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25 July 2014

Cyprus meets EU energy saving targets

Cyprus is one of just five EU countries which has fully transposed the European Commissions new Energy Efficiency Directive. Read More

25 July 2014

Shacolas plans €60m expansion in stores and malls

The Shacolas Group said it is planning to invest some €60 million in new and existing projects in the next two years or so. Read More

25 July 2014

Cyprus and Switzerland sign double taxation agreement

Cyprus and Switzerland recently signed a double taxation agreement and a relevant protocol. Read More

25 July 2014

CTO initiative for airport taxes reduction

Cyprus Tourism Organisation (CTO) has taken an initiative with the aim of reducing airport taxes imposed by Hermes, the company managing the operations of Larnaca and Pafos airports, CTO Director… Read More

25 July 2014

Larnaca port’s industrialisation will bring new jobs

Larnaca Port’s development as a hydrocarbon sector service provider was at the centre of discussions between Communications Minister Marios Demetriades and Akel General Secretary Andros Kyprianou recently. Read More

25 July 2014

Energy Minister: Necessary to modernise businesses

Minister of Energy Yiorgos Lakkotrypis has pointed out the necessity to modernise Cypriot businesses, so that they may become competitive and survive. Read More

25 July 2014

Aegean shows interest in Cyprus Airways

On the last day for expressions of interest, Aegean Airlines submitted its intention to bid for the sale of Cyprus Airways (CY) or its assets to new investors. Read More

24 July 2014

Multimillion deal reached with Russian investors in Cyprus

The Kanika Group has sold The Alexander the Great Beach Hotel in Paphos and the Kanika International Business Center in Limassol in two separate multimillion-euro deals involving Russian investors. Read More

24 July 2014

Cyprus Airways gets involved in oil and gas operations

Cyprus Airways (CY) has signed a strategic agreement with PHI Air Europe, a leading company in the provision of helicopter support to offshore oil and gas operations. Read More

24 July 2014

Foreclosures bill not yet submitted to Cabinet

The foreclosures bill will not be submitted to the Cabinet for approval as it was originally scheduled as government legal services couldn’t review it on time, sources told the… Read More

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