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Cyprus

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Maritime Cyprus opening this Sunday

Maritime Cyprus opening this Sunday Limassol is set to host Maritime Cyprus 2022 between October 9 and 12 with the participation of 900 delegates from 35 countries, the Cypriot deputy minister for shipping, Vassilis Demetriades, said on Thursday. Addressing a press conference, Demetriades said this is the 17th Maritime Cyprus conference and the first after […]

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ECB meets on Cyprus to mull interest rates and inflation

ECB meets on Cyprus to mull interest rates and inflation With important European economic issues on the agenda, such as inflation, bank interest rates, but also the issue of the European Central Bank‘s balance sheet, the ECB’s board of directors is meeting today in Limassol, Cyprus. The meeting of the 19 governors of the EU […]

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Summer plan for Cyprus Airways

Summer plan for Cyprus Airways Cyprus Airways on Tuesday announced its ambitious plans for summer 2023, when it will fly to 11 confirmed destinations with a schedule of at least 43 weekly flights, while new destinations will be announced soon. Next summer’s schedule starts on March 26. The airline confirmed that seats for the airline’s […]

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Cyprus Securities and Exchange Commission takes part in World Investor Week 2022

Cyprus Securities and Exchange Commission takes part in World Investor Week 2022 The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week 2022, where over 100 countries represented by their Supervisory Authorities will collaborate to educate and protect investors and the general public. The World Investor Week takes place between the 3rd […]

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Aeronautical Exercise Between Greece, Cyprus, France, Italy Kicks Off

Aeronautical Exercise Between Greece, Cyprus, France, Italy Kicks Off Aeronautical Exercise Between Greece, Cyprus, France, Italy Kicks Off. Credit: GEETHA A four-day major aeronautical exercise between Greece, Cyprus, France, and Italy, called “Eunomia 3-22,” kicked off on Monday and is set to last until Thursday, October 6th. The exercise is part of the collective military […]

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ECB meeting this week in Cyprus

ECB meeting this week in Cyprus Nineteen central bank governors from European Union countries are expected to arrive in Cyprus on Tuesday. The Governing Council of the European Central Bank decided to hold its non-monetary policy meeting in Cyprus, scheduled for Wednesday and Thursday, and to be chaired by ECB President Christine Lagarde. This is […]

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Cyprus Joins Pentagon’s Military Partnership Program

Cyprus Joins Pentagon’s Military Partnership Program The National Guard of Cyprus will join the Pentagon’s military program. Credit: N236ik , CC BY-SA 4.0/Wikipedia The U.S. Pentagon on Saturday announced Cyprus’ membership in the State Partnership Program and the cooperation between the Cyprus National Guard and the United States National Guard. In the announcement, the Pentagon […]

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Cyprus celebrates independence anniversary

Cyprus celebrates independence anniversary The Republic of Cyprus celebrated the 62nd anniversary since the declaration of its independence from British rule on Saturday with a military parade in capital Nicosia. “We honor everyone that fought for our homeland and we remain focused on the liberation and reunification of our land,” President Nicos Anastasiades said in […]

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Cyprus Marks Independence Day with Military Parade

Cyprus Marks Independence Day with Military Parade The military parade held in Nicosia was part of the Cyprus Independence Day celebrations. Credit: Cyprus News Agency Cyprus marks October 1st, Independence Day with a traditional military parade in Nicosia. It has been 62 years since the republic was established after Cyprus finally won full sovereignty from […]

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Russian dominance of Cyprus tourism ends

Russian dominance of Cyprus tourism ends In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association (PASYXE), it was officially made clear that the markets of Russia and Britain would no longer be a one-way street for the Cypriot tourism industry. As part of the conference, the deputy minister of tourism indicated that […]

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Cyprus wants EU exemption from energy cutback

Cyprus wants EU exemption from energy cutback Cyprus is gearing up to request an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil. According to the Cyprus News Agency, government sources on the island said Nicosia would request to be […]

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Cyprus tourism takings soar in year to July

Cyprus tourism takings soar in year to July Revenue from tourism in Cyprus reached 1.217 billion euros in the period of January-July 2022, more than doubling the revenue in the respective period of last year. Increased revenue was thanks to the recovery of tourist arrivals, despite the loss of Russian tourists (Cyprus’ second largest market), […]

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Cypriots see their salaries rise 5% in Q2

Cypriots see their salaries rise 5% in Q2 The average gross monthly earnings of employees in Cyprus increased by 100 euros year-on-year in the second quarter of 2022, according to provisional data published by the Cyprus Statistical Service (CyStat) on Wednesday. They reached €2,081, compared to €1,982 in the same period of 2021, recording an […]

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Erdogan: Turkey to Beef Up Occupation Army in Cyprus

Erdogan: Turkey to Beef Up Occupation Army in Cyprus Turkish and Turkish Cypriot flags on display during a military parade in the occupied part of Cyprus. Credit: Turkish Ministry of Foreign Affairs President Tayyip Erdogan vowed on Wednesday to strengthen Turkey’s military presence in occupied northern Cyprus after the US lifted the defense embargo on […]

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Why lifting the Cyprus arms embargo is a major opportunity to help both Nicosia and Kyiv

Why lifting the Cyprus arms embargo is a major opportunity to help both Nicosia and Kyiv Expert Brad Bowman joins Thanos Davelis to break down how with some savvy geopolitical maneuvering, the Biden administration could follow up on its landmark decision to lift the Cyprus arms embargo by getting Ukraine weapons it needs and already […]

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Cyprus LGBT+ pride marchers seek equal family rights

