the CBC said. The number of investment funds in June rose to 224 from 222 last March. The Cyprus Investment Funds Association currently has €9.8 billion in funds under management. the highest
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Cyprus, Greece and Israel FMs meeting to focus on enhancing regional cooperation
18 August 2021
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Cyprus Foreign Minister Nikos Christodoulides visits Israel on Sunday for a trilateral meeting of the Foreign Ministers of Cyprus, Greece and Israel. Their agenda includes ways to enhance regional cooperation, cooperation on health issues in view of the Covid-19 pandemic, and cooperation in responding to emergency situations such as wildfires, in view of the fires that broke out in the three countries recently, CNA has learnt. Continue reading at source: Cyprus
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Ryanair: new winter routes to Germany, Poland
17 August 2021
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Ryanair airlines on Monday announced three new Cyprus routes for Germany and Poland for this winter. The new destinations concern Cologne and Memmingen in Germany, as well as Wroclaw in Poland. “As Europe’s number one airline, we are thrilled to announce three new winter routes from Cyprus for those looking to enjoy a European city break this winter,” said Ryanair’s Director of Commercial, Jason McGuinness in a written statement. Continue reading at source: Cyprus
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Cheaper electricity, water bills in Cyprus through green transition
14 August 2021
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The Cyprus Recovery and Resilience Plan 2021-2026 which aims to secure a green transition will reduce the island’s energy poverty through reduced electricity and water bills. At the same time, it will improve living conditions of households, Philenews reported on Friday. According to the Plan, there are more than 400,000 residential buildings and more than 30,000 non-residential buildings in Cyprus. Continue reading at source:
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Newly hatched turtles caught on camera at Kiti beach (video)
13 August 2021
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Visitors at the Parasolia beach in Kiti on Thursday were thrilled to see scores of newly hatched baby turtles making their way to the water. The baby loggerhead sea turtles, (Caretta caretta), attracted many people who rushed to see them taking their first steps toward the sea. Officials of the fisheries department went to the beach on Thursday where they confirmed the existence of 26 sea turtle nests. Continue reading at source: Cyprus
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Larnaca eyes more development projects
13 August 2021
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Larnaca Municipality is pressing ahead with development plans for the town that include a centre on underwater archaeology and the relocation of some municipal offices to the old hospital, its mayor Andreas Vyras told the Cyprus News Agency. Other plans include the renovation of Alkis and Acropolis Square, the reconstruction of Melathron Evgirias centre, the relocation of the Home for the Elderly and the unification of the Archaeological site of Ancient Kitium, the Mosaic “Labour of Hercules” and the Archaeological
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President Thanks Cypriots Who Assisted In Firefighting Effort In Greece
12 August 2021
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Cyprus President Nicos Anastasiades has expressed his gratitude to Cypriots who assisted in the firefighting effort in Greece. In a message on Twitter, President Anastasiades said he had been in touch with the head of the team on behalf of the Fire Service Demetris Katsiflis and the head of the Civil Defence team Chrysilios Chrysiliou "to express my gratitude for their contribution in putting out the fires." Continue reading at source: Gold
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Fledgling ‘Register of Self-Catering Accommodation’ gets positive response
12 August 2021
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A large number of owners of self-catering holiday let accommodation in Cyprus had all necessary documents and evidence required by the fledgling ‘Register of Self-Catering Accommodation’. This is administered by the Deputy Ministry of Tourism and the response came as a surprise considering that the set of regulations and rules to provide these services legally is demanding, Philenews reports. Continue reading at source:
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Sami Revel: Relations Between Israel And Cyprus Are At Their Highest Level Ever
11 August 2021
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The relations between Israel and Cyprus are at their highest level ever, the Ambassador of Israel to Cyprus, Sami Revel told CNA, adding that “the most important thing that we did is to create a link between the future generation of Israel and the future generation of Cyprus." Before leaving Cyprus – his term as the Israeli Ambassador comes to an end after three and a half years – Revel stressed the importance behind the cooperation of the two
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Cyprus announces new country categorisation concerning COVID-19
10 August 2021
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New changes have been announced by the Epidemiological Monitoring Unit of the Ministry of Health as regards the categorisation of countries based on new epidemiological risk assessment and they will come into effect from Thursday, 12th August. Specifically, Croatia, Sweden and Serbia are moved from Green Category to Orange. Estonia, Lebanon and Israel are moved from Orange category to Red. Continue reading at source:
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Ryanair announces new route to Paphos from Newcastle
10 August 2021
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Ryanair has announced a new base opening in Newcastle for Summer ’22, with a new roundtrip route added to Paphos. Ryanair said that there is “massive demand,” in a statement on its website. It’s part of opening a new base in this northeast England city, with two based aircraft, 63 departing flights per week and 19 routes in total, including 12 new connections to international destinations across Europe. Continue reading at source: Cyprus
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European basketball giants coming to Cyprus
09 August 2021
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European basketball royalty will be in Cyprus next month for the second edition of the Neofytos Chandriotis international basketball tournament. Taking place at the Tassos Papadopoulos – Eleftheria Stadium in Nicosia, the event will take place between 9-12 September and features eight-time European champions CSKA Moscow, Israeli and Greek giants Maccabi Tel Aviv and Olympiakos, and Russian outfit Zenit St Petersburg. Continue reading at source: Cyprus
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Final touches as Neo Plaza readies September opening
05 August 2021
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Work is almost completed on Neo Plaza, the island’s first discount village which will open its doors in September with 45 stores in Kokkinotrimithia. The last construction work on the new shopping and recreation centre Neo Plaza continue at a fast pace, the company said in a press release on Thursday. The asphalting of the parking lots, the paving of the sidewalks and installation of hidden lighting have been completed while the final touches remain such as the planting of trees
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Cypriot scientist receives recognition for environmental work
04 August 2021
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Cypriot scientist Dr Despina Serghides has won a place in the list of 12 internationally recognized “Life-Pioneers” in the section ‘Energy, Buildings and Sustainable Cities for her contribution to the global promotion of renewable energy sources. The professor from the Cyprus Institute was given the award at a ceremony that took place during the World Conference on Renewable Energy Sources (WREC 2020) at the Department of Civil Engineering and Architecture of Lisbon. Continue reading at source: Cyprus
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Cyprus President congratulates Limassolian sailing star Pavlos Kontides
03 August 2021
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President Nicos Anastasiades has congratulated Cypriot sailing star Pavlos Kontides who ranked fourth on Sunday in the Men’s One Person Dinghy category in Tokyo’s Olympics. “Keep raising the bar higher and higher, you are a shining example for every Cypriot athlete,” the President said in a Tweet. Continue reading at source:
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Five star ranking for European University from QS Top Universities
03 August 2021
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European University Cyprus ranks among 72 top universities in the world that have been granted a 5-Star assessment by the international ranking organisation QS Top Universities. Following the global assessment by QS Stars University Ratings concluded in June, European University Cyprus secured the top rating of 5 Stars (rated excellent) for its overall standing and performance as well as 5 Stars in the areas of teaching, employability, internationalisation, online learning, inclusiveness and medicine (MD Medical Doctor Programme).
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Enhancing Cooperation For Research And Innovation
03 August 2021
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Enhancing the cooperation between Cyprus and Greece in the field of Research and Innovation dominated the agenda of the contacts of the Chief Scientist for Research and Innovation Foundation (RIF) Nikolas Mastroyiannopoulos with government and business officials in Athens from 28-30 July. The Chief Scientist, along with a delegation, held meetings with Greek Deputy Minister for Research and Technology Christos Dimas and Secretary General of Research and Technology Athanasios Kyriazis. Continue reading at source: Gold
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Immunity of the population expected at the end of August
31 July 2021
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The vaccination program of Cyprus continues at a quick place, since so far 970,000 vaccinations against Covid-19 have been made. It seems that there are several citizens who choose the walk-in service since more than 8,000 vaccinations have been made since the day the program was launched. Permanent Secretary of the Ministry of Health, Christina Yiannaki yesterday visited the “Walk In” centre that started operating at the Cyprus University of Technology in Limassol where students went ahead and had their
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Upgrade for ancient Idalion
28 July 2021
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Transport Minister Yiannis Karousos on Wednesday presented a €1.65m project to fund the construction of an archaeological park at the ancient administrative acropolis of Idalion, aiming to the promotion of cultural heritage as a means of local development. Speaking after visiting the museum and archaeological site, Karousos announced the official completion of the 30-month project, which started in November 2017 and which was completed in July this year after its deadline was extended. Continue reading at
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Cyprus announces new country categorizations after re-evaluating epidemiological situation
27 July 2021
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Following a decision of the Council of Ministers, on 18 February 2021, regarding the Action Plan for the gradual resumption of flights and the re-opening of airports, the Epidemiological Monitoring Unit of the Ministry of Health has made a re-evaluation of the epidemiological situation in various countries as regards COVID-19. According to a Ministry of Health announcement, circulated by PIO, the categorization for the countries of the European Union and the European Economic Area (Iceland, Liechtenstein, Norway) as well as
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Major Lebanese business moves to Cyprus
27 July 2021
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Lebanon’s leading events design group is making a definitive move to Nicosia. A few weeks ago, Elias Krim finalised the process of moving his company which specialises in outdoor and indoor decorations for special events, from Beirut to Nicosia, driven by the untenable conditions in Lebanon today. From the quiet shores of Larnaca’s Finikoudes, CEO and co-founder of Hadel group Elias Krim told the Cyprus Mail why he chose Cyprus as a final destination. Continue reading
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Cyprus Foreign Minister begins working visit in Israel
26 July 2021
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Cyprus Foreign Minister Nikos Christodoulides on Monday begins a two day working visit to neighbouring Israel at the invitation of his new Israeli counterpart Yair Lapid who took office a month ago. The two officials will first have a tête-à-tête meeting followed by extended consultations with the participation of official delegations of the Ministries of the two countries. Continue reading at source:
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First woman appointed as Permanent Representative of Cyprus to UN
26 July 2021
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Ambassador Olympia Neocleous has become the first woman to be accredited as Permanent Representative of Cyprus since the establishment of the Permanent Mission of the Republic in Geneva in the 1970s. According to a foreign ministry announcement, Neocleous presented her credentials as Permanent Representative of the Republic of Cyprus, at a special ceremony held on Thursday to Director-General of the United Nations Office in Geneva (UNOG), Tatiana Valovaya. Continue reading at source: Cyprus
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Eurobank Announces The Acquisition Of A 9.9% Holding In The Hellenic Bank
23 July 2021
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Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), announces the acquisition of a 9.9% holding (40,800,000 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”). Continue reading at source: Gold
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RCB Bank’s credit rating affirmed, Outlook upgraded to positive by Moody’s
21 July 2021
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Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. RCB Bank’s rating by Moody’s has remained unchanged at B1, which constitutes the highest rating among Cypriot banks. In addition, its outlook has been upgraded from stable to positive. This stability in the Bank’s rating and the change of its outlook to positive gains more importance, given a pandemic-induced fragile economic environment.
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Coronavirus: New SafePass regulations from Tuesday
20 July 2021
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The decree enforcing the latest SafePass measures in all indoor and outdoor areas with more than 20 people comes into force on Tuesday. Beaches, parks, linear parks, dams, nature paths and excursion areas are exempted. In an explanatory Q&A after the tougher SafePass rules were announced on Friday, the health ministry said the requirement applies to all indoor and outdoor areas as well as buildings where, adhering to distancing measures and the guidelines and health protocols, it is possible for more
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Minister of Energy Presents Green Transition Strategy, Aiming at Zero Emissions by 2050
20 July 2021
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Cyprus’ Minister of Energy, Trade and Industry Natasa Pilides, presented Friday the strategy of the Ministry for a rapid transition to a green economy, aiming to reach an economy of low to zero emissions by 2050. The strategy was presented during a workshop held in Nicosia, where local stakeholders discussed also the forthcoming revision of the Cyprus Energy Strategy, based on the new, ambitious legislative framework announced on July 14, by the European Commission for the first climate neutral continent
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Scheduled flights to Cyprus in the hundreds for fully vaccinated British visitors
15 July 2021
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Cyprus expects a substantial number of fully-vaccinated British visitors before the month’s end now that the UK kept the Mediterranean island on its amber list even tough new covid-19 cases are on the rise in recent days. The latest review of the list was announced late on Wednesday – much to the relief of Cyprus’ tourism representatives who feared a possible downgrade. Continue reading at source:
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ECB Starts Next Digital-Euro Stage with Investigation Phase
15 July 2021
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The European Central Bank took a major step toward a digital euro on Wednesday, approving an “investigation phase” that could ultimately lead to a virtual currency being implemented around the middle of the decade. The next stage will last 24 months and aims to address key issues on design and distribution, the ECB said in a statement. Continue reading at source: Gold
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Health Ministry Updates Epidemiological Risk Assessment Of Countries
13 July 2021
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Cyprus' Ministry of Health announced on Monday an updated categorisation of countries based on their epidemiological risk assessment. The new categorisation, which will come into force on July, Thursday 15 includes the following changes: Sweden and Latvia move from the orange to the green category, Belgium, Greece and Luxembourg move from the green to the orange list, while Portugal moves from the orange to the red category. Continue reading at source: Gold
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Next steps for Cyprus on minimum corporate tax
12 July 2021
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The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and G20 political forums. On June 11, major stakeholders including the Institute for Certified Accountants, the Cyprus Bar Association, the Cyprus Employers and Industrialists Federation – just to name a few – met with Cyprus Chamber of Commerce and Industry (CCCI) officials in an effort to draft a proposal for the
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Camping sites for tourists
12 July 2021
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The Deputy Ministry of Tourism talks about upgrading the quality of our tourism product, the local hotels and recreational places, both in terms of the buildings and facilities and the service provided. This same deputy ministry is now encouraging the development of organised camping sites within ‘non-habitable areas’. The proposal indicates that the camps are to be set up in wooded areas. Continue reading at source: Cyprus
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Health Minister Announces New Measures To Contain Pandemic Spread
08 July 2021
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Cyprus Health Minister Michalis Hadjipantelas announced, on Wednesday, a package of new measures which will be in place from Friday, July 9 until the end of July to contain the spread of the coronavirus pandemic with the focus being crowded areas and social events where clusters of new cases have been observed affecting mainly young people. He urged all people who have not yet been vaccinated to do so as soon as possible, to protect themselves and to contribute in
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Cyprus introduces Digital Covid Certificate restoring travel freedom
01 July 2021
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Cyprus on Thursday followed suit with the rest of Europe and introduced the Digital Covid Certificate to restore freedom of movement in Europe. The paper or digital pass is proof a person is immunized, has tested negative for Covid-19, or has received a vaccine. It includes a QR code to secure citizens’ data. Continue reading at source:
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Capital Intelligence Affirms Hellenic Bank’s Ratings With A Stable Outlook
29 June 2021
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Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed HB’s Bank Standalone Rating (BSR) of ‘bb-’. The Outlook for the LT FCR and BSR remains Stable. The Bank’s BSR is derived from a Core Financial Strength (CFS) rating of ‘bb-’ and an Operating Environment Risk Anchor (OPERA) of ‘bb-’,
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Coronavirus: Greece and five other EU nations move into green
28 June 2021
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Greece and five other EU countries were upgraded to the green category for entry to Cyprus as part of the changes in the latest national country assessment for travel, the health ministry said on Monday. With the changes to come into effect on July 1, the health ministry said previously orange Croatia, Estonia, France, Greece, Lithuania, Luxemburg and Slovenia will be moved to the green category, as well as Switzerland and Liechtenstein from the red. Continue reading at
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Cyprus airports to accept EU Digital COVID Certificate as of July 1st
25 June 2021
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The Cabinet that convened Wednesday, amended the Action Plan for the operation of airports to include the EU Digital COVID Certificate (EUDCC) which will be issued by the EU Member States, as well as by the countries of the European Economic Area and by the Switzerland. The Cabinet was chaired by Acting President of the Republic, President of the House of Representatives, Annita Demetriou, due to the absence of the President of the Republic, Nikos Anastasiades, abroad. Continue reading
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‘Big day’ for Cyprus on Innovation scoreboard
24 June 2021
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The European Innovation Scoreboard made public earlier this week testifies to the progress Cyprus has made in innovation, the Republic’s chief scientist Dr Nicolas Mastroyiannopoulos said on Wednesday after a meeting with a Disy delegation. The delegation was made up of Disy president Averof Neophytou, spokesman Demetris Demetriou and the party’s director for communication, innovation and digital Stavriana Kofteros. Citing the scoreboard, Kofteros noted that Cyprus was among the five EU countries with the best improvement in innovation.
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Photo captures cruise ships ‘hovering’ in air off Limassol
23 June 2021
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A photo of three cruise ships off Limassol that appear to be hovering in the air generated keen interest on social media on Wednesday, with both the person who took it and a weather expert referring to a mirage or Fata Morgana. Michalis Michael posted photo on the Kairofiloi Kyprou (weather enthusiasts of Cyprus) groups on Facebook, showing three cruise ships in the sea east of Limassol hovering over the water. Michael said a Fata Morgana mirage was seen
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Coronavirus: health ministry updates country categories
22 June 2021
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The health ministry on Monday issued new country guidelines for travel, moving some countries from orange to green and others from red to orange. The changes come into effect from Thursday. The following countries have moved from orange to green:AustriaBulgariaCzech republicHungaryGermanyItalyFinlandSlovakiaNorway Continue reading at source: Cyprus
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Bank of Cyprus places €300mn bond
19 June 2021
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Bank of Cyprus announced on Thursday that it has successfully completed the issuance and sale of a €300 million high-priority bond through its European Medium-Term Bond Loan Program (EMTN Program), the bank said in a statement on Thursday. Officially issued in combination with the bank’s holding, this is a programme that maintains regular issuance throughout a given period. Continue reading at source: Cyprus
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New classification of countries based on epidemiological condition issued
15 June 2021
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The Health Ministry on Monday announced its new classification of countries based on their epidemiological condition which affects travellers from those countries coming to Cyprus. The new rankings which come into effect on Thursday have Poland and Romania upgraded from Orange to Green, Japan moved from Red to Orange and Croatia falling from Orange to Red. The categories are in line with the guidelines of the European Centre for Disease Prevention and Control (ECDC). Continue reading at source:
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Energy Minister Satisfied Over Cyprus Inclusion In Energy Networks Regulation
15 June 2021
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Minister of Energy, Trade and Industry Natasa Pilides expressed her satisfaction for the inclusion of a nominal reference to Cyprus, which ensures its interconnection with the trans-European energy networks, in the relevant revision of the Regulation on energy networks. The specific reference to the Trans-European Energy Networks Regulation, which has been the focus of discussions with the EU Hydrogen Strategy, provides Cyprus with access to future markets, such as hydrogen, through the stay and inclusion of existing Projects of Common
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British PM and UNSG discuss the Cyprus issue on the sidelines of G7 summit
14 June 2021
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The Cyprus peace process was among the issues which the G7 summit host, British Prime Minister, Boris Johnson, discussed with the UN Secretary-General, António Guterres. Downing Street said that Johnson gave his support to Guterres’ vision for a more integrated UN and reiterated the UK’s support for a strong United Nations and joined-up global action on issues like pandemic preparedness and climate change. Continue reading at source: Cyprus
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Cyprus extends incentive scheme for airlines till end of 2021
10 June 2021
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The Cyprus Council of Ministers approved today the extension of an incentives scheme to airlines to address the effects of the Covid-19 pandemic on the connectivity of Cyprus, with a total budget amounting to €8.8 million. A press release issued by the Ministry of Transport, Communication and Works says that the scheme, also approved by the European Commission, aims to restore air connectivity, which would contribute to the development of the air transport sector, will support tourism and the
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Cyprus authorities begin issuance of COVID vaccination certificate for travels in June
08 June 2021
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Cyprus` Health Ministry will begin on Tuesday the issuance of a COVID vaccination certificate for those wishing to travel in June. The Ministry in an announcement clarifies that this is just a temporary measure in lieu of the European digital certificate. It also points out that those who are traveling to Greece they do not need to have the vaccination certificate but have to show the Cyprus vaccination card. Continue reading at source:
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Luxury cruise liner in Limassol to prepare for summer routes
03 June 2021
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Royal Caribbean’s Jewel of the Seas has arrived at its home port in Limassol to prepare for the start of its seven-night cruises from Cyprus in July. The 13-deck vessel will pick up crew members and return to its anchorage near Limassol port’s until the cruise programme starts. The ship can accommodate 2,702 passengers but due to the pandemic, it will not exceed 70 per cent of its capacity for this season. It has 1,097 rooms, a waterpark, a 1,250-seat
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Reopening of checkpoints in divided Cyprus a sign of return to “normality”
03 June 2021
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As checkpoints in divided Cyprus are reopening on Friday after a year and a half of closure due to the coronavirus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar will hold a teleconference on Thursday. Cyprus is divided since a 1974 Turkish invasion and its Greek Cypriot and Turkish Cypriot populations are confronted with a number of designated checkpoints controlling movements between the breakaway north and the free area. The sealed checkpoints up-ended the lives of thousands who would cross
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Foreign Minister: US Intend To Play A More Active Role In EastMed
03 June 2021
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Cyprus` Foreign Minister Nikos Christodoulides said that the Biden administration intends to assume a more active role in the Eastern Mediterranean, which is seen as a positive development by the Cypriot government. In an interview with the Greek website ethnos.gr, Minister Christodoulides referred to his first telephone conversation with his US counterpart Anthony Blinken. According to the Cypriot Foreign Minister, Blinken expressed the strong commitment of the US to the region and the intention to play an active role
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Coronavirus: Six European countries upgraded to Orange
31 May 2021
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Cyprus on Monday upgraded six countries in its categorisation for arrivals based on the epidemiological data, effective from June 3. Austria, Bulgaria, Czech Republic, Hungary, Italy and Poland have been upgraded to the orange from the red category, the health ministry announced. Also in the orange category are Portugal, Ireland, Finland, Romania, Norway, China (including Hong Kong and Macau), the UK and the USA. Continue reading at source: Cyprus
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Coronavirus: New measures from June 1
31 May 2021
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The health ministry on Monday reiterated the new measures that will come into force as of June 1 as coronavirus restrictions are reduced as the coronavirus indictors on the island improve. As daily cases have recorded a near 95 per cent drop since their high on April 20, the maximum number allowed to attend various events and activities has been raised, with certain restrictions and requirements still in place. The revised set of measures was approved by the cabinet
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Landmark Hotel in Nicosia to get a lifting of 40 million euro
27 May 2021
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The renovation of the Landmark Hotel (former Hilton) in Nicosia will start soon and cost over €40 million now that the Environment Authority has given the green light and construction works are expected to finish in two years. Approval has also been granted for the the construction of two residential towers 64 meters high next to it, Philenews reported on Thursday. Continue reading at source:
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Cooperation Between US And Republic Of Cyprus Is At A Historic High, Bureau Of Political-Military Affairs Says
27 May 2021
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The United States views the Republic of Cyprus (ROC) as an important partner for regional stability, security, and prosperity, and works closely with the ROC to advance shared security priorities in the Eastern Mediterranean region, a fact sheet of the US State Department Bureau of Political-Military Affairs says, adding that cooperation between the United States and the ROC is at a historic high. It notes that in late 2018 the United States and the ROC signed a Statement of Intent
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EU Commission agrees to tender changes for Cyprus-Greece ferry link
26 May 2021
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The European Commission has agreed to changes in the tender framework for a planned ferry link to Greece, raising hopes the long-discontinued service could attract interest from potential bidders, deputy shipping minister Vasilis Demetriades said on Wednesday. Efforts, underway for several years to restore a ferry link between Cyprus and Pireaus, took a blow earlier last year when an invitation for tenders approved by the EU’s DG Competition failed to attract any bids. Continue reading at source: Cyprus
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Cyprus Receives €124 Million Under EU’s SURE Instrument
26 May 2021
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The European Commission has today disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument. As part of today's operations, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, Malta €177 million, Poland €1.56 billion, Portugal €2.41 billion and Estonia €230 million. This is the first time that Bulgaria
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Mayors briefed on €13m road project in Famagusta area
22 May 2021
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Transport Minister Yiannis Karousos with Interior Minister Nicos Nouris on Friday briefed the mayors of Dherynia and Sotira on a tender announcement for improvement works on the road connecting the two municipalities. The project is estimated to cost around €13 million and is expected to begin before the end of 2021 and finish within a 30-month window. Eighty per cent of the funds will be provided by the state, with the rest covered by local authorities. As well as a
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Coronavirus: Cyprus expects to be on UK green list in one or two weeks
22 May 2021
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Cyprus’ improved epidemiological picture might help put the country on Britain’s green list within one or two weeks, a tourist industry professional said on Friday. The significant drop in the island’s 14-day cumulative diagnosis rate to 431.6 from 689.3 per 100,000 residents moved Cyprus from the dark red to the red category based on the European Centre for Disease Prevention and Control (ECDC). The improvement is expected to translate into placement on the UK’s travel lists. It was
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Cyprus’ new categorisation of countries based on their Covid-19 situation
19 May 2021
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Cyprus’ Epidemiological Monitoring Unit of the Ministry of Health has reassessed the Covid-19 situation in other countries and has decided to publish a new categorisation of countries according to their current situation. In effect as of Thursday the new categorisation provides the following: Green Category representing countries with a low risk includes Australia, New Zealand, Singapore, Saudi Arabia, North Korea and Israel (third countries). Continue reading at source:
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Facemask decree could be revisited in June
19 May 2021
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Cyprus is expected to reassess the mandatory face masks in outdoor areas by June, in accordance with the process of the national vaccination plan, health ministry advisors told the Cyprus Mail on Tuesday. As temperatures rise in Cyprus, locals are inpatient to ditch masks while outside. Facemasks were imposed as of mid-October last year. Continue reading at source: Cyprus
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Cyprus had highest number of marriages relative to the population in EU for 2019
14 May 2021
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The long-term trend in the European Union shows that the number of marriages is decreasing, while the number of divorces is increasing, according to data released today by Eurostat, the statistical service of the EU. Since 1964, the marriage rate in the EU has declined from 8.0 per 1,000 persons in 1964 to 4.3 in 2019. At the same time, the divorce rate has more than doubled, increasing from 0.8 per 1,000 persons in 1964 to 1.
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Kokkinos: Cyprus To Implement Green Pass, Safe Pass Will Not Be Digitalised
14 May 2021
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The Deputy Ministry of Research and Innovation has decided not to proceed with the digitalisation of the Safe Pass (Cyprus immunity certificate), but to directly implement the Green Pass (European digital immunity certificate), which is being prepared by the European Union and is expected to be implemented in June. In statements to CNA Deputy Minister for Research and Innovation Kyriakos Kokkinos said that based on the data we have before us, the Green Pass will be ready for implementation the
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Coronavirus: Cyprus now fourth in website’s EU jab table
13 May 2021
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Cyprus has climbed to fourth place among EU states in terms of the number of vaccine doses per 100 people in the total population, the health ministry said on Wednesday as it announced that ages 22-24, 50-55 and 56-58 will be able to book appointments on Friday, Saturday and Sunday. As of May 11, the ministry said that 39.6 per cent of the adult population (293,180 people) have received the first jab and 12.4 per cent (91,459 people)
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Traffic At Larnaca & Paphos Airports Is Picking Up
11 May 2021
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Around 60 flights, departures and arrivals, will take place on Monday at Larnaka and Paphos International Airports, according to Maria Kouroupi, Senior Manager Aviation Development, Marketing and Communication. She told the Cyprus News Agency (CNA) on Monday that the last few days at Larnaca Airport are a reminder "of the good old days when there was high number of arrivals". However, she said, "we are very far from the number of flights that we used to have at this specific
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Cyprus takes a step towards normality as of Monday, Health Minister says
10 May 2021
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Cyprus on Monday will take a step towards the return to more normal rhythms of social and economic activity when the current coronavirus lockdown ends and the so-called Safepass comes in effet. This is what Health Minister Constantinos Ioannou has said adding that this step is the result of many months of sacrifices for which the government owes a debt to all citizens, both individually and as a whole. Continue reading at source:
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Coronavirus: Vaccine programme benefits seen, portal to open Monday for those aged 29 and 30
10 May 2021
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A total of 354,264 vaccines had been administered in Cyprus by Saturday, the ministry of health announced on Sunday, representing 40.3 injections per 100 residents. Of these 270,101 (36.5%) were the first dose and 84,163 (11.4%) the second. According to the latest data released by the European Centre for Disease Prevention and Control (ECDC), this puts Cyprus in sixth place in the EU in terms of giving the first dose, and higher than the EU average of
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China and Cyprus: building bilateral ties
10 May 2021
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China’s Ambassador to Cyprus, Liu Yantao answers the Cyprus Mail’s questions on issues ranging from relations between the two countries and health cooperation on the pandemic to Hong Kong and relations with the West This year marks 50 years of diplomatic relations between Cyprus and China, relations that have been friendly and problem-free. How do you see them developing? Cyprus has been our good friend and partner. China-Cyprus friendship is based on mutual trust and shared values. Our bilateral ties
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Tourists will only need to have the CyprusFlightPass to move around
07 May 2021
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As of Monday, vaccinated tourists in Cyprus will only need to have the CyprusFlightPass they fill in before arrival to the island to be able to move around the holiday island. They won’t need to have either a CoronaPass or carry out any new Covid tests, according to Deputy Minister for Tourism Savvas Perdios. Continue reading at source:
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Coronavirus: Cyprus will learn on Friday if on UK amber list
05 May 2021
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Cyprus is expected to be placed in the UK’s amber category according to assessment by experts it was reported on Tuesday, in anticipation of London’s announcement on which countries will fall into the red, amber or green categories based on Covid-19 risks. UK Trade Minister Liz Truss on Tuesday said Britain is set to announce the green list for countries that people can travel to on holiday shortly and will have the right procedures in place to ensure travel can happen safely.
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Cyprus Airways Adds Sunny Malta To Its International Network
05 May 2021
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Cyprus Airways, the national flag carrier brand of Cyprus, continues to increase the number of its direct flights from Larnaca with the launch of its new direct flights between Larnaca and Malta, en-hancing Mediterranean interconnectivity. The inaugural flight from Larnaca to Malta will take off on June 27, with the schedule flying twice weekly to Malta International Airport every Wednesday and Sunday until the end of October. Some new routes are expected to be announced soon. Continue reading at
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Coronavirus: almost 30% has received vaccine, SMS to stay after lockdown
03 May 2021
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There are no thoughts on scrapping the SMS requirements for leaving the house once lockdown measures are set to be lifted on May 10, Health Minister Constantinos Ioannou said on Saturday. Speaking to reporters after visiting the vaccination centre at the state fair in Nicosia, Ioannou said he was satisfied with the growing number of people getting vaccinated which is more than 218,000 people or 30 per cent of the population getting the first jab. Continue reading
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Exceptions to the restrictive measures for Holy Saturday and Easter Sunday
30 April 2021
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In view of the Eastern holiday and in order to help people celebrate as best as possible but with safety, the following provisions of the health protocol are reminded: On Saturday before the Greek Orthodox Easter (1st of May) the curfew will begin at 01:00 am (morning of Sunday) so that church attendees can observe the Easter service outside churches (seated), or inside the churches for up to 50 persons. On all other days the curfew begins at 21:00.
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Cyprus to participate in tests for COVID-19 digital certificate
30 April 2021
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The European Commission and 16 member-states will begin technical tests of the forthcoming system for the digital green certificate before this is adopted at a European level. An EU official briefed the Press in Brussels today. Cyprus is among the first “wave” of countries that will begin virtual technical tests in cooperation with EU services. Continue reading at source:
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Limassol plans ‘Wall Street’ by the sea, starts on technology park
28 April 2021
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Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend. “We are moving ahead with big improvements with the objective of bringing in international companies,” notes Andreas Tsouloftas, president of the Limassol Chamber of Commerce and industry, in an interview with the Cyprus Mail. Continue reading at source: Cyprus
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Leaders lay out their positions to Guterres in Geneva
28 April 2021
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By Evie Andreou in Geneva The two leaders had the opportunity to each explain to UN Secretary-General (UNSG) Antonio Guterres their visions for the future of the island during the first day of the informal summit on the Cyprus problem that started in Geneva on Tuesday. The first day was aimed at Guterres hearing the positions of the two leaders. He first met Turkish Cypriot leader Ersin Tatar and then with President Nicos Anastasiades. After the meetings, which
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CySEC Launches a Temporary Permission Register for UK Firms
28 April 2021
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The Cyprus Securities and Exchange Commission (‘CySEC’) established a Temporary Permissions Regime (‘TPR’) which does not require physical presence in Cyprus for UK firms when providing investment services (including when performing investment activities) solely to professional clients per se and eligible counterparties, based in Cyprus, by virtue of the CySEC Directive DI87-04(2) and of Policy Statement PS-02-2020 (see here). A Press Release on the subject matter was issued on 22 December 2020 (see here). Continue reading at source: Gold
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One Fifth Of Population In Cyprus Vaccinated With First Dose
26 April 2021
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Cyprus has vaccinated 20% of its population with the 1st dose of a COVID-19 vaccine, while the vaccination program continues, giving the opportunity to people aged 43 and 44 to make an appointment on Monday. According to a press release by the Ministry of Health, as of April 23, a total of 236,265 vaccinations (26.8 doses per 100 inhabitants) has been administrated, of which 176,082 (20%) concerned the first dose and 60,183 (6.8%) concerned the administration of both
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Coronavirus: ministry issues more detail on lockdown diktats
24 April 2021
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The health ministry on Friday released a list of clarifications following the new lockdown announced earlier in the day. According to the ministry, private and public nurseries and kindergartens must suspend operations. Special schools may continue operations based on instructions to be issued by the labour ministry. Social gatherings are banned, including lunch and dinner parties in homes for weddings and christenings. Continue reading at source: Cyprus
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Cyprus Parklane Hotel opens for the summer
22 April 2021
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Parklane, a Luxury Collection Resort & Spa is now open! Parklane, a Luxury Collection Resort & Spa, is now open for the Summer 2021 season and ready to welcome you back! This property is part of Marriott International’s highly prestigious The Luxury Collection, the world’s premier portfolio of luxury hotels and it is owned and operated by Parklane Hotels Limited. Situated in 25 acres of landscaped gardens on 300m of sandy beachfront in the vibrant city of Limassol, Parklane offers 274 sumptuous rooms
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Special Covid protocols under draft for Orthodox Easter mass attendance
20 April 2021
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With Orthodox Easter just around the corner authorities are warning that measures aiming to curb the coronavirus spread will only be slightly relaxed at churches because of the island’s alarming epidemiological condition. “Christ has Resurrected” greetings on Holy Saturday this year will only take place at church courtyards which are to be marked with special social distancing signs, insiders told Philenews. Continue reading at source:
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Bank of Cyprus taps bond market for 300 million
20 April 2021
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Bank of Cyprus on Monday announced that it has successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its Euro Medium-Term Note (EMTN) Programme – the maximum amount possible under the rules for this kind of issuance. The bond issue was four times oversubscribed, attracting interest from more than 140 institutional investors, with the final pricing 37.5 basis points tighter than the initial pricing indication, and this accounted for a significant
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French financial software giant Murex chooses Nicosia for new location
19 April 2021
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Murex, the global leader in trading, risk management and processing solutions for capital markets, will bolster its regional footprint in the Europe-Middle East-Africa region with a new physical presence in Cyprus, the company said in a press release on Friday. Murex will bring more than 100 workers to the island, the statement said. The establishment of international ICT companies on the island has been a top strategic priority for Invest Cyprus. Continue reading at source: Cyprus
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Ministry Announces Changes In Epidemiological Risk Assessment Of Countries
19 April 2021
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The Ministry of Health announced on Monday changes as regards the categorisation of countries based on their epidemiological picture. The changes will come into effect on the 22nd of April. The changes concern the following countries: Denmark moves to the red category, Iceland to the green category, Ireland, Finland and Thailand move to the orange category. The Ministry says that following a decision of the Council of Ministers, on 18 February 2021, regarding the Action Plan for the gradual resumption
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Strategic Collaboration between Invel Real Estate, PRODEA Investments and Ioannis Papalekas Group
12 April 2021
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In the context of their strategic collaboration in the hospitality sector, Invel Real Estate, PRODEA Investments and the Cypriot based “YODA Group” of Mr. Ioannis Papalekas announce the conclusion of the acquisition of 45% of PRODEA’s interest in Mediterranean Hospitality Venture Limited (MHV) by a subsidiary of YODA Group. PRODEA Investments retains 45% in MHV while Invel Real Estate 10%, through a subsidiary. MHV, the sole shareholder of The Cyprus Tourism Development Company Limited, which owns The Landmark Nicosia, is
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Hellenic Bank sees 2020 profit after tax of €50.5mn
10 April 2021
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Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to the Covid-19 pandemic and its effects on the broader economy. The bank posted a total net income of €391.3 million, reflecting a 3 per cent drop year-on-year, as well as profit after tax of €50.5 million, a 53 per cent drop from the previous fiscal year. Both of
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EnergyIntel Group Signs Contract With Voici La Mode Group
10 April 2021
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The EnergyIntel Group announces the signing of contract for the PayGreen Energy Saving Solution with one of the biggest retail Companies in Cyprus, Voici La Mode Group. The contract was signed on March 11, 2021 and includes the installation of 2 Photovoltaic systems at Acropolis and Dhali buildings and another one at Strovolos Public parking place, for the total capacity of 385 KWp. In addition, Voici La Mode has chosen to install Electric Vehicle Chargers in the parking areas
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Shipping Deputy Ministry announces inclusion of Cyprus in Seabourn Cruise Line’s programme
08 April 2021
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The Shipping Deputy Ministry announced on Thursday the inclusion of Cyprus in the Seabourn Cruise Line`s programme, which is a member of the Carnival Cruise Line. The addition of Cyprus became possible following coordinated efforts by the Shipping Deputy Ministry, the Ministry of Transport, Communications and Works and the Tourism Deputy Ministry, the Shipping Deputy Ministry says in a press release. Continue reading at source:
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Cyprus to get vaccines for 2 million people
07 April 2021
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Cyprus President, Nicos Anastasiades, said on Wednesday that Cyprus has ordered and is ready to receive COVID-19 vaccines for two million people. Anastasiades, who made statements to the media after a visit he paid to the Vaccination Centre which operates at the State Fair in Nicosia, accompanied by Health Minister, Constantinos Ioannou, and other officials, noted that Cyprus is one of the first countries successfully implementing a vaccination programme, one of the first countries successfully carrying out PCR and antigen
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Cyprus welcomes Russian, Israeli tourists, waits for UK travel update on Covid restrictions
05 April 2021
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Cyprus welcomed tourists from Israel and Russia over the weekend as it waits for UK Prime Minister Boris Johnson’s full-scale travel update on Covid restrictions on Monday. From April 1, tourists from these countries vaccinated with a jab approved by the European Medical Association are not required to undergo a PCR test to travel to Cyprus. And they do not have to quarantine on the island, either. Continue reading at source:
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“Pay As You Throw” program to be implemented all over Cyprus
02 April 2021
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The successful example of Aglandjia Municipality “Pay As You Throw” is expected to be implemented all over Cyprus with the new year. The target is to reduce the burial of biodegradable material, increase the amount of materials to be recycled and to prevent the establishment of waste. According to the program of the Aglandjia Municipality, waste is put only in prepaid special bags and at the same time garbage collection fees are abolished. Continue reading at source:
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Post-Brexit British nationals in Cyprus to also be able to vote in municipal elections
02 April 2021
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Authorities are working on ways to pave the way for UK citizens living in Cyprus to also be able to cast a vote in municipal elections just like other European nationals. If you are an EU national living in another bloc member state, you have the right to vote and stand as a candidate in municipal elections in that country. Continue reading at source:
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Coronavirus: cabinet meeting to discuss relaxations
31 March 2021
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Further relaxations of restrictive coronavirus measures was being discussed by the Council of Ministers on Wednesday morning. During the session, chaired by President Nicos Anastasiades, protocols which will be in place until April 24 will be decided upon. According to the Cyprus News Agency, it is likely that gymnasium students will return to school on April 2 and the number of people allowed in gyms and other indoor sports facilities will increase depending on the size of the premises.
