The government has signed a €6.3 million deal with a private contractor for improvements to the existing main road network inside the Akamas National Forest Park.

Cyprus has exceeded its targets for 2022 in the registration of electric vehicles, Minister of Transport, Communications and Works Yiannis Karousos said on Monday, saying that we have actually reached 144% of the target.

Earlier this year, Cyprus Shipping Deputy Minister Vassilios Demetriades announced a new piece of legislation that would enable the creation of a limited liability company to be used exclusively for the country’s shipping sector needs.

The biggest challenge for Cyprus’ ports in the coming years will be meeting the targets of the EU Green Deal and the Fit for 55, as 50% of Cyprus’ pollution comes from transport, including ports, Transport Minister Yiannis Karousos has said.

Health Minister Michalis Hadjipantela discussed expanding cooperation on liver disorders by signing an MoU between Nicosia General and Royal Free Hospital in London during his visit to the UK.

"Cyprus should be one of the best places in the world to live, work and be active" is the vision on the basis of which the Cyprus Economy and Competitiveness Council presented the new long-term strategy for