Cyprus LGBT+ pride marchers seek equal family rights Hundreds of activists turned streets of the Cypriot capital into a sea of rainbows on Sunday on a pride march in a push for equal rights irrespective of sexual orientation. “Marriage for all” was the slogan of a parade through Cyprus’s capital Nicosia, using the Cypriot vernacular […]

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Innovation leaps ahead in Cyprus

Innovation leaps ahead in Cyprus Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, per the annual report of the European Commission’s Innovation Scoreboard for the bloc. According to an announcement by the island’s Deputy Ministry of Research and Innovation, Cyprus comes 10th in the overall ranking, […]

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Cyprus Breaks Greece’s Undefeated Record in UEFA Nations League

Cyprus Breaks Greece’s Undefeated Record in UEFA Nations League Cyprus Breaks Greece’s Undefeated Record in UEFA Nations League. Credit: Twitter / National Football Team of Greece @EthnikiOmada Cyprus broke Greece’s undefeated record in UEFA Nations League, winning the match with 1-0 at the Aek Arena in Larnaca on Saturday. Estonia is now the only country […]

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Cyprus’ TUS Airways adding Larnaca-Iraklio route

Cyprus’ TUS Airways adding Larnaca-Iraklio route For the first time in its history, Cypriot carrier TUS Airways will start offering direct flights from Larnaca to Iraklio, Crete.  The route starts on December 16, with flights twice a week – on Mondays and Fridays – and fares starting at just 59 euros, one way.  At the […]

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Nations League: Historic win for Cyprus over Greece

Nations League: Historic win for Cyprus over Greece Greece dropped its first points in the Nations League going down 1-0 to Cyprus at Larnaca on Saturday. This was the first time ever Cyprus has beaten Greece in a competitive match. The result means nothing for Greece’s standing in the group, as the Greeks have already […]

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Lone Star makes €700 mln offer for Bank of Cyprus

Lone Star makes €700 mln offer for Bank of Cyprus US fund Lone Star’s roughly 700-million-euro offer for Bank of Cyprus shows that the sector in Europe may have reached the point where, when prices are low enough, the numbers can work. The US fund’s interest marks a sharp turnaround in fortunes for BoC, which […]

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Cyprus extends reduced fuel taxation

Cyprus extends reduced fuel taxation The Cypriot government extended the reduced excise duties on fuel until January 15, 2023, on Friday, in a bid to alleviate the effects of soaring inflation fueled by the war in Ukraine, with the Cypriot finance minister calling on households and businesses to save energy as fiscal measures cannot tackle […]

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Anastasiades describes Erdogan’s comments to UN as ‘ironic’

Anastasiades describes Erdogan’s comments to UN as ‘ironic’ President of Cyprus Nikos Anastasiades has spoken of his “deep disappointment” upon hearing the Turkish president claim that he wants “issues in the Aegean Sea and the Eastern Mediterranean to be solved within the framework of good neighbourly relations and in conformity with international law.” Addressing the […]

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President Anastasiades Bemoans UN’s Inability to Solve Cyprus Issue

President Anastasiades Bemoans UN’s Inability to Solve Cyprus Issue President of Cyprus Nicos Anastasiades bemoaned the inability of the UN to solve the division of the island in his last speech as President at the General Assembly on Friday. “I might have not been able to see my homeland reunited, with my Greek Cypriot and […]

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Mitsotakis discusses Cyprus, Turkey with UN’s Guterres

Mitsotakis discusses Cyprus, Turkey with UN’s Guterres Prime Minister Kyriakos Mitsotakis discussed its problems with Turkey and the Cyprus issue with United Nations Secretary General Antonio Guterres on the sidelines of the 77th UN General Assembly in New York. Regarding Cyprus, Mitsotakis said that the attitude of Turkey and the Turkish Cypriot leadership amounts to […]

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Cypriot growth to reach 5.5% this year

Cypriot growth to reach 5.5% this year Cyprus’ economy is forecast to grow by 5.5% in 2022 on better-than-expected tourism arrivals, although the outlook is tempered by energy market turbulence which will sap demand later in the year, the island’s Central Bank said on Thursday. Updated projections of economic output were 2.8 basis points higher […]

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More foreign firms set up shop in Cyprus

More foreign firms set up shop in Cyprus The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in the number of foreign companies interested in establishing a presence in Cyprus, said the island’s Interior Minister Nicos Nouris, noting that 5,475 applications were submitted in 2021, while by […]

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Single-use Plastics Banned in Cyprus

Single-use Plastics Banned in Cyprus Single-use Plastics Banned in Cyprus. Credit: Creative common /Steven Depolo Cyprus is taking an important step towards sustainability by banning single-use plastics, according to a law that is set to come into effect on October 1st. As a result, products such as plastic cotton swabs, cutlery, and plates among other […]

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Erdogan says discussed with Putin flights to breakaway northern Cyprus

Erdogan says discussed with Putin flights to breakaway northern Cyprus Turkish President Tayyip Erdogan was quoted by broadcaster NTV on Thursday as saying that he discussed the start of direct flights from Russia to northern Cyprus with his Russian counterpart Vladimir Putin. The breakaway Turkish state on the northern side of the divided island is […]

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Cyprus ban on plastics from Oct 1bbc reeel

Cyprus ban on plastics from Oct 1bbc reeel Cyprus will take action and reduce the use of plastic, according to a law that comes into force on October 1. Consequently, from the following weekend, products such as plastic cotton swabs, cutlery, plates etc will be banned from the market. The plastics ban concerns: – Straws, […]

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