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Hellenic Bank appoints German finance specialist Oliver Gatzke CEO
24 March 2021
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Hellenic Bank has named Oliver Gatzke, a German banker with years of experience in both financial restructuring and fintech as CEO. The 52-year old Gatzke is well-known in European banking circles for his work in privatising and restructuring Hamburg Commercial Bank. “Gatzke successfully initiated the privatization of the bank and played a leading role in its financial restructuring. In addition, as CTO, Gatzke was responsible for the extensive business and IT transformation, including the bank’s strategic digitisation projects. ”said Chairman
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Tree planting for peace and for the environment
20 March 2021
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Ruling Disy announced on Saturday it would distribute one million trees in the next three years to plant the “seeds of hope” for a united Cyprus. In his statements after the tree planting ceremony of Disy’s Woman Organisation (Godisy) in Latsia early on Saturday, the leader of the party Averof Neophytou announced the party’s green initiative. “In the next three years, Disy will distribute one million trees. This is the party’s ‘green deal’ for Cyprus,” he said. Continue reading
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EAC vision ‘a green energy future’
18 March 2021
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The Electricity Authority (EAC) is ready to move into a new energy era with the use of natural gas and renewable energy sources (RES), chairman of the board Michalis Komodromos told the Cyprus News Agency on Thursday. “Our goal is to contribute to the energy empowerment of Cyprus through the development of natural gas supply infrastructure. A project of special importance for the country,” he said. Continue reading at source: Cyprus
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New phase of measures into effect in Cyprus as of Tuesday
16 March 2021
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A new set of measures comes into effect on Tuesday in Cyprus while the epidemiological situation remains worrisome and the state hospitals continue to admit patients with COVID-19. Figures released on Monday show that a total of 208 patients are getting treatment , 40 of whom are in serious condition or in an Advance Care Unit (ACU). The positivity rate in Limassol, where the situation is alarming, reached 1,72% yesterday. Continue reading at source:
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‘Cyprus bookings up 840%’ – UK travel agency
11 March 2021
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“I just can’t wait to be back on the beach!” The words of Jo Pink, 48, who has already received both doses of her Covid-19 vaccination. Hopeful that the UK will lift travel restrictions on the 17th of May, she has booked an all-inclusive June getaway to Cyprus. She is not alone. Cyprus’ recent announcement that vaccinated UK travellers would be able to enjoy restriction free travel to Cyprus from May 1 has further fuelled a travel industry recovery
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Coronavirus: Restriction free entry for vaccinated Brits from May 1
06 March 2021
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Starting on May 1 British nationals vaccinated against the coronavirus will be allowed entry into Cyprus without any restrictions, deputy Tourism Minister Savvas Perdios said on Thursday. “We have informed the British government that as of May 1 we shall facilitate the arrival in Cyprus of those British nationals who have been inoculated with vaccines approved by the European Medicines Agency, so that they can come here without needing a negative [Covid] test and without needing to quarantine,” Perdios told
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Cyprus IT firms partner with Lebanese colleagues, discuss Cyprus relocation
06 March 2021
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The Cyprus IT Community on Thursday announced its formal partnership with the Lebanese IT Syndicate, as an increasing number of Lebanese tech companies consider relocation to the island. The Lebanese IT Syndicate integrates the professional IT community in the country, while the Cyprus IT Community is the only active group of International IT and Tech business owners. At the virtual event today, the founders of the two groups will sign a Memorandum of Understanding for mutual cooperation. Continue reading
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Cyprus implements EU directive on company ownership
04 March 2021
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Cyprus on January 4 activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing) into national law. On March 16, details of thousands of companies domiciled on the island will be collected 16 to be entered in a so-called Ultimate Beneficial Owner
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EU to propose vaccine certificates in time for summer holidays
02 March 2021
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The European Commission will propose this month an EU-wide digital certificate providing proof of a COVID-19 vaccination that could allow Europeans to travel more freely over the summer. The EU executive aims to present its plans for a “digital green pass” on March 17 and to cooperate with international organisations to ensure that its system also works beyond the European Union. Continue reading at source:
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€4m scheme to promote bicycle as means of transport
02 March 2021
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Transport Minister Yiannis Karousos on Tuesday unveiled a €4m, 17-point plan of action aiming to encourage cycling as an alternative form of transport. He told a press conference that the programme was in line with EU initiatives to combat carbon emissions. The ministry wanted to make the bicycle part of peoples’ daily routines as a safe and reliable means of transport, as well as for exercise and recreation. Cycling promotes quality of life, improves health, reduces emissions and urban noise,
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Coronavirus: Three stages to easing of lockdown
25 February 2021
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Health Minister Constantinos Ioannou on Thursday announced the gradual return of high school pupils to their classrooms from March 1 as part of the next phase of relaxations. Restaurants are expected to be allowed to resume full operations from March 16. According to Ioannou, cabinet decided the return from Monday, March 1, of the remaining two classes of lyceum pupils (grades 1 and 2) to their classrooms. Continue reading at source: Cyprus
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Transformation of Nicosia into smart city officially gets underway
24 February 2021
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Nicosia will become the first smart city on the island, improving services and increasing sustainability, the municipality announced on Tuesday. The digital transformation of the capital got underway after the signing of contracts for the supply, installation and operation of smart city infrastructure between the municipality, Logicom Solutions and the Cyprus telecommunications authority (Cyta). The project, which is divided in two parts, is expected to be completed in three years while the first infrastructure and smart city systems will be
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Cysec Launches A Brexit Information Hub To Facilitate A Seamless Post-Brexit Transition
22 February 2021
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The Cyprus Securities and Exchange Commission (‘CySEC’), the financial regulatory Authority of Cyprus, has launched a dedicated section on its website to serve as a Brexit Information Hub (accessible here), aiming at facilitating a seamless navigation of Brexit related information and the compliance of interested parties with legal obligations following the transitional period of the UK’s withdrawal from the EU. The Brexit Information Hub is being launched in conjunction with the Temporary Permissions Regime (‘TPR’) which enables UK financial services firms that
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Dog park opens in Limassol
22 February 2021
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A specialised dog park has been created in Zakakiou, Limassol, which will cater to the “daily increase in the number of dog owners”, the municipality of Limassol said on Monday. The park is 8,000 square meters and has grass, trees and dog training equipment – ramps, tunnels and so on. The municipality said work on the park was carried out in consultation with various animal rights NGOs and state veterinarians. Continue reading at source: Cyprus
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Cyprus welcomes Chinese buses featuring style and safety
22 February 2021
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The 200 King Long high-end city buses that arrived in Cyprus from Xiamen on May 27, 2020 are both stylish and safe for use in the pandemic. In what was the biggest export order for Chinese-made buses in the EU, two different models, the U12 and B12, have been imported to Cyprus. Both are stylish with a blue and white pattern design. And the buses are equipped with the automatic spray system of the King Long Quan Health Bus,
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Government announces new housing schemes and incentives
18 February 2021
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New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the Government. The schemes, which were earlier approved by the Cabinet, aim at further supporting the economy and entrepreneurship. The new plans were unveiled in detail at a press conference at the Presidential Palace by the Interior Minister Nicos Nouris. In his speech President Nicos Anastasiades said that the Government wants to turn the rural and less privileged areas into attractive
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Revolut Opens Its European Bank To Customers In Cyprus
18 February 2021
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Revolut, the global financial platform with more than 15 million customers worldwide, has today operationalised its European specialised banking licence in Cyprus. Customers in Cyprus who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme. Customers in Cyprus are now able to upgrade to Revolut Bank for additional services from within the app. The upgrade process will only take customers a mere few minutes. Continue reading at source: Gold
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Cyprus gains €8 billion in EU defence and security projects
18 February 2021
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In the coming years Cyprus stands to benefit substantially from funds allocated to defence and security projects via the EU’s Permanent Structured Cooperation (Pesco), MPs heard on Tuesday. Deputy minister for Research, Innovation and Digital Policy Kyriakos Kokkinos briefed lawmakers on the actions being taken by Cyprus to participate in Pesco programmes and tap into a portion of the some €8 billion set aside by the EU for the 2021-2027 period. Continue reading at source: Cyprus
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American University of Cyprus to target job creation
16 February 2021
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The American University of Cyprus (AUCY) will open its doors in Larnaca in September 2021, and its second campus, in Ayia Napa, still under construction will begin welcoming students in the near future. The new university, offering undergraduate and graduate courses largely in business, science and technology, will be the only university in Cyprus to follow the American model. It is intended to fill a gap in the Larnaca and Famagusta regions. Like American universities, AUCY will offer a robust
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Radisson announces second property, and serviced apartments in Larnaca
13 February 2021
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The Radisson Hotel Group is to open a string of new properties in Cyprus, according to a press release published on Friday. The planned Radisson Beach Resort Larnaca will offer an additional 202 keys and will be the city’s first internationally branded resort when it opens this summer. Construction is also starting “in the coming months” on the island’s first branded serviced apartments product, also under the Radisson Blu brand. In addition, the recently signed strategic partnership with Sunnyseeker Hotels
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Plans for re-opening of airports move ahead
09 February 2021
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Speaking to Phileleftheros, Transport Minister Giannis Karousos, said that even though 2021 may not have started well for the country’s airports since arrivals in January were reduced by 90.5% compared to 2020, prospects for the improvement of the situation remain encouraging. The Minister said that the planning for the implementation, as of 1 March, of the Action Plan for the gradual resumption of flights and re-opening of airports, will not be reversed. Continue reading at source:
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Nicosia and Athens convey “clear position” for Cyprus settlement in line with UN resolutions
08 February 2021
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Nicosia and Athens reiterated their readiness to attend an informal five-party conference on Cyprus, which the UN Secretary-General intends to convene soon, with the President of Cyprus, Nicos Anastasiades, and the Prime Minister of Greece, Kyriakos Mitsotakis, conveying on Monday their “clear position” that the form of settlement needs to be in line with UN resolutions. In statements after their meeting, at the Presidential Palace, in Nicosia, President Anastasiades and Premier Mitsotakis said they were in favor of abolishing “anachronistic
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Where to get rapid tests on Friday and over the weekend
05 February 2021
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A free screening program of rapid antigen testing is in progress the whole week for employees who are returning to their workplace on 8 February. Consequently, and in order to render possible the testing of all employees who will be returning to their workplace, the employees will be grouped alphabetically according to their surname. The testing units will, therefore, serve these employees as follows: Continue reading at source : News in
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Commissioner says children should be involved in running of schools
03 February 2021
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Children’s rights commissioner Despo Michaelides has expressed concern that domestic laws in Cyprus still do not fully comply with the provisions and principles of the Convention of Rights of the Child as regards education. She also highlighted the need for better representation of children’s views in the running of schools through the student councils. In a report on the best interests of the child (BIC) in educational administration, Michaelides said that it was important to monitor the state’s budgetary allocations
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New Era For Cyprus As Forthcoming Arrival Of The Ritz-Carlton Residences, Limassol Is Officially Announced
02 February 2021
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Marfields Group today announced the signing of a milestone agreement with Marriott International, confirming the highly anticipated arrival of the first branded residences on the island, The Ritz-Carlton Residences, Limassol. Renowned as one of the world’s top three residential brands, The Ritz-Carlton Residences set the standard for refined experiences in the most vibrant locations around the globe, from New York to Singapore, Puerto Rico to Bangkok. The Residences now expand their global footprint to Limassol, Cyprus, offering an elevated lifestyle
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Paphos wins creative tourism award
02 February 2021
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Paphos has won another European award, the local tourism board has announced. The Paphos Regional Board of Tourism has been awarded, ‘Best Strategy in Creative Tourism Development 2020’, by the creative tourism network. “The international network based in Barcelona, within the framework of the annual international awards for 2020, announced Paphos as the Best Strategy in Creative Tourism Development,” the Paphos tourism board said. Continue reading at source: Cyprus
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Greek Prime Minister to visit Cyprus during the next days
01 February 2021
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Greek Prime Minister, Kyriakos Mitsotakis, will visit Cyprus during the next days for better coordination between Cyprus and Greece with a a view to jointly address challenges, Cyprus Government Spokesman Kyriakos Koushos, said in a written statement. Koushos noted that Cyprus President, Nicos Anastasiades, and the Greek Premier had a telephone conversation on Monday with a view to update each other on the current developments in the Cyprus problem, after the expressed intention of the UN Secretary – General to
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Cyta launches first 5G network in Cyprus
01 February 2021
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Cyta on Sunday announced the operation of the first 5G network in Cyprus by Cytamobile-Vodafone, “marking the beginning of a new era in the evolution of communications in our country”, the company said. In a presentation on social media, Cyta Chief Executive Officer Andreas Neokleous announced the operation of the new network of Cytamobile-Vodafone, which provides high speeds (up to 1Gbps) with increased simultaneous connection to thousands of devices, and new levels of speed. Continue reading at
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Government Aims At Gradual Lifting Of Restrictive Measures
27 January 2021
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The Cyprus government aims at the gradual lifting of restrictive measures against the spread of COVID-19 in the context of a concrete plan, with a view to maintain the epidemiological outlook of the county at a level that will not jeopardize public health, Deputy Government Spokesman Panayiotis Sentonas said in a written statement. The statement was issued following a meeting of the advisory scientific committee on COVID-19 that took place on Monday at the Presidential Palace, under Cyprus President, Nicos
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Cyprus has talent – InvestCyprus
27 January 2021
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Cyprus is evolving, attracting new investment with business-friendly initiatives that have substantially increased the island’s appeal in today’s hi-tech world, and part of that is an ever-growing database of high achievers. According to the latest figures, Cyprus has the highest number of higher education graduates per capita in the whole of the EU, thereby providing the local workforce with an exceptional level of excellence to complement an already extensive and internationally recognised pool of skilled professionals in the financial and
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Cyprus FM travels to Brussels for FAC, will meet with Borrell
25 January 2021
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Cyprus Foreign Affairs Minister Nikos Christodoulides travels to Brussels on Sunday to take part in the Foreign Affairs Council on Monday which will discuss EU-US relations following Biden`s election, developments as regards Russian opposition leader Alexei Navalny, relations with Turkey and the rollout of COVID vaccines to third countries. Climate crisis and Energy Diplomacy will also be on the agenda of the FAC. Continue reading at source:
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Expert says lifting of all measures possible by March, if epidemiological figures allow it
25 January 2021
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Dr Petros Karayiannis, member of the Scientific Committee on the pandemic and Professor of Microbiology/Molecular Virology at the University of Nicosia Medical School has told the Cyprus News Agency that lifting of all restrictions for the containment of the coronavirus pandemic could be possible by March, given that epidemiological figures allow it and there is no setback. He also expressed the opinion that the aim for a two digit number in cases next week, is possible. Continue reading at
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Moody’s: Bank Of Cyprus In A Better Position To Deal With COVID Downturn Due To New Bad Loan Portfolio Sale
22 January 2021
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Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced economic downturn, a fact that is a credit positive. Moody’s issued a comment on the bank after the sale on 18 January, of and additional portfolio of non-performing loans with a gross book value of €545 million, to funds affiliated with Pacific Investment
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Cyprus electricity market should be open by 2022 — CERA
22 January 2021
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“Based on current data, CERA is looking forward to the introduction of healthy competition in the electricity market of Cyprus at the beginning of 2022,” announces Dr. Andreas Poullikkas, chairman of the Cyprus Energy Regulatory Authority (CERA). This will mean that producers of renewable energy, of whatever type, will be able to sell their production via the national electricity grid at that time. “There are essentially three main objectives of electricity deregulation in Cyprus in line with the EU perspectives:
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Health experts, Minister to review gradual lifting of covid-19 restrictive measures
21 January 2021
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Health Minister Constantinos Ioannou on Thursday meets the country’s covid-19 pandemic consultants to review the epidemiological state of play and exchange views on how to gradually lift the existing strict restrictive measures. The total lockdown is in effect till January 31. At the same time, the health experts keep sending the message that more time is needed before a clear epidemiological picture can be drawn. Continue reading at source:
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Cyprus shipping sees 30% tonnage tax reduction for lower emissions
20 January 2021
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The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From fiscal year 2021, annual tonnage tax will be reduced by up to 30 per cent for each vessel that demonstrates proactive measures to reduce its environmental impact, ensuring shipowners are rewarded for sustainable shipping efforts. “As a leading maritime nation, we have an obligation to support efforts in reducing GHG emissions. We believe that flag states are
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Bank of Cyprus announces sale of €545 mn portfolio of bad loans
19 January 2021
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Bank of Cyprus Holdings Public Limited Company announced that it has reached agreement with funds affiliated with Pacific Investment Management Company LLC (PIMCO), for the sale of an additional portfolio of Non Performing Exposures (NPEs) with a gross book value of €545 mn. According to an announcement by Bank of Cyprus, the portfolio known as “Helix 2 Portfolio B”, had a contractual balance of €783 mn and comprises 16,000 loans, mainly to Retail and SME clients, secured over 4,000 real
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Rules issued for car imports from UK post-Brexit
19 January 2021
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The road transport department announced on Tuesday the rules concerning the importation of vehicles from the UK following its EU exit. According to the department, an M1 category vehicle – passenger car with up to eight seats not including the driver – can be registered in Cyprus provided it is up to five-years-old on the date of arrival, counting from the date it had been registered new in any country. Continue reading at source: Cyprus
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More than 50% of people over 80 in Cyprus already vaccinated or have appointment
18 January 2021
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More than 50% of citizens aged over 80 in Cyprus have so far received a vaccine against COVID19 or have arranged an appointment to be vaccinated, Deputy Director of Health Services Olga Kalakouta has told CNA. She said that there are around 33,000 citizens over 80 and so far 10,000 of them have been vaccinated, while 2,000 more received a vaccine in care homes. Continue reading at source:
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Cyprus FM To Pay Working Visits To UAE And Saudi Arabia
18 January 2021
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Cyprus Foreign Minister, Nikos Christodoulides, will pay consecutive working visits to the United Arab Emirates and Saudi Arabia.A press release issued by the Foreign Ministry said that Christodoulides who leaves Cyprus on Sunday evening, will fist fly to Abu Dhabi where on Monday, January 18, he will have a private meeting and extended deliberations with the Minister of Foreign Affairs and International Cooperation of the United Arab Emirates, Sheikh Abdullah bin Zayed Al Nahyan. Discussions are expected to focus, among others,
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Cyprus house prices down an annual 1.4% in 3Q 2020
15 January 2021
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In the third quarter of 2020, house prices, as measured by the House Price Index, rose by 4.9% in the euro area and by 5.2% in the EU compared with the same quarter of the previous year. In the second quarter of 2020 house prices rose by the same annual rates, 4.9% and 5.2% respectively. These figures come from Eurostat, the statistical office of the European Union. Compared with the second quarter of 2020, house prices
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‘Largest ever’ affordable housing project planned for Limassol
14 January 2021
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The mayor of Limassol Nicos Nicolaides announced on Wednesday that, by the end of 2021, he will announce tenders for the construction of 150 apartments in the neighbourhood of Ayios Nikolaos, as part of the agreement on affordable housing signed between the Limassol municipality and the Cyprus land development corporation (KOAG). Nicolaides’ statement came after a teleconference with KOAG president Marios Pelekanou on Wednesday. Continue reading at source: Cyprus
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Cyprus enters lockdown, sending text messages a must to move around
11 January 2021
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Total lockdown in Cyprus as of Sunday morning and up until January 31 in a bid to curb the alarming spread of the coronavirus and the public is reminded that to move around they have to send a text message and get permission. Specifically, for purposes other than to go to work, people will have to send a text message or SMS to 8998, free of charge. They can do so twice a day. Continue reading at source:
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Cyprus President Anastasiades congratulates new US President Biden
08 January 2021
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Cyprus President Nicos Anastasiades has congratulated Democrat Joe Biden after the US Congress certified his November 3 presidential election victory. “Congratulations to my dear friend Joe Biden, the 46th President of the United States,” Anastasiades wrote on his Twitter account late on Thursday. Continue reading at source:
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Cyprus on verge of total lockdown, expected to come in effect as of Sunday
08 January 2021
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Cyprus is on the verge of a total lockdown just like the one back in March with the only exception being the continued operation of the island’s airports, informed sources told Philenews. The stricter new measures aiming to curb the alarming spread of the coronavirus will be announced by the Health Minister around 1pm on Friday after a Cabinet meeting. Continue reading at source:
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Koushos: Cabinet To Convene Friday To Decide On New COVID Measures
07 January 2021
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The Cabinet will convene on Friday instead of Thursday to decide on new measures to contain the spread of COVID pandemic. Government Spokesman Kyriakos Koushos said that it was necessary reschedule the meeting, as Ministers needed more time to go through their planning and table their strategies. The new measures as well as the new schemes prepared by the Ministries of Labor and Finance will be announced after the Cabinet meeting, Koushos said in a written statement. Continue reading
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Petrolina buys out Greek SILK OIL for 9 million
06 January 2021
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According to an announcement, on 31 December 2020, Petrolina bought out SILK OIL, a deal amounting to 9 million euros. As reported, the purchase is expected to affect positively the prospects and results of the Petrolina Group and is part of the group’s plan to further develop its work in Greece. Continue reading at source:
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Agriculture Ministry offers ‘Green Harvest’ in grapevines incentive
04 January 2021
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The Ministry of Agriculture has offered the ‘Green Harvest’ in grapevines incentive with a budget of €1.6 million in a bid to boost the island’s wine sector. This is what Agriculture Minister Costas Kadis said in response to the Green Party’s question on incentives offered by the state towards the struggling wine sector in view of the additional burden now of the coronavirus. Continue reading at source:
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Televised address by President Anastasiades, on the occasion of the New Year 2021
02 January 2021
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We say goodbye in a few hours to a year that will be recorded as one of the most destructive in the modern history of humanity, at times of peace. The coronavirus pandemic, the invisible enemy, as it has been called, resulted in the loss of two million human lives, struck the health systems even of countries considered among the most advanced in the sector, led the world economy into an unprecedented crisis, deprived billions of citizens of their human
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Ursula von der Leyen: Our Future Is Made In Europe
02 January 2021
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European Commission President Ursula von der Leyen and European Council President Charles Michel signed the post-Brexit trade and cooperation agreement on Wednesday. U.K. Prime Minister Boris Johnson is expected to also sign the text later in the day, after a planned fast-track vote by the British parliament on the deal this afternoon. Continue reading at source: Gold
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University of Nicosia ranked in top 4% of unis in EECA region
30 December 2020
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The University of Nicosia placed #126 in the Emerging Europe and Central Asia Region, in which over 3,300 universities operate, according to the QS World University Rankings 2021 The 2021 QS World University Rankings: EECA, released in December, once again ranked the University of Nicosia (UNic) as one of the top 4 per cent of universities in the region, in which over 3,300 universities operate across 24 countries. UNic was ranked for a third consecutive year in the Emerging Europe
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Electronic form needs to be filled out before sending a parcel
30 December 2020
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The Cyprus Post announced on Tuesday that from January 1, people wishing to send parcels abroad must fill out an electronic form with all the necessary information before going to the post office. This requirement is due to international obligations and applies to all items containing goods sent to non-EU countries as well as items sent through the parcel, EPG, EMS Datapost services, regardless of destination and content. Continue reading at source: Cyprus
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Energy And The Environment In A Competitive Economy
30 December 2020
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The global energy transformation, climate change and the need for competitiveness were put at the heart of the India Cyprus Virtual Club Meeting, which took place on December 16, 2020. The online event was welcomed by Sunil Kapoor, director of FML Ship Management. Production and consumption model The need to find solutions as each country is driven to energy transformation, without its economy becoming uncompetitive or bankrupt, stressed the former minister of Energy, Trade, Industry and Tourism, George Lakkotrypis.
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Coronavirus: new decree bans visitors to homes
29 December 2020
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A new decree issued by the health ministry and in force from 6pm Tuesday until January 10 is now forbidding the presence of other people in houses other than those permanently residing in them. The only exception to the new decree will take place on New Year’s Eve, where up to ten people from no more than two different households will be allowed to meet. The ten includes minors. Continue reading at source: Cyprus
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More than 70,000 have visited Varosha since October
29 December 2020
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More than 70,000 people have visited Varosha in two months since the partial opening of the fenced-off area in the northern part of Famagusta, Turkish Cypriot media reported on Monday. Between October 8 and December 8, more than 70,000 people from the north and the government-controlled areas of the island visited Varosha according to Famagusta’s ‘mayor’ Ismail Arter. Continue reading at source: Cyprus
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As Brexit looms over Cyprus UK nationals get helpful advise
28 December 2020
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As 2020 comes to an end and ‘hard’ Brexit looms over Europe and consequently Cyprus, UK nationals should be aware of certain things that will be different and some that will remain the same. For example, those who come to live in Cyprus after January 1, 2021 will be subject to the Mediterranean island’s immigration rules, the High Commission in Nicosia informs. The current practice in Cyprus is for non-EU nationals who do not require a visa to be admitted
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Cyprus President gets covid-19 vaccine live on TV – UPDATED
28 December 2020
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Cyprus President Nicos Anastasiades got vaccinated against Covid-19 live on television early on Monday, hours only after the Mediterranean island started its inoculation process. Describing the vaccine a “gift of life”, the President said he was happy because there is hope the end of the pandemic which has turned everyone’s life upside down is coming to an end. Continue reading at source:
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CySEC Introduces Temporary Permissions Regime To Facilitate PostBrexit Transition For Cyprus Investment Firms
28 December 2020
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The Cyprus Securities and Exchange Commission (‘CySEC’) has established a Temporary Permissions Regime (‘TPR’) which does not require physical presence in Cyprus for UK firms when providing investment services (including when performing investment activities) solely to professional clients and eligible counterparties, based in Cyprus. This is in order to allow for a smooth transition to new contracts post-Brexit, concluded on a reverse solicitation basis and for UK firms who wish to continue soliciting Cypriot professional clients and eligible counterparties to
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Covid restrictive measures could loosen for one or two days only over festivities
22 December 2020
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Imposed measures to prevent the coronavirus spread in Cyprus could be loosened for just Christmas Day and New Year’s Eve and not for any other time in between. This is what Dr Petros Karayiannis, one of the health experts advising the government, told CNA on Monday. Continue reading at source:
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First stage of tenders for gas supply completed
22 December 2020
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The Natural Gas Public Company (Defa) announced Monday it has concluded the first phase of the tender process for the supply of liquefied natural gas (LNG). According to a press release, 19 interested suppliers were selected for the procedures concerning both the medium-term supply of the basic quantities with an LNG sales and purchase agreement contract, as well as for the procedure for future deliveries of LNG purchased on the spot market. Continue reading at source: Cyprus
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Cyprus has taken ‘huge strides’ to becoming an educational hub
20 December 2020
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The 53,262 students registered at higher level institutions demonstrate that Cyprus has taken huge strides in establishing itself as an educational hub, Education Minister Prodromos Prodromou said on Friday. Presenting a breakdown of the tertiary education sector for the academic year 2019-2020, Prodromou said that 39,203 of these students are studying at public and private universities and the remaining 14,059 at colleges. Continue reading at source: Cyprus
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Cyprus: A New Age Calls for a New Look
20 December 2020
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Sponsored by InvestCyprus In the coming decades, information and communication technologies (ICT) will radically influence the global economy – and Cyprus is positioning itself to be at the forefront of the Fourth Industrial Revolution. Already home to several international tech companies, Cyprus has made unprecedented moves in recent years to secure its future as both an established international business centre and an emerging tech hub. Continue reading at source: Cyprus
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Auction for 5G broadband in Cyprus starts Thursday, four bidders take part
17 December 2020
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The auction for 5G broadband in Cyprus is set to start on Thursday with four bidding electronic communication networks taking part, according to Philenews. The bidding is at the office of the Department of Electronic Communications between the Cyprus Telecommunications Authority (Cyta), Primetel, Epic and Cablenet. Continue reading at source:
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Cyprus-Kazakhstan Tax treaty creates investment channel
17 December 2020
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The Cyprus Kazakhstan Double Taxation Treaty, comes into effect on January 17, 2021, is expected to create a channel for investment from Kazakhstan through Cyprus to Europe, and from Cyprus through its partner country to the east. Cyprus is one of the top 10 investors in Kazakhstan, according to Kazak government statistics, having placed $165 million in direct investment in the country in the first half of 2020. Over 70 Cyprus companies have registered in Kazakhstan, and these will have
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Any different covid measures during Christmas holiday last minute decision, expert says
16 December 2020
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The coronavirus situation in Cyprus is stable and a drop in the daily number of positive cases is anticipated but any decisions on special measures over the Christmas holiday will be taken the very last minute. This is what member of the scientific team advising the government on the pandemic Dr Petros Karayiannis told CNA on Wednesday. Continue reading at source:
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The University Of Central Lancashire (UCLan) Among The Top 3 UK Universities In The Hospitality & Tourism Management Field
16 December 2020
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The University of Central Lancashire (UCLan) proudly announces that it is now ranked in the top 3 universities in the United Kingdom according to The Guardian University Guide 2021 in the field of Hospitality & Tourism. The Guardian University Guide is amongst the most reliable and accredited university rankings in the United Kingdom and all over the world as well. Continue reading at source: Gold
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Winners announced for the 2019 Hearts of Gold Cyprus Awards
14 December 2020
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The 12th Hearts of Gold Cyprus Award winners for 2019 have finally been announced. The annual awards celebrate philanthropy, humanity, volunteering and caring and recognise both children and adults from all over the island. Winners were due to be announced at a ceremony held in Paphos in January 2020, however, due to a medical emergency, followed by the coronavirus pandemic, they were delayed. Continue reading at source: Cyprus
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Brexit website provides info for British residents in Cyprus
14 December 2020
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A Cyprus government website aimed at providing information on Brexit is being promoted by the Press and Information Office, ahead of the transition period that is coming to an end on December 31. As it’s looking like a no deal Brexit may be likely, a campaign to raise awareness of the site is underway. www.brexit.com.cy holds the latest information for British residents in Cyprus, and is focused on this particular group, although a Greek version is also available,
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MountMed to promote and protect mountains
11 December 2020
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The announcement of the creation of MountMed – Institute for Research Experimentation and Development for the Mountains of the Mediterranean – in Cyprus coincides with World Mountain Day on December 11. Although not yet fully operational, MountMed’s goal is the sustainable development of our country’s mountains. Its aim is to instigate research and innovation for the mountain regions of the Mediterranean islands as regards the environment, economy, demographics and culture. Continue reading at source: Cyprus
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Cyprus miners find more gold, silver, zinc in Troodos
08 December 2020
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Exploration teams from the Nicosia-based mining company Venus Minerals have found more gold, silver, copper and zinc deposits in the continued work on their Magellan Project in the Northern Troodos. The company, which is working with its investor UK AIM-listed Ariana Resources has found in its New Sha field a combined resource of 9.5 million tons with a high percentage of copper, and with significant additional potential for precious-metals and zinc, Venus Minerals said in a statement released on
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Auction for 5G in Cyprus starts December 17, four bidders on high alert
03 December 2020
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With the auction for 5G broadband in Cyprus starting on December 17, the four bidding electronic communication networks are on high alert, Philenews reported on Thursday. Authorized providers are required to establish and operate a fifth generation broadband electronic communications network to provide electronic communications services that will cover 70% of the population of the Republic. As well as all highways, until December 31, 2025. Continue reading at source:
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Limassol to get its first H&M store by end of May
02 December 2020
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Coastal Limassol will get its first H&M store but the Swedish chain of clothing, accessories and shoes won’t come all on its own. The trendy store will be housed where the former ESEL headquarters used to be, in the heart of the city, along with a boutique hotel. Continue reading at source:
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Hellenic Bank sees profit of €40 million after tax for nine-month period
02 December 2020
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Hellenic Bank saw profit of €40 million after tax in the first nine months of this year (to September 30), according to a statement released on Tuesday. Analysts welcomed this improved performance given the pressure of de-risking the balance sheet and the parlous economic conditions in the pandemic. Profit for the third quarter was at €22.3 million, up 12 per cent from the previous quarter’s €19.9 million. Revenue for the period was at €284.1 million, down slightly
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Paphos gets more tourist searches than Tel Aviv, Ibiza Mykonos – Research
01 December 2020
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Paphos was one of the most searched tourist destinations last summer, according to research by Sojern, a specialist in travel advertising and research. But news of vaccines have only provided a slight overall boost to travel in Europe. “Specifically, from the week of June 14 to the week of October 25, flight searches to Paphos grew the fastest (in comparison with Tel Aviv, Mykonos, Ibiza) peaking at over 100 per cent,” analysts from Sojern told the Cyprus Mail in an interview. As
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Lute set to meet Spehar
30 November 2020
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UN Secretary General special envoy Jane Holl Lute will meet special envoy and head of Unficyp Elizabeth Spehar on Monday ahead of meetings with the leaders of the two communities the following day. Lute was scheduled to meet Spehar and other UN officials involved in the talks on Monday morning. Continue reading at source: Cyprus
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Cyprus’ new covid preventive measures to be announced midday Friday
27 November 2020
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President Nicos Anastasiades on Friday morning chairs a new meeting with the scientific advisory team on Covid-1 before official announcements are made around midday on what measures will apply in Cyprus as of December 1. What is certain is that restrictions to prevent the further spread of the pandemic will somewhat relax over Christmas and New Year’s Eve celebrations, according to insiders. Continue reading at source:
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Cyprus’ drilling programme to resume in the second half of 2021
26 November 2020
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Cyprus’ hydrocarbon exploration programme will resume in the second half of 2021, Minister of Energy Natasa Pilides has said, before admitting that the coronavirus pandemic made drilling projects “increasingly complex.” Pilides also told participants at the virtual Economist 16th Cyprus Summit on Tuesday that covid-19’s outbreak forced international energy companies with licenses to carry out explorations in blocks of the Cypriot EEZ had to postpone projects planned for 2020. Continue reading at source:
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Health experts, President to decide on festive season’s preventive covid measures
25 November 2020
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President Nicos Anastasiades and the epidemiological advisory group on covid-19 on Wednesday morning began a meeting aiming to clarify the next steps to be taken to protect the country from the pandemic’s spread. The new measures, to cover the festive season of Christmas and New Year’s Eve, will be announced on Friday by Health Minister Constantinos Ioannou. Continue reading at source:
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Cypriot products included list recognised by China
24 November 2020
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A total of four traditional Cypriot products, Zivania, Ouzo, Commandaria wine and Loukoumi Geroskipou – a type of Cypriot delight – have all been included in a list of EU protected geographic indications (PGIs) that will be recognised by China under a new agreement. The European Council adopted a decision on Monday on the conclusion of an agreement between the EU and China on cooperation around geographic indications (GIs). Continue reading at source: Cyprus
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Tender For The Cyprus – Greece Ferry Connection To Be Launched Early December
23 November 2020
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Cyprus will launch a tender process for a sea passenger connection line with Greece in early December, with the ferry connection expected to begin in the summer of 2021, Deputy Minister for Shipping Vassilis Demetriades told CNA. “The open European tender is expected to be launched in the first week of December,” Demetriades told CNA, adding the Ministry is waiting for some clarifications in order to finalise the tender documents. Continue reading at source: Gold
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Coronavirus phase two of free PCR tests for workers starts Saturday
21 November 2020
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Phase two of free PCR tests for workers permitted to travel to and from Paphos and Limassol district will start on Saturday at 2 pm and continue till November 27, the health ministry has announced. Travel between the districts is permitted on presentation of a negative PCR test no older than seven days and confirmation from employers. The first phase of testing was marred by huge lines and prompted Health Minister Constantinos Ioannou to issue a personal apology for the
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Larnaka Airport Highly Commended By ACI Europe
19 November 2020
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Larnaka International Airport has received another important accolade during the 30th Annual Congress and General Assembly of the Airports Council International (ACI Europe), as it was highly commended in the category 5-10 million passengers at the Best Airport Awards 2020. The airports were evaluated based on their performance, agility, and results in a newly created environment as a result of the pandemic. Continue reading at source: Gold
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Cyprus receives 250m in EU pandemic loan
18 November 2020
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The European Commission on Tuesday disbursed €14bn to nine EU countries, including Cyprus, in the second instalment of financial support to Member States under the SURE instrument. “Today Cyprus will receive €250m through SURE for safeguarding jobs over the course of the pandemic. In total Cyprus will receive €479m through SURE,” European Commission President Ursula von der Leyen said. The support, in the form of loans granted on favourable terms, will assist member states in addressing sudden increases in public
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Government expands affordable housing plan
17 November 2020
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A new revised affordable housing plan for vulnerable groups, young families and incentives for constructing more urban rental properties was unveiled by Interior Minister Nicos Nouris on Monday. The revised plan includes mountain districts, disadvantaged areas and improved urban incentives and covers all communities in Troodos, Akamas and Tylliria. It increases the number of communities in these areas from 128 eligible villages in the original July 2019 affordable housing plan to 259. “That means another 131 communities have been added
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RCB Bank rating confirmed by SP - highest in Cyprus
13 November 2020
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S&P Global Ratings in an annual report published on Wednesday confirmed the creditworthiness of RCB Bank at BB- / B with a stable outlook — this is the highest rating currently among Cyprus banks. A ‘BB-‘ rating shows that the entity is less vulnerable to changes in the external environment. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to its inadequate capacity to meet its financial commitments. Continue reading
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Limassol and Paphos districts enter almost complete coronavirus lockdown
12 November 2020
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The Mediterranean island’s coastal districts of Limassol and Paphos on Thursday evening will enter an almost complete lockdown which is to last until November 30. In a bid by the government to contain the alarming spread of coronavirus – especially in these two districts – the curfew will be from 8pm to 5am. And movement in or out of these two districts will be prohibited almost entirely at all times. In a televised message late on Wednesday, President Nicos Anastasiades said
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Action plan to promote Paphos in place
11 November 2020
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The Paphos regional board of tourism is continuing to strengthen the promotion of the area and has prepared an enhanced action plan with a budget of over €480,000, officials said on Tuesday. “Sixty five per cent of the budget for 2021 will be allocated for the enhancement of the tourist experience and in new technologies,” head of the Paphos regional board of tourism Nasos Hadjigeorgiou told the Cyprus Mail. Continue reading at source: Cyprus
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Moody's Affirms Bank Of Cyprus' And Hellenic Bank's Deposit Ratings At B3
11 November 2020
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Moody's Investors Service has today affirmed all ratings and assessments of Bank of Cyprus Public Company Limited (Bank of Cyprus) and Hellenic Bank Public Company Ltd (Hellenic Bank), including their long-term deposit ratings of B3. The outlook on both banks' long-term deposit ratings remains positive. According to a statement, the affirmation of the banks' ratings reflects their improved funding and liquidity profiles, and strengthened capital levels compared to a few years ago, counterbalanced by the downside risks stemming from the
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Hotel discounts, with subsidies, continue through March 31
10 November 2020
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The Council of Ministers has agreed to the request from the tourism ministry to continue its mandate of special offers of hotel discounts to permanent residents, the Deputy Minister of Tourism said in a press release on Monday. Despite the coronavirus pandemic, Cyprus has the potential to emerge as a first-class winter tourist destination due to its remarkable mountain regions and rural authenticity, Deputy Minister of Tourism Savvas Perdios has said.More than 100 hotels across the island participate in
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Anastasiades congratulates ‘good friend’ Biden
09 November 2020
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President Nicos Anastasiades congratulated president-elect of the United States, Joe Biden for his victory. Anastasiades, in a message on social media, referred to Biden his “good friend and friend οf Cyprus.” “My best wishes for a most successful and productive term in office. I look forward to work closely with you in order to enhance the relations between our two countries,” Anastasiades said. Continue reading at source: Cyprus
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Zara’s online store in Cyprus goes live today
05 November 2020
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Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business. Zara.com/cy will offer online shoppers in Cyprus the full range of women, men and kids’ collections available in the market’s Zara stores, starting with the Autumn Winter 2020 Collection. Available in English language, Zara.com/cy has been designed to provide a user-friendly
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Cyprus President to announce additional covid measures on Wednesday eve
04 November 2020
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President Nicos Anastasiades will address the nation on Wednesday evening to announce stricter measures in a bid to curb the alarming spread of coronavirus in Cyprus. Earlier closure times for bars and restaurants throughout the island are expected to be part of the new measures to be announced following an afternoon cabinet meeting, Philenews reports. Insiders said the advice from health experts appears to lean towards avoiding a blanket lockdown – for now at least. Continue reading at source:
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The University of Nicosia: Global leader in business and economics education
04 November 2020
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The latest results of the annual Times Higher Education (THE) World University Rankings by Subject 2021 rank the University of Nicosia (UNic) among the top 301-400 universities in the world in the subject area of Business and Economics. This ranking places UNic as the #1 ranked university in Cyprus and Greece, and among the Top 100 universities in the European Union, in this subject area. Continue reading at source: Cyprus Mail
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Projects worth more than €10m to upgrade Geroskipou
03 November 2020
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Projects worth more than €10 million are ongoing in Geroskipou, Mayor Michalis Pavlides said on Monday. The traditional centre of the coastal town will be upgraded, while the old army training centre (KEN) will also be utilised, he said. “Specifically, the municipality of Geroskipou is preparing proposals, so that by November 30 a relevant study will be sent to Greek researchers, in collaboration with the municipality of Paphos, for the promotion of EU-funded projects for the period 2021-2027.”
