A large natural gas deposit has been discovered by ENI/Total in block six of Cyprus’ EEZ, daily Alithia and state broadcaster Cybc reported on Friday, but the energy ministry later stated drilling at the block is still in progress.

This year’s revised target of gradual recovery for the tourism industry will be attained, but staff shortages and soaring inflation pose challenges in the coming months, said the Cyprus Hotel Association’s (CHA) Philokypros Roussounides.

Brussels is promoting the idea of creating a bi-communal solar power plant that would “contribute to meet the energy needs of both communities”, European Commission President Ursula von der Leyen told the Cyprus News Agency.

All people dealing with betting and gambling will go back to school in view of the operation of a Gambling Academy in Cyprus. The operation of the Academy will be undertaken by the National Betting Authority aiming to protect players and other interested parties.

How important is it encourage our teams to take their annual leave? It can be summed up in one sentence, rested employees are more productive employees. Taking time off can reduce stress, help prevent burnout and promote work-life balance by allowing for more time to be spent with family and friends. There are so many articles focusing on how to work better, how to get more done, and be more successful, but there is very little written about the key role played by rest, and the importance of time-out in our lives.

The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis met Energy Minister Natasa Pilides on Thursday to discuss the possibility of applying virtual net energy metering and billing to hotels.

Tourist traffic in Cyprus, so far, has reached 75% of 2019, Deputy Minister of Tourism Savvas Perdios said on Thursday, adding that many more tourists from other markets such as Germany, Switzerland, France and Greece choose Cyprus as their destination.

Cyprus allocated €103 per person to research and development in 2021, less than half the €244 averaged in the EU27, according to data on government budget allocations for R&D published by Eurostat.

Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021.

The European Commission has announced it will fund new projects costing €171 million to support migrant reception, asylum and return systems in Cyprus, Italy, Spain, Greece, and Poland.