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Do you have to close your UK bank account?
02 November 2020
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Anyone who has lived and worked in the UK will understand the advantages of having an account in Blighty. You can pay your bills, your taxes, collect your investments – there’s always some business to be done which is much easier to settle if you have at least a checking account in a UK bank. But with Brexit closing in, and quite possibly a no-deal Brexit, do you have to close your account there? Continue reading at source: Cyprus
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Cyprus remake to begin with business creation
02 November 2020
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The Cyprus remake, a series of EU funded programmes that will affect every aspect of life in the country, will begin in the new year. The first of these will involve the creation of new businesses, sources at the Ministry of energy, commerce, industry and tourism told the Cyprus Mail. Meanwhile, proposals from the various ministries themselves for grants under the same fund are under review, with the entire plan for Cyprus scheduled to be completed by December. None of
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Cyprus welcomes readiness of UNSG to provide his Good Offices for new talks
30 October 2020
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The Cyprus government welcomed the readiness of UN Secretary-General Antonio Guterres to provide his Good Offices mission for the resumption of talks for the solution of the Cyprus problem, government spokesman Kyriacos Koushos said on Thursday. According to Koushos, Guterres, in his reply to a letter sent to him by President Nicos Anastasiades some two weeks ago, expressed “his readiness to provide his Good Offices for the resumption of talks for a solution of the Cyprus problem, on the basis
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President to inaugurate Paphos Innovation Institute on Friday
29 October 2020
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The Municipality of Paphos is in the final phase of preparations for the opening of the Paphos Innovation Institute, which will be inaugurated by President Nicos Anastasiades on Friday. Mayor of Paphos Phedonas Phedonos stressed that the project, a collaboration with the Reichman University (IDC Herzliya) of Israel, sees Paphos enter a new era investing in innovation and related education. Continue reading at source: Cyprus
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Reservoirs still 77% full despite protracted summer
28 October 2020
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While temperatures in recent days have been 6 to 10C higher than usual for the time of the year, reaching 36C in Nicosia both on Monday and Tuesday, this and a lack of rainfall have not yet affected water levels in the reservoirs. The hot weather will abate somewhat over the next few days, but will remain well above average, with highs of more than 30C in some areas. Rain is also unlikely to fall this week, at least in
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Hotel discounts expected to continue through the winter - Tourism Minister
28 October 2020
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The tourism ministry is considering the continuation of its mandate of special offers of hotel discounts to permanent residents, the Deputy Minister of Tourism Savvas Perdios told the press on Monday. More than 100 hotels across the island participate in the scheme, which was originally intended to be active from 1 September through the end of November. The scheme includes apartment complexes, tourist villages and agro-tourism establishments. Continue reading at source: Cyprus
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Coronavirus: masks to be worn outside, curfew in Paphos and Limassol (Updated)
23 October 2020
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The use of masks will now be obligatory in all areas, including in the open air in all districts will be in effect from Friday, Health Minister Constantinos Ioannou announced on Thursday. He also announced an 11pm curfew in the Limassol and Paphos districts, after a cabinet meeting in the morning. All measures will be in effect from Friday and will remain in force until November 9. Continue reading at source: Cyprus
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Cyprus remains on UK’s “green” travel list despite rising covid cases
23 October 2020
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Cyprus has remained in the UK Government’s “green” Travel Corridors list despite a rise in coronavirus cases on the island. This means that travellers from Cyprus arriving anywhere in the United Kingdom will continue to be excluded from the obligation to self-isolate for 14 days, as is the case with arrivals from most European countries. Continue reading at source:
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Investors are optimistic about Cyprus’ attractiveness-EY survey
22 October 2020
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Investors are optimistic about Cyprus’ attractiveness over the coming years but state that there is room for improvement, according to the EY Attractiveness Survey Cyprus 2020 released on Wednesday. The survey showed that COVID-19 triggered a sharp decline in foreign direct investment projects throughout Europe but despite the pandemic investors feel that Cyprus remains an attractive investment destination. Continue reading at source:
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Nicosia hosts Cyprus-Greece-Egypt Trilateral Summit
21 October 2020
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Nicosia on Wednesday is hosting the 8th Cyprus-Greece-Egypt Trilateral Summit with the leaders of the three countries set to discuss several issues of mutual concern. The Summit’s agenda includes talks on the illegal activities of Turkey in Famagusta and in the Eastern Mediterranean region, according to CNA. Deputy Government Spokesman Panayiotis Sentonas has said in a statement that the Summit will take place within the framework of deepening regional cooperation with neighbouring countries. Continue reading at source:
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President Anastasiades Congratulates New Turkish Cypriot Leader Tatar
19 October 2020
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President of the Republic of Cyprus Nicos Anastasiades has congratulated the new leader of the Turkish Cypriot community Ersin Tatar and has expressed hope that Tatar would show goodwill and respond positively to a UN call for a new initiative to solve the Cyprus issue, as he himself will. In a written statement, President Anastasiades says that “the verdict of our compatriots to select Mr. Ersin Tatar as the new leader of the Turkish Cypriot community is absolutely respected.”
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Could there really be a new passport scheme?
19 October 2020
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Dispute rages over how important the citizenship scheme was to Cyprus while the government has already hinted of a different scheme, as called for by business groups Questions have been raised about the importance of the citizenship by investment (CBI) scheme to the economy a few days after the government’s announcement of its termination as business groups, which have described the move as “catastrophic”, have already started calling for a new programme. In an announcement issued on Tuesday, immediately after the
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President to chair Covid-19 meeting on Saturday
16 October 2020
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President Nicos Anastasiades will hold an urgent meeting with the epidemiological team on Saturday amid speculation authorities are considering new measures to contain the coronavirus outbreak after a record 104 positive cases found on Thursday. It was the first time that daily cases went into triple digits since the start of the pandemic in March. Shortly after the numbers were released, Anastasiades called on the public on Twitter to strictly adhere to the measures already in place. “At this time,
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Cyprus still a top choice for European travellers
15 October 2020
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Surprisingly, lots of Europeans are still intent on travel this year, and not surprisingly, Cyprus remains among the top choices for destinations according to a study released this week by the European Travel Commission (ETC). The ETC, which represents the National Tourism Organisations of the countries of Europe, examined the ‘travel intentions’ of more than 5,000 Europe residents. While most are still hesitant to take a trip outside their own countries, one out of four said that they intend to travel within Europe in
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The Cyprus - Saudi Arabia Held On Wednesday Its Inaugural Meeting In Nicosia
15 October 2020
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Participants said the association opens new prospects economic and trade relations between the two countries. Addressing the ceremony, Minister of Energy, Commerce and Industry Natasa Pilides praised the relations between the two countries. “Relations between Saudi Arabia and Cyprus were extremely positive and close and we would like to further enhance them both on a political and an economic level,” she said. Continue reading at source: Gold
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5G on its way rapidly after licencing, says Cyta CEO Andreas Neocleous
14 October 2020
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5G is on its way soon, Fibre optic internet connections to expand, internet access upgrades coming to all 450 schools in Cyprus – these are all improvements underway for Cyprus telecommunications. The entire Cyprus network is seeing a digital transformation; Cyta CEO Andreas Neocleous tells us about the latest developments. CM: One still hears complaints from businesspeople in Cyprus about telecommunications infrastructure. They say that networking with other countries is still too slow? Neocleous: There is some latency in international
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British Airways Customer Excellence Award for Parklane, a Luxury Collection Resort & Spa
14 October 2020
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Parklane, a Luxury Collection Resort & Spa in Limassol is delighted to announce that it has received a British Airways Customer Excellence Award for 2019. This award comes from unbiased customer reviews and is designed to showcase the hotels that impress guests the most. Parklane, a Luxury Collection Resort & Spa received an overall score of 9.3/10. Continue reading at source:
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Solar panels on all our houses
12 October 2020
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European Recovery Fund to finance vast expansion of home solar panels The Cyprus Mail has learned that one of the first projects to be financed by the €1 billion European Recovery Fund is expected to be the vast expansion of grants to put solar panels on Cyprus homes. Currently, about €1,000 is provided as a grant to pay the costs of installing ph0tovoltaic panels on homes. The result has been that about 17,000 Cyprus homes currently operate solar panels, according
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Lebanese businesses seek opportunities in Cyprus
08 October 2020
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For Lebanese businesses, struggling in the crisis, Cyprus offers opportunities. Hundreds of Lebanese have simply up and moved to Cyprus. Others have decided to stay in Lebanon and partner up with Cypriot companies, in order the create a business bridge between the two countries. Joumana Khoury Younes is helping to build these bridges. She is the owner of the Beirut-based “Confiden,” a Corporate Services & Consultancy firm dedicated to providing specialised assistance to clients, in matters related to their personal
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Major insurer chooses Cyprus for its European business
08 October 2020
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Steamship Mutual, one of the most important Protection and Indemnity insurers globally, has chosen Cyprus for the base of its European business, with an office in Limassol officially opened on Tuesday. “We came to Cyprus because we need an office within the EU post Brexit,” Rupert Harris, Chief Executive SSM Europe & Head of Reinsurance explained to the Cyprus Mail in an interview. “EU-based members’ business will be renewed in this entity, and arrangements with relevant third parties will also
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Louis Infinity Blu Receives “Best Hotel Worldwide” Award
08 October 2020
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Louis Infinity Blu owners and operators received on Wednesday, September 30, the “Best Hotel Worldwide” award by TUI during a ceremony held at the hotel, in the presence of local authorities, TUI officials and media representatives. Louis Infinity Blu, located in Protaras, Cyprus, operated by Louis Hotels, stood out in TUI’s rigorous criteria, achieving 98% of the overall satisfaction winning the “Best Hotel Worldwide” at the “TUI Global Hotel Awards”. Speaking about this significant distinction, Chief Commercial Officer of Louis
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New tax bills seek to lure foreign high earners to Cyprus
06 October 2020
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MPs on Monday began discussing two government bills involving tax incentives aimed at luring high earners who are foreign nationals, so that they make Cyprus their personal domicile and headquarter their companies here. Under the first bill, amending the income tax law, foreign nationals not resident in Cyprus can benefit from a tax exemption of up to 50 per cent if their annual earnings exceed €100,000 either during the tax year during which they started working here or for any
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Cyprus wants a world free of nuclear weapons-Mavroyiannis
05 October 2020
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Cyprus will enhance efforts for the promotion of international peace and security and press forward with the ultimate goal of “a world free of nuclear weapons”. This is what Ambassador Andreas D. Mavroyiannis, Permanent Representative of Cyprus to the United Nations in New York has said. Continue reading at source: in-cyprus
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Coronavirus: the Cypriot behind the lab-free 90-minute test
28 September 2020
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Britain’s NHS has ordered 5.8 million of Chris Toumazou’s DnaNudge kits for speedy virus testing By Nick Theodoulou A breakthrough in the battle against Covid-19 has been achieved by a British Cypriot tech entrepreneur and professor, who has pioneered a much-heralded lab-free test that delivers accurate results within 90 minutes. The brainchild of Chris Toumazou, of Imperial College London, the testing kit has been dubbed “a lab in a cartridge” and the British government has ordered 5.8
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Cyprus set to be ‘remade’
28 September 2020
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With €1bn in EU recovery grants, the scope of the changes is said to be unprecedented By Andrew Rosenbaum IN WHAT is being seen as a giant step forward, Cyprus is set to be ‘remade’ in the coming years through €1 billion in grants – not loans – from the European Recovery Plan, according to documents seen exclusively by the Cyprus Mail. The scope is unprecedented; the work will go on for six years. Some of the candidate projects include
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Green incentives for shipping being finalised, ministry says
24 September 2020
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A series of green incentives rewarding those actively taking steps to support the transition to a zero-carbon future is currently been finalised and will be launched later this year, the deputy shipping ministry announced on Thursday. The incentives will take the form of a tonnage tax rebate for vessels demonstrating further reductions of the attained Energy Efficiency Design Index or reductions of the total oil consumption in two consecutive reporting periods. “A long-term strategy for Cyprus is also under development,
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Cyprus Airways Announces The Launch Of Ticket Sales For Winter 2020-21
23 September 2020
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Cyprus Airways announces the launch of ticket sales for winter 2020-2021. The winter schedule includes Athens and Heraklion, as well as, the addition of new route Larnaka-Moscow. The Cypriot airline is also planning to resume flights to Tel Aviv, as soon as the situation with Covid-19 stabilizes. George Mavrocostas, Chief Operations Officer of Cyprus Airways stated: “We continually monitor our route network taking into consideration the situation of Coronavirus pandemic and our customers’ needs. We are delighted that we
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European Tour at Aphrodite Hills a huge sporting event for Cyprus
22 September 2020
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Earlier this month, confirmation was received that Cyprus would be hosting one of its biggest sporting events of all time, with golf’s European Tour including the island in its updated 2020 schedule. The European Tour’s visit to Cyprus will include two separate events, the Cyprus Open, taking place from October 29 to November 1, and the Cyprus Classic, from November 5 to November 8. Both events will be played at Aphrodite Hills Resort near Paphos. The Sunday Mail spoke to Andrew
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Six countries move to lower Categories – Changes to take effect September 24th
22 September 2020
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On Monday, Cyprus’ Ministry of Health announced that 6 countries are being downgraded after reviewing the epidemiological risk for passengers travelling from these countries. New categories will be valid starting September 24. Category A – Low risk countries at the present stage European Union Member States: 1) Germany, 2) Latvia, 3) Lithuania, 4) Finland Continue reading at source:
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Brits beat Brexit with Cyprus move
21 September 2020
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Growing numbers of British nationals are preparing to move to Cyprus ahead of the end of the Brexit transition period, according to local businesses in Paphos. Peter Morton, a British expat living in Paphos with his wife and family, started his successful removal, shipping and storage business 14 years ago. In that time, he has moved hundreds of customers, mostly Brits, to and from Cyprus. Around fifty per cent of Peter Morton Removals clients are British. “Since just after lockdown was lifted,
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Fosun to get Thomas Cook flying again
16 September 2020
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Will Thomas Cook again run flights to Cyprus? It’s possible. The Shanghai-based Fosun International, a conglomerate worth about $100 billion in assets, acquired the assets and brand of Thomas Cook in November 2019 for $11 billion. Some time ago, Fosun announced that it would bring Thomas Cook back to life, but it was only on Monday that the Civil Aviation Authority granted the revived London-headquartered Thomas Cook Tourism (UK) Company Limited an Atol for an initial 364 passengers. Continue
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Limassol port in frame for Cyprus-Greece ferry link
15 September 2020
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Deputy Shipping Minister Vassilis Demetriades visited Limassol port to review its facilities and discussed the potential of using the island’s main cruise terminal as the home for a renewed Cyprus-Greece ferry link. Demetriades met with the management of the operator, DP World Limassol, and discussed the port’s potential to contribute to the development of Cyprus shipping as well as the possibility of the port serving the Cyprus-Greece ferry route. Continue reading at source: Financial
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Cyprus welcomes diplomatic relations established between Bahrain and Israel
15 September 2020
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Cyprus has welcomed the recent agreement for the establishment of diplomatic relations between the Kingdom of Bahrain and Israel. An official announcement in Nicosia on Monday also said that this constitutes another positive development for peace and stability in the region following a similar decision announced by Israel and the United Arab Emirates last month. Continue reading at source:
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Ministry updates Covid-19 country categories (updated)
15 September 2020
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The health ministry has updated the classification of countries as regards Covid-19 and how this impacts arriving passengers. Four countries have been downgraded and two upgraded. There have been no changes for Cyprus’ major travel partners Greece and the UK. Under the new rules that come into effect on September 18: Continue reading at source: Cyprus
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Cyprus happy with outcome of Pompeo visit, FM says
14 September 2020
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Cyprus on Sunday expressed satisfaction over the results of the talks it had on Saturday with US Secretary of State, Mike Pompeo, who paid a fleeting visit to the island. In statements to the Cyprus News Agency (CNA) , Foreign Minister, Nikos Christodoulides said that during his talks with President Nicos Anastasiades, which Christodoulides attended, the US official expressed the US commitment and interest in the broader Eastern Mediterranean region and the need for conditions of security and stability to
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Ayia Napa Marina Awarded ISO 13687-1:2017 Certification
11 September 2020
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Ayia Napa Marina is particularly pleased to announce that it has been awarded the ISO 13687-1 certification from the Cyprus Certification Company (CCC), pertaining to the operation of the first phase of the marina. The certification constitutes a particularly important recognition of the exceptional international standards which characterise the development of this iconic project in the Ayia Napa area. The ISO certification primarily provides operators of harbours and marinas for leisure craft with a practical tool to promote health,
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DP World Limassol Welcomed The Ambassador Of Israel To Cyprus To The New Passenger Terminal
11 September 2020
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The development of the maritime tourism sector and ways to boost cooperation between Cyprus and Israel, were discussed at a meeting held at the Limassol port, between the Israeli Ambassador to Cyprus, H.E. Shmuel (Sammy) Revel, the Chairman of the Limassol Tourism Board, Tony Antoniou and DP World Limassol officials. DP World Limassol officials welcomed the Israeli Ambassador and the Chairman of the Limassol Tourism Board to the Limassol port on Thursday, 10 September 2020. Revel had the opportunity
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EIB head foresees more projects with Cyprus
08 September 2020
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The European Investment Bank (EIB) will continue to support Cyprus with new investment, possibly involving broadband companies, the national road system or the Vasilikos Power Plant said President of the European Investment Bank (EIB), Werner Hoyer on Monday after his meeting with Finance Minister Constantinos Petrides. The president of EIB visited Nicosia on Monday and met with President Nicos Anastasiades as well as with the Ministers of Foreign Affairs Nikos Christodoulides, Energy, Natasa Pilides, and Finance Minister Constantinos Petrides, who
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First visitors after Cyprus airports reopened were from Greece, Germany, Poland
07 September 2020
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Coronavirus fear has forced many to cancel tourism plans this summer but those who dared come over to Cyprus after the reopening of airports were mainly from Greece, Germany, Poland, Switzerland, Denmark and Austria, Philenews reports. Cyprus reopened for tourism and started accepting visitors from a green list of countries in early June, and data compiled from the CyprusFlightPass platform shows the total number of visitors in July standing at 64,914. Continue reading at source:
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Council Of Ministers Approves The Creation Of A Fast Track Business Activation Mechanism
04 September 2020
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The Council of Ministers has approved yesterday the creation of a Fast Track Business Activation Mechanism for setting up a company in Cyprus by third country nationals. The mechanism is aimed at attracting foreign investment to the island. According to the PIO release, the proposal, which was put forward Minister of Energy, Commerce and Industry, Natasa Pilides, in coordination with the Ministries of Foreign Affairs, Interior, Finance and Labour, suggests that all necessary procedures for the registration and incorporation of
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Cyprus internet speed gets faster — Research
03 September 2020
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Cyprus’ internet speed saw a 42 per cent increase within the last year, aligned with a global broadband speed rise. The island ranked 89 out of 221 countries after tests in research designed and compiled by Cable.co.uk, and gathered by M-Lab, an open source project .Cyprus’ mean download speed was 15.62 Mbps, and it takes about 43 minutes to download a 5GB movie, the survey showed. Continue reading at source: Cyprus
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US Looks To Cyprus As Being An Important Partner, State Department Official Says
02 September 2020
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US Secretary of State Mike Pompeo informed the Cypriot President Nicos Anastasiades of Washington’s decision to lift the arms embargo to Cyprus, Matthew A. Palmer, Deputy Assistant Secretary of State for European and Eurasian Affairs announced. “The US looks to the Republic of Cyprus as being an important partner “, he added. In a virtual conference with Greek correspondents, Palmer said that Secretary Pompeo spoke with President Anastasiades over the phone and informed him of his “determination that within the
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New pricing policy leads to cheaper power
02 September 2020
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The cost of electricity has decreased by 20 per cent since new pricing measures were introduced in 2017, the head of the Cyprus Energy Regulatory Authority Andreas Poulikkas said on Wednesday. Poulikkas, who was submitting his report to President Nicos Anastasiades, said the new pricing measures were implemented in 2017 and within the year there was a decrease in costs. “The usage fee for the network has decreased 20 per cent from 2016 to present,” he told the president.
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Real cheap flights from Cyprus to the UK in Autumn
01 September 2020
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Travellers these days are lured with real low airfares from Cyprus to the UK in the Autumn but the coronavirus fear is probably going to overtake enthusiasm. Philenews reported on Monday that prices for departure from Larnaca to the UK on September 28 and return on October 4, range between €150, €156, €187 and €220 for almost all airports. Continue reading at source:
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Chevron to exploit Aphrodite gas ‘as soon as possible’
01 September 2020
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President Nicos Anastasiades on Monday held a teleconference with energy giant Chevron CEO Michael Wirth whose company has recently acquired a share in the Aphrodite gas reserve. David Stover, CEO of Noble Energy, which previously owned the share also took part in the call, as well as other officials from the two companies. Energy Minister Natasa Pilidou and government spokesman Kyriacos Kousios were also present. Continue reading at source: Cyprus
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Twelve Museums slated to operate with free admission
28 August 2020
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The Council of Ministers approved a proposal by the Ministry of Transport, Communications and Works for the adoption of the policy for free admission to the twelve Museums which fall under the jurisdiction of the Department of Antiquities during its meeting today. For the preparation of the above proposal, the Ministry of Transport took into account: » Recommendations by UNESCO. » The results from the implementation of free admission policies in Museums of other European countries such as the UK and Sweden.
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‘Hotel prices will be attractive’ with new scheme – Hotel Association
27 August 2020
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Cypriots are ready to extend their holidays through September to November, after the Tourism Deputy Ministry announced better prices and partial funding for certain tourist accommodations, the Cyprus Hotels Association told the Cyprus Mail on Tuesday. For decades, locals were choosing to take their vacations starting from June to July with the favourite month for employees to take days off being August. But things are about to change after the Deputy Ministry of Tourism launched a Special Support Scheme for
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University of Cyprus among the best in the world
26 August 2020
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For the third consecutive year, the University of Cyprus was ranked in the # 601-700 best universities in the world in the Academic Ranking of World Universities (ARWU), also known as the Shanghai Ranking. The University of Cyprus is the first and only Cypriot university that manages to be included in the famous list of Shanghai among the 1,000 best universities in the world. The ARWU ranking, known as the Shanghai list, is considered one of the three most important
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Out with fuel refineries, in with towers in Larnaca
25 August 2020
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The area where the fuel refineries used to be in coastal Larnaca are to get revamped with buildings up to 15 floors and 68 meters high to come in, according to a recently-released “Area Plan”. This is what Philenews reported on Monday, adding that “encouraging the construction of a limited number of tall buildings which will be of a high architectural and quality level will function as landmarks and reference points”. Such buildings could be allowed in plots with a
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Cabinet approves incentive plan for Paralimni tourist development
22 August 2020
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Interior Minister Nicos Nouris said on Friday the cabinet approved an incentive plan for tourist development in the Paralimni area. After a cabinet meeting, Nouris said: “At today’s session, the cabinet has rectified a chronic injustice regarding the tourist zones.” He said considering that the local plan of Paralimni, Ayia Napa and Dherynia would be ready around July 2021, the government had proceeded to modify the incentive plan, so that the tourist developments in the specific areas, the tourist
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Wizz Air Announces New Larnaca-Bergen Route
21 August 2020
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Wizz Air announced new route from Larnaca to Bergen in Norway, proving its commitment to further develope its network in Cyprus. Passengers can already book tickets from as low as EUR 24.99/ / NOK 279 on www.wizzair.com or via the WIZZ mobile app. The new route brings more exciting travel opportunities for affordable travel from Larnaca, as well as continues to further stimulate Cyprus tourism and hospitality industries. Bergen is the second-largest city in Norway and the Gateway to
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Price of houses shows small increase
20 August 2020
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The housing price index (HPI) was up 1.8 per cent in the first quarter of this year, according to the Central Bank figures released on Wednesday. It was a smaller rise than in the last two quarters of 2019, when it rose by 2.8 per cent in the third and 2.2 per cent in the fourth, indicating a small downward trend. The Central Bank report said the modest rise of the HPI “owed to the decrease in
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Final building permit given for EuroAfrica Interconnector
20 August 2020
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Cyprus has issued the final building permit for the Egypt-Cyprus electricity interconnection EuroAfrica Interconnector, it was announced on Wednesday. EuroAfrica Interconnector is the official project developer of the Egypt-Cyprus electricity interconnection. The permit provides the green light for the construction of the HVDC converter station, for which Siemens has been chosen as the preferred constructor. The Cyprus Planning and Housing Bureau approved in November 2019 the planning permit for the HVDC converter station with a capacity of 2,000 MW, as
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Russia highlights relationship with Cyprus on 60th anniversary of establishing diplomatic ties
19 August 2020
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Russia marked 60 years of diplomatic relations with Cyprus on Tuesday with a post on the Nicosia embassy’s Facebook page, outlining the friendly relations between the two countries. The post says that on August 18, 1960, diplomatic relations were established between the then USSR and Cyprus. The official Cyprus independence day is August 16 but it is celebrated on October 1. The Russian embassy post said: “Relations were established after the exchange of government telegrams between the President of the
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Wizz Air to fly to Larnaca from Doncaster Sheffield Airport
14 August 2020
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Wizz Air said on Thursday it was setting up a new base at Doncaster Sheffield Airport, and that it would launch seven new routes from there including to Larnaca. The airline said that with the creation of a new base at Doncaster Sheffield Airport, it will launch new connections to destinations including the Spanish cities of Alicante and Malaga, Larnaca in Cyprus, Faro in Portugal, Lublin in Poland, Kosice in Slovakia and Suceava in Romania. Continue reading at source:
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Cypriots seeing lowest electricity bills in years
13 August 2020
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Cypriots are set to enjoy the lowest electricity bills in almost 20 years, as the price of oil has tanked and the electricity authority is further knocking 10 per cent off the bill. A household of four people, using 800 kilowatts – which is a considerable amount for such a unit – will come to €126 this August. Just two months ago, in June, the bill would have been €150. “If we compare a bill in August 2020 to
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Polis mayor ‘satisfied’ with visitor numbers
13 August 2020
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The mayor of Polis on Thursday expressed his satisfaction with the number of people visiting the area. The efforts by the municipality have brought results and Polis welcomes many tourists, mainly Cypriots but also foreigners, Giotis Papachristofi said. “We hope this will continue in the next days, and we expect even in September and October Cypriots will continue to visit Polis Chrysochous, which offers much beauty and clean and beautiful beaches.” Continue reading at source: Cyprus
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Cyprus Troodos copper and gold mining sees significant investment
12 August 2020
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Cyprus-based copper and gold miner Chesterfield Resources has raised £630,000 to move ahead with development of gold deposits that the company has located on its site in the Troodos mountains. The company, which is listed on the London Stock Exchange (LON: CHF), announced on July 27 the successful private placement of 12 million new ordinary shares, along with incentive options, to raise the funds. Continue reading at source: Cyprus
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Jet2 resuming flights to Cyprus from August 17
12 August 2020
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Jet2 is set to resume flights to Cyprus from August 17 as there is “clear demand” from the British market, the airline said on Tuesday. Steve Heapy, CEO of Jet2, said that: “We are delighted to be recommencing our flights and holidays programme to Cyprus from 17th August and looking at the demand it’s very clear just how much our customers are looking forward to their well-deserved holidays in the Cypriot sunshine. Continue reading at source: Cyprus
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Cyprus gains in Russia Double Tax Treaty agreement (Updated)
11 August 2020
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by Philippe Orphanides Cyprus and Russia have just agreed on an amendment of the double taxation treaty between the two countries, according to Cypriot Finance Minister Constantinos Petrides, cutting short the two-day negotiation agenda initially scheduled. The Cypriot side ensured, among other things, the exemption from a 15 per cent withholding tax on dividends for regulated entities, such as pension funds and insurance companies, as well as listed companies. In addition, interest payments from corporate and government bonds as well
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Upgrade of Cyprus-France relations expected says minister
10 August 2020
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After President Nicos Anastasiades’ visit to France an upgrade of the relations between the two countries is definitely expected, Defence Minister Charalambos Petrides said on Sunday. In statements at a memorial service for the fallen in battle in Tylliria in 1964 in Pachyammos he said some news and some plans are expected to be announced soon. Following the outbreak of intercommunal violence in December 1963, Turkish Cypriots had established a bridgehead at Kokkina in 1964, used to bring in arms,
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Cyprus to assist Lebanon with 5 million, opens up ports, airports and air base
10 August 2020
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President Anastasiades announced a 5 million euro assistance to Lebanon, following the August 4 deadly explosion and opened up the country’s ports and airports, as well as the ‘Andreas Papandreou’ air base to UNIFIL (UN peacekeeping force in Lebanon) and the international community. The President addressed an international donor video conference on Lebanon, following an initiative by the UN and French President Emanuel Macron. In a written statement, government spokesman Kyriakos Kousios said that during his conference address, President Anastasiades
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Ministry announces conclusion of international tender for Larnaca port and marina development
07 August 2020
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The Cyprus Ministry of Transport, Communications and Works announced on Monday the successful conclusion of the international tender for the development of the port and marina area of Larnaca. In its press release, the Ministry states that it has sent a ‘Successful Tenderer Letter’ to the consortium Eldeman Holding BV and Alexandrou Corporate Services Ltd, of Cypriot-Israeli interests. Continue reading at source:
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What you need to know if you are travelling to Cyprus
05 August 2020
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As part of the Government’s strategy for managing the corona virus pandemic, the safeguarding of Public Health and limiting the entry of Covid-19 incidents through gateways into the country, the Ministry of Health has been implementing a country categorisation system since May that changes according to the assessment of their epidemiological risk. Depending on what category the country they’re coming from is in, passengers must comply with specific measures, as follows: For passengers from Category A countries, nor a Covid-19
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Cyprus and Egypt reaffirm energy priorities
05 August 2020
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Cypriot and Egyptian priorities on energy issues were reaffirmed during a video conference between Energy Minister Natasa Pilides and her counterpart Tarek El Molla, it was announced on Tuesday. Speaking to CNA, Pilides said that the discussion on Monday was very constructive and focussed on issues related to the cooperation between the two countries. Pilides said that among others, issues related to Cyprus’ Aphrodite gas field and the acquisition of Noble Energy by Chevron were discussed, with the Egyptian Minister
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Completion and delivery of two additional photovoltaic parks
04 August 2020
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Two additional photovoltaic parks, with a total capacity of 2.5MW were completed and connected to the EAC national network, from L&T Sun Power Ltd. The two parks are part of a larger development program of photovoltaic parks of the company, aiming at producing energy from Renewable Energy Sources with a total capacity of 10MW. L&T Sun Power Ltd, combines the joint efforts and the common goal of the investors and company’s shareholders which are Justy Business Ltd of Dr.
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Cyprus gets EBRD and EU financing for natural gas
04 August 2020
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Cyprus’s dependency on oil for energy will be reduced after a €374 million landmark project introduces natural gas to the country for the first time. Cyprus will benefit from cleaner air and reduced energy costs thanks to the introduction of natural gas to the country, with a project jointly financed by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the European Union (EU). The EBRD is providing a €80 million loan to the Natural
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Coronavirus: revised list of countries for travel to Cyprus
04 August 2020
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The health ministry announced three amendments to the list of countries from which Cyprus accepts visitors on Tuesday which mean changes in categories for Greece, Thailand and Morocco. The changes will take effect on Thursday. Greece will move from category A to B, Thailand from category B to A and Morocco from B to C. “The categorisation of countries, based on epidemiological risk assessment, is extremely dynamic and can change at any time, as the pandemic evolves and epidemiological data
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Heatwave has hit Europe, including Cyprus
31 July 2020
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A heatwave has hit Europe, including Cyprus, and just as Athens and Madrid made wearing masks compulsory to prevent a surge in coronavirus infections. Temperatures soared across Europe, heading above 40 Celsius in places, and with meteorologists in Cyprus forecasting 43 C inland by noon on Friday. On Cyprus, the heatwave hit earlier this week, with temperatures already up in the 40s since Monday. Continue reading at source:
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University of Cyprus awarded Energy Globe Award 2020 for sustainability
29 July 2020
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The international environmental award Energy Globe Award 2020 for Cyprus was awarded to the energy sustainability research unit FOS of the University of Cyprus. The research team of the laboratory of photovoltaic technology and the research unit FOS participated in the international environmental competition with the European research programme SmartPV. The laboratory was awarded the International Environmental Award «Energy Globe 2020» for Cyprus by the International Jury Energy Globe, based in Austria. The Energy Globe Awards are the most well-known
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Tender for 5G network platforms in Cyprus launched
28 July 2020
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A public tender with a mandate to roll out 5G network platforms by 2025 covering at least 70% of the population of the Republic of Cyprus and all highways has been launched. This is what Philenews reported on Tuesday, adding that the permit process specifies that the tender will grant licences between the frequency spectrum available on the 700 MHz and 3.6 GHz bandwidths. And that the tender, announced by the Deputy Ministry of Research, Innovation and Digital Policy,
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Revised list of countries from which Cyprus accepts passengers made public
28 July 2020
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he Health Ministry on Tuesday announced the revised list of countries from which Cyprus accepts passengers. This will be in effect from Saturday, August 1. As already announced on Monday, the UK has been moved from category C to B, while Georgia now from category B to A. Also, Bulgaria and Algeria are now being moved from category B to C. The following countries are on Category A which lists those deemed safer compared to the rest as regards their
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UK passengers to Cyprus upgraded to Category B as from August 1
27 July 2020
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The Health Ministry on Monday announced that the United Kingdom is upgraded to Category B as from August 1, following an assessment of the countries’ Covid-19 risk. All passengers arriving from Category B countries are required to present a negative test result taken at least 72 hours before departure. And, regardless of nationality, they are required to apply for permission from https://cyprusflightpass.gov.cy/ within 24 hours prior to their departure for Cyprus. Continue reading at source:
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Chevron ‘remains interested’ in East Med after Noble buyout
26 July 2020
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Chevron and its latest acquisition, Noble Energy the concession holder for Cyprus’ Aphrodite field, reaffirmed their intention of continuing cooperation with the government, Energy Minister Natasa Pilides said on Saturday. The minister told the Cyprus News Agency, that after contacts with both companies, she received reassurances that nothing has changed after Noble’s buyout by Chevron as regards their interest in the eastern Mediterranean and their strategic plan regarding the utilisation of the various licences they have in the region. It
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Final building permit issued for EuroAsia Interconnector converter station
26 July 2020
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Cyprus is now one step closer to lifting its energy isolation after issuing the final building permit to EuroAsia Interconnector for the construction of the high voltage direct current (HVDC) converter station in Cyprus to connect its electricity networks with Greece and Israel. Energy Minister Natasa Pilides welcomed the development in a post on twitter, saying it was “an important development for Cyprus”. According to a press release by the project developer, the issue of the permit to Siemens is
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Cyprus-Switzerland amend taxation treaty in trade boost
23 July 2020
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Cyprus and Switzerland on Monday signed a protocol amending the Treaty for the avoidance of double taxation in a move both sides said will boost their trade ties while attracting investment. The Protocol signed by Finance Minister Constantinos Petrides and Swiss Ambassador Pierre-Yves Fux introduces the minimum standards of the OECD’s Base Erosion and Profit Shifting (BEPs) as well as provisions concerning benefit entitlement. Continue reading at source: Financial
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No new corona virus cases out of total of 2,465 tests
23 July 2020
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No new cases of corona virus were detected on Wednesday out of a total of 2,465 laboratory diagnostic tests carried out, according to the the Epidemiological Surveillance Unit of the Ministry of Health. In detail, the following laboratory diagnostic tests were carried out, without the detection of a case: 261 tests carried out with samples taken through private initiative. Continue reading at source:
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Visitors from 51 countries in Groups A, B and C as from 23 July
21 July 2020
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As of today, visitors from 51 countries can enter Cyprus after the Epidemiological Monitoring and Control of Infectious Diseases Unit of the Medical Services and the Public Health Services carried out a reassessment of the epidemiological risk regarding Covid-19. Published today July 20th, 2020, the list is made up of 22 countries in Group A that can enter Cyprus without a corona virus free certificate, 21 in Group B that require a certificate showing negative PCR of Covid-19 administered within
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Cyprus ready to welcome more tourists, all precautionary measures in place, Transport Minister says
20 July 2020
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Cyprus is ready to welcome more tourists taking all precautionary measures against Covid-19, Transport Minister Yiannis Karousos said on Sunday. Speaking to the press, the minister said that authorities are following all necessary protocols and procedures in order to reduce the risk of spreading the virus. He said that when the flights resumed and the airports opened, there were only a few flights and a few hundred passengers but now we have reached approximately 6,000 passengers on a daily basis.
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One of Europe's largest Lidl stores has opened
18 July 2020
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This week saw the grand opening of the 18th Lidl store in Cyprus, in Kapsalos, Limassol. The ribbon was cut by Limassol mayor Nicos Nicolaides, who said the opening should greatly improve choices for the residents of the area. The store, on Ayias Filaxeos Street, is one of the largest Lidl stores in Europe and is set to offer consumers a renewed experience of shopping in a modern environment. “The new ‘Metropol’ style store is situated in the heart of Limassol, a
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Wizz Air adds Larnaca-Bergen route to itinerary
18 July 2020
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Wizz Air has announced a new route from Larnaca to Bergen in Norway from August, with passengers already able to purchase tickets starting from €24.99. Bergen is the second-largest city in Norway, a convenient gateway to the country’s fjords, a Unesco World Heritage City and former European Capital of Culture back in 2000, Wizz Air said. On May 28, the airline announced that Larnaca airport would be its newest permanent base, creating around 100 new jobs in the process.
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EAC opens Smart Poles competition aiming to transform cities
17 July 2020
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The Electricity Authority has invited proposals for the acquisition of Smart Poles in Cyprus worth up to €3 million, Phileleleftheros reported on Friday. Smart Pole manufacturers participating in the competition will be asked to supply upcoming projects as part of a “Smart City” transformation. The Smart Poles will be offered to interested Municipalities to erect them at designated areas within their territory. Continue reading at source:
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Cyprus to set up agency to promote tertiary education sector
15 July 2020
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House President Demetris Syllouris met on Tuesday with Ministers and academia representatives to discuss the establishment of an agency to promote the tertiary education sector both in Cyprus and abroad. In statements to the press, Syllouris said the meeting took place after a consultation with President Nicos Anastasiades with a view to promote an initiative with a specific time frame that would lead to the establishment of an agency for the promotion of the Cyprus tertiary training both at home
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Grand Hyatt coming to Limassol
14 July 2020
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A Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel in Cyprus, Grand Hyatt Limassol. The 300-room luxury resort is expected to open in 2025 and signifies Hyatt’s continued growth into Europe’s leading travel destinations, the company said in a press release. The new-build 300 room beachfront resort will be situated at a Blue Flag beach east of Limassol and will feature a 43,000-square-foot (4,000-square-metre) beach club including premium spa and fitness
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Ministry updates travel list; Serbia in Group C
14 July 2020
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The Health Ministry on Tuesday issued a revised list of countries regarding their epidemiological risk as regards coronavirus for travel purposes, moving Serbia from Group B to Group C and Australia from Group A to Group B. The new list is effective as of July 16. The Ministry said that for the update it also took into account the recommendation of the European Council dated June 30 for the gradual and coordinated lifting of travel bans to the EU.
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Further easing of restrictions in force from today
13 July 2020
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The further easing of restrictions on gatherings and in the outdoor areas of catering establishments come into force from today, July 12, reflecting what the Health Ministry has described as the very good epidemiological indicators being recorded in Cyprus in recent weeks. The changes are as follows: 1. Maximum number of persons at social gatherings at home and/or in public spaces: The maximum number of persons allowed to attend social gatherings at home and/or in public places (physical presence in
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Wizz Air to launch Abu Dhabi flights in October
13 July 2020
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Wizz Air Abu Dhabi, announced on Monday a new route to Larnaca starting from October 3. The Abu Dhabi based airline, the newest national airline of the United Arab Emirates, said the flight to Larnaca from Abu Dhabi was a “highly anticipated route”. It is set to start on October 3, 2020. “I am delighted to announce Wizz Air Abu Dhabi’s new route connecting Larnaca with Abu Dhabi. We are excited to welcome our distinguished Cypriot passengers on board our
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Cyprus to enter the natural gas era, Defa chairman says
09 July 2020
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From Thursday when President Nicos Anastasiades lays the foundation stone for the construction of the Cyprus LNG import terminal project in Vasilikos, Cyprus will enter the natural gas era, Natural Gas Public Company chairman Symeon Kassianides said on Wednesday. The project with a total budget of €289 million is considered to be the largest energy project Cyprus and features an LNG floating storage and regasification unit (FSRU), a jetty, mooring facilities, a pipeline on the jetty and other onshore and
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Emirates SkyCargo expands network to Larnaca
08 July 2020
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Emirates SkyCargo will be operating scheduled cargo flights to 100 destinations across six continents during the month of July 2020, including Larnaca, Cyprus. Apart from Larnaca, the new cities added to the air cargo carrier’s network include Accra, Algiers, Athens, Fort Lauderdale, Glasgow, Los Angeles, Male, Moscow (SVO), Phnom Penh, Rome, Santiago, Sialkot and Tunis. According to a press release, Emirates SkyCargo’s network expansion is in response to the growing economic activity and demand for air cargo capacity from markets
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Visitors from 40 countries in Groups A and B as from today
07 July 2020
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As of today, visitors from 40 countries can enter Cyprus after the Epidemiological Monitoring and Control of Infectious Diseases Unit of the Medical Services and the Public Health Services carried out a reassessment of the epidemiological risk as regards Covid-19. Published late on Friday, the list is made up of 23 countries in Group A that can enter Cyprus without a coronavirus free certificate and 17 in Group B that require a certificate showing negative PCR of Covid-19. In the
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EU gives green light to Cyprus-Greece ferry link
06 July 2020
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The European Commission has given the green light to state support for a Cyprus-Greece ferry link, opening the way for a tender to launch the service, outgoing deputy shipping minister Natasa Pilides said on Monday. She said that the EC’s DG Competition had authorised a maximum of €6m annually in state aid for the planned ferry. Pilides was speaking at a press conference taking stock of her work as Cyprus’ first deputy minister for shipping since her appointment two and
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Property sales recover following lockdown easing
06 July 2020
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Property sales island-wide are back to February levels in June following the lockdown brought about by the Coronavirus outbreak, Insider reports. According to data from the Lands and Surveys Department, 1296 applications were submitted in June, nearly twice as many as May (626) and more than in February (1216). A total of 4859 applications have been submitted with the Department since the start of 2020. Continue reading at source:
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Ministry updates list of countries for travel to Cyprus – Israel in Category C
04 July 2020
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The Health Ministry on Friday issued a revised list of countries regarding their epidemiological risk as regards coronavirus for travel purposes, moving Israel from Category B to Category C. The new list is effective as of July 6. The Ministry said that for the update it also took into account the recommendation of the European Council dated June 30 for the gradual and coordinated lifting of travel bans to the EU. It was also announced earlier that given the improvement
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Ryanair launches seat sale to mark resumption of flights
04 July 2020
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To celebrate the resumption of flights from Cyprus on July 1, Ryanair has launched a seat sale with fares from just €19.99 one way for travel in August and September 2020, which must be booked by midnight Sunday on the ryanair.com website. The sale includes more than 20 routes to destinations in Europe, Ryanir’s Chiara Ravara said. “Since these amazing low prices will be snapped up quickly, customers should log onto www.ryanair.com and avoid missing out.”
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EU green lights Cyprus scheme to boost air connectivity
03 July 2020
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The European Commission has approved a €6.3 m incentives scheme to boost Cyprus’ air connectivity in the wake of the coronavirus pandemic. The decision was quickly welcomed by Transport Minister Yiannis Karousos who said that about 1.1 million passengers and some 60 airlines are expected to benefit from the scheme through to the end of the year. Subsidies will be paid out depending on their load factor. There is a maximum of €800,000 payment per airline. Continue
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President to meet scientific team on Friday, UK flights on the agenda
01 July 2020
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President, Nicos Anastasiades, will be meeting with the epidemiological team on Friday morning to assess the situation following further relaxation in restrictive measures. A source told the CNA that the meeting was taking place at a crucial moment as Cyprus has opened its airports and tourists are arriving from specific countries. The meeting will assess the situation and the resumption of flights as well as how the countries are categorised, according to their epidemiological data. Arrivals from the UK and
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July marks start of tourism engines
30 June 2020
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While in different times April marked the beginning of the summer season, this year it was pushed back by three months as the Coronavirus pandemic has destabilised the tourism sector in Cyprus as well as globally, Demetra Landou of Phileleftheros writes. One after another, countries have been announcing the reopening of their borders whilst publishing their procedures for welcoming tourists. Cyprus opened its airports 10 days prior to Greece and is gearing up for the coming months. Continue reading
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Wizz Air announces five new destinations from Larnaca
25 June 2020
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Wizz Air announced today the allocation of the third aircraft to its Larnaca base. The new Airbus A320 will join the fleet on August 1, 2020, enabling the start of five new routes from Larnaca to Paris Beauvais, Eindhoven, Prague, Gdansk and Heraklion as well as the increase of frequency of the airline’s existing Athens route. The new low fare routes are already on sale on wizzair.com and in the airline’s mobile app. Continue reading at source:
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Cyprus Tourism Minister expects to open to British tourists as of July 15
25 June 2020
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“We expect to allow British tourists to come to Cyprus as of July 15,” Cyprus Deputy Tourism Minister Savvas Perdios told the British newspaper Sun Online on Wednesday. “The UK is our biggest market, it’s massively important to us, and the situation there is improving all the time,” he said. “In a few weeks from now, by mid-July, flights will be possible from the UK to Cyprus … 15th July sounds very reasonable.” The UK was previously not on the list
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Deputy tourism ministry publishes full details of how to visit Cyprus for tourists
23 June 2020
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The deputy ministry for tourism published on Monday an updated version of the Covid-19 Destination Protocol that includes useful information for tourists and visitors. The protocol includes useful information for entering the Republic of Cyprus as well as the main points of the protocols for air transport, airports/ports, transport, accommodation in hotels/tourist accommodation, museums, parks, beaches, restaurants and information about coronavirus tests. Continue reading at source: Cyprus
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Deputy tourism ministry publishes full details of how to visit Cyprus for tourists
23 June 2020
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The deputy ministry for tourism published on Monday an updated version of the Covid-19 Destination Protocol that includes useful information for tourists and visitors. The protocol includes useful information for entering the Republic of Cyprus as well as the main points of the protocols for air transport, airports/ports, transport, accommodation in hotels/tourist accommodation, museums, parks, beaches, restaurants and information about coronavirus tests. Continue reading at source: Cyprus
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Deputy shipping minister visits Ayia Napa Marina
22 June 2020
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Deputy shipping minister, Natasa Pilides on Thursday visited Ayia Napa Marina flagship project, where she had the opportunity of a tour to the premises by the CEO of M.M. Makronisos Marina Ltd, Stavros Caramondanis. During her visit, emphasis was placed on the Marina, which after the trial period, is already commercially operational since the beginning of June and can host 600 yachts in wet and dry storage, while at the same time the yacht berthing and services are fully
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Crossing points reopened on Sunday, special conditions apply
22 June 2020
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The Republic of Cyprus put into effect on Sunday the decision taken last Friday to reopen the crossing points for Cypriot citizens and all those who legally reside in the Republic. The illegal regime in the occupied areas still allows only enclaved or Maronites to pass and has denied this morning two people to pass as their COVID-19 negative test was in Greek and not in English. Crossing of people is done under special conditions. As the Interior Ministry announced
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Ryanair: cheap fares to 8 destinations from Larnaca via Vienna
20 June 2020
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Ryanair has launched rescue fares starting from €19.99 on the Larnaca-Vienna route and eight other European destinations to accommodate customers affected by Level’s collapse, the Cyprus News Agency reports. These low rescue fares are on sale now on the Ryanair.com website, for travel until the end of October but must be booked by midnight Sunday (June 21). Table shows the routes, number of flights per week and starting price of fare Continue reading at source:
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Ministry issues new lists of countries for travel to Cyprus
20 June 2020
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A day before phase two of the opening of Cyprus’ airports, the Health Ministry has updated its lists of countries regarding their epidemiological risk as regards coronavirus — adding four countries to Group A and nine to Group B. In an announcement, it said that after the opening of the borders on June 9, the epidemiological situation of various countries as regards Covid-19 has been reassessed and additional countries have been added to the groups. Continue reading at source:
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Work starts on largest bus terminal in Cyprus
18 June 2020
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Work to construct the largest bus terminal in Cyprus got underway in Paphos old town on Wednesday, Paphos municipality announced. “One of the most important projects in Paphos, that of the largest bus terminal in Cyprus, to be built in the municipal parking lot Karavella, started today,” the municipality said in an announcement. The creation of a modern transport hub, with a budget of some 3 million euros, is part of the wider project to build a network of public
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Coronavirus: Around 7,000 passengers passed through airport in first week
18 June 2020
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There were 85 flights with around 7,000 passengers to and from Larnaca airport in the first week after it resumed operations on June 9, it emerged on Wednesday. According to Hermes Airport data reported by CNA, from June 9-15 there were 42 flights to Cyprus carrying 2,950 passengers and 43 flights departing with 4,039 passengers. Airports on the island were closed on March 21 as part of government measures to prevent the spread of the coronavirus. Though repatriation flights were
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Cyprus the highest climber in IMD 2020 World Competitiveness Ranking
17 June 2020
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Cyprus was the highest climber in the 2020 IMD World Competitiveness Rankings, marking an improvement in all four categories that make up the overall ranking. Cyprus finished in the 30th place in 63 countries, compared to 41 in the 2019 edition, marking an improvement of 11 places. “Cyprus registered the largest improvement in the ranking among the 63 countries under evaluation in 2020,” the University of Cyprus’ Economic Research Centre (ERC) which along with Cyprus Employers and Industrialists Federation acted as
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Two new linear parks planned for Paphos
17 June 2020
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A study to create two linear parks costing millions in the district of Paphos was presented by the mayor at a meeting on Monday evening. Mayor of Paphos Phedonas Phedonos described the project as one of the most important ever seen in the district for the municipalities and communities involved, and pointed out that the project covers the needs of 70,000 inhabitants. Phedonos said the construction plans are expected to be completed in around 30 days and the work will
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Cyprus Airways resumes commercial flights 22 hours ago
16 June 2020
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Cyprus Airways officially resumed operations with commercial flights to and from Greek destinations, implementing a series of health and safety measures. And in July, the airline plans to expand its schedule for this summer with flights to and from Zurich, Geneva and Tel Aviv. George Mavrocostas, Chief Operations Officer of Cyprus Airways said the company has quickly adjusted to the new status quo, maintaining the highest possible hygiene standards as per the recommendations by the International Air Transport Association (IATA)
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Economist Jeffrey Sachs praises Cyprus’s role in Eastern Mediterranean
16 June 2020
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Economist Jeffrey Sachs, Nobel Prize winner for his work on economic development, praises Cyprus for its role in developing the Eastern Mediterranean. “Cyprus plays a role in the effort for sustainable development,” the 65-year old American professor, whose advice was critical in the transformation of the nations of Eastern Europe after the Berlin Wall fell, told the Cyprus News Agency on Friday. “President Anastasiadis,” he says, “has stated that it is a priority for the region. He has taken the
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Interior Minister Nouris: Invest for Passport Programme is secure and strong
15 June 2020
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Interior minister says Cypriot investment programme is secure and strong By Andrew Rosenbaum Across Europe, 10 EU member states, including Cyprus, offer either residency or citizenship in exchange for investment. International organisations have long criticised these programmes, but the Cyprus government has not only addressed these criticisms in its new proposal, but also improved programme security and administration, as Interior Minister Nicos Nouris told the Sunday Mail. “Security is strongly improved,” Nouris said. “The candidates are carefully vetted when
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Cyprus Shipping Chamber praises renewal of shipping taxation system by House
15 June 2020
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The Cyprus Shipping Chamber (CSC) said the maritime industry will greatly benefit from the renewal of the shipping taxation system, which was unanimously approved by the House plenum on Wednesday. “The unanimous vote in parliament will ensure Cyprus has a prominent place in the shipping world for many years to come,” the CSC said. According to the CSC, the renewed shipping taxation system fully covers the three basic shipping activities that are offered today in international shipping: ship-owning, ship management
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Maximum of 75 guest indoors, 150 outdoors at catering establishments
11 June 2020
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The Health Ministry has revised the guidelines for the operation of catering establishments setting a maximum of 75 guests indoors and 150 outdoors. It said the change aims to safeguard public health and follows phenomena of non-compliance and correct implementation of the decrees and protocols at catering establishments. The rule that set a minimum of 3 square metres per person indoors and 2 square metres per person outdoors remains in force, however the ministry said that there is now a
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Deal for development of non-military land in SBAs
10 June 2020
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The UK Government and the Government of the Republic of Cyprus announced today the next important stage in the implementation of the bilateral Arrangement reached in 2014 on the regulation of non-military development in the Bases. Speaking at a signing ceremony at the Presidential Palace, President Nicos Anastasiades said this was a historic day for the inhabitants and property owners in the territory controlled by the British Authorities, as well as a tangible proof of the excellent relations between the
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Paralimni Marina set to launch this summer
06 June 2020
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Global real estate advisor Savills has been appointed as the master selling agent for Paralimni Marina, the new waterfront destination set to transform Cyprus. Launching this summer, Paralimni Marina will include 123 two – four-bedroom apartments and villas with interiors furnished by Armani/Casa, the legendary Italian design house. A promenade and park will provide the focal point of the community with a 300-berth marina and serviced yacht club, alongside cafes and restaurants from international and local brands. Residents will also have use
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Action plan on biodiversity approved by Cabinet, to be presented Friday
04 June 2020
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The strategy for biodiversity as well the progress achieved in the framework of the President of the Republic’s initiative for climate change will be presented on Friday, 5th June, World Environment Day at a ceremony at the Presidential Palace. The strategy as well as the action plan for biodiversity were approved on Wednesday by the Cabinet with the Minister of Agriculture, Rural Development and the Environment, Costas Kadis talking about “a landmark case”. Continue reading at source:
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Only handful of hotels to open by Kataklysmos long weekend
02 June 2020
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Only a handful of hotels will welcome guests during the coming long weekend (June 6-8, Kataklysmos), Demetra Landou reports for Phileleftheros. The traditional kataklysmos festivities have been cancelled this year under protocols to contain the spread of coronavirus while hoteliers are still waiting for developments regarding foreign visitors once airports reopen. Phileleftheros says that only two of 57 hotels in the Paphos district and a few in the free Famagusta area are opening in time for the weekend while those
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Airlines showing interest; Cyprus airports ready to open says minister
02 June 2020
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Larnaca and Paphos Airports are ready to reopen on June 9, and several airline companies have already notified authorities that they will be scheduling flights, Transport Minister Yiannis Karousos said on Monday without elaborating. The airports will open in two phases, June 9 and June 20. During phase one, all arrivals will required a certificate that they have tested negative for coronavirus. In phase two, arrivals from group A (13 of the 19 countries on the initial list) will not
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Cyprus-Greece electricity interconnection through Crete ready by December 2023
01 June 2020
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EuroAsia Interconnector, the official Project Developer of the European Project of Common Interest (PCI 3.10 Israel Cyprus Greece-Crete) warmly thanks the governments of Cyprus and Greece for their full political support. The official Project Developer has submitted to the ‘Connecting Europe Facility’ (CEF) for the implementation of the interconnection of Cyprus with Greece through Crete by December 2023. Continue reading at source:
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Gradual opening of checkpoints ‘reasonable arrangement’ says expert
01 June 2020
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From a scientific perspective, the gradual opening of the checkpoints on the Green Line is a ‘very reasonable arrangement’, one of the experts advising the government on the coronavirus situation in Cyprus told CNA on Sunday. Petros Karayiannis, a member of the team of scientific advisors on Covid-19, spoke to CNA ahead of tomorrow’s teleconference of the bicommunal technical committee on health. Five members of the team of advisors will also be taking part in the telecoference. Continue reading
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Additional relaxations in new Health Ministry decree
29 May 2020
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Pleasure boats and sea sports are back, under conditions, following a decree issued on Thursday by Health Minister Constantinos Ioannou, CNA reports. The new decree also allows horse racing meetings, but without spectators, from June 3. It also allows the arrival to Cyprus of individuals irrespective of nationality to implement public projects or for other professional obligations following approval of the relevant minister or undersecretary to the president to whom requests must be submitted. Such individuals must either bring a
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New measures on economy – full text of president’s speech
28 May 2020
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President Nicos Anastasiades on Wednesday day announced a new package of 10 measures to support employees and the economy. This is the full text of his televised address as released by the PIO: When in the previous months one address came after the other, regarding harsh measures for combating the pandemic, only one thing was on my mind during the hours of solitary reflection: when would I be able to give back the joy and hope to my fellow citizens.
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Paphos most booked holiday destination for Britons in April, May 2021
28 May 2020
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Paphos is the most booked destination for British holidaymakers in April and May next year, the Daily Mail reported on Wednesday citing data collected by TravelSupermarket. Costa Blanca and Orlando came in second and third respectively. It said that as a result of the coronavirus pandemic, April and May 2021 have become the most popular months for Britons to book overseas package holidays Continue reading at source:
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Ryanair says to resume flights to Cyprus on July 1
26 May 2020
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Ryanair said on Tuesday that it will offering daily flights to Cyprus from July 1. It also launched a seat sale for travel in July and August. In an announcement, the airline said it plans to operate 40% of its normal July flight schedule. It follows Spain’s decision to remove travel and visitor restrictions from 1 July, mirroring earlier plans announced by Italy, Cyprus, Greece, and Portugal to reopen their hotels and beaches for the key July-August family holiday season.
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Anti-litter campaign underway to protect Cyprus’ beaches
25 May 2020
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Saturday’s official post-lockdown reopening of the beaches coincided with the launch of a month-long campaign by the Cyprus Sustainable Tourism Initiative (CSTI). Supported by the Deputy Ministry of Tourism, the campaign “Our beaches, our treasures – Let’s protect them” aims to raise awareness among local people to stop littering the beaches and sea. Continue reading at source:
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Covid-19: A round-up of the latest developments in Cyprus
25 May 2020
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*Cyprus on Saturday recorded no new coronavirus cases for the first time since the start of the outbreak but eight new cases were reported on Sunday, of which seven were imported on Thursday. *Member of the committee of experts advising the government on Coronavirus Dr Leontios Kostrikis said on Monday that the crowding observed over the weekend in restaurants and public areas is troubling and dangerous. *Malta and Greece were among low-risk countries for visitors to Cyprus and Switzerland and the Czech Republic among higher risk
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Protaras beaches packed yday-people in line with measures
25 May 2020
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The Cyprus News Agency reported packed Protaras beaches yesterday, on the first day of their opening, despite previous reports that the weather forecast kept many people away. According to the CNA report, all beaches in the area were fully equipped with sunbeds and umbrellas, in line with protocol procedures, with the Paralimni municipality not charging for the beaches all weekend. Continue reading at source:
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Cabinet to decide on airports, hotels today
22 May 2020
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The Council of Ministers meets on Friday morning to decide on the opening of the airports and of hotels. The meeting is scheduled to start at 11.45 am. Presidential advisor, Victoras Papadopoulos told CyBC radio that cabinet will decide on three issues: Continue reading at source:
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Invest Cyprus: Cyprus remains a safe tourist destination
21 May 2020
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Speaking during an online discussion entitled Commonwealth Tourism During the COVID-19 Lockdown: Immediate Responses and Future Opportunities, Invest Cyprus CEO George Campanellas outlined the remarkable results that Cyprus achieved in tackling the pandemic, maintaining its reputation as a safe destination. The online discussion was organised by the Commonwealth Enterprise & Investment Council and was joined by an international audience, mainly from the Commonwealth Member States. The discussion featured, among others, Malta’s Tourism Minister, Hon Julia Farrugi, the former Maldives president,
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Some 2000 catering establishments reopen
21 May 2020
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Some 2000 of about 6000 licensed catering establishments are back in operation today, first day of phase two of the lockdown exit plan. Phytos Thrasyvoulou who chairs, Sikap, the association of catering establishments said that Nicosia has the highest number of establishments opening, followed by Limassol, Larnaca and Paphos, with the free Famagusta area in last place. Continue reading at source:
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Cabinet greenlights phase 2 of lockdown exit plan, beaches to open May 23
20 May 2020
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Phase two of the lockdown exit strategy will go ahead as planned on Thursday, with the government also bringing forward the opening of beaches to May 23. This was announced by government spokesman Kyriakos Koushos after a meeting on Tuesday of the Council of Ministers. He said that after taking into consideration the advice from the team of scientists, the Cabinet had decided to reconfirm the activation of phase two of the relaxation of restrictions, with some minor changes.
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32,000 to return to work
18 May 2020
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32,000 more people will go back to work this month within the framework of the gradual return to normality for the economy, Theano Thiopoulou of Phileleftheros reports. As of May 21, phase two of the easing of lockdown measures begins and SMS movement permission ends allowing citizens to move freely. Continue reading at source:
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Heat wave an ‘ally against coronavirus’, says expert
18 May 2020
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The heat wave gripping Cyprus — with temperatures 12 C above the average for the time of year — is an ally against the coronavirus, a member of the team of scientists advising the government on the Covid-19 outbreak told CNA on Monday. Professor Petros Karayiannis added that it was possible that in the next few days Cyprus may have no new positive cases or that these may be sporadic. “I think the heat wave is on our side. Because
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Cyprus Shipping Chamber praises renewal of shipping taxation system by House
15 May 2020
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The Cyprus Shipping Chamber (CSC) said the maritime industry will greatly benefit from the renewal of the shipping taxation system, which was unanimously approved by the House plenum on Wednesday. “The unanimous vote in parliament will ensure Cyprus has a prominent place in the shipping world for many years to come,” the CSC said. According to the CSC, the renewed shipping taxation system fully covers the three basic shipping activities that are offered today in international shipping: ship-owning, ship management
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Hellenic Bank sells its most expensive home
13 May 2020
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Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia. According to InBusinessNews, the most expensive home listed on the books at Hellenic Bank has been sold to foreign investors for €3,070,000. The residence was built approximately 8 years ago on a land area of 14,542 square metres in Lakatamia, a western suburb of Nicosia, and it contains a luxury residence of over 1000 square
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TUI CEO: Greece and Cyprus well-prepared for summer
12 May 2020
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Friedrich Joussen, the CEO of TUI GROUP said Greece, Cyprus, Croatia, Bulgaria, Spain, Austria and Denmark are among the destinations that are “well prepared” for the summer tourist season. “We have developed a health check for all tourist destinations and will only offer holidays in safe countries,” he said in an interview with BILD television, stressing that Germany must first open up its own borders. Continue reading at source:
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Transport Minister: ‘Action plan for flights ready in 15 days’
11 May 2020
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Transport Minister Yiannis Karousos said in an interview to Phileleftheros published on Saturday that the most important thing for his ministry is to restore Cyprus’ connectivity as it is fundamental for restarting the economy. He added that there have been no cutbacks in funding for public works due to the crisis but said that the timeline for implementation of projects in its pipeline is being challenged. Continue reading at source:
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Covid-19: A round-up of the latest developments in Cyprus
11 May 2020
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Final year secondary pupils in Lyceums and Technical schools resumed classes on Monday as part of the government’s plan for the gradual exit of the country from the Coronavirus lockout. Education Minister Prodromos Prodromou said that pupils showed up today by an overwhelming majority of 95%, noting that adherence to hygiene protocols is now a priority and any problems that arise will be tackled. Continue reading at source:
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Managers propose rules for operation of hotels
07 May 2020
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The Cyprus Hotel Managers Association has drawn up a detailed guide with proposals on how hotels should operate once allowed to reopen under the lockdown exit strategy, Demetra Landou reports for Phileleftheros. Tourism stakeholders will be submitting their proposals to the deputy tourism ministry which is preparing a protocol for the tourism sector more generally. Hotels and airports are set to open between June 9 and July 13, provided everything goes to plan. Continue reading at source:
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Study: When will Covid-19 end in Cyprus?
05 May 2020
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A Singapore University of Technology and Design study published on April 28 predicts the lifecycle of the Coronavirus pandemic in many countries, including Cyprus. According to the findings, the pandemic peaked in Cyprus on April 5, while the virus is reported to have left the community by a rate of 97% on April 29. The University predicts that by May 8 that percentage will reach 99% in Cyprus and will reach 100% on May 24. Continue reading at source:
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Investors keen to move ahead with Larnaca port marina project
05 May 2020
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Investors of the joint development plan for Larnaca Port and Marina have assured the town’s mayor that planning is continuing and that they wish for the agreement to be signed as quickly as possible. This was revealed in a statement by Larnaca Municipality which said Mayor Andreas Vyras had spoken by phone with the investors. The mayor assured them that with the public service back at work today with the easing of the lockdown he will personally contact the departments
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Cyprus shipping applauds its seafarers around the world
04 May 2020
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The Cyprus Shipping Chamber, through its Member-companies, participated in a global initiative, in view of Labor Day, sounding the horns of ships in Limassol port together with other ships in ports across the world, on 1 May 2020, at 12 noon local time. According to a press release, with this this gesture of solidarity, the International Shipping Community honored the “unseen heroes” of global trade, its seafarers, wanting to remind the general public around the world, that the 1.6
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Coronavirus: Cyprus eases into life with partial lockdown
04 May 2020
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The first phase of easing the restrictive measures imposed due to the coronavirus started on Monday. Restrictions on the construction sector are being lifted, while all retail businesses can reopen except those in shopping malls and department stores. Restaurants and playgrounds will also remain closed. Continue reading at source: Cyprus
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Health Minister: Airports, restaurants to reopen in June
01 May 2020
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Airports will reopen during part three of the lockout exit strategy in June, but in stages and under conditions, Health Minister Constantinos Ioannou said on Thursday. He was speaking at a press conference on the government’s lockdown exit strategy which starts with partial easing of the measures on May 4. President Nicos Anastasiades announced the first two stages during his televised address last night. Continue reading at source:
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Country gradually ‘restarts’ on Monday
29 April 2020
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The government is expected to gradually ‘restart’ the country this coming Monday, with the Council of Ministers scheduled to finalise today the way in which the gradual lifting of measures will begin at a Presidential Palace meeting kicking off at 11:30 am. According to Phileleftheros, from what became known so far, changes in citizens’ movements will not be particularly felt despite the fact that they will be allowed more outings per day as well as more locations to visit.
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Cyprus, Greece travel agents working on tourism exchanges
28 April 2020
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Cypriot and Greek travel agents will submit a joint proposal to the governments of the two countries to ‘exchange’ tourists as soon as conditions allow. According to the Cyprus News Agency, the Association of Cyprus Travel Agents (ACTA) and their Greek counterparts HATTA held a teleconference last Friday during which they agreed to submit a joint proposal to the respective governments to create a new tourism dogma. Continue reading at source:
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Scientists say ‘road open’ for gradual lifting of restrictions
27 April 2020
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Τhe Health Ministry’s epidemiological team today gave the green light for the gradual lifting of the lockdown in Cyprus, based on ‘credible, encouraging evidence’, said Dr Leontios Kostrikkis, member of the health ministry’s advisory team of scientists. Αfter announcing 7 new cases of coronavirus out of a total of 2415 diagnostic tests, raising the number to 817 (including 10 in the British Bases), Kostrikkis added that the ‘way is now set to go into the phase of the gradual lifting
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Four stages to gradual ending of lockdown
25 April 2020
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Restrictive measures in Cyprus are expected to be eased in four stages over two to three months, starting on May 4, the Cyprus News Agency said on Friday citing sources. Each phase will last about two weeks at which point the coronavirus situation will be evaluated by the experts. If the number of new cases rises, then restrictive measures will be reintroduced. Health Minister Constantinos Ioannou told CNA yesterday that there are specific indicators that will be used to monitor
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Cablenet stands by those who really need it
24 April 2020
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In the context of its Corporate Social Responsibility and fully comprehending the difficulties that some families may be facing, especially during this critical period, Cablenet is announcing that, effective immediately, it will offer free internet service to families that do not have broadband access at home. The above offer primarily aims to give internet access to these families’ children so that they can continue to enjoy the precious gift of knowledge in its current form following the actions of the Ministry of Education
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Cyprus reaps benefits of listening to its scientists on Covid-19 1 hour ago
24 April 2020
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By listening to its medical experts, Cyprus has managed to flatten the Covid-19 infection curve and keep the death rate low, President Nicos Anastasiades has told the Associated Press. In a written statement to the news agency, he said the infection curve is flattening, less than seven weeks after its first confirmed case, and the government is drafting plans to gradually lift restrictions. Continue reading at source:
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Cyprus has lowest rate of overcrowded homes in EU
22 April 2020
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Cyprus has the lowest share of the population living in overcrowded homes among EU member states — with only 2.5% not having enough rooms compared to the size of their household, according to figures published by Eurostat on Wednesday. The same figures show that seven in ten people in Cyprus live in under-occupied households. Eurostat’s figures show that This rate is particularly high for the elderly. Overall, Cyprus ranked second with 71.4% of the population living in under-crowded
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Coronavirus: president chairs meeting of Covid-19 task force
22 April 2020
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President Nicos Anastasiades was chairing a meeting of the scientific team of the health ministry and various ministers on the subject of the coronavirus on Wednesday morning. During the meeting, which began at 9.30am, the scientific team was expected to present a progress report to help the ministers decide on the gradual relaxation of restrictive measures. Continue reading at source: Cyprus
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Motorists reconsider electric vehicle switch in the wake of Covid-19
21 April 2020
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Government-enforced lockdowns around the world due to Covid-19 are without doubt making life difficult for many, but they are also having a dramatic, positive impact on people’s awareness of the benefits to the environment, according to a report by Venson Automotive Solutions on a survey carried out in the United Kingdom. 45% of people surveyed by Venson confirmed that the radical improvement in air pollution across the globe as a result of the demobilisation of transport, has made them reconsider
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Bank of Cyprus makes internet banking registration available online
17 April 2020
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The Bank of Cyprus has made 1Bank, its internet banking platform, available to all existing customers over the age of 18 without the need for an in-branch visit. Customers who wish to register for 1Bank services can do so by visiting the 1Bank page and clicking on the ‘register to 1bank’ button. The ability for 1Bank registration will also be introduced to the bank’s mobile application within the next few days. Continue reading at source: Cyprus
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Coronavirus: nine million masks coming in next 30 days for use by public
16 April 2020
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Health authorities announced on Thursday they would be taking delivery of nine million masks in the next 30 days, which could be distributed to the general population in an effort to stop the spread of the coronavirus. The masks will arrive in two batches at the end of April and mid-May, the health ministry said. More details will be announced at a later date. Continue reading at source: Cyprus
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Coronavirus: Anastasiades to chair meeting on possible relaxation of measures
16 April 2020
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President Nicos Anastasiades will meet the team advising the government on the coronavirus on April 22 to discuss the possibility of easing certain restrictions. He will then meet with leaders of political parties the next day on the same topic. Government spokesman Kyriacos Koushos stressed the meeting will not automatically mean a relaxation of the measures, but only the start of a discussion. Continue reading at source: Cyprus
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Karousos: 2000 repatriations every fortnight
15 April 2020
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Repatriations are picking up during Holy Week, with the aim of reaching a target of about 2000 Cypriots and legal residents every two weeks — on a par with the quarantine facilities available, Transport Minister Yiannis Karousos told CNA on Tuesday. He said that authorities have drawn up a plan of action, beginning with the UK and Greece. Most of those belonging to the vulnerable groups have already returned, and in the next 15 and 20 days, repatriations will be
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Coronavirus: mass testing well underway, Okypy says
13 April 2020
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The testing of 20,000 people by the end of the month, primarily healthcare workers and people in the private and public sector who come in contact with the public, is well underway, the state health service Okypy said on Monday. The testing, being carried out by private lab staff, began on Saturday in specially designated areas in each district where people could drive up and be swabbed. Almost 150 people were tested on Saturday. Continue reading at source: Cyprus
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Covid-19: A round-up of the latest developments in Cyprus
10 April 2020
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President Nicos Anastasiades extended the lockdown until April 30 in a televised address on Wednesday night saying there was a ‘ray of light’ that the measures were working. He also said the support package for employees and businesses through the Ministry of Labour’s schemes will continue until June 12 and, under specific criteria, for four months thereafter. Cyprus is also easing the repatriation criteria of citizens stranded abroad with the addition of four more categories who qualify. Continue reading at source:
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Cyprus' shipping strategy reduces US detention rates by more than half
10 April 2020
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Cyprus is no longer part of the Targeted Flag List of the United States Coastguard (USCG), the Cyprus Shipping Deputy Ministry (SDM) has announced. This relates to the safety performance of flag administrations. In 2019, the annual detention ratio of Cyprus ships was reduced to 0.55%, down from 1.79% in 2018, while the USCG’s overall 2019 figure was 1.12%. In essence, this may lead to fewer inspections for Cyprus vessels at US ports and adds to the flag’s status
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Bank of Cyprus donates tablet computers to Ministry of Education
08 April 2020
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The Bank of Cyprus, in conjunction with Public and Bionic, have donated 1000 tablet computers to the Ministry of Education. The devices will be distributed to disadvantaged children who are struggling to participate in the efforts being made to complete the school year through the use of online learning. Continue reading at source: Cyprus
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Ministerial Committee meets to evaluate coronavirus measures
06 April 2020
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A ministerial committee is underway chaired by President Nicos Anastasiades to evaluate measures aiming to curb the spread of coronavirus. Government Spokesman Kyriacos Koushos told CNA on Sunday that the meeting is expected assess the situation. Continue reading at source:
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Medical supplies, equipment airlifted to Cyprus
06 April 2020
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A special Aegean flight landed at Larnaca Airport on Saturday night bringing much needed medical equipment and supplies from China. The airplane landed a little after 8 pm and unloading started immediately. It brought 17 tons of medical equipment ordered by the Health Ministry — surgical masks and other protective personal equipment (PPE) such as gowns and glasses as well as 12 ventilators. Continue reading at source:
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Oslo-based company applies to bring LNG to Cyprus from 2021
03 April 2020
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An Oslo-based company has formally applied to bring liquefied natural gas (LNG) to Cyprus starting in the first half of 2021. In a press release, Höegh LNG Holdings Ltd said its subsidiary, Höegh LNG Ltd, has applied for an LNG infrastructure ownership, operations and development licence in Cyprus. Their proposal entails the use of a floating, regasification and storage unit (Fsru). “The plan consists of using one of Höegh LNG’s Fsru’s as a fast track solution for the required fuel
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Citizens make hundreds of face shields per day for Limassol Hospital
02 April 2020
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Citizens have turned their houses into small workshops to make face shields for the medical staff of Limassol Hospital using 3D printing technology, the CNA reports. Meanwhile, the emergency response team of the Ypsonas Municipality is also printing similar masks, contributing to the effort. The initiative kicked off 15 days ago via social media, where people came together offering their 3D printers, and companies joined the effort by providing the necessary materials. Continue reading at source:
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Expropriation of private land in Peyia to protect seals
01 April 2020
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Good news for the Mediterranean monk seal (Monachus monachus) as the Council of Ministers approved on Tuesday the expropriation of private property in the Sea Caves area in Peyia where the seal reproduces. According to the announcement, today’s decision is of great importance for the preservation of the small population of Monachus Monachus in Cyprus. The move was an initiative of Minister of Agriculture Costas Kadis and falls within Cyprus’ international obligations to effectively protect the species. Continue reading
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More than 95% of schools in Cyprus are applying remote learning programmes
01 April 2020
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More than 95% of the schools all over Cyprus are applying long distance learning programmes, Director of the Cyprus Pedagogical Institute Athena Michaelidou has told the Cyprus News Agency (CNA), adding that “we are coordinating with Europe and we see through our participation in networks to all European countries that they are at about the same level as we are.” Continue reading at source:
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Larnaca Municipality offers parking lots for drive through tests
30 March 2020
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Larnaca Municipality is making municipal car parks available free of charge to any private lab that can carry out drive through sample taking for coronavirus tests. It said those interested should contact telephones 24651088 and 24816579. Continue reading at source:
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Paphos hotels offer free accommodation to health professionals
27 March 2020
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Paphos hotels are offering free accommodation to health professionals from other towns. Thanos Michaelides, who chairs the Paphos branch of the Cyprus Hoteliers Association told the Cyprus News Agency that in recognition of the work of health professionals, hoteliers were offering free accommodation to those sent from other hospitals to bolster Paphos Hospital. Continue reading at source:
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Coronavirus: Five more discharged on Thursday, 20 month old girl tested negative
27 March 2020
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Five more patients were discharged on Thursday from the Famagusta referral hospital after they were declared Coronavirus-free, and a 20-month old girl from the British Bases that was admitted to Makarios Hospital in Nicosia with symptoms has tested negative. It was noted by Christina Yannaki, Permanent Secretary at the Ministry of Health that all people discharged from the Famagusta Hospital go into self-isolation at home for 14 days. Continue reading at source:
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Coronavirus: e-learning in state schools fully operational by Thursday
25 March 2020
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Education Minister Prodromos Prodromou said Tuesday e-learning in public schools would be fully operational by Thursday. Though distance learning is not considered teaching for exams, and exams will only include what is taught in the classroom by the end of the school year, this does not mean it is limited to what has been taught so far but e-learning will follow the curriculum where possible. Regarding the further organisation of the school year and exams, more will be announced later
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JCC: Now is the time for remote and online payments #staysafe
25 March 2020
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For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing. These same principles are guiding our response to the difficult challenge of the coronavirus epidemic (COVID-19). JCC has proactively initiated a multi-functional pandemic response plan across all of its operations to address the impact of COVID-19 and has taken all the necessary measures to ensure
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Paphos comes together over Covid-19
23 March 2020
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All across the Paphos region, local authorities as well as individuals and organisations have pledged to help in the coronavirus pandemic that is gripping Cyprus. “If anyone needs help in our area I want them to call me. I will visit them or find out what they need on the telephone. Maybe it’s shopping, medicine, or whatever they need,“ Giotis Papachristofi, the mayor of Polis, told the Sunday Mail. All necessary precautions will be taken before any visit, he added,
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Coronavirus: Post Office’s Quickpost for urgent packages abroad
23 March 2020
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The Postal Service’s Quickpost can be used to send medicine and other urgent items abroad, Transport Minister Yiannis Karousos reminded the public on Monday. In a message on Twitter, Karousos said that nearly all post offices have this service. The telephone centre is 80002000. Continue reading at source:
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Coronavirus: Supermarkets well stocked, operating smoothly
20 March 2020
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Supermarkets are well stocked and operations are back to normal after a rush on Thursday morning amid rumours, quickly denied by the government, that they may close. Andreas Hadjiadamou, chairman of the Association of Cyprus Supermarkets said that the situation had normalised from yesterday afternoon after assurances from the government that there were no plans to close them. He told the Cyprus News Agency that rumours on Thursday morning has sparked a rush, but the situation was back to normal
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Coronavirus: A round-up of the latest developments in Cyprus
20 March 2020
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Another nine people tested positive last night in the Republic of Cyprus, including a doctor and a nurse, raising the number to 67, and another 13 in the occupied areas bringing the total to 33. The A&E departments of Limassol and Paphos Hospitals have suspended operations for 72 hours. The Labour Ministry issued FAQ regarding the emergency support package and a hotline to launch on Monday. In good news, two patients that had been found positive to Covid-19 and were being treated at Famagusta Hospital tested negative to the virus on
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Apollonion hospital offers its services
19 March 2020
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The Apollonion private hospital has offered help in the fight against the coronavirus, health minister Constantinos Ioannou has announced. In a message on Twitter, the minister said chairman of the board of directors Christos Pouris had informed him that the hospital is at the ministry’s disposal. Continue reading at source: Cyprus
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Lidl Cyprus stores to open only for elderly each morning
19 March 2020
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Lidl Cyprus will on Thursday launch a priority shopping time for consumers over the age of 65 as well as people with disabilities, who will be the only ones allowed in during the stores’ first hours. This initiative will start on Thursday and run daily from 7am to 10am and on Sunday from 8am to 10am in all 17 Lidl stores in Cyprus. Consumers are requested to follow the instructions of staff members at store entrances. Continue reading at
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Coronavirus: Price cap on masks and antiseptics until April 30
18 March 2020
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The government has issued a decree capping the wholesale and retail price of antiseptics, antibacterial products and masks to counter any price-gouging. The order is in force from 6pm Wednesday until April 30 inclusive. It sets out in two columns a maximum price for wholesale and retail. Continue reading at source: Cyprus
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Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups
17 March 2020
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Measures to support employment, workers and vulnerable groups of the population from the effects of the coronavirus protection measures, which are expected to cost an estimated € 159m, have been announced by the Minister of Labour, Welfare and Social Insurance Zeta Emilianidou on Sunday.The measures including granting leave to workers in the private sector who have to stay home ot take care of their children, unemployment to workers where the companies suspended operations or they will suffer a 25%
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Cyprus Government: €700 Mn To Counteract Coronavirus Repercussions
17 March 2020
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Cyprus announced a financial support package of € 700m, equivalent to 3% of the GDP which includes a series of measures, covering health, finance and labour issues valid from 16 March until the end of April, in an effort to relieve citizens from the repercussions of the coronavirus outbreak. Speaking after a marathon cabinet meeting on Sunday, President of the Republic Nicos Anastasiades, flanked by his ministers of Finance, Health and Labour announced a further 100 million euro for the
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Ancala Partners Acquires 82MW Orites Wind Farm In Cyprus
13 March 2020
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Ancala Partners has paid an undisclosed amount to buy the largest wind farm in Cyprus, IPE Real Assets reports. The infrastructure investment manager said funds it manages have bought the 82MW Orites wind farm developed by Platina Energy Partners and a local entrepreneur. The Oriteswind farm, which cost around €170m to develop, has been operational since 2011. It comprises 41 Vestas V90-2MW wind turbines and produces around 5% of Cyprus’s entire electricity generation capacity. Continue reading at source: Gold
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Ayia Napa Marina Nearing Completion
11 March 2020
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The flagship Ayia Napa Marina project is now in the final phase of its construction, gearing up to the start of operations, with the main infrastructure building works nearing completion. This marks a milestone for the iconic project, promoting development and projecting the power of Cypriot entrepreneurship, which will, upon completion, contribute significantly to showcasing Cyprus’ high tourism profile. Administration offices, buildings housing government services (port, police, customs, medical services, veterinary services), maintenance facilities, as well as boat storage, have
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Nikos Christodoulides To Travel to Austria For Official Visit
10 March 2020
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Foreign Minister Nikos Christodoulides will hold a meeting with his Austrian counterpart Alexander Schallenberg in Vienna in March, on the sidelines of the Cyprus’ President official visit to Austria, the CNA reports. According to a statement issued by the ministry, the two ministers are expected to review, inter alia, the course of bilateral relations between Cyprus and Austria looking at possible ways to enhance co-operation in various fields. They will also exchange views on current regional, European and international issues of
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Anastasiades to meet Prince Charles privately on March 19
09 March 2020
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President Nicos Anastasiades will meet with the Prince of Wales who will be on the island for a visit later in the month with the Duchess of Cornwall According to a written statement from the president’s office, Anastasiades will receive Prince Charles at the presidential palace on March 19 where they will have a tete-a-tete meeting. Charles and Camilla will visit the island from Wednesday March 18 to Saturday March 21. Continue reading at source: Cyprus
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Positive messages for tourism, despite slowdown due to coronavirus
06 March 2020
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Cyprus’ tourism sector is experiencing a slowdown due to the coronavirus developments, Tourism Deputy Minister Savvas Perdios has told CNA, noting however that during his visit in Berlin this week he has received positive messages as regards the summer season, since no airline or tour operator has cancelled any of its scheduled flights or holiday packages based on developments so far. Replying to CNA questions, Perdios, who is still in the German capital, said that the Deputy Ministry’s goal is
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Cyprus-Greece ferry connection to be approved by end of March says Deputy Shipping Minister
05 March 2020
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Deputy Shipping Minister, Natasa Pilides expects a ferry connection between Cyprus and Greece to be approved by the Directorate-General for Competition of the European Commission by the end of March. She added that soon after EU approval, the Ministry will be ready to proceed with an open tender. Speaking during a press conference where the annual report for 2019 of the Deputy Ministry of Shipping was presented, Pilides said that she had contacts with EU officials two weeks ago, who
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1st Cyprus Workshop for the future of the Investment Programme by the Investment Migration Council
04 March 2020
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The Investment Migration Council (IMC) organises the 1st Cyprus Workshop entitled “Looking Ahead – the Future of the Cyprus Investment Programme” that will take place on the 5th of March at Amathus Beach Hotel, Limassol. The IMC is the worldwide association for investor migration and citizenship-by-investment, representing leading stakeholders in the field. Based in Geneva, with representation in New York, London, the Caribbean and Hong Kong, the IMC, a non-profit organisation, helps to enhance public understanding in this area, promotes education and
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More scheduled flights to Paphos International Airport for summer 2020
27 February 2020
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Paphos International Airport (PFO), located just 6 km from the city of Paphos and adjacent to the coast, provides access to popular Sea Resorts in areas such as Kato Paphos, Coral Bay, Latchi, Pissouri, Limassol and the Mountain Resorts of Platres and Troodos. With the new terminal and its modern facilities, amenities and services, the nearly completed, new four lane road linking the airport and Paphos’ tourist area, as well as the direct bus service from all the towns, it
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Prince Charles and Duchess of Cornwall to pay official visit to Cyprus
26 February 2020
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The Prince of Wales and the Duchess of Cornwall will pay an official visit to the Republic of Cyprus from Wednesday, March 18 to Saturday March 21, the British High Commission announced on Tuesday. This will be the first royal visit since Queen Elizabeth ll visited in 1993 for the Commonwealth Heads of Governments Meeting, and takes place in the 60th anniversary year of Cyprus’ independence. “The programme will celebrate the historic ties between the United Kingdom and Cyprus and their
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Law regulating self-catering accommodation rentals in Cyprus finally enacted
24 February 2020
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On Friday January 17, the House of Representatives passed a new law, N. 9(I)/2020 (also “the Law”), regulating the registration and operation of self-catering accommodation, which was subsequently published in the government’s Official Gazette on February 7, 2020. The Law is directed at operators currently utilising online platforms such as Airbnb and Booking.com and it was passed by an overwhelming majority of 52 MPs in favour and two MPs against. Under its provisions, owners of self-catering accommodation will
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Crystal Springs Beach Hotel Tops HolidayCheck Cyprus Hotels
18 February 2020
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The top 10 Cyprus hotel winners of the ‘HolidayCheck Awards 2020’ have been announced with the Crystal Springs Beach Hotel in Protaras taking the top spot followed by Aldiana Club Zyphern in Larnaca region. The annual awards are based on nearly one million guest reviews on the German-owned online travel portal, along with strict selection criteria. Only the top 10 hotels in each country or region make the list. For 2020, a total of 732 hotels in 38 countries have
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New multi-storey development at the entrance of Nicosia
13 February 2020
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Cyfield plans a twin development called “Central” at the entrance of Nicosia, specifically at Strovolos industrial area near the Christos Steliou Ioannou Foundation. ‘Central’ will consist of two high-rise buildings – Building A and Building B – providing primarily office space. A joint underground parking will have a lot more spaces than the number required by law, as well as plenty of storage room. Continue reading at source:
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Paphos Maintains its Position as the Most Popular Spot for Overseas Buyers and Investors in 2020
13 February 2020
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Paphos is in the lead for January 2020, as the most popular region for overseas buyers and investors for Europeans and Non-Europeans by 34.8% in comparison to Limassol which follows with 25.2%. Larnaca is 3rd with 24.8% followed by Famagusta with 12.3 % and lastly Nicosia with just 5.9%. Mr. Sakis Hadjialexandrou, Leptos’ Group Marketing Director stated that, “The area of Paphos is once again becoming the new attraction for European and Non-European buyers
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Fly Emirates To Dubai From Cyprus And Get A Free Ticket To La Perle
12 February 2020
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Emirates, the world’s largest international airline, is offering Cypriot travellers special fares to Dubai as well as a complimentary ticket to La Perle - a show that takes entertainment to a new level. Fares in Economy Class start from €514 for travel between the 13th of February and the 31st of March 2020 and fares in Business Class start from €2399 for travel between the 15th of February and the 31st of March 2020. The offer is valid for tickets booked until
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Randi Zuckerberg, Creator of Facebook Live, is coming to Cyprus for the 1st time
11 February 2020
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An entrepreneur, investor, bestselling author, and Emmy-nominated tech media personality, Randi Zuckerberg is coming for the first time to our island in the context of Reflect Festival. Randi, sister of Facebook Founder Mark Zuckerberg, was an early employee at Facebook, where she is best known for creating Facebook Live, now used by more than a billion people around the world. She is the founder and CEO of Zuckerberg Media, with the mission of supporting current and future entrepreneurs through investment, mentorship,
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The Department of Environment gives green light for Paralimni Marina
06 February 2020
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The Department of Environment gave the green light yesterday to the construction and operation of the Paralimni Marina, Phileleftheros reports. In a letter sent by the environment department to the Town Planning and Housing Department, it is noted that should a planning permit be granted for the project, the latter should communicate it to the environmental authority so that it can monitor the aspects concerning it. In addition, it is emphasised that should planning permission be obtained, the company in
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Nicosia And London Reassure That Everyday Life Of Citizens Will Not Be Affected After Brexit
04 February 2020
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Nicosia and London have reassured each other that the everyday life of Britons living in Cyprus and Cypriots living in the UK will not be affected after Brexit, during a meeting which Cyprus President Nicos Anastasiades and UK High Commissioner Stephen Lillie had on Monday at the Presidential Palace, the CNA reported. In statements to the media after the meeting, Government Spokesman, Kyriakos Koushos, said that Anastasiades and Lillie discussed issues concerning Brexit that are related to Cyprus, as well
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Cyprus re-registers halloumi trademark in UK
03 February 2020
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Cyprus has won back the halloumi trademark in the UK, more than 18 months after it lost it because of a blunder by Commerce Ministry officials. Commerce Minister Yiorgos Lakkotrypis confirmed the good news — first reported by Sigma TV last night — telling CyBC that Cyprus had reapplied to register the trade mark which it lost in May 2018. On January 31, it was notified that halloumi had been registered by the British Intellectual Property Office, the minister
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Brexit opens new chapter in UK-Cyprus relations, High Commissioner says
03 February 2020
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The UK’s departure from the EU on January 31, opens a new chapter in Britain’s history, British High Commissioner Stephen Lillie said on Monday after a meeting with President Nicos Anastasiades in Nicosia. The UK, Lillie added, appreciates the links, relations and common interests with the EU and he assured Anastasiades of London’s continued commitment to maintain “a strong, broad and deep relationship with Cyprus” on the basis of shared values, shared history, the Commonwealth, as well as the large
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Cyprus & Lebanon begin preparations for first Trilateral Summit
31 January 2020
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Cyprus Foreign Minister Nicos Christodoulides announced on Friday that Cyprus and Lebanon have started preparations for the first Trilateral Summit at the level of Heads of State / Government, to be held in Nicosia in the spring. At the same time, he said Cyprus will always be a strong supporter of Lebanon’s stability, sovereignty, security and prosperity. In remarks after his meeting with Minister of Foreign Affairs and Emigrants of the Lebanese Republic, Nassif Hitti, Christodoulides expressed sincere appreciation for
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MarineFields Holding wins the SMART4SEA E-Navigation Award
31 January 2020
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MarineFields Holding is a Cyprus based company led by industry experts and their mission is to provide instant data sharing between all connected actors. MarineFields won the SMART4SEA E-Navigation Award for its innovative platform Perseus. In an era of digitalization & connectivity MarineFields aims to provide one interface for instant data sharing between all connected actors, enhance digital collaboration between shipping companies, ports & terminals. Continue reading at source: Cyprus
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Strovolos Municipality receives Cyprus Green City Award
29 January 2020
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Strovolos Municipality has received a Cyprus Green City Award for the third consecutive year for its “Rational Management of Water Resources” project. The awards are presented annually by the government to Cypriot municipalities and communities for their collective action in the protection of the environment. According to a municipality statement, the project relates to their effort to protect water resources and save water, in line with the 17 UN sustainable development targets. Continue reading at source:
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Berengaria buyer may have been found
17 January 2020
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A buyer may have been found for the abandoned and derelict Berengaria hotel in Prodromos. Press reports claimed an agreement had been reached between the owner of the property, Gordian Holdings, investors and Limassol-based real estate developer Planetvision who want to renovate the hotel. Planetvision did not confirm details regarding the deal, but a website claiming to be the “official page” Berengaria Hotel, Cyprus, had a post saying renovation work was planned. “Berengaria Hotel. Caution! The entrance inside is strictly
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US and Cyprus pushing ahead with coveted visa waivers for Cypriots
15 January 2020
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Cypriot and US officials decided on Tuesday to set up a working group to expedite the Republic’s longstanding bid to join the United States’ Visa Waiver Programme (VWP). The decision was taken during talks in Nicosia between visiting Assistant US Secretary of State for Consular Affairs Carl Risch and Foreign Minister Nicos Christodoulides, Interior Minister Nicos Nouris and Justice Minister Giorgos Savvides. In a statement later, the foreign ministry said a working group comprising functionaries from the two countries will
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Limassol-Piraeus ferry ticket to cost €130 return
15 January 2020
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A return ticket by ferry from Limassol to Piraeus will cost about €130 per person without a car, deputy shipping minister Natasa Pilides said on Tuesday. She was briefing the House Transport Committee on efforts to relaunch a ferry link between Cyprus and Greece some 20 years after it was suspended. The target remains for the service to launch this summer, she added. Continue reading at source:
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Paphos 10th Best Value Destination for UK Travellers in Post Office Barometer
14 January 2020
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Paphos has been ranked 10th best value for money destination for UK travellers in an annual report released by the Post Office Travel Money’s Worldwide Holiday Costs Barometer featured in British newspapers on Saturday. It ranked ninth in last year’s report. The Post Office barometer monitors the price of eight tourist items – comprising dinner for two with a bottle of wine, a range of soft and alcoholic drinks, sun cream and insect repellent in 42 cities worldwide. Overall, it
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Paphos Remains the Champion in Sales to Overseas Property Buyers and Investors in 2019
14 January 2020
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The area of Paphos, one of the most beautiful regions in the Mediterranean, the mythical birthplace of Aphrodite the Goddess of Love and Beauty, has once again come out on top for attracting the majority of European and Non-European buyers and entrepreneurs for 2019. The cosmopolitan town of Paphos and the entire picturesque province is the safest and most secure area on the Island, where one can live, work and holiday. Paphos had the lead in purchase contracts to overseas
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Christos Zannetou new Ayia Napa mayor
13 January 2020
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Christos Zannetou was elected Ayia Napa mayor on Sunday with 59 per cent of the votes in his favour. Zannetou, who served as deputy mayor, received 1,508 votes and was up against municipal councillor Emilia Evangelou Xydia who had 1,059 votes in her favour, 41 per cent. A total of 78 per cent of people went to cast their vote. In Ayia Napa, there were 3,334 voters who were eligible to vote, of which 2,687 where Cypriot citizens and 647
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Costas Kadis: Cyprus Pledges to Meet the Objectives of The EU Green New Deal
20 December 2019
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"As Cyprus, we have today pledged to contribute to the realization of the objectives of the Green New Deal", which was "also expressed by the President of the Republic himself at the European Council on December the 12th, when the matter was brought before the European leaders", the Minister of Agriculture, Natural Resources and Environment Costas Kadis stated today, following the EU Environment Council, the last under the Finnish Presidency and this year. As the Minister noted, "during the Council,
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Cyprus praised for efforts in tackling CO2 shipping emissions
19 December 2019
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The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping research and development (R&D) programme to help eliminate CO2 emissions from international shipping, according to a statement released by the International Chamber of Shipping (ICS). The proposal includes core funding from shipping companies across the world of about €4.5 billion over a 10-year period. The aim is to accelerate the development of commercially viable zero-carbon emission ships by the early 2030s. Continue
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Charm offensive planned to attract third age tourists
18 December 2019
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Cyprus is working on a charm offensive to attract higher income third age tourists, Phileleftheros reported on Tuesday. It said that deputy tourism minister Savvas Perdios will present the national tourism strategy next month, setting out the specific timelines and actions to be taken in the next decade. The strategy will include proposals made by Spanish consultants and tourism stakeholders. Continue reading at source:
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Larnaca shares third place in LivCom Awards
17 December 2019
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Larnaca has been awarded third place in the “The International Awards for Livable Communities 2019” (The LivCom Awards), that were held in Rome last week. More than 120 cities from around the world took part of which 22 qualified for the finals in Rome. Cities that made it to the finals include Lisbon, Vienna, Bergen, Beijing and Tirana, the municipality said in a written announcement. Continue reading at source:
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€17m for Natura 2000 in large-scale collaboration of public, private sectors
17 December 2019
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The European Commission has approved a €17 million budget for research and administration of the Natura 2000 areas in Cyprus, Phileleftheros reports. The project will be funded through the EU’s LIFE+ programme and will have a life span of 10 years, with 60% of the funding to come from Europe. It is said to be the most ambitious project won by Cyprus during LIFE+’s 27-year history. The application process was managed by a consortium of authorities and professionals comprising the Department
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The Shipping Deputy Minister, Natasa Pilidou at Lloyd's list
16 December 2019
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Following the example set by the International Maritime Organization with this year’s Maritime Theme of “Empowering Women in the Maritime Community”, Lloyd’s List felt it was important that the Top 100 project as a whole reflected more of the influential women steering companies, bodies and associations through these turbulent times in shipping. Before unveiling those, who made it into the full Lloyd’s List Top 100 most influential people in shipping ranking, they highlighted the 10 influential women in shipping who
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Cyprus signs bilateral air services agreements with eight countries
12 December 2019
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Cyprus has signed bilateral air services agreements with eight countries as part of plans to increase the island’s air connectivity, the transport ministry announced on Wednesday. According to the ministry, during the ICAO Air Services Negotiations Conference held last week in Aqaba, Jordan, Cyprus signed Memorandums of Understanding with Chile, Jamaica, Colombia, Rwanda, Seychelles, the Bahamas, Korea and Kenya. Consultations are also underway with Bangladesh for a similar agreement. Continue reading at source: Cyprus
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Parliament Votes Cyprus State Budget for 2020
12 December 2019
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The House of Representatives plenary voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against, the CNA reported. MPs also voted a series of amendments placing restrictions on certain provisions of the budget, which means the government will have to get the approval of the parliamentary committee of financial and budgetary affairs before it goes ahead with disbursing those funds. The budget includes a total income of €9,999.7 million compared to €9,090.
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Cyprus Israel to promote joint tourism packages in US Russia and Germany
26 October 2019
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Cyprus and Israel have reached an agreement to promote joint packages for tourists as of 2020, initially from the US, Russia and Germany.The agreement was reached between a delegation from Cyprus’ Deputy Ministry of Tourism headed by Deputy Minister Savvas Perdios and an Israeli delegation headed by Israel’s Tourism Ministry Director-General Amir Halevi during a meeting in Nicosia on Friday. Continue reading at source:
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Saudi Arabia opens its doors to Cypriot tourists
25 October 2019
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Saudi Arabia has opened its doors to Cypriot tourists and another 48 nationalities through the the online e-visa system presented this month in Nicosia by the embassy with Cyprus’ deputy minister for tourism Savvas Perdios being the first Cypriot recipient.During a news conference on October 17 at the Landmark Hotel, the five UNESCO World Heritage Sites located in Saudi Arabia were presented, and the means of easily getting to see them through the e-visa programme.Visitors can apply online
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New routes and more than 300,000 seats added to the winter season’s flight schedule
25 October 2019
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A 9% increase compared to the 2018-2019 winter tourism seasonThere will be an increase of over 300,000 seats (or 9%) in this winter’s flight schedule compared with the same season of 2018-2019, Hermes Airports announces. The winter flight season commences on 27 October 2019 and ends on 28 March 2020.This increase has resulted from the addition of new routes to and from Larnaka & Pafos International Airports, as well as the introduction of additional flights and seats to existing
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Open University participates in important Med climate conference
24 October 2019
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Aiming to strengthen regional cooperation in the Euro-Mediterranean region, the fourth regional forum of the union for the Mediterranean: ‘Paving the way forward’ was held on October 10 in Spain, with the participation of well-known scientists and in the presence of 43 ministers of foreign affairs from the broader Mediterranean region.Participants in the regional forum discussed the first scientific report on the pressing issue of climate change and its impact on the Mediterranean ecosystems, prepared by the Mediterranean Scientific
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ONE Enters its Final Construction Phase: An Exemplar of Expertise From Pafilia for Educational Institutions
24 October 2019
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ONE’s is at its final construction phase, as the works on the superstructure of the building has been successfully completed. ONE, Europe's tallest residential beachfront building, now reaches 153 meters high and soon, works on site for the installation of the impressive 17-meter height crown structure, is expected to begin.Works on the outer shell, glazing and aluminium shades of the building, is progressing intensively. The obvious progress formulates the perfect architectural design and aesthetics that the façade of the
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Blue Air to extend its routes
16 October 2019
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Blue Air launches its winter flight program with Athens, Thessaloniki and Bucharest, which runs from October 27, 2019 until March 2020.Blue Air will operate 13 weekly flights to Athens, 6 flights to Thessaloniki and 6 flights to Bucharest. Continue reading at source: Cyprus
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Emirates Offers Special Fares to Dubai with Complimentary Day Pass
14 October 2019
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Emirates, the world’s largest international airline, has launched special fares to Dubai for Cypriot travelers. Each ticket will also include a complimentary day pass to Atlantis Aquaventure & The Lost Chambers aquarium– one of Dubai’s most popular touristic attractions.Atlantis Aquaventure is more than just a water park with its record-breaking water slides over 17 hectares of fun. Located at Atlantis the Palm, it’s a true attraction with its 1.2 kilometers of pristine beach and a stunning view of
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Irish president begins official visit
14 October 2019
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Irish President Michael Higgins was given an official welcome at the presidential palace in Nicosia on Monday at the start of his visit to the island, which ends on Tuesday.During talks, President Nicos Anastasiadis was expected to raise the issue of Turkey’s violations of Cyprus’ exclusive economic zone (EEZ).He was also briefing Higgins on the Cyprus issue.They were also expected to discuss Cyprus-Ireland bilateral relations, developments in the EU, and in particular, Brexit, migration and climate change.
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President of Ireland to pay state visit to Cyprus on October 13-16
09 October 2019
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President of Ireland Michael Higgings will pay a state visit to Cyprus from October 13 to 16 at the invitation of President Nicos Anastasiades. This is the first state visit to Cyprus by a President of Ireland since 2006.Cyprus Government Spokesman Prodromos Prodromou told the Cyprus News Agency (CNA) that during the talks that will take place at the Presidential Palace, President Anastasiades will raise the issue of Turkey`s provocations and illegal interventions in Cyprus’ Exclusive Economic Zone (EEZ)
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The Cyprus Securities and Exchange Commission Participates in World Investor Week
05 October 2019
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The dynamic development of capital markets in Europe, resulting from the companies’ increased need for alternative funding sources, as well as the technological advancements that consistently produce new financial products and services, have created an environment that offers opportunities for the investors and supervising Authorities, but at the same time presents risks. In this context, it is all the more necessary to continue educating the investing public. To this end, the International Organization of Securities Commissions (IOSCO) has been organizing
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US president sends congratulatory message for Cyprus' independence day
03 October 2019
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US President Donald Trump has sent President Nicos Anastasiades a congratulatory message on the occasion of the Anniversary of the Independence of the Republic of Cyprus.In his message, President Trump said: “On behalf of the United States of America, I send my warmest congratulations this October 1 to the people of the Republic of Cyprus as you celebrate the 59 th anniversary of your nation’s independence. Continue reading at source:
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Three new regeneration projects planned for Paphos
25 September 2019
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Three new regeneration projects which will create more pedestrian areas in Paphos will be presented to the public at an open meeting held in the town on Wednesday.The planned projects will cost around €3 to €4 million, according to officials.The event will be held at Palia Ilektriki cultural centre in Paphos old town at 6.30pm and will be conducted in Greek.The three proposals include the regeneration of: the centre of Anavargos village, the southern area of
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Cypriot educator wins Global Teacher Award
18 September 2019
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CYPRIOT teacher Popi Nicolaou has been officially recognised as one of the world’s best as she has taken home this year’s Global Teacher Award.The global competition considers teachers from all over the world and takes place annually in India’s capital New Delhi.This year there were teachers competing from as many as 70 countries. Continue reading at source: Cyprus
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3.5 km extension to Protaras coastal promenade
12 September 2019
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Work to extend Protaras’ coastal promenade will begin in November at a cost of €4.5 million, Paralimni Mayor Theodoros Pyrillis told the Cyprus News Agency.He said that bids have been invited with the aim of extending the promenade from Fig Tree Bay to Bali tou Hadjixeni on the one side and from Pernera Beach to Ayios Nicolaos Chapel on the other, covering a total distance of 3.5 kilometres. Continue reading at source:
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Chinese investors in €30 million property deal
12 September 2019
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PROPERTY in Tsiflikoudia area of Limassol is now in the hands of Chinese investors following a €30 million deal with Bank of Cyprus’ REMU (Real Estate Management Unit). The specific property was taken over by REMU during the restructuring of Laiko Group’s loans and is actually LOEL’s former facilities there.The transaction involves four adjoining pieces of land totalling 32,271 sq. metres. Most of the property (31,171 sq. metres) falls within a residential zone area while a smaller portion (1,100
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New call for free Wi-Fi applications in Cyprus
10 September 2019
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Municipalities in Cyprus will soon be able to apply for free Wi-Fi in public areas, according to a statement from the Department of Electronic Communications.The European Commission will launch a new call for applications for the WiFi4EU programme on September 19, which will last until 2pm of the following day.In March 2018 the European Commission launched its WiFi4EU web portal to which municipalities all over Europe were invited to register for the chance to benefit from EU financing
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Attractive Offer by Cyprus Airways
04 September 2019
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Cyprus Airways offers the opportunity for great savings, for few days with discounts of up to 46%.The promotion, which started today 3 September and ends 5 September 2019, offers travelers the opportunity to travel to all of the company's destinations in Europe and Middle East at very attractive prices.Trips should take place between 9 September 2019 and 18 December 2019. Seats are limited and subject to terms and conditions. Continue reading at source: Gold
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Blue Air Launches 2020 Summer Schedule
03 September 2019
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Bucharest, August 9th, 2019 - Blue Air, the largest Romanian airline by the number of passengers, launched its 2020 summer schedule. Blue Air passengers can choose out of the 70 routes in 16 European countries for their next summer holiday.“We are delighted to announce that Blue Air passengers can start booking their summer holiday for 2020. Thus, we continue to provide the best travelling options and fulfil the desires of our Cypriot travellers, whom we are waiting for on board. Whether
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FM and Outgoing Ukrainian Ambassador Discuss About Cooperation Between Cyprus and Ukraine
03 September 2019
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Foreign Minister Nikos Christodoulides and outgoing ambassador of Ukraine Borys Humeniuk discussed on Monday key aspects of cooperation between Cyprus and Ukraine in the political, economic and cultural-humanitarian spheres, in a meeting they had on the occasion of the completion of Humeniuk’s diplomatic mission in Cyprus, a press release from the Ukrainian embassy says.“During the meeting, the parties discussed key aspects of cooperation between the two states in the political, economic and cultural-humanitarian spheres”, the press release reads. Continue
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Leaders prepare for meetings with UN envoy
31 August 2019
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The UN chief’s envoy Jane Holl Lute is expected on the island on Saturday ahead of her separate meetings with the two leaders on Sunday.President Nicos Anastasiades is set to meet with Lute at 11am at the presidential palace. Lute will then meet with the Turkish Cypriot leader Mustafa Akinci in the afternoon.The possibility that Lute will also hold follow-up meetings with the leaders prior to her departure on Monday has not been ruled out. Continue reading at
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Universal access bonds transform investment landscape for ex-pats in Cyprus
30 August 2019
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New financial products that will dramatically alter the investment landscape for ex-pats living in Cyprus and across the globe have been announced today.The launch of the Universal Access Bonds (UABs) has been described as “a game changer” for American ex-pats and US connected persons by the CEO of Woodbrook Group Holdings Limited Michael Doherty.FACTA and stringent tax regulations over the past decade have severely curtailed US expatriates’ financial planning and investment capabilities.Not anymore. The UABs allow ex-pats
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BoC Announces Organisational Restructuring
29 August 2019
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Bank of Cyprus Holdings Public Limited Company has announced a revision of its organisational structure, organising the Group along the structural areas of Functions, Business and Legacy, for the creation of more focus and better alignment with the key objectives of the Group. These include substantially reducing the legacy portfolio, building the core business in the new digital era and streamlining the functional areas of the Group, with emphasis on digital transformation and cost reduction.The below Executives will report
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Record Number of Tourists for July 2019
20 August 2019
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July 2019 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month, with arrivals of tourists reaching 550,971 in July 2019 compared to 539,626 in July 2018, recording an increase of 2.1%, the Cyprus News Agency reports. According to the Passengers Survey of the Statistical Service, for the period of January-July 2019, arrivals of tourists totaled 2,181,994 compared to 2,184,775 in the corresponding period of 2018, recording a decrease of 0.1%.Continue reading
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Series of works expected to upgrade Peyia
19 August 2019
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A series of works that has got underway aims to improve the life of the residents of Peyia, mayor Marinos Lambrou said on Sunday.Speaking to the Cyprus News Agency (CNA), Lambrou said the works included new road lighting at a cost of €430,000 throughout Peyia. The financial savings from these new lights is expeted to reach 56 per cent, he said.Also, lighting at the Ayios Georgios fishing shelter has also been completed at a cost of €110,000.continue
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Cyprus participates in Israel's Mighty Waves 2019 naval exercise (video)
14 August 2019
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Cyprus was among 10 countries to take part in ‘Mighty Waves 2019’ a first-of-its-kind multinational exercise held by the Israeli Navy.The forces practised a scenario simulating a major earthquake in Israel with thousands dead, over 100,000 injured, hospitals destroyed and national infrastructure in shambles following a powerful earthquake in northern Israel .The exercise brought representatives from 10 navies and NATO to the Haifa port on Israel’s northern coast, in what Israeli officials said was its largest naval exercise ever.
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Four new 5-star hotels in Cyprus within four years
13 August 2019
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New 5-star hotels in the Limassol and Famagusta districts will pave the way for an 18% rise in the number of available beds throughout Cyprus, according to a KPMG Cyprus report.Specifically, four new super luxury hotels will add a total of 2,590 beds within four years.Construction of the Chrysomare Beach Hotel in Ayia Napa will add 640 beds and the Sun City Resort in Famagusta 460 extra beds before the year’s end. And in 2022, Sofitel Cyprus Limassol will
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New criteria for passport scheme come into force next week
08 August 2019
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THE NEW criteria for the citizenship by investment scheme, which were approved by the Council of Ministers in February and will include the carrying out of due diligence on applicants, have been finalised with some small amendments and will come into force next week.The bad press and criticism from the European Commission forced the government to introduce stricter criteria for the scheme which issues a Cyprus passport to individuals that invest more than €2 million. These investments were usually
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Cyprus based HR Innovate among Europe’s best in ‘Ones to Watch’ list
07 August 2019
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Nicosia based HR Innovate has been named as ‘One to Watch’ in Europe in a list of businesses noted for excellence, published by the European Business Awards, one of the world’s largest and longest running business competitions.HR Innovate was chosen as it demonstrates exceptional achievement in one of the 18 European Business Awards’ categories and reflects the programme’s core values of innovation, success and ethics.An International, multi-stream Recruitment and HR Consultancy, HR Innovate offers customized services and Executive
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Nicosia receives EU funds to expand free WiFi
03 August 2019
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Nicosia municipality on Friday received a voucher for €15,000 for the installation of a WiFi network from the European Commission.Mayor Constantinos Yiorkadjis was handed the voucher by Pierpaolo Tona, project management coordinator of the European Commission’s Innovation and Networks Executive Agency (Inea).The money is part of the Wifi for Europe (WiFi4EU) project, an initiative promoting the development of a free wireless broadband infrastructure in public hotspots, including libraries, museums, public parks and squares. It is meant to cover
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Cyprus Agrees Joint Tourist Packages With Neighbouring Countries
03 August 2019
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Cyprus’ Tourism Deputy Ministry has agreed with Israel, Egypt, Jordan and Lebanon and is expected to soon conclude consultations with Greece on the promotion of joint tourist packages aiming to attract visitors from the United States, Canada, China, Japan and France, the Cyprus News Agency reports.Data collection, analysis and consultations which took place intensively throughout a period of over three months between the countries involved have ended and Cyprus has reached agreement with Israel, Egypt, Jordan and Lebanon while
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Cyprus And Egypt To Further Enhance Their Cooperation In Tourism
31 July 2019
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Cyprus Deputy Minister for Tourism Savvas Perdios and Egyptian Minister for Tourism Rania al Mashat decided to step up their cooperation in the field of tourism, the Cyprus News Agency reports.Perdios met with Mashat on Monday in Cairo. The two officials have laid the groundwork for joint tourist packages which could bring the countries closer through tourism.In statements to the press, Perdios said he discussed with the Egyptian Minister the possibility of holding tourist cruises between the two
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Hermes Airports welcomes Ryanair's expansion in Cyprus
24 July 2019
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Hermes Airports welcomes the ongoing expansion of Ryanair’s flight operation in Cyprus, on the occasion of the recent announcement of the airline regarding the addition of new routes for its winter operation 2019/2020 from Pafos airport where it maintains a base.During the 2019/2020 period, the airline will operate a total of twenty-five routes to and from Cyprus, twenty-four of which will be operated from Pafos Airport and one from Larnaka Airport. It is estimated that during 2019 the airline
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Crowne Plaza Limassol Crowned Hotel of the Year!
20 July 2019
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Crowne Plaza Limassol has received the prestigious IHG Brand Hotel of the Year award for Southern Europe. The award was presented by Karin Sheppard (Managing Director, IHG Europe) and Eric Viale (Managing Director, IHG Southern Europe) at a regional award ceremony held at the Crowne Plaza Barcelona Fira Centre on June 12th 2019. Just one Crowne Plaza® hotel wins this prestigious award each year, which celebrates outstanding performance in serving guests, employees and the community. Continue reading at source: Cyprus
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New Greek PM due in Cyprus on July 29
17 July 2019
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Greek Prime Minister Kyriakos Mitsotakis will be visiting Cyprus on July 29, as agreed during a telephone conversation on Monday with President Nicos Anastasiades.Anastasiades and Mitsotakis confirmed the complete alignment of the goals of the two countries, government spokesman Prodromos Prodromou said in a post on Twitter. Continue reading at source: Cyprus
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Minthis: the First Golf Club in Cyprus to be Awarded with GEO Certification
16 July 2019
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Minthis has announced that is the first golf club in Cyprus awarded with the highly acclaimed GEO Certification, a distinction recognising our eco-friendly approach and commitment to sustainability.GEO (Golf Environment Organisation) is an independently assessed international eco-label for golf clubs. It is the most respected mark for golf sustainability and is awarded to golf facilities that have met the voluntary industry standard of good practices for golf course and facility operations, demonstrating a clear commitment to nature, resource conservation and
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Ryanair Continues Its Expansion in Cyprus
15 July 2019
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Hermes Airports welcomes the ongoing expansion of Ryanair’s flight operation in Cyprus, on the occasion of the recent announcement of the airline regarding the addition of new routes for its winter operation 2019/2020 from Pafos airport where it maintains a base.During the 2019/2020 period, the airline will operate a total of twenty-five routes to and from Cyprus, twenty-four of which will be operated from Pafos Airport and one from Larnaka Airport. It is estimated that during 2019 the airline
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Panayiotis Hadjipantelis Re-Elected as Chairman of Hermes Airports
12 July 2019
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Hermes Airports has announced that during the Board of Directors meeting held on July 10, Panayiotis Hadjipantelis was re-elected as the Chairman of the Board of Directors for the period of one year. Hadjipantelis has held the position of the Chairman since 2015. During the same Board meeting, Patrice Cahagne, Investment Director of Egis was elected as the Vice Chairman of the Board. Continue reading at source: Gold
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Finance Minister Notes Importance of Corporate Social Responsibility Policies
08 July 2019
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The government of Cyprus has prepared a bill which should be adopted by the Parliament by the end of the year in an attempt to enforce the establishment of companies which adopt policies of corporate social responsibility, Finance Minister Harris Georgiades has said, the Cyprus News Agency reports.Addressing on Friday the 12th conference on corporate social responsibility which took place in Nicosia, the Minister said that the society requires all organizations and businesses to undertake their responsibilities and account
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Swiss Launches Flights from Geneva to Cyprus
04 July 2019
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Hermes Airports is delighted to welcome the launch of SWISS flights from Geneva to Cyprus. Swiss International Air Lines (SWISS), which is part of the Lufthansa Group, will connect Larnaka with Geneva, Switzerland. The route was inaugurated on July 3, 2019 and will be operated on a weekly basis every Wednesday; Additionally, during September and October, the route will operate every Saturday.The launch of SWISS’ flights to Cyprus is expected to contribute to the efforts to strengthen the connectivity
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Kadis Presents Climate Change Initiative at International Meeting
03 July 2019
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Agriculture, Rural Development and Environment Minister Costas Kadis presented Cyprus’ climate change at the UN Abu Dhabi Climate Meeting, which took place between June 30 and July 1, the Cyprus News Agency reports.In his address Kadis outlined Cyprus President Nicos Anastasiades’ initiative to establish a regional action plan to coordinate countries of the Eastern Mediterranean and the Middle East in climate change issues, a Press and Information Office press release says. Continue reading at source: Gold
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Hotel Indigo to Open in Larnaca
02 July 2019
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IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced the signing of Hotel Indigo® Cyprus - Larnaca. Set to open at the end of 2019, the hotel is signed under a franchise agreement with Quality Group and Sunnyseeker Hotels, a rapidly expanding hotel management company which is currently operating a number of hotels across the country, and under the ownership of Quality Group, one of the premier property development companies in Cyprus.The Hotel Indigo® Cyprus Larnaca will
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Cyprus Airways and Bulgaria Air Launch Code-Share Partnership
01 July 2019
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Cyprus Airways and Bulgaria Air have entered into a codeshare partnership. Cyprus Airways’ customers will be able to fly from Larnaca to Sofia through a codeshare agreement with Bulgaria Air. The agreement will allow Cyprus Airways to sell tickets under its own flight code between Larnaca and Sofia. Other routes will be added in future. Similarly, Bulgaria Air will place its flight code on Cyprus Airways flights to Beirut and Tel Aviv. Continue reading at source: Gold
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Hermes Airports commits to achieve net zero emissions by 2050 (Updated)
28 June 2019
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Hermes Airports said on Wednesday the operator had signed a landmark commitment to become net zero for their carbon emissions by 2050.The commitment concerns airport buildings, infrastructure and vehicles, not aircraft.The resolution was signed in the morning at the 29th ACI Europe Annual Congress in Cyprus – the annual gathering for airport CEOs and senior level airline representatives across Europe.This commitment was undertaken as part of ACI Europe, the trade association for the European airport industry, announcing
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President, Political Leaders and Officials Honor Christofias' Contribution to Cyprus
25 June 2019
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President Nicos Anstasiades said on Monday 24 June that he hoped history would judge former President of Cyprus Demetris Christofias fairly and in a positive light. A book of condolences was opened on Monday in the Presidential Palace for the former President who passed away last Friday at the age of 72. Anastasiades told the press that he and former President recognized the importance of putting compassion and mutual respect above anything else. “We will be all judged by history
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UK's most advanced fighter jets complete missions from Akrotiri
25 June 2019
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The UK’s newest and most advanced generation of fighter jet, the Lightning F-35B, has successfully completed its first operational missions from Akrotiri, the British forces reported on Tuesday.F-35s have flown alongside Typhoon aircraft on operational flights over the skies of Syria and Iraq, as part of the ongoing fight against Daesh (Isis), the Defence Secretary has confirmed.It follows a successful training period in Cyprus, known as Exercise Lightning Dawn, aimed at building capability for the aircraft and supporting
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Pafilia's new flagship project, NEO, official launch party
24 June 2019
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Pafilia Property Developers presented its new flagship project in Limassol, NEO, at a glamorous soiree with distinguished guests on June 3rd. The globally significant and ultra-stylish four-tower resort, situated on the waterfront in the heart of the city, will provide a new anchor and destination for Limassol.The soiree was attended by influential figures from the business world, law firms, auditing and accounting firms, banking institutions and the local government, including the Mayor of Limassol, Nicos Nicolaides. Continue reading at
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An acclaimed collaboration announced between Limassol DelMar and Ergo Home Group's ARCLINEA
20 June 2019
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One more collaboration added to the exclusive list of established brand names that represent elegance, finesse and premium aesthetics has been confirmed between Cypeir Properties Ltd and the Italian brand ARCLINEA. The Italian design house has been assigned to create the kitchen furniture of the luxury apartments at Limassol del Mar, The Signature Collection, one of the most renowned development projects in Cyprus.ARCLINEA is represented in Cyprus by Ergo Home Group Ltd and has contributed on similar high profile collaborations for
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Cyprus Banking Delegation Completes Successful United States Visit
19 June 2019
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A senior delegation from the Association of Cyprus Banks (ACB) has recently completed a successful visit to the United States, during which it met with senior U.S. government officials, important U.S. financial industry regulators, Members of the U.S. Congress and their key staff, global banking institutions, academics, and the financial media. The delegation consisted of senior executives from the two largest ACB member banks: Marios Skandalis - Bank of Cyprus and Matheos Charalambides - Hellenic Bank.Building
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Syllouris: House Will Support UNECE's Proposal for Cyprus to Host 2021 Summit
15 June 2019
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President of the House of Representatives, Demitris Syllouris, said that the House is particularly sensitive to issues regarding sustainable development and the environment in general and would back hosting a UNECE summit.A press release of the House of Representatives said Syllouris met on Thursday with Marco Keiner and Zaal Lomtadze, United Nations Economic Commission for Europe (UNECE) officials, in the presence of Dr. Adamos Adamou, Chairman of the House Standing Committee on the Environment.The two officials are in
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Future of the EU on MED7 agenda
14 June 2019
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President Nicos Anastasiades is in Malta on Friday to participate in the sixth Mediterranean EU member states summit (MED7), along with participants from six other countries, France, Spain, Portugal, Malta, Italy and Greece.The consultations on the appointments for the next EU institutional leadership will be the focus of the summit, government spokesman Prodromos Prodromou said.Anastasiades will also have the opportunity to brief his counterparts over Turkey’s illegal actions in Cyprus’ Exclusive Economic Zone, he added. Continue reading at
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Cyprus Airways' inaugural flight from Larnaca to Bratislava
11 June 2019
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Warm Welcome at Bratislava AirportLarnaca, Cyprus – Cyprus Airways’ inaugural flight from Larnaca to Bratislava took place on Saturday 8th of June 2019. The flight departed from Larnaca at 06:00 in the morning and landed in Bratislava at 08:00. Bratislava Airport welcomed Cyprus Airways aircraft with the ceremonial water cannon salute and traditional ribbon cutting. Passengers were welcomed at the gate with gifts and cake. Continue reading at source: Cyprus
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Land lease agreement paves way for EuroAsia Interconnector
10 June 2019
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A contract paving the way for the construction works for the EuroAsia Interconnector, which will connect the electricity networks of Cyprus, Israel, Crete and Attica in Greece has been signed at the Energy ministry, it was announced on Thursday.The land concession agreement for the construction of the High Voltage Direct Current (HVDC) converter station in Kofinou with a transfer capacity of 2000MW was signed.The cost of construction of the first phase of the project (Cyprus-Crete-Attica) with a capacity
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RCB Bank Together with Mastercard Enables Card Payments at the Limassol Marina Parking
04 June 2019
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RCB Bank’s self-service card acceptance terminals, powered by Mastercard, have been successfully installed at the Limassol Marina multistory car park, elevating the visitors’ payment experience.For the first time in Cyprus self-service terminals for unattended outdoor locations, enable contactless card acceptance, boosting the overall digital payment transformation of the island. Continue reading at source: Gold News
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Construction of Metropolis Mall in Larnaca About to Begin
01 June 2019
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Larnaca’s Metropolis Mall has secured all the necessary licences and its construction is about to begin.South African development company Acsion Ltd is behind the 40,000 square metre shopping centre while ‘Iacovou Brothers’ is responsible for the project’s construction.Both the local authorities as well as Acsion Ltd have confirmed the latest developments.Continue reading at source : Gold
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Symbol Residence: Foundation Stone Laying Ceremony Attended by Billionairess Elena Baturina
27 May 2019
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The foundation stone laying ceremony was for the high-end residential development ‘Symbol’ was held on May 27 in Agios Tychonas, Limassol. The project involves investment by the Investment Group of Elena Baturina, the richest woman of Russia, international entrepreneur and philanthropist. As was previously announced, the overall investment into the development will exceed €40 million.The ceremony celebrated the start of the active stage of construction, and was attended by the Mayor of Agios Tychonas, Charalambos Ioannou and Elena Baturina, as well as the
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Agreement Signed for Egypt-Europe Electricity Interconnector via Cyprus
24 May 2019
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An historic framework agreement was signed in Cairo on Wednesday for the construction and commissioning of the EuroAfrica Interconnector which will interconnect the electricity networks of Egypt and Cyprus by the project promoter, EuroAfrica Interconnector Limited, the Cyprus News Agency reports.The signed agreement follows the conclusion of viability studies conducted by the EuroAfrica Interconnector which showed the benefits of the project, as well as its maturity, allowing it to enter the implementation stage.According to a press release, the
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Cyprus Airways Announces Additional Flights to Athens
22 May 2019
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Cyprus Airways has announced additional flights from Larnaca to Athens every Monday, Thursday and Saturday. The renewed flight schedule, will begin on 27 June 2019, and will increase the total weekly number of flights to Eleftherios Venizelos Airport in Athens from 7 to 10 flights."As Larnaca-Athens is one of the most popular routes we decided to increase our flights from seven to ten per week, giving our passengers more choices and more flexibility in organizing their trip" said Natalia
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Jet2 'Commits Year-Round' to Cyprus
16 May 2019
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The airline and operator says it has put nearly 550,000 seats on sale for summer 2019, its largest ever, up 16% year-on-year.Winter capacity, meanwhile, is up 45%, with around 200,000 seats on sale, TTG Media reports.Jet2.com and Jet2holidays chief executive Steve Heapy this week hailed positive meetings with Cypriot hoteliers and representatives from the Cypriot tourism industry as Jet2 seeks to capitalise on a significant upturn in demand for the eastern Mediterranean.“Jet2holidays has continued to show
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Demetra Investments becomes largest shareholder of Hellenic Bank
15 May 2019
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Demetra Investments Ltd increased its stake in Hellenic Bank from 18.42 per cent to 21.01 per cent on Tuesday, according to a CySEC announcement.Bank sources indicate that Demetra Investments bought off the European Bank of Reconstruction and Development stake for an estimated €10 million.This makes Demetra the largest Hellenic shareholder, dethroning Wargaming Group’s 20.6 per cent. Continue reading at source: Cyprus
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Limassol Marina Receives the Highest Industry Award for Excellence
14 May 2019
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Limassol Marina, the first full-service superyacht marina in Cyprus, has received the prestigious “5 Gold Anchor Platinum Award”, the highest distinction for exceptional marinas across the world, providing outstanding customer services and facilities. The official announcement was made at the opening ceremony of Limassol Boat Show 2019 in the presence of government officials, selected guests, yachting entrepreneurs and media representatives. The award was presented to Tom Lord, Marina Manager of Limassol Marina, by Tony Dye from The Yacht Harbour Association.
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'Bright future' for Cyprus-UK educational relations
10 May 2019
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The Association of Commonwealth Universities (ACU), the oldest university network in the world, will soon open an office in Cyprus, the first office outside the UK, House President Demetris Syllouris said on Thursday.The association has 530 members in 50 countries, he added.Working with the ACU is one of the opportunities to strengthen post-Brexit UK-Cyprus collaboration in higher education, a report on the subject launched at Thursday’s press conference said.The report is a result of the first Higher
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PIO and Ministry of Foreign Affairs Launch Brexit Website
30 April 2019
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The Press and Information Office, in cooperation with the Ministry of Foreign Affairs, has launched a website with information on Brexit at the URL: https://brexit.com.cy/The website, which is bilingual (Greek and English), contains information about the possibility of the United Kingdom leaving the European Union with or without a ratification of the Withdrawal Agreement and how these two scenarios will affect Cypriot businesses and citizens (Cypriots who reside in the UK and British citizens who reside in Cyprus).The
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Travel Exhibition Taxidi 2019 Opens on 3rd of May
26 April 2019
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Travel exhibition "Taxidi 2019" opens its gates on 3-5 May to offer travelers comprehensive information on tourist destinations abroad as well as on Cyprus tourist product, amidst increased outbound trips and projections from tour operators that tourist arrivals would reach last year’s numbers.The exhibition is organized for the 22nd consecutive year by the Association of Cyprus Travel Agents (ACTA), at Cyprus State Fair Grounds in Nicosia. Outbound trips presented an increase of 10% so far in 2019, ACTA chairman
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HB Records Profit After Tax of €320M
25 April 2019
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Hellenic Bank has released its financial results for the year 2018 which record profit after tax of €320.0 million and a successful share capital raise of €150 million.According to Yannis Matsis, CEO of Hellenic Bank, “The acquisition of CCB business established Hellenic Bank as the leading retail and SME bank in Cyprus whilst simultaneously de-risking our balance sheet and business model. The profitability and resulting capital position safeguards our depositors and creates shareholder value. The significantly improved capital
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Talks under way for flights between Alexandria and Cyprus for €60
24 April 2019
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Egypt’s Alexandria Governor Abdel Aziz Konsowa has told House of Representatives President Demetris Syllouris that the city is in talks with low cost airlines aiming to connect Cyprus with Alexandria with a flight that would cost €60.Konsowa, who was speaking during a meeting with Syllouris and a parliamentary delegation from Cyprus, also expressed his will for more business to business cooperation between Cyprus and Alexandria.“We are looking forward to enhancing our cooperation in three areas, tourism, education and
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Parliament Speakers from Cyprus, Greece, Jordan, Egypt and Iraq to meet in Nicosia
22 April 2019
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House of Representatives President Demetris Syllouris, who is on an official visit to Egypt, has announced that the Speakers of Parliament from Cyprus, Greece, Jordan, Egypt and Iraq will have a meeting in Nicosia in the next couple of months.In the context of his official visit, following an invitation by President of the Egyptian Parliament, Ali Abdel-Aal, Syllouris had a meeting with his counterpart and a large parliamentary delegation at the Egyptian parliament, followed by a tour of the
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Invest Cyprus Participates in the 9th Annual Investment Meeting in Dubai
17 April 2019
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The Cyprus Investment Promotion Agency (Invest Cyprus) took part in the Annual Investment Meeting (AIM), the leading gathering of the international investment community, held in Dubai between 8-10 April 2019, as part of its mission to promote Cyprus as an attractive investment destination and business hub.The Annual Investment Meeting is considered to be the world’s leading investment promotion conference, showcasing the latest developments, information and strategies to attract Foreign Direct Investment. Overall, the conference attracted 20.000 participants from
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Cyprus Among the Founding Members of an International Sports and Tourism Organisation
15 April 2019
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Cyprus along with Greece, Lebanon, Egypt, Bulgaria and Portugal have founded an International Sports and Tourism Organisation, a press release of the Deputy Ministry of Tourism has said.The decision to establish the International Sports & Tourism Organization for Peace & Prosperity (ISTO for P&P), was announced in the framework of a trilateral meeting among Cyprus’ Deputy Minister Savvas Perdios, Greek Minister of Tourism Elena Kountoura and Lebanon’s Minister of Tourism Avedis Guidanian, in Beirut, on 10 April. Continue reading
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Hotels catering to animal-loving tourists
15 April 2019
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Working with animal welfare groups to help improve lives of stray cats and dogsBy Bejay BrowneHotels are catering to animal-loving tourists by teaming up with animal welfare charities and launching programmes to improve the lives of stray dogs and cats.With Cyprus’ stray cat and dog population estimated at around 200,000 to 250,000, initiatives to keep those numbers down are clearly welcomed by animal welfare groups.Just last week, a couple of these more recent cat initiatives at Aphrodite Hills
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Telecoms companies given licence to run pilot 5G programs
13 April 2019
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TELECOM companies Cyta, MTN, and Primetel have been given licensing to run pilot 5G programs, the minister of transport, communications and works, Vasiliki Anastasiadou announced.She said: “The main objective of the Broadband Subsidy Grant Scheme is to increase the demand for ultra-high-speed connections while encouraging the market for investment in high-speed networks.”The plan, she added, is in line with the Digital Agenda 2020 of the EU and with the island’s National Broadband plan. Continue reading at source: Cyprus
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Melco announces location of Napa and Paphos casinos
12 April 2019
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CASINO operator Melco announced on Thursday the location of its two new satellite establishments in Ayia Napa and Paphos, which will be up and running by the end of the year.The Ayia Napa casino will be located on Archbishop Makarios Avenue, next to Faros Hotel, in the heart of the popular holiday resort, and is expected to open its doors this summer.The Paphos venue will be located in Yeroskipou, on the main coastal road, and will be ready
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First Cyprus, Greece and Lebanon summit planned
11 April 2019
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Foreign Minister Nicos Christodoulides announced on Wednesday that Cyprus would host the first trilateral summit between the leaders of Cyprus, Greece and Lebanon later this year.In his statements in Beirut, where he participated in the work of the first official tripartite ministerial meeting between the three countries, together with his counterparts from Lebanon, Gebran Bassil, and Greece, Georgios Katrougalos, Christodoulides said that it was the official start of the “trilateral journey”.The cooperation of the three countries, he said,
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JYSK Opens Its First Store in Cyprus
06 April 2019
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The first store of JYSK, the global retail chain from Denmark that sells everything for the home, officially opened its doors to the public today (Saturday April 6) at the Nicosia Mall.Its grand opening yesterday was a resounding success. Media people caught the first glimpse of the store in the morning, and experts in home decoration, and other officials enjoyed a cocktail and live music in the evening.The lucky first 100 customers who shopped at JYSK on Saturday
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Pafos Zoo shows off its new baby lion Simba
05 April 2019
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The Pafos Zoo on Friday announced the birth of a male white lion, which is the first of its kind born in Cyprus. The cub, born some three weeks ago, was named Simba.The owner of the Pafos Zoo, Ioulios Christoforou, said that Simba’s parents, a pair of white lions, Zeus and Hera, have been with them for the past eight years.Simba is being fed eight times per day with special milk brought from abroad.Christoforou said Simba was
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Paphos to get new municipal multi-purpose centre
03 April 2019
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A contract to build a new municipal multi-purpose centre in Paphos will be signed at the town hall on Thursday.The new centre comes with a price tag of €3,665,200 and will offer social and cultural activities, as well as care for infants and young children, a spokesperson for Paphos municipal social welfare said.“This is a great development for Paphos and much needed. Other municipalities have similar centres and this will be good for the people here. The municipality
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Hermes Airports Makes Flying Easier for Individuals with Autism
29 March 2019
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Ahead of World Autism Awareness Day, Hermes Airports is organising a series of actions with a view to make individuals with autism more familiar with air travel procedures and at the same time, raise public awareness for autism.From 29 March – 5 April the main round-about of Larnaka Airport and the entrances of Larnaka and Pafos airports will be illuminated with blue light, which is the colour of autism, in the framework of the global campaign “Light it up
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Amavi: Cyprus' First Couples-Only Hotel Opens its Doors
29 March 2019
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Kanika Hotels & Resorts, one of Cyprus’ leading hotel groups, now celebrates the addition of the highly-anticipated luxurious 5-star Amavi hotel. Carving out novel territory as the first custom designed couples-only hotel on the sun-kissed island, the idyllic Amavi stands proud as the flagship of Kanika’s Made for TwoTM brand. As such, it heralds a brand-new era for holidaymakers seeking intimate moments of togetherness and a tranquil escape from the outside world in the paradisiacal Mediterranean.The Amavi welcomed its
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Stelios Foundation and UKCEC celebrate bi-communal collaboration
27 March 2019
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An event co-organised in London on Monday evening by the Foundation of Sir Stelios Haji-Ioannou and the UK-Cyprus Enterprise Council (UKCEC) highlighted the significance of bi-communal collaboration in the reunification of Cyprus.The event was held at the Stelios Philanthropic Foundation’s new headquarters in the British capital, to celebrate 11 years of the Stelios Cyprus Bi-Communal Awards given to selected projects carried out by teams of Greek and Turkish Cypriots working together.Around 70 members of the Cypriot community in
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Global Blue and RCB Bank Join Forces on Merchant Solutions in Cyprus
27 March 2019
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RCB Bank and Global Blue have entered into a strategic partnership offering Dynamic Currency Choice (DCC) and Tax Free Shopping services to their merchant partners in Cyprus for servicing their international shoppers.This collaboration is the latest in a wide range of innovations being delivered by RCB Bank to better service the local Cyprus market, offering DCC in 20 key currencies that are most widely used in the market today, with the capability to reach up to 150. Commenting on
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Neo Plaza Outlet Village to Open in Cyprus in 2020
22 March 2019
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An open-air outlet named “Neo Plaza” is expected to open its doors in Spring 2020 just a few short miles west of Nicosia. The works on the 10,000m² scheme, that will be constructed on 35,000m² site, were announced to begin by June this year.Inspired by Cypriot architectural traditions, the new outlet will host around 50 retail shops, a recreational park for events, a playground, an arts and crafts section, and a food court. Big names from retailers and chain
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More time for expats to sort out post-Brexit residency status
18 March 2019
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By Bejay BrowneCyprus is preparing legislation to allow Britons already living in Cyprus a grace period of one year to get their residency status sorted out after the official ‘Brexit Day’ on March 29, according to the British High Commission in Nicosia.”We welcome the news that in case of a ‘no deal Brexit’ there will be a grace period of a year and we thank the Cypriot authorities for continuing to safeguard the rights of British citizens on the island,” they announced
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CNP ASFALISTIKI insures 2019 Limassol Marathon
18 March 2019
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One of the greatest sporting events in Cyprus will take place on the 23-24 March at the coastal front of Limassol.For the fourth consecutive year, CNP ASFALISTIKI, a member of the French colossus CNP ASSURANCES S.A., is going to insure the event as the Health and Safety sponsor for the OPAP Marathon of Limassol.CNP ASFALISTIKI’s General Manager Andreas C. Stylianou stated the following in this respect: “It is an obvious principle for CNP ASFALISTIKI to adopt
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Cyprus and Bahrain set to sign cooperation agreements in FM visit
14 March 2019
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Cyprus and Bahrain are set to sign a number of agreements, including a Memorandum of Understanding on the field of energy during an official visit in Manama by Foreign Minister Nikos Christodoulides, on Wednesday.Christodoulides is paying Bahrain an official visit following an invitation by his counterpart Sheikh Khalid bin Ahmed bin Mohammed Al Khalifa, a Foreign Ministry press release issued here today says.The Cypriot Foreign Minister will have extended talks with Al Khalifa during which they will review
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Sharp rise in property sales in February
12 March 2019
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DURING February 2019, the number of property sales contracts deposited at Land Registry office across the Republic of Cyprus rose 25% compared to February 2018 according to official figures published by the Department of Lands and Surveys.Apart from a 48% fall in sales in December 2018 due to the rush to buy land in December 2017 before the government introduced VAT on land sales, the number of property sales has increased for the past 22 months.February 2019 saw
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Parliament leaders of Cyprus, Jordan and Greece to meet
08 March 2019
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House President Demetris Syllouris said on Tuesday he and his Jordanian counterpart agreed on a Trilateral meeting between themselves and their counterpart from Greece.Syllouris and Taref al Tarawneh, who holds the chair of the Arab Parliamentary Union discussed the matter in a meeting in Nicosia.“We have agreed on a trilateral meeting between Cyprus, Greece and Jordan and I undertook to notify the Hellenic Parliament President within the day,” Syllouris said.He added that he and Tarawneh discussed “issues
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Cyprus Airways and Blue Air to Extend Codeshare Agreement
08 March 2019
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Blue Air and Cyprus Airways have agreed to continue the codeshare partnership initially launched in December 2018. The collaboration between the two airlines will be extended over the summer schedule, starting March 31st to October 26th, 2019. Under this codeshare partnership, the two airlines’ customers will have an enhanced connectivity from Larnaca to Athens, Thessaloniki and Heraklion.“Our cooperation with Blue Air proved to satisfy our travellers' needs, therefore we have decided to extend this collaboration. The codeshare agreement with
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Germany and Cyprus to step up defence co-operation
06 March 2019
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Cyprus aspires to see the Eastern Mediterranean transformed from an area of instability and geopolitical uncertainty into a region of stability and prosperity, Defence Minister Savvas Angelides said on Tuesday.Speaking after talks with Germany’s Federal Minister of Defence, Ursula von der Leyen, in Nicosia on an official visit, Angelides said the latest international developments and geopolitical changes in the wider region have created a political situation that is particularly unpredictable and fluid, making the security environment more complex.The
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City of Dreams Mediterranean Puts Cyprus on the European Casino Map
05 March 2019
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City of Dreams Mediterranean Integrated Casino Resort, has been officially announced as the European Casino Association’s (ECA) 29th member. At the General Assembly of ECA, the Association’s board accepted City of Dreams Mediterranean's membership application, after the company subscribed to ECA’s code of conduct and it was decided that it meets the association’s strict membership criteria.The Integrated Casino Resort, which is owned by Melco Resorts & Entertainment Limited and Cyprus Phassouri (Zakaki) Limited, is scheduled to open its doors
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Limassol Aura high rise development
05 March 2019
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PLANS to redevelop the site of Debenhams Olympia shopping centre on the Limassol coastal road are moving forward and the construction of the high rise Aura development of luxury apartments should be completed by the end of 2022.Designed by the award-winning British architectural design and engineering firm of Foster + Partners, the cost of building Aura are estimated at €108 million, while the demolition of the current building will cost around €500,000. Continue reading at source: Cyprus Property
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ExxonMobil announces 5-8t cubic feet of gas off Cyprus (Update2)
01 March 2019
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Cyprus and ExxonMobil on Thursday announced a gas find estimated between 5-8 trillion cubic feet (tcf) in an offshore field inside the island’s exclusive economic zone.The discovery was made in the Glafcos (Glaucus) 1 well in Block 10 of the EEZ.“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic metres). Further analysis in the coming
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MTN and Huawei Cooperate for 5G Development in Cyprus
01 March 2019
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MTN Cyprus and Huawei have announced the agreement for a strategic cooperation regarding the development of a 5G network in Cyprus, initially through a joint research program and then through a commercial set of services.According to the Memorandum of Cooperation (MoC), signed during the Mobile World Congress 2019 in Barcelona, a task force is about to be created in order to share its know-how, the well-known 5G global ecosystem. Furthermore, this executive team will shape the preconditions required for
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UK "Ready to Work" with Cyprus on Bases in Event of 'No Deal' Brexit
27 February 2019
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In the event of a ‘no deal’ Brexit, the UK Government aims to reach an agreement with the Republic of Cyprus and the EU which will secure the operation of the British bases in Akrotiri and Dhekelia and will allow Cypriot citizens who live and work there to carry on doing so it without any problems, a 10 Downing Street spokesperson has said.The smooth continuation of the bases’ operation and of the daily lives of people living and working
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Celestyal Cruises: New Goals and New Itineraries for the Year Ahead
26 February 2019
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Enjoying a dynamic presence in Greece and Cyprus, Celestyal Cruises, a member of the Louis Group, recently published official results for 2018, highlighting the company’s success over the past year, while also presenting new cruise itineraries scheduled for 2019 and 2020.During a media lunch on February 19th at ‘Elliniko’ tavern, the new CEO of Celestyal Cruises, Chris Theophilides, presented the official statistics that highlight the company’s growth. Statistics indicate that there was a significant increase in passenger traffic of up to 8% in 2018
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More money to encourage homes to use renewables
21 February 2019
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Legislators on Tuesday got a first glimpse of the 2019 draft budget for the Renewable Energy Sources (RES) Fund, discussing ways of further increasing the penetration of renewables into the energy mix.The budget provides for €49.28m in projected revenues, while expenditures are at €64.96m.On the expenditures side, €58.61m are earmarked for commitments to subsidies, of which €29.81m relate to generating electrical power from renewables.The €29.81m figure includes €25m for a new subsidies
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RCB Bank Expands Domestically through Premium Acquiring Services
20 February 2019
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RCB Bank has strengthened its portfolio of digital products through premium card acquiring services and expanded its servicing dynamic to some of the biggest merchant clients in Cyprus, including IKEA.In 2018 the card acquiring business of the Bank has shown strong development with monthly growth rates exceeding 20%. Continue reading at source: Gold News
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New programme will see stray cats neutered
20 February 2019
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The veterinary services announced on Tuesday the third phase of an island-wide stray cat neutering programme will be launched this year.The programme, with a budget of €75,000, is the third phase of actions taken to implement a cabinet decision of August 2017 which called for measures to decrease stray populations of both cats and dogs, though so far allocated budgets have only targeted the stray cat population.The Animal Party on Tuesday applauded the new government programme but called
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Changes to Citizenship scheme approved
18 February 2019
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Changes to Cyprus’ controversial citizenship-by-investment scheme, which has granted 1,864 citizenships and generated €6.6 billion of foreign investment, have been approved by the Cabinet.CYPRUS on Wednesday approved a series of changes to its much-criticised Citizenship-by-Investment scheme, so it becomes “more targeted and trustworthy”, said Finance Minister Harris Georgiades.The Cabinet approved new criteria which will see a Cyprus passport being granted in exchange for an investment of €2.5 million, raising it from €2 million, including the purchase
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Rights of UK expats in Cyprus assured in case of no-deal Brexit
14 February 2019
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In the case of a no-deal Brexit, British citizens currently residing in Cyprus will be able to continue residing and enjoying the same rights as provided for in Britain’s withdrawal agreement with the EU, the government said on Wednesday.The government informed the UK government of its decision on British citizens’ rights after the UK withdraws from the EU in a letter sent by Foreign Minister Nikos Christodoulides to Britain’s Foreign Secretary Jeremy Hunt.The withdrawal agreement negotiated between British Prime Minister
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Radisson Hotel Group and Sunnyseeker Hotels Sign Strategic Development Deal for Cyprus
14 February 2019
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Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is delighted to announce the signing of a Master Development Agreement with Sunnyseeker Hotels in the Republic of Cyprus. Building on an already-successful partnership, the new deal will see the group grow its existing portfolio in the country to six hotels and almost 1,000 rooms by 2025.Sunnyseeker Hotels has been a partner for Radisson Hotel Group in Cyprus since 2015. This new agreement is
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EastMed could be 'one of the greatest underwater projects' in the world
13 February 2019
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The EastMed pipeline could be “one of the greatest underwater projects in the world”, Israel’s President Reuven Rivlin said on Tuesday.Rivlin, who was speaking at the presidential palace after having held consultations with President Nicos Anastasiades, also spoke of the possibility of extending the trilateral cooperation mechanism Cyprus, Israel and Greece have formed.“Our prime purpose right now is on developing the Eastern Mediterranean pipeline,” Rivlin said. “This could be one of the greatest underwater projects in the world.
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Cypriot Companies VTS/VSS EPE Chosen to Provide Services to Israel's Natural Gas Fields
12 February 2019
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The fleet and the modern means of preventing and dealing with marine pollution incidents, owned by the Cypriot VTS / VSS EPE companies of the Vasiliko Terminal Services Ltd group, are now undertaking the provision of specialized services for the work carried out in Israel's natural gas fields. The consultations that have taken place lately have been successful, while paving the way for an extremely important cooperation.According to Group Chief Executive Officer Yiannos Lakkotrypis, this collaboration highlights the multifaceted
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Parliaments of Cyprus, Greece and Egypt meet in Nicosia
11 February 2019
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Nicosia on Monday hosts the first trilateral meeting of House of Representatives Presidents from Greece, Egypt and Cyprus.House President Demetris Syllouris is set to welcome his counterparts from Greece Nicolaos Voutsis and Egypt Ali Abdel Aal in a meeting which will focus on regional cooperation as well as energy, tourism and education and culture.The meeting will start in the morning will conclude its work with the adoption of a Joint Statement of the three Speakers at 12.15,
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Leaders to meet later in the month (Updated)
07 February 2019
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President Nicos Anastasiades has spoken with Turkish Cypriot leader Mustafa Akinci by phone and they have agreed to meet on the second half of February, the government announced on Wednesday in a brief statement.No further details were given as to the date, location and time of the meeting.“The goal of course is to establish a meeting with each other,” the government spokesman Prodromos Prodromou told CNA later in the day. “We do not have anything at the moment
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Facelift for Paralimni to include golf course and marina
05 February 2019
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Development projects of over €45 million set to begin in 2019 in Paralimni municipality were announced by President Nicos Anastasiades on Monday, while many more, including a largescale golf course development, are also lined up.Projects that are expected to begin in 2019 include improvement works to the Kappari road network, the upgrade of the Paralimni middle school, the construction of part of the April 1st Avenue in Paralimni, and the improvement of the fishing shelters of Ayia Triada and
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Property sales continue to rise
04 February 2019
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The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surveys.CYPRUS property sales continued to rise in January, with the number of sales contracts deposited at Land Registry offices in the Republic rising by 10 per cent compared to the same month last year.With the exception of December 2018, when sales fell by 48 per
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Football charity helps fund new wing at Makarios hospital
01 February 2019
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By Evie AndreouThe health ministry on Thursday announced that it would construct a new wing at the Makarios children’s hospital to house the accident and emergency (A&E) department.The new, 1,000-square-metre wing will be named ‘Goal in Life’, in honour of the charity foundation bearing the same name that will co-fund the around €2.7m project, along with the health ministry. Continue reading at source: Cyprus
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Cyprus and Spain committed to upgrading bilateral relations
31 January 2019
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Spain and Cyprus are committed to upgrading bilateral relations, the foreign ministers of both countries pledged after talks on Wednesday in Nicosia.In his remarks, Spain’s Foreign Minister Josep Borell thanked Cyprus for defending the integrity of the Spanish state in the Catalan issue and said that Cyprus could count on Spain’s support on the Cyprus issue.Borell’s meeting with Foreign Minister Nikos Christodoulides took place the day after the fifth Southern EU Countries Summit that was held in Nicosia
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Air France-KLM Appoints Yiannis Pantazopoulos as New Sales Manager for Greece, Cyprus and Turkey
31 January 2019
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Air France – KLM has appointed Yiannis Pantazopoulos as the airline group’s new sales manager for Greece, Cyprus and Turkey, effective February 1. He will be based in Athens.Pantazopoulos will replace Yiorgos Zermas, who is retiring after working for the group for nine years, gtp headlines reports.The announcement was made by Jerome Salemi, General Manager Air France-KLM East Mediterranean Establishment, during a recent event held in Athens.“I’m really glad and honored for being a part of a very successful group such as Air
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Portuguese prime minister in 'historic' visit
30 January 2019
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President Nicos Anastasiades on Tuesday called the arrival of Portuguese Prime Minister Antonio Costa a historic moment for the relations of the two countries since it is the first ever visit of a Portuguese leader to Cyprus.Cyprus and Portugal have agreed to strengthen ties, announcing their intention to organise a business forum to further cooperation on maritime science and to share best practices in tourism.Costa is on the island on an official visit and to also participate in
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Cheaper electricity bills from February
29 January 2019
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Electricity bills will decrease by at least 3.6 per cent in February compared to December, the electricity authority (EAC) announced on Monday.According to the EAC spokeswoman, Christina Papadopoulou, the price change is due to the Cyprus Electricity Regulatory Authority’s (Cera) fuel adjustment which is done every six months, meaning the decrease is valid until June.The adjustment is related to the cost of the fuel mix of heavy fuel oil, diesel and renewable energy sources. Continue reading at
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Cyprus reaffirms commitment to European defence
29 January 2019
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European Commission Vice President Jyrki Katainen, on a two-day visit to Cyprus, met on Monday with defence minister Savvas Angelides to discuss EU defence and security issues.According to an official statement from the ministry, the two discussed the European Defence Fund, Military Mobility and the Permanent Structured Cooperation (Pesco) programme.Angelides reiterated to the EU official that Cyprus is committed to European integration, noting that the island would participate according to its capabilities. Continue reading at source: Cyprus
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CoE Development Bank Approves 40mln Euro Loan for Cyprus Water Projects
29 January 2019
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The Council of Europe Development Bank approved on Friday a loan of 40 million euro to the Republic of Cyprus. The loan aims to finance two water supply projects in Cyprus to meet the needs of Nicosia and the government controlled areas of Famagusta. It concerns infrastructure projects at the Vasiliko area and the Kokkinokremmos area, respectively. Continue reading at source: Gold News
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Moody's Upgrades Bank of Cyprus and Hellenic Bank
28 January 2019
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Moody`s Investors Service upgraded Thursday Bank of Cyprus Public Company Limited`s and Hellenic Bank Public Company Ltd long-term deposit ratings to B3 from Caa1, and their long-term Counterparty Risk Ratings (CRRs) to B1 from B2. At the same time, Hellenic Bank`s baseline credit assessment (BCA) and adjusted BCA were upgraded to caa1 from caa2, and its long-term Counterparty Risk Assessment (CRA) to B1(cr) from B2(cr). The outlook on both banks` long-term deposit ratings is positive.According to Moody’s, the upgrade
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First private power station in the works
25 January 2019
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Construction on the main part of the first private power station in Cyprus will start soon, philenews reported.The station will be located near the existing state-owned Vasilikos power plant in Mari, Limassol.According to philenews, the earthworks, some basic infrastructure and the road network of the plant have already been completed and construction for the main infrastructure is expected to start soon. Continue reading at source: in-cyprus.
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SWISS to fly to Larnaca from Geneva
24 January 2019
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SWISS is expanding its route network from Geneva by offering a new connection to Larnaca (Cyprus) from 3 July. This coastal resort joins the list of new summer destinations announced by SWISS in December. Continue reading at source: Cyprus Tourism
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Phase two of Nicosia 'commercial triangle' revamp starts Friday, traffic flow changing
22 January 2019
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Work is due to begin in on January 25, on phase two of Nicosia’s ‘commercial triangle’, the conjunction of Makarios Avenue, Evagoras and Stasikratous, which also encompasses several sidestreets, the municipality announced on Monday.From January 25 vehicles will not be allowed on the following streets: Mnasiadou from its intersection with Makarios Avenue as far as the junction with Stasikratous, Princess de Tyras, Theofanous Theodotos, and Stasikratous from its junction with Themistocles Dervis until the junction with Mnasiadou Street.Drivers,
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Greek trailblazer Tsitsipas storms into Melbourne semi-final
22 January 2019
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By Ian RansomMELBOURNE, Jan 22 (Reuters) – Greek sensation Stefanos Tsitsipas added another thrilling chapter to his Australian Open odyssey on Tuesday, the 20-year-old felling Roberto Bautista Agut 7-5 4-6 6-4 7-6(2) to claim a maiden Grand Slam semi-final for the Mediterranean nation.Having already floored Roger Federer to send shockwaves through the tournament, the 14th seed can create further tennis history for his country when he plays for a spot in the final against Rafa Nadal or Frances Tiafoe.
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Paralimni Marina - Final design revealed
16 January 2019
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The final design of the Paralimni Marina was revealed at an event held at the Hilton Hotel in Nicosia on Tuesday evening.In the presence of the President of the Republic and other officials the event, hosted by PMV Maritime Holdings Limited, was the first official opportunity to see a model of this ambitious project.In his address the President of the Republic said, “This project is more tangible proof of the significant developments in the tourism sector that have been
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Annual survey puts Paphos in ten cheapest destinations for Brits
14 January 2019
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Paphos has been named the ninth best value for money destination for UK holidaymakers by the Post Office Travel Money’s yearly Worldwide Holiday Costs Barometer.The Bulgarian resort of Sunny Beach was named as the resort offering the best value for money break for UK tourists for a second year running.It was found to be the place where Brits will see their pounds stretch furthest in research which saw the Turkish resort of Marmaris in second place while the
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Exxon's drilling: all outcomes are possible
14 January 2019
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THE GOOD news early in 2019 is that drilling of Delphine in block 10 has been completed, as planned, despite the problems encountered towards the end of December. And as expected, and despite the continuous aggressive rhetoric, Turkey did not intervene.The drilling rig, Stena IceMax, has now moved to the also-promising target Glafcos in block 10, with results expected towards the end of next month. In Greek mythology Glafcos was a half man-half fish sea-god with prophetic powers.With
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Exxon completes drilling at 'Delphine', moving on to 'Glafcos'
10 January 2019
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Drilling activities on behalf of ExxonMobil and Qatar Petroleum in the Delphine target in Cyprus’ offshore block 10 have been completed but there will be no announcements until after the end of drilling in the second location the energy consortium has chosen to explore, Energy Minister, George Lakkotrypis, said on Wednesday.The ministry announced that drilling in the Delphine-1 target has been completed and the Stena Icemax drillship has already started operating in Glafcos-1, the second location in block 10
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PwC Cyprus: New edition of tax guide for 2019
08 January 2019
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PwC Cyprus announces the new edition of its practical tax guide for 2019. The practical guide provides general information about Cyprus’ tax system as it is based on current Cyprus legislation and practice and includes the most recent changes in our direct and indirect tax laws.It constitutes a rich source of information for timely and effective tax compliance and planning by legal entities and individuals without, however, substituting specialised professional advice. This is the 27th edition of the tax guide
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International recognition for Hermes' efforts to reduce CO2 emissions
28 December 2018
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Hermes Airports has acquired Level 3 of the ACA Certification for the reduction of its carbon dioxide emissions, just one year after the acquisition of the ACI Airport Carbon Accreditation Level 2.According to an announcement, ACA (Airport Carbon Accreditation) is issued by the ACI (Airports Council International) and focuses on efforts to map, calculate, reduce, optimise and offset carbon dioxide emissions across the globe.There are four levels to the ACA certification, which have so far been acquired by 251
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Cyprus property price index Q2 2018
17 December 2018
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The RICS Cyprus Property Price Index for the second quarter of 2018 reports that residential prices for houses and apartments increased by 1.3% and 2.1% respectively on a quarterly basis.THE THIRTY-FIFTH publication of the RICS Cyprus Property Price Index reports that the average price of residential apartments and houses across the island rose over the first quarter of 2018. Property price increases have been assisted by further signs of recovery in the Cyprus economy, with a seasonally
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Property Gallery and HKCY Hotels Announce PreSales Commencement for Dream Tower
14 December 2018
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As the preparations for the construction works of the newly announced project in Limassol, Dream Towerare already in progress, Property Gallery Holdings Ltd and HKCY Hotels LTD officially announced the commencement of the project’s pre-sales.Dream Tower is the sophisticated architectural project of the developmental consortium between Property Gallery Holdings Ltd and HKCY Hotels Ltd, which has already obtained its planning permit. Continue reading at source: Gold News
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Anastasiades meets May, discusses British bases
14 December 2018
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President Nicos Anastasiades and British Prime Minister Teresa May met briefly on Thursday where they discussed the protocol concerning the sovereign British Bases on the island once – or if – the UK leaves the European Union.According to a statement by government spokesman Prodromos Prodromou, the two leaders conversed briefly in Brussels on the sidelines of the European Council summit.The statement added that May was present at the summit, “having passed the test in the last few days
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Six cents per litre shaved off car and heating fuel tax Updated
13 December 2018
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The parliament plenum on Wednesday unanimously approved a bill to reduce the tax on motor and heating fuel by almost six cents per litreThe reduction will come into effect on December 18.In an extraordinary session, the House plenum voted in favour of the 5.95 cent per litre reduction in consumption tax on petrol, diesel and heating fuel. The tax reduction concerns five cents, but adding the reduction in VAT the total amount comes to 5.95 cents per
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Over 1,400 students attend University of Cyprus' open day
11 December 2018
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For the fourth consecutive year a three-day open day was organised for prospective students at the University of Cyprus at the end of November.During the three days, 1441 students from 22 schools, 16 lyceums, two private schools and four Gymnasiums, visited from all districts in Cyprus.The students had the opportunity to attend targeted presentations by academic staff from 20 departments and to tour the campus. Continue reading at source: Cyprus
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Cupcakes and Christmas gifts as British royal couple visit bases
06 December 2018
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The Duke and Duchess of Cambridge arrived in RAF Akrotiri on Wednesday for a brief visit to show support for overseas British troops at Christmas.Prince William and Kate Middleton visited soldiers and their families living on the base, and other personnel and members of the local community.The Royal Airforce aircraft that flew the royal couple to Cyprus landed at around 2.30pm. The Duke and Duchess of Cambridge were greeted on the runway by the Commander of British
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Cyprus Airways and Blue Air Launch Code-Share Partnership
30 November 2018
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Cyprus Airways and Romanian carrier Blue Air have entered into a codeshare partnership. From the 3rd December 2018, Cyprus Airways’ customers will be able to fly from Larnaca to London Luton, Athens, Thessaloniki and Bucharest through a codeshare agreement with Blue Air. The agreement will allow Cyprus Airways to sell tickets under its own flight code between Larnaca and above Blue Air operated destinations. Similarly, Blue Air will place its flight code on Cyprus Airways flights to Athens, Thessaloniki, Prague,
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Cyprus Airways deal with Blue Air offers better travel options
29 November 2018
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Cyprus Airways and Blue Air announced on Thursday they have signed a code share agreement offering more travel destinations to their customers. As of December 3, customers of Cyprus Airways will be able to travel with Blue Air from Larnaca to London, Luton, Athens, Thessaloniki and Bucharest. The agreement allows Cyprus Airways to sell tickets using its own codes for flight destinations from Larnaca offered by Blue Air. Likewise, Blue Air will be using its own codes for flights of
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CEOs discuss Banking Innovations at the 6th Cyprus Banking Forum
20 November 2018
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The 6th Cyprus Banking Forum presented by Logicom Solutions, will take place on Wednesday, December 5, 2018 at the Hilton Park Hotel in Nicosia. IMH is organizing the event to address the latest developments in the banking sector and provide a commentary on today’s banking ecosystem.Faced with an ever-changing financial landscape and an inevitable out with the old, in with the new attitude, the industry is confronted with the challenge of adapting to new technologies or innovating in its existing structures in order to evolve into the new era
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Cyprus real estate sector looking up
15 November 2018
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Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, with experts confident that sales transactions for 2018 will peak at an eight-year high.A PWC REPORT on the Cyprus Real Estate Market “First Half in Review H1 2018” showed that sale transactions reached 4,470 with the Land registry in H1, creating hopes that sales will surpass 2017’s eight-year high of 8,734. The number of 2018 H1 sales represent an uplift of 24% compared
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Continuing rise in property sales (Update)
02 November 2018
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DURING September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared to September 2017 according to official figures published earlier today by the Department of Lands and Surveys.Property sales have been rising for 17 consecutive months and this September rise follows a rise of 14% in August, 21% in July and 2% in June.During September a total of 687 contracts for the sale of residential and commercial
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Quality Group Announces Construction Plans for the First Executive Residency Zenon Hotel in Cyprus by Best Western
25 October 2018
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On Wednesday October 17th, Quality Group and Sunnyseeker Hospitality officially announced a new impressive hospitality project in Larnaca: Cyprus’ first Executive Residency Zenon Hotel by Best Western Hotels & Resorts.With its “Feel right at home” motto, the Executive Residency Zenon by Best Western is Cyprus’ first serviced apartments hotel of its kind, further enriching Larnaca’s hospitality scene, establishing the coastal city as the new dynamically developed hotel destination in Cyprus.Strategically located within the commercial heart of the city
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Contract for the Limassol Icon signed
24 October 2018
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Contract for the construction of the Limassol ‘Icon’ has been signed between the Imperio Group of Companies and Iacovou Brothers and is expected to be delivered by December 2020.At a height of 125 metres, it will be the fourth tallest building in Cyprus and will be built on Limassol’s coastal road in Germasogia. Work is underway and it is expected to be delivered by December 2020. Continue reading at source: Cyprus Property
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Bill seeks to lower VAT on land for primary residence
23 October 2018
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The government is preparing a bill exempting from payment of the full 19 per cent VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling.Currently, when someone buys a finished housing unit or apartment as their primary dwelling they pay 5 per cent VAT, whereas buying a plot of land for owner-occupied housing incurs a 19 per cent VAT charge.Lawmakers had called for a change, arguing it is unfair to newlyweds who
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Moderate property price rises continue
22 October 2018
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DURING the second quarter of 2018 the Central Bank of Cyprus (CBC) reports that the residential property price index rose by 0.3% over the second quarter of 2018, with the price index for houses and apartments rising by 0.2% and 0.7% respectively.Referring to the price increases as ‘moderate’ except in certain areas, the CBC notes that the index has now recorded increases for eight consecutive quarters. Continue reading at source: Copyright © Cyprus Property
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Paralimni Marina construction underway
22 October 2018
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Construction work has begun on the Paralimni marina, which is expected to be fully operational by mid-2021 and which will and will have a capacity of approximately 300 vessels.THE PROJECT for the construction of the Paralimni marina has commenced according to an announcement by the Department of Fisheries and Marine Research. The department wishes to inform the public that there will be some disruption for vessels at the Paralimni fishing shelter as works begin. Specifically, from Friday October 19,
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Official Opening of Larnacas Radisson Blu Hotel and QBlu Plaza
06 October 2018
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Quality Group and SunnySeeker Hotels officially introduced Larnaca’s latest gem, comprising Radisson Blu Hotel Larnaca and QBlu Plaza, to media representatives at a press conference on Wednesday October 3rd.Embracing a characteristic “Feel the Difference” motto and stylistic approach inspired by blue hues and elements, Radisson Blu Hotel is Cyprus’s first business hotel, while QBlu Plaza significantly enriches Larnaca’s fine dining and high-end shopping scene, becoming the town’s new focal point for social events and more.Strategically positioned beside the port and a mere
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No safe place to swim
02 October 2018
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The most ambitious project for Chlorakas in more than a decade is set to change all thatTHE creation of a new beach, breakwaters and leisure facilities is earmarked for Chlorakas in Paphos, and at a cost of around €4 million, is being hailed as the most ambitious and important project for the area in more than a decade. The project will hopefully get underway next year, according to officials.The beach will also be the first ‘organised and safe area’
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HB Exceeds 150,000 Transactions Daily After CCB Acquisition
25 September 2018
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Hellenic Bank exceeded 150,000 transactions per day after it officially acquired the operations of the state-owned Cyprus Cooperative Bank (CCB) on September 3.According to data given to the Cyprus News Agency by Hellenic Bank, the unified banking network serves more than 65,000 clients daily while transactions has exceeded 150,000 on a daily basis. Continue reading at source: Gold News
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Invest Cyprus Presents Investment Opportunities in Cyprus in view of Brexit
21 September 2018
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The Cyprus Investment Promotion Agency (Invest Cyprus), presented the investment opportunities that Cyprus can offer in view of Brexit, in an event that took place in London, on the future of Europe and Cyprus. The event, which was co-organised by the Agency and Bloomberg, took place on Friday, 21stSeptember at the new headquarters of the international news agency, under the auspices of the President of the Republic, Nicos Anastasiades.In his introductory speech to the event, the President of the
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Cyprus Egypt sign gas pipeline agreement Updated
20 September 2018
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Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt.The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el-Molla.Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and operation of an underwater pipeline directly to Egypt through the two countries’ exclusive economic zones. Continue reading at source: Cyprus
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Two historical mountain properties go under the hammer
12 September 2018
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Two historical properties, reminders of a bygone era and only a stone’s throw from each other in Prodromos village Limassol, went under the hammer on Tuesday at the behest of the Bank of Cyprus but only one was sold, and it wasn’t the abandoned Berengaria Hotel.The house that was sold on Tuesday was owned in the past by well-known Princess Zena Kanther De Tyras, a woman who was born into poverty in a Paphos village, and rescued by an
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UNIC to create First Veterinary School in Cyprus
11 September 2018
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The University of Nicosia has announced an agreement with the Royal Veterinary College (RVC) to create Cyprus’ first veterinary school. This new initiative aims to deliver two new bachelor degrees in Veterinary Medicine in Cyprus. The University anticipates that its first class will commence in September 2020, with students choosing between a five-year course and a four-year accelerated course.The agreement was confirmed by the signing of a Memorandum of Understanding between the two universities on Thursday 30th August, in
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French President expected to visit Cyprus in November
10 September 2018
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French President Emmanuel Macron is expected to visit Cyprus in November for talks with President Nicos Anastasiades, with whom he is set to announce a number of bilateral agreements.The Cyprus News Agency reported that Macron’s visit is also related to an invitation extended to him six months ago by the Rector of the University of Cyprus Constantinos Christofides to attend the inauguration ceremony of the University’s Stelios Ioannou Learning Resource Center that will take place on November 22.The
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Hellenic officially takes over Coop operations (Updated)
04 September 2018
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Hellenic Bank on Monday officially took control of the operations of the state-owned Cyprus Cooperative Bank (CCB), with officials saying the transition went without a glitch.Following a takeover agreement with the state, Hellenic is now running the co-operative’s network of branches.“The acquisition is expected to accelerate the bank’s strategy of strengthening its banking franchise across Cyprus with an enlarged and diversified customer base. This expansion establishes Hellenic Bank as the leading retail and SME bank in Cyprus,” said
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Indian presidents visit highlights long links with Cyprus
03 September 2018
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The Indian President Ram Nath Kovind’s three-day visit to Cyprus starting on Sunday follows President Nicos Anastasiades’ visit to India last year and is part of the two countries’ efforts to promote a strong trade and business relationship.The two countries have been of extensive mutual support in international forums over the years and during this visit, the two sides are expected to finalise a number of bilateral agreements.Kovind arrives on Sunday accompanied by high-ranking officials.During the evening, the
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Nicosia Mall at 100 per cent
01 September 2018
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The wait for Nicosia’s largest shopping mall is coming to an end and the results present a promising environment.One hundred per cent of the available space, which amounts to 150 stores, has been sold to known brands including Kipling, Topshop and Topman, Vans, The North Face, Lee and more.Shopping clearly lies at the heart of Nicosia Mall and it has a strategic choice of fashion, beauty and leisure stores and the island’s largest number of sporting brands under
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Residential Properties in Cyprus Continue Upward Trend
28 August 2018
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Residential Properties Index in Cyprus rose by a quarterly 0.6% in the first quarter of 2018, continuing its upward trend for seven consecutive quarters, the Central Bank of Cyprus has said.The Residential Properties Index (comprising both houses and apartments) in the first quarter reached 75 units from 74.6 units the previous quarter, the CBC said, following an upward trajectory since the third quarter of 2016.On an annual basis, the Residential Properties Index rose by 1.8%,
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Cyprus Airways Launches Online Check-In
21 August 2018
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Cyprus Airways has announced the launch of its web check-in service. Cyprus Airways' passengers now have the option of checking in for their flights online at cyprusairways.com. This simple and convenient service allows passengers to save time at the airport and allows self-assignment of seats in the cabin. The online check-in service is available for all the flights departing from Larnaca, Tel Aviv and St. Petersburg. More destinations will be introduced in the coming months. Continue reading at Source:
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One in three property sales to non-EU buyers
17 August 2018
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There has been a steady increase in property sales and in the number of properties sold to foreign buyers, Philenews reported on Thursday.It said that the latest figures from the Land and Surveys Department show that a total number of 5,366 sales contracts were submitted in the first seven months of the year, up 23% over the same period the previous year. Sales to foreign buyers stood at 2613 or 48.7%.One in three sales involved non EU-residents.
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Level airline launches Larnaca to Vienna route
14 August 2018
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Low-cost airline Level launched its new Larnaca-Vienna route with its first flight on August 11, it was announced on Monday.This airline, operational since June 2017, will offer Larnaca-Vienna flights three to five times a week on an Airbus A321 aircraft. Continue reading at Source: Cyprus
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AstroBank Grows by 55% by Acquiring the Banking Business of USB Bank
07 August 2018
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In conformity with its growth strategy, AstroBank Limited has announced that it has signed an agreement with USB Bank PLC to acquire the banking business including the staff of USB, excluding only certain assets. The agreement is expected to be completed before the end of the year following the necessary approvals from the regulatory authorities and completion of other formalities. The transaction will be financed from own resources and supported by a capital raise, primarily from AstroBank’s existing shareholders, currently
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Worlds largest passenger plane drops in to Larnaca
03 August 2018
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The world’s largest passenger plane, an Airbus A380, landed in Larnaca early on Thursday after departing from Denmark at 8.15pm the day before.The plane, which ordinarily would be used to reach destinations far from Copenhagen, was reportedly used because tour operator Thomas Cook was left without an aircraft following a technical problem on the Greek island of Rhodes which left the operator short of a plane. The plane was leased from Hi-Fly, which is leasing it from owner
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Nicosia signs contract for city centre revamp
02 August 2018
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The Nicosia municipality on Wednesday signed the contracts for the first stage of revamping the capital’s one-time commercial centre with work set to start in September this year.The contract for the project to overhaul the triangle between Makarios Avenue, Stasicratous Street and Evagoras Avenue, was awarded to Cybarco-Panayides. Work on the first stage is scheduled to start on September 3. It will cost an estimated €8m and is expected to take 16 months.The project aims to turn the
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SPAR to open a supermarket in Larnaca
01 August 2018
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The international supermarket giant SPAR will open its first shop in Larnaca in cooperation with ERMES, a member of the CTC Group.The shop will open by the end of August in the city centre of Larnaca and the group plans to open more than 20 stores across Cyprus in the short term.The new store will be 1,300m2 with parking. A full range of products will be available but the focus will be on fresh products – fruits, vegetables,
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Germania Adds Three New Routes Connecting Germany with Cyprus
01 August 2018
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Germania unveiled that it will be adding three new routes to its Cyprus network for Summer 2019.Continuing on its promise to develop its flight service to and from Cyprus, new routes between Larnaca and Bremen, Dresden and Münster Osnabrück are set to be introduced, the Cyprus Traveller reports.At present, Germania operates services to/from Paphos Airport and five direct German destinations: Düsseldorf, Berlin, Hamburg, Nuremberg and Dresden.Services onboard the low-cost carrier feature drinks and snacks which are included
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Concert and radiomarathon organised in aid of Greece
31 July 2018
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By Kristian ChrysostomouCyprus’ efforts to help Greece deal with the after-effects of last week’s devastating fire continue this week with a free concert in Nicosia on Tuesday headlined by Anna Vissi and Antonis Remos.The concert at the Nicosia municipal park, organised by ‘Hope for Children’, will take place on July 31 between 5pm and 11pm in Nicosia’s municipal park near the House of Representatives. The bands performing will include Neon Knights, Cashiers and The Fuse.Tickets for €1, €2
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Energy cooperation will ensure regional peace says president
27 July 2018
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Cooperation in hydrocarbons development can have a positive effect in the political relations between the Eastern Mediterranean countries, building the foundations for regional peace, President Nicos Anastasiades said on Thursday.He was addressing the new ambassadors of Switzerland, Portugal, the Holy See, Laos, Latvia, Ecuador, Moldova, Dominican Republic, Uganda and Nigeria to Cyprus, who presented their credentials in a ceremony at the Presidential Palace.The president assured them that the government and he personally, would provide every assistance and support
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Town planning approves permit for Geroskipou high rise
26 July 2018
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The town planning department has approved a permit to construct two 12-storey buildings and 122 apartments in Geroskipou in Paphos as part of the Peninsula Resort project, Atum Developments said in a statement.Included in the project is an international brand 5-star hotel resort, for which another permit application has already been submitted.The company said the Peninsula Resort project is being implemented in parallel with the Eden City project, which is still being discussed with the state. Continue reading
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Petition Launched to Reinstate Ferry Link between Greece and Cyprus
23 July 2018
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An online campaign calling for the reinstatement of a ferry service connecting Piraeus in Greece with Limassol , has thus far gathered over 11,400 signatures on avaaz.org.A Cyprus-based group launched the campaign in efforts to exert pressure on the governments of Greece and Cyprus to reinstate the ferry link which was discontinued 18 years ago.Translated into seven languages, the online petition is addressed to the mayors of Limassol and Piraeus, the Cypriot president and the head of
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Japanese FM visiting to inaugurate firstever embassy of Japan in Cyprus
23 July 2018
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Japanese state minister for foreign affairs Kazuyuki Nakane will be in Cyprus o Monday on an official visit during which he will meet his Cypriot counterpart Nicos Christodoulides.At the meeting, which will take place at 5pm at the foreign ministry, the two are expected to discuss, among other things, bilateral relations and ways of strengthening them in fields such as trade, investment, tourism and crisis management. They will also discuss the Cyprus issue, as well as regional and international
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Monaco Telecom to Acquire MTN Cyprus
16 July 2018
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As of today, MTN Cyprus is at the forefront of the creation of a new, dynamic European family of telecoms companies.MTN and Monaco Telecom have agreed on the acquisition of the entire issued share capital of MTN Cyprus by Monaco Telecom. The transaction, costing €260 million, is expected to be completed in the third quarter of 2018.Monaco Telecom is the incumbent operator of the Principality of Monaco. It has a long tradition of innovation in mobile, fixed broadband
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Minister impressed with progress on Ayia Napa marina
10 July 2018
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Minister of Energy, Commerce and Tourism Giorgos Lakkotrypis and a team of ministry officials visited the site of the Ayia Napa marina on Monday to monitor the progress of the construction works.The main breakwater is nearly completed and preparations for the construction of one of the two towers in which 190 apartments will be housed are progressing. The towers will be built during the second phase of the project.The second phase also includes the construction of 29 luxury
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Lidl Cyprus Stops Sale of SingleUse Plastics by End 2019
06 July 2018
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Lidl Cyprus has announced that by the end of 2019 it will stop the sale of single-use plastics such as straws, cups and plates, cutlery and cotton buds in all its 17 stores operating in Cyprus.“Products made from alternative and recyclable materials will take their place, for which the company is already cooperating with its suppliers,” a Lidl Cyprus press release says.The company says that “it will set a goal to abolish and adapt straws which are also
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CSC Report Cyprus is the Largest Shipmanagement Centre in the EU
30 June 2018
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Reviewing 2017, the Cyprus Registry ranked again as the 11th largest merchant fleet worldwide and the 3rd largest fleet in the European Union (EU). According to the Cyprus Shipping Chamber’s Annual Report for 2017, Cyprus is considered to be the largest Shipmanagement Centre in the EU and among the three largest globally.Furthermore, in excess of 200 internationally known and recognised Shipowning, Shipmanagement, Chartering and Shipping related companies operate from Cyprus. The wider Shipping Sector employs approximately 4,500 employees ashore
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Official Opening of National CSIRT Cyprus
29 June 2018
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The official opening of the National CSIRT of Cyprus (Computer Security Incident Response Team) took place on Monday 25th June 2018 at the Team’s premises in Nicosia by the Minister of Transport, Communications and Works, Vasiliki Anastasiadou. Also present at the ceremony were George Michaelides the Commissioner of Electronic Communications and Postal Regulation, the Deputy Commissioner Petros Galides and Brahima Sanou, Director of the Telecommunication Development Bureau of International Telecommunication Union (ITU).The National CSIRT is the Computer Security Incident
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British Airways Increases Flights between Larnaca and Heathrow Terminal 5
28 June 2018
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British Airways has announced a significant increase in the number of flights from Larnaca International Airport to London Heathrow Terminal 5. Particularly convenient for all passengers wishing to travel to the United States, the additional Monday, Wednesday and Sunday flights now offer same-day connections with very attractive fares to the buzzing cities of New York and Boston. Tickets at competitive prices will be on sale from now until July 2, 2018.The new schedule, boosted with three additional weekly flights,
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US working to strengthen security and energy ties with Cyprus
27 June 2018
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The US is working to strengthen security and energy cooperation with Cyprus, Assistant Secretary of State for European and Eurasian Affairs Wes Mitchell told Congress’ Foreign Affairs Committee on Tuesday.He noted that Washington is constructing a long-term strategy to bolster their presence in the Eastern Mediterranean.“We are cultivating Greece as an anchor of stability in the Mediterranean and Western Balkans and working to systematically strengthen security and energy cooperation with Cyprus,” Mitchell said. Continue reading at source: Cyprus
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Acceptance of HBs Final Offer to Acquire CCB
19 June 2018
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Further to the announcement made by Hellenic Bank Public Company Limited (the “Company”) on 15 June 2018, that it submitted a final offer (the “Final Offer”) for the acquisition (the “Acquisition”) of certain assets and liabilities of the Cyprus Cooperative Bank Ltd (“CCB”), and further to the statement by the Minister of Finance that the Council of Ministers of the Republic of Cyprus is supportive of the Company’s Final Offer, subject to submission of a capital plan by the Company,
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Astrobank Announces Strategic Partnership with Swiss Asset Manager Crescendo Capital
12 June 2018
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AstroBank Private Banking is pleased to announce a strategic partnership with Geneva-based boutique Asset Manager Crescendo Capital S.A., the core wealth management business of Crescendo Group. With affiliated businesses in London, Guernsey, Manchester and the Americas, Crescendo Capital has a global capability for sourcing opportunities and servicing High Net Worth Individuals and Family Offices.‘This collaboration enhances our Private Banking offering by combining our local personalised service with a fuller range of asset management solutions. It brings Swiss
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Austrian airline to start flights from Paphos to Vienna
08 June 2018
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Austrian airline Laudamotion is about to start flights from Vienna to Paphos, a move welcomed by the Paphos regional tourism board on Wednesday.According to an announcement from the board, this development is particularly important and promising, as through Vienna, Paphos is linked to many airports and priority countries.At the same time, the announcement said, this “fully complies with the efforts made to expand the tourist season, develop new markets and specific forms of tourism”.Read More at Source: Cyprus
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Ground broken for casino resort
08 June 2018
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The groundbreaking ceremony for the new casino resort was underway on Friday in Limassol attended by President Nicos Anastasiades who described it a “historic day” and a “major milestone” for Cyprus.Anastasiades said City of Dreams Mediterranean constituted the biggest investment project undertaken in Cyprus and expressed his “sincerest appreciation” to Lawrence Ho, Chairman and CEO of Melco and his team and the CNS Group and Melis Shiakolas, for the confidence they displayed in the economy of Cyprus and its promising
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Daily Mail Cyprus amongst the ultimate hidden treasure destinations for 2018
08 June 2018
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Larnaca and Paphos amongst the top 50 European destinations for Brits in 2018!British media outlet Daily Mail mentions the best holidays for Brits this summer in Europe in a recent article.A popular travel site Kayak.co.uk analysed searches made by Brits for holidays beyond the continent in July and August and discovered that demand for trips to Cyprus and specifically Larnaca and Paphos are brits popular demand.Read More from Source: Cyprus
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Anastasiades Nicosia Looks Forward To Working with Rome
08 June 2018
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President of the Republic of Cyprus Nicos Anastasiades has sent a congratulatory message to Italy’s new Prime Minister Giuseppe Conte, and expressed his wish to work with him for the smooth realization of the potential of bilateral relations, arising from the discovery of hydrocarbons in Cyprus’ Exclusive Economic Zone and the active presence of ENI. “I would like to congratulate you on the assumption of your high duties as President of the Council of Ministers of the Italian Republic and
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Property transactions up 10 in May land registry says
07 June 2018
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The number of property transactions rose an annual 10 per cent in May, to 828, the highest in 2018, on a strong increase in Nicosia and Famagusta, the land department said.The number of property sales in Nicosia rose 30 per cent, to 153 compared to the respective month of 2017, while in the district of Famagusta they rose 108 per cent, to 79, the Department of Lands and Surveys said in a statement.Read More from the Source: Cyprus
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RCB Bank Records Profit of 972M in 2017
05 June 2018
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RCB Bank Ltd has published the consolidated financial statements for 2017, approved by the Board of Directors.In 2017, the net profit after tax demonstrated 19% growth in comparison to 2016 and amounted to 97.2 million Euros. RCB Bank has been consistently profitable for the last five years. The main driver behind the growth in profits was the increase of non-interest income from 23.4 million Euros in 2016 to 35.6 million Euros in 2017, the extension of
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TUS Airways Launches its Summer Sales with Special Prices
05 June 2018
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The Cyprus-based TUS Airways: "The Ultimate Schedule" has launched its summer sales, offering special prices for the pre-booking of a limited number of seats for flights to selected destinations in the period between the 1st June and the 27th October 2018. As part of the summer sale, the prices for one-way tickets from Larnaca to Athens start from 52 Euros, to Thessaloniki from 54 Euros, to Alexandroupoli from 65 Euros, to Araxos-Patra from 65 Euros and to Rome from 70
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Changing the face of Limassol
04 June 2018
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By Andria KadesA company that says it has helped changed the face of Limassol is now in the midst of constructing a trio of towers in the heart of the city.Dubbed ‘Trilogy’ the ambitious project, taken up by Cybarco, spans 21,500 square metres of land, with the towers ranging from 36 to 39 levels, reaching a height of 161 meters.The allure of high buildings for office space or residential apartments is the inevitable view of the sea according
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President welcomes long standing friendship with Russia
04 June 2018
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President Nicos Anastasiades spoke of the long term relations between Cyprus and Russia that have proved resistant to challenges during an opening address at the 13th Cyprus-Russian festival in Limassol on Saturday night.He said through the festival the two countries share their rich culture and traditions, celebrating their friendship and honouring their bonds.As is well known, the president said Cyprus and Russie have a historic relationship characterized by deep friendship and co-operation between the two populations, which “we
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Gulf Air Enters a New Era
29 May 2018
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Summer is fast approaching and Gulf Air has introduced a brand new identity, including a redesigned logo of the airline’s majestic falcon, along with rolling out many positive developments that include a new, modern incoming fleet and an expanding network.Gulf Air increased its flights from Bahrain to Larnaca permanently from 5 times a week to daily, while aiming to strengthen Bahrain’s strategic business and tourism links. Further additions to its flight schedule will also be made from mid-June until
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Cyprus Airways announces the launch of ticket sales for flights from Larnaca to Chania for summer 2018
24 May 2018
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Larnaca, Cyprus – Cyprus Airways announces the launch of ticket sales for flights from Larnaca to Chania, for July and August 2018. Direct flights from Larnaca to Chania will begin on 14th of July 2018. Cyprus Airways will connect Larnaca with Chania, twice a week, every Tuesday and Saturday.“We are excited to add Chania to our network for the months of July and August. Chania is one of the most beautiful and picturesque places in Greece and a very
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Cyprus will remain a safe haven for those in need minister says at launch of Argonaftis
24 May 2018
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Cyprus will remain a safe haven for those in need, especially for the refugees who are forced to abandon their homes and families, Defence Minister Savvas Angelides said on Wednesday at the start of the international maritime search and rescue exercise Argonaftis 2018.Over 40 countries are taking part in, or are observing, the exercise – which ends on Friday – from the ‘Zenon’ joint search and rescue coordinating centre in Larnaca.Angelides said Argonaftis was the biggest such exercise
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Rights for Britons to live in Cyprus as they do now secured
23 May 2018
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We have secured the right for UK nationals to continue living their life in Cyprus as they do now, new UK High Commissioner Stephen Lillie said in an open letter to UK nationals living on the island on Tuesday, strongly urging those who have not yet done so, to register as residents with the Cypriot authorities, if they wish to continue to live in Cyprus.Furthermore, he assured that “we will continue to work closely with the Cypriot government to
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Melco Holds Exclusive Preview of Morpheus the New Hotel at City of Dreams
17 May 2018
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Melco Resorts & Entertainment Limited, a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, held an exclusive preview of Morpheus, the new hotel at City of Dreams. Melco is working closely with the Macau government to obtain all licenses required for the hotel opening, targeting to open its doors to the public on June 15, 2018. Designed by late Dame Zaha Hadid, the USD 1.1 billion iconic landmark is integral to the relaunch
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Opening of Japanese Embassy base for enhancing bilateral ties
12 May 2018
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The opening of the Embassy of Japan in Cyprus in January this year is the symbolic representation of the deepening mutual relations between the two countries and it will be the base of further enhancement and expansion of bilateral ties in areas including politics, economy, trade, culture, education, science and technology, ambassador Shinichi Nakatsugawa said on Friday.Presenting his credentials to President Nicos Anastasiades, the ambassador said the active exchange of high level bilateral visits is also important for the
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Cyprus launches visa application centres in the UK
12 May 2018
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By Stelios OrphanidesCyprus’s embassy in London had four “visa application centres” launched by the UK-based VFS Global, tasked with accepting applications for visas from residents of the UK, which two years ago voted to leave the European Union.“Although UK visitors do not need a visa if they are staying less than 90 days, the new service will be of use to those who stay longer, such as those with holiday homes, those who spend more time in Cyprus visiting
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Xenion pupils on 30 hour work fast to raise awareness of poverty
08 May 2018
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Inspired by NGO World Visions ’30 hour famine’, a programme dedicated to the well-being of children, 30 pupils of Xenion High school in Paralimni went without food for 30 hours recently.The idea was for the teenagers to drink only water and sleep rough while also taking part in activities designed to raise their understanding of what it means to be poor and other actions helping their community.“The fast started on Friday morning at 7am, when they had their
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Steady progress on Ayia Napa marina says developer
26 April 2018
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More than 55 per cent of the residential properties in the Eastern Tower of the Ayia Napa marina project, have already been sold, developers of the project said on Wednesday in a progress report on the €220 million project.The project, in which the Egyptian investor Naguib Sawiris’ Gemini Real Estate Ltd has an 80 per cent stake and the Cyprus-based Caramondanis Group a 20 per cent stake, is scheduled to be to be completely finished by 2021. The marina
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Investor reaches deal with Larnaca mayor over luxury hotel
24 April 2018
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Amendments made to the agreement between a Russian investor who plans to build a five-star hotel at the Phinikoudes beach and the Larnaca municipality are subject to approval by the cabinet, the town’s mayor said on Monday.“This is a complementary agreement between the two sides, which concerns the new terms of repayment by the investor for the municipal unit located on Athens avenue which he bought. The supplementary agreement was forwarded to the ministry of the interior to be
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Cyprus is very safe say UK tourism officials
17 April 2018
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UK media reports about ‘terrified Britons’ ready to ‘flee Cyprus’ in the run-up and immediate aftermath of air strikes on Syrian government targets from the RAF base at Akrotiri early Saturday were described as scaremongering by officials on Monday.British tabloids spoke to a number of potential holidaymakers and people who have relatives living in Cyprus who appeared to fear Russian retaliation against the bases over the airstrikes.UK Prime Minister Theresa May had called President Nicos Anastasiades on Saturday,
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Tax break for young couples buying land for first home
17 April 2018
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The government has submitted to parliament a draft bill indirectly exempting from payment of 19 per cent VAT young couples who buy land for the purpose of building a primary residence.The issue is related to the passage of a law last November imposing 19 per cent VAT on building land.In its wake, persons buying a finished housing unit or apartment as their primary dwelling must pay 5 per cent VAT, whereas purchasing a plot of land for owner-occupied
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Anastasiades congratulates Cypriot athletes on success in Commonwealth Games
16 April 2018
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Cypriot athletes who competed in the 21st Commonwealth Games, in Queensland, Australia managed to place Cyprus in 10th place, with 14 medals.In a written statement on Sunday, President Nicos Anastasiades conveyed his “warmest congratulations to all those who represented our country in the Commonwealth Games, which were hosted in Australia.”The results, he said, “confirm that sports are day by day becoming more competitive in our country and they not only make us proud but also create an obligation
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Papaellinas family buys Alpha TV channel
12 April 2018
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Television channel Alpha has been bought by members of the Papaellinas family, which also owns the Alfa Mega supermarket chain, for €7m, it was announced on Wednesday.A statement issued by Alpha Cyprus said an initial agreement has been made for the acquisition of all the company’s shares by members of the Papaellinas family, which also owns the Papaellinas Group.The agreement is subject to the approval of the island’s broadcasting watchdog. Continue
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Cyprus Egypt preparing ground for gas pipeline foreign minister says Updated
11 April 2018
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Cyprus and Egypt will be ready in the near future to sign an agreement on a direct undersea natural gas pipeline from Cyprus’ exclusive economic zone to a liquefied natural gas plant in Egypt, Foreign Minister Nicos Christodoulides said.The minister, visiting Cairo on Tuesday, said: “We believe that there is a bright future for the cooperation between Cyprus and Egypt in the field of hydrocarbons as our cooperation is based on solid foundations.”In a joint press conference after
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Limassol mulls sea taxis
11 April 2018
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Limassol municipality has decided to look into the possibility of introducing water taxis to the sea around the city, daily Politis reported on Tuesday.The town is hoping to take advantage of the European programme Sumport – sustainability urban mobility in Med port cities – which aims at supporting the uptake of sustainable urban mobility plans (Sumps) and at implementing them at a local level through several pilot actions.In Limassol, the plan reportedly is to cover a distance of
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Anastasiades meets Blair in Cyprus on private visit
05 April 2018
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Former British Prime Minister Tony Blair met with President Nicos Anastasiades on Wednesday at the presidential palace in Nicosia.Blair, in Cyprus on a private visit, told reporters after the meeting that the two had an excellent discussion.Lasting over an hour, they spoke about the Cyprus problem, challenges in the Middle East region and the ties between Cyprus and the UK.Blair said they discussed “the strong ties between our two countries and the importance of keeping those ties
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First Flight of Cyprus Airways from Larnaca to Beirut
04 April 2018
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Cyprus Airways' first flight from Larnaca to Beirut took place on the 29th March 2018. The flight departed from Larnaca at 10:40 in the morning and landed in Beirut at 11:20. “We are absolutely delighted to introduce Beirut on our network and feel that this route will be a popular choice for short break holidays for both Lebanese and Cyprus markets” stated Natalia Popova, Chief Commercial Officer of Cyprus Airways.Cyprus Airways will connect Larnaca with Beirut, initially with 2
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Athens International Airport Welcomes First Cyprus Airways Flight from Larnaca to Athens
03 April 2018
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Cyprus Airways first flight to Athens departed from Larnaca at 3:00 in the afternoon and landed in Athens at 4:45. Athens International Airport welcomed Cyprus Airways aircraft with the ceremonial water cannon salute, followed by the “ribbon bonding” ceremony for the official guests and passengers, at the A5 Gate, symbolizing the air link between the two countries.Cyprus Airways will connect Larnaca with Athens, initially with 2 flights a week and 4 flights a week from June 1, 2018.Return
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Expecting urban planning golf in Ayia Napa
30 March 2018
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The planning permission to complete the final negotiations with the interested investors and to begin the construction works on the one hand expects the company that has undertaken the development of a golf course in the forest of Ayia Napa.The permits are expected to be issued in 2018 to start the project soon with the construction of the golf course on 14 Nagorabad landscapes Cavo Greco, the total area of which exceeds the 104,000 sq. m.The cost of
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Rebranded Cyprus Airways completes inaugural flight
30 March 2018
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Rebranded Cyprus Airways on Thursday carried out its first flight to Athens, as previously announced.The Airbus A319 aircraft landed at Athens’ international airport at 4.45pm, according to a press release.On the tarmac, the aircraft was greeted with a water arch.Cyprus Airways will initially fly to Athens twice a week, and four times a week as of June 1.Ticket fares for the Larnaca-Athens return trip start from €97, all taxes and surcharges included. Tickets may be
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New airline adds flights to Paphos
27 March 2018
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Right in time for the start of the peak travel season, a new Austrian airline will offer flights and connections to Paphos Airport.After performing its inaugural flight last week, the company has now made flights available for booking, ahead of its first Cyprus flights at the beginning of June.Laudamotion is the latest development in the history of the successful airline NIKI. Ever since it was first founded in November 2003, NIKI has been continuously expanding both its fleet
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Decision on Paphos Marina due in weeks
26 March 2018
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A new administrative marina management committee has been appointed by the council of ministers and is currently examining documents and paperwork submitted as part of the tender process for the highly anticipated Paphos marina.Head of the Paphos Chamber of Commerce (EVE) Andreas Demetriades told the Cyprus Mail he expects a decision in two to three weeks between the two remaining bids and work to finally get underway on the facility at Potima Bay in Kissonerga.“Because of successful recourse brought by the Poseidon consortium to
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Trilogy Limassol Seafront Officially Launches Property Sales
22 March 2018
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Trilogy Limassol Seafront, the integrated beachfront development by Cybarco - currently under construction on Limassol’s coastline - has announced the official launch of sales for the luxury apartments and offices in its two front towers. The West Tower is due for delivery at the end of 2021 and the East Tower will follow just three months later, in March 2022.The sales launch comes in conjunction with the opening of the new Cybarco sales office on the project site, now
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Marr The new residential tower of 110 meters
21 March 2018
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The construction of the new residential building in Germasogeia by Marr Cyprus, which combines the advantages of central location, security and inspired architecture, is underway.The Marr Tower will consist of a total of 65 apartments, while its total height reaches 110 meters. In particular, it offers a choice of 1-3 bedroom apartments, as well as two duplex penthouse with roof garden, all with a height of 3.40 meters.Continue
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Ryanair Additional 12 routes to Paphos for winter 20182019
07 March 2018
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The Touristic Development and Propagation Company of Paphos Region (ETAP) is particularly keen to welcome Ryanair's decision to extend its winter program to Pafos International Airport and continue several regular flights on a year-round basis.Particularly excellent developments in Ryanair's decision are the routes connecting Pafos with Ireland, Tel-Aviv, UK airports, Amman, Krakow, Bratislava (Vienna) and the Baltic Sea, which are strategically important and upgraded the destination Paphos and Paphos International Airport.This development is of exceptional and strategic importance
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Limassol Del Mar Construction Assigned to a Consortium of Four Companies
05 March 2018
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Cypeir Properties Ltd has announced assignment of the construction works of Limassol Del Mar, the fully licensed luxurious project, to the consortium of companies, which includes Atlaspantou Co Ltd, MAN Enterprise, ICM Group and CMB Società Cooperativa. These companies have a wide expertise in the field of high-rise developments and the assignment decision leaned towards them due to their eminent professionalism, international standards and novelty in successfully delivering Limassol Del Mar, the development project of international standards.One of the
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Rob Shuter MTN Cyprus Reports 10% YoY Revenue Growth
02 March 2018
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Rob Shuter, MTN Group CEO, visited MTN Cyprus on February 13th, 2018 together with Ismail Jaroudi Vice President of MENA region. Rob Shuter, recognizing MTN Cyprus’ strong performance during 2017, met with Cyprus’ executive team and staff and congratulated them for their efforts that positioned MTN Cyprus not only as the fastest-growing telecommunications provider in Cyprus but also as one of the top telecommunications companies in Europe to report a 10% year on year revenue growth.Specifically, MTN has increased
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HB 2017 A Year of Strategic Progress
02 March 2018
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During 2017 Hellenic Bank made further progress towards achieving its strategic targets by completing major initiatives to further strengthen the Group’s balance sheet and enhance its earnings capacity.Hellenic Bank was the first Cypriot Bank to agree an NPES portfolio sale, totaling €145 million while setting up the first independent debt server in Cyprus. Organic reduction of NPEs for 9 consecutive quarters, coupled with the NPEs sale, resulted in an NPEs ratio of 53%. The Group maintains its strong capital
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Trilogy Limassol Seafront Launches its Website
01 March 2018
5 Comments
Trilogy Limassol Seafront, the latest destination emerging on the Limassol coastline, has launched its website trilogylimassol.com, inviting visitors to discover the integrated beachfront development online, while becoming better acquainted with all the unique features that make Trilogy the ultimate place to live, work and play in Cyprus.Premium and elegant, like the brand, the website has been designed to offer a user-friendly experience, allowing visitors to easily navigate through the project’s masterplan and get a taste of the lifestyle
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Larnaca Port Expected to Generate Revenue of Over 95M in 2018
28 February 2018
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Larnaca Port is expected to generate revenue of over €9.5 million this year, due to an increase in activities, mainly due to additional cargo reaching the port from Europe, destined for exclusive economic zone works in Egypt and Israel.Speaking before the Committee of Finance at the House of Representatives, which discussed the Cyprus Ports Authority (CPA) budget for 2018, Chairman of the CPA Petros Krassas said that Larnaca Port was working to its full capacity.He explained that
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Funds take off in Cyprus
27 February 2018
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Cyprus is gaining ground on investment funds as, according to the Central Bank's data, the total assets of investment funds in Cyprus have almost tripled since 2008 to 2017, with the figure last December amounting to € 3.45 billion, while the number of investment funds at the end of 2017 stood at 114 compared to 55 in 2008, which is the largest number of registered investment funds ever in Cyprus. These figures show that Cyprus is heading in the
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Aristo Developers Participates in International Exhibitions in September
26 February 2018
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Continuing its firm grip in the Cyprus Real Estate market, Aristo Developers has entered 2018 with a firm presence at international property fairs throughout January.In particular, the Company featured in exhibitions and business forums held in Iran, Switzerland, China and the United States of America, while expanding its existing network of partners by implementing committed growth strategy in many new markets.Continue
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Tourist Arrivals Increases In January By 212
23 February 2018
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Arrivals of tourists increased in January 2018 by over 21% compared to last year.According to the Statistical Service of Cyprus, on the basis of the results of the Passengers Survey, arrivals of tourists reached 75.867 in January 2018 compared to 62.611 in January 2017, recording an increase of 21.2%.January 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.Tourist arrivals from the United Kingdom increased by 14.6%
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Property Prices Increase Significantly In Q3 2017
23 February 2018
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An increase of 7.4% in apartment prices and 4.2% in house prices on an annual basis was recorded by RICS’ Cyprus Property Price Index.Across Cyprus, on an annual basis (compared to Q3 2016), the price of flats increased by 7.4%, houses by 4.2%, offices by 8.8%, warehouses by 4.4% and retail by 4.5%.The Property Price Index has recorded increases on an annual basis in all cities and asset classes, with significant
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Cobalt Air Adds Access to Abu Dhabi from Larnaca
20 February 2018
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Hot on the heels of this week’s earlier route announcement to Düsseldorf, Cobalt Air is proud to announce a new three times weekly service linking Abu Dhabi with Larnaca, beginning on 25 February. Cyprus’ largest airline will offer its new signature business class on the route.Continue
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Anastasiades the first Cyprus President to visit Saudi Arabia
29 December 2017
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President of the Republic of Cyprus, Nicos Anastasiades, will be in Saudi Arabia on the January 2, to pay the first visit by a Cypriot President to the country.CNA has learnt that the President will be accompanied in Riyadh by the Ministers of Foreign Affairs, Energy, Defence and Transport and the Government Spokesman.President Anastasiades’ meetings will take place on the 3rd of January.Government sources have told CNA that the visit is important and symbolic, as it is
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Cyprus A Future Superyacht Hub
18 December 2017
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Cyprus is quickly becoming a sought-after superyacht destination, and that new activity is focused on the rapidly-expanding Ayia Napa Marina. With a new office in the heart of the marina, we speak to Stelios Kazamia, Director of Hill Robinson Cyprus, about the growing attraction of the island and the opportunities created by the uncertainty of Brexit.After holding a presence in Cyprus with Hill Robinson Nicosia since 2012, the new initiative to move the regional and industry expertise to Limassol
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Building Permits Increase by 45 in 2017
11 December 2017
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During the period January – September 2017, 4,281 building permits were issued compared to 3,901 in the corresponding period of the previous year, according to data published by the Statistical Service of Cyprus.The total value of these permits increased by 44.8% and the total area by 37.2%. The number of dwelling units recorded an increase of 35.1%.The Statistical Service announced that the number of building permits authorized by the municipal authorities and the district administration
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November property sales up 39
06 December 2017
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Property sales in Cyprus rose 39 per cent in November compared with November 2016 with sales increasing in all districts according to official figures from the Department of Lands and Surveys.THE NUMBER of property sales during November rose 39 per cent compared to November 2016 according to official statistics published by the Department of Lands and Surveys earlier today. This rise follows a rise of 18% in October, an 8% rise in September, and a 27% rise in August.
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Reduced VAT on property purchase
04 December 2017
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Those buying a property in Cyprus as their main residence may apply for a reduced rate of VAT of 5% on the purchase price/construction cost of a new dwelling providing they meet certain criteria. This information leaflet from the Tax Department provides a general guidance on the purchase/construction of a new dwelling in the Republic of Cyprus. For any further information or special advice, please contact our VAT District Offices in all towns.Introduction As from the 1st of October
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Cyprus issues 16970 first time residence permits in 2016
20 November 2017
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In 2016, about 3.4 million first residence permits were issued in the European Union (EU) to non-EU citizens, a record number since comparable data are available (2008) and up by 28% (or nearly 735 000 residence permits) compared with 2015. This increase was mainly due to the larger number of first permits issued for `other reasons` (+64%) as well as for employment reasons (+21%), the Cyprus News Agency reports.Employment reasons accounted for a quarter (25.4%) of all
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Record number of Tourist arrival in october
20 November 2017
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October saw the highest number of tourist arrivals in Cyprus ever recorded in the tenth month of the year, the Statistical Service of Cyprus has reported.Cystat announced that on the basis of the results of the passengers survey, arrivals of tourists reached 406.870 in October 2017 compared to 357.194 in October 2016, recording an increase of 13.9%.“October 2017 had the highest number of tourist arrivals ever recorded in Cyprus during the specific month” Cystat noted.
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September property sales up by 8 percent
13 October 2017
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The number of property sales in Cyprus during September rose 18 per cent compared to September 2016 according to official statistics published by the Department of Lands and Surveys earlier today. This rise follows a 27% increase in August, an 18% increase in July, and a 28% increase in June. During September a total of 602 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with
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High hopes for the coming Winter tourism season
09 October 2017
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An extra 250,000 airline seats are being added for the coming winter tourism season, meaning a 20% increase in the number of arrivals between November and March. Although summer arrivals have reached record levels over the past two years with an estimated 3.6m expected by the end of the year, winter tourism has never been the strong suit of the island due to the lack of air connectivity in winter and hotels shutting down for the season.But the situation has
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Cyprus grows in popularity
02 October 2017
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British visitor numbers to Cyprus rose 8% in the first nine months of this year to reach 874,055.Arrivals from the rest of the world were up by 14% to 2.5 million.Orestis Rossides, UK director of the Cyprus Tourism Organisation, said: “Tourism is an important sector for Cyprus and we’re proud to announce that 2017 is on track to be another record-breaking year.“Our longer-term goal is to reach six million global tourist arrivals by 2030 and we
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10 Most Popular Sunny Destinations for Expats
28 August 2017
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The sun is one of the few things Brits can't import, no matter how much you are prepared to pay.For that reason, more than 60% of British expats consider the weather at their target destination before moving abroad – 17 percentage points more than the global average of expats worldwide – according to a study by Internations.The expat consultancy surveyed more than 14,000 expats from over 191 countries to find the homes away from home with the best climate.The
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Development of Larnaca Port and Marina on track Mayor says
24 August 2017
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Plans for the development of the Larnaca port and marina are on track and proposals by the three shortlisted tenders are expected to be submitted next month, Larnaca Mayor Andreas Vyras said on Wednesday.“We expect the proposals to be for touristic and commercial development, and not for an energy hub,” he told the Cyprus Mail.In total three consortiums/companies of the five that initially expressed interest were shortlisted in June to proceed to the next phase in the tender
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Paphos Coast gets Gold Award
17 August 2017
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The Paphos region has been recognised for its efforts to support sustainable tourism and honoured with a top European Union (EU) prize.The district has received the Gold Award for Quality Coast Policy and Sustainable Tourism Best Practices from the EU-endorsed Quality Coast programme.“The coastline of Paphos, from Yeroskipou to Neo Chorio, has been recognised on a European level as being environmentally-friendly and reflective of a sustainable tourism destination,” Paphos Regional Board of Tourism (PRBT) director, Nassos Hadjigiorgiou told
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Cyprus Among Top 10 Sunny Countries To Live In 2017
09 August 2017
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The weather seems to play a critical role in choice of destination: almost seven out of ten (67%) say the climate in their new home was a factor to consider before moving abroad.People are just as likely to think about the weather as they do about the costs of living and general living standards when deciding on their new home (67% and 70%, respectively), Tornosnews reports. Based on the insights of more than 14,000 expats from over 191 countries
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Busy Cyprus airports to accommodate around 2000 flights this week
09 August 2017
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A total of 1,960 flights to and from Cyprus’ two international airports are scheduled to take place until Sunday, August 13, marking the first wave of increased passenger traffic in August.Hermes Airports Spokesman Adamos Aspris told CNA today that Larnaca and Paphos airports are expected to accommodate a total of 320,000 passengers this week. “On average, there will be 280 flights on a daily basis, serving 45,000 passengers” he said.These are mostly flights to and from the UK,
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Cyprus Tax Resident by Staying in Cyprus 60 Days a Year
08 August 2017
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The Parliament of Cyprus approved a bill that gives the right to an individual to be considered as tax resident in Cyprus, provided that he meets cumulatively certain conditions.Thus, the Income Tax Law has been amended so that an individual, who does not remain in any of their state for one or more periods which altogether exceed 183 days in the same tax year and who is not tax resident in any other state for the same tax year,
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Larnaca tourism booming
08 August 2017
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This year is developing to be the best recorded in terms of tourist arrivals for the city and district of Larnaca. It is a strong follow-up to the success of 2016 when the Larnaca District drew 11.4% of total tourist arrivals in Cyprus, the largest percentage since 2001.This is the case says the Larnaca Tourist Development and Promotion Company (ETAP), according to data received by the Statistical Service.“The summer tourist season is peaking with both the city
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Karma Group Boosts Its Presence in China
01 August 2017
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Karma Group continued its presentations in China with remarkable success.The dynamic presence of the Group, based in the East Coast of the island with many projects in Ayia Napa and Protaras, continued through investment seminars in the cities of Ningbo, Hangzhou and Shanghai.The investment seminars and of course Karma’s wide property portfolio managed to attract the attention of real estate agents, wealth management firms, investors and property buyers.Karma’s representatives managed to have also several other meetings, attaining
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Ayia Napa Marina Continues Promotional Activities Abroad
31 July 2017
5 Comments
Several successful promotional activities have given the Ayia Napa Marina wide international acclaim, attracting growing interest from international investors and buyers.More specifically, the project received very positive feedback when presented at events and exhibitions in Dubai and London during the last months.In addition, following two recent activities in Moscow, the Ayia Napa Marina left its mark in the capital while drawing great attention from around the country. The project was presented by the CEO of the company, Stavros
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Local property tax set to change
25 July 2017
5 Comments
LOCAL property tax in Cyprus is set to change this year as the Municipalities and Communities will be assessing the tax payable on the 2013 property valuations rather than the 1980 valuations. It is anticipated that most people will pay about the same local property tax as they did in 2016. However, the new assessments may result in those whose properties were registered as plots or fields in 1980 and which have subsequently been developed – and those whose properties
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Cyprus Real Estate News Cyprus Property Sales Up 28
10 July 2017
5 Comments
The Cyprus property recovery is underway with the latest figures showing that prices for villas and flats are increasing and Cyprus property sales are also rising.The latest figures shows that the number of properties sold in Cyprus during June rose 28 % compared to June 2016 with Cyprus property sales increasing in all districts with the exception of Larnaca according to official figures.This increase follows a 59% increase in May, a fall of 2% in April and a 16%
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Cyprus attracting more overseas interest
24 April 2017
5 Comments
CYPRUS moved up 12 places in the TheMoveChannel.com’s Top of the Props index in March 2017 to become the sixth most sought after location by overseas property investors. Foreign buyers returned to the island’s property market at the end of 2016, with enquiries rising 22 per cent in the second half of the year. Enquiries faltered at the start of 2017, but buyers are now showing signs of returning in greater numbers. In real terms, enquiries for Cypriot property
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Property sales improve in March
10 April 2017
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Following February’s fall in property sales, the numbers sold in Cyprus during March compared to March 2016 improved in three of the five districts according to official statistics from the Department of Lands and Surveys.THE NUMBER of property sales in Cyprus during March rose 16 per cent compared to March 2016 according to official statistics published by the Department of Lands and Surveys. During March a total of 626 contracts for the sale of residential and commercial properties and
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Five consortiums submit proposals for Larnaca Marina
22 March 2017
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THE communications and works ministry announced on Monday that it has received five proposals from various consortiums for the development of the Larnaca port and marina.The announcement follows years of delays and the withdrawal of a previous redevelopment plan for the development of the Larnaca port and marina which the government wants to become the largest in Cyprus.None of the bidders has yet been named.The government had invited parties for expressions of interest by November 26, with
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Grand development plans for Larnaca
13 March 2017
5 Comments
Larnaca is going to acquire two new hotels this year, with a further eight for which plans have been approved, likely to open within the next three years.A Radisson Blu Hotel & Residence franchise is set to open near the port this November, offering 105 guest rooms and serviced apartments, an official of the Larnaca Tourism Board confirmed on Monday, with a three-star hotel Lenios with 108 beds operating in Oroklini from July.A number of other grand projects
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Cyprus real estate market report for 2016
03 March 2017
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In its 2016 annual review Resolute Asset Management reports that the Cyprus real estate market is gradually becoming more active partly due to improving local and international economic conditions.IN ITS ANNUAL report Resolute Asset Management provides a review of the Cyprus economy & real estate market for 2016 and its prospects and expectations for the year ahead:Transaction volumeThe real estate market is gradually becoming more active partly due to improving local and international economic conditions. There is also an
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Marginal rise in property prices
20 February 2017
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Cyprus property prices rose marginally during the third quarter of 2016 for the first time since the end of 2009 according to the Residential Property Price Index published by the Cyprus Central Bank.THE CYPRUS Central Bank reported that home prices rose marginally in the third quarter of 2016 compared with the previous quarter, with its Residential Property Price Index rising for the first time since late 2009 to stand at 73.3. The index for house and apartment prices
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Cystat Building Permits Increase by 123 in November 2016
07 February 2017
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The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during November 2016 stood at 550. The total value of these permits reached €113.5 million and the total area 100.3 thousand square metres. These building permits provide for the construction of 341 dwelling units.During the period January – November 2016, 4,900 building permits were issued compared to 4,581 in the corresponding period of the previous year. The
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May launch for Luxury Larnaca Project
02 February 2017
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A huge seafood restaurant, the first phase of the luxury ‘Castle Project’ at Larnaca’s Mackenzie beach is expected to be completed in May.The undertaking by Lebanese millionaire Antoine Saniour includes a luxury hotel with nearly 500 beds and 13 floors, a beach bar and a jacuzzi for 100 people while water sports and around 800 sunbeds and umbrellas will be on offer on the beach.In the sea a small island in the shape of Cyprus will be constructed
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Larnaca Fuel Storage Facilities Dismantled
30 January 2017
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Fuel storage tanks in Larnaca were dismantled on Friday in a “historic” day for the city, Energy Minister Yiorgos Lakkotrypis said. Lakkotrypis noted that the city governance and its citizens have been seeking the removal of the fuel installations from the city’s seafront for a “long time”. The installations of the Cyprus Fuel Storage Company (KETAP) take up a space of 150,000 square metres of Laranca’s eastern seafront. The strategic fuel reserves previously held in these installations have been moved
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Poseidon Grand Marina Paphos marina secures funding
27 January 2017
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The consortium awarded the contract for the construction of the Paphos marina has secured a letter from the Bank of Cyprus in which it guarantees to fund the entire project according to the president of the Paphos Chamber of Commerce and Industry.The president of the Paphos Chamber of Commerce and Industry (PCCI), Andreas Demetriades told the Cyprus News Agency that, according to information received, the Poseidon Grand Marina of Paphos consortium has secured a letter from the Bank of
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Police in Nationwide Seat Belt Campaign
24 January 2017
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Traffic police across Cyprus began a week-long seat belt campaign on Monday that will specifically target those not buckling up.“The campaign for seatbelts will continue for all motorists and passengers up until Sunday,” Traffic Police Chief Yiannakis Charalambous told state radio on Monday. “This is the first such campaign of 2017.”He added: “The non-use of safety belts play a huge role in road fatalities. More than 50% of road deaths are due to people not using seat belts.
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HOTEL AWARD WINNERS
23 January 2017
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The ‘HolidayCheck Award 2017’ list was announced at the beginning of January revealing the top rated hotels in Cyprus, with four out of the eight located in the south Famagusta region.Hotels in the region took the first five spots (with the exception of second place, which goes to Club Aldiana in Larnaca).Napa Mermaid Hotel & Suites in Ayia Napa was ranked first, with Crystal Springs in Protaras taking third position, followed by Ayia Napa’s Nissi Beach Resort and
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Exciting News for Larnaca Airport Hotel
20 January 2017
5 Comments
The first airport hotel and conference centre in Cyprus, a Radisson Blu hotel, is scheduled to open in Larnaca in 2019, it was announced on Wednesday. The hotel, located one km from the airport, will have 180 guestrooms and extensive meetings and event facilities as well as leisure facilities including a spa, gym, tennis court and indoor and outdoor swimming pools. It is the second hotel in Larnaca of one of the fastest growing hotel companies in the world, the
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EU to give Cyprus €3.1bn if solution materialises
17 January 2017
5 Comments
he European Commission will allocate 3.1 billion euros to the island if a solution to the Cyprus Problem materialises, its President Jean-Claude Juncker said at Thursday’s Conference on Cyprus, according to CNA English today. Juncker reportedly informed the Conference that the money will come from the Commission’s Multiannual Financial Framework. Juncker and the EU’s Foreign Affairs Commissioner, Federica Mogherini, were the Union’s representatives at the Conference which focussed on the security and guarantees issue.- See more at: http://www.
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Bank of Cyprus fully repays ELA
08 January 2017
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The Bank of Cyprus announced today that it fully repaid its emergency liquidity assistance (ELA), to the Central Bank of Cyprus. ELA inherited €11.4 billion in April 2013, after Laiki Bank went into liquidation. The full repayment of ELA comes as the bank`s shares trading in the Cyprus Stock Exchange (CSE) and the London Stock Exchange (LSE) is expected to begin on January 19. “This is another significant milestone in the Bank’s journey back to strength since 2013, and
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2016 Cyprus Real Estate Sales Rise
05 January 2017
5 Comments
Real estate sales rose by 43 per cent in 2016, figures released by the Department of Lands and Surveys (DLS) showed yesterday. Cyprus-wide sale contracts submitted to the DLS reached 7,013 in 2016 compared with 4,952 in 2015. The data exclude sales to foreigners to be released at a later stage. December sale contracts spiked 121 per cent reaching 1,134 in 2016 from 513 in December 2015. Sale contracts submitted in Limassol increased by 59 per cent reaching 2,496 in
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Parties express support for Cyprus talks in Geneva
05 January 2017
5 Comments
A National Council meeting has concluded on Thursday with almost all of the political party leaders stating that they would decide in the afternoon whether or not they would attend the conference in Geneva on January 12. On Wednesday President Anastasiades said that the conference will be held in the form of a five-party conference. At the meeting today, the President presented the Council with two legal consultations from the Greek judge Christos Rozakis and the law firm Law and
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Cyprus Property Taxes in 2017
04 January 2017
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Cyprus Property Taxes in 2017 There have been a number of changes to various property taxes in Cyprus in recent times and a summary of the impact of those changes for individuals with property on the island, according to Cyprus Property News, are summarised below.Immovable Property Tax payable to the Tax Department Immovable Property Tax (IPT) was reduced in 2016 to approximately a quarter of that in the previous year and is abolished in 2017. Property Tax payable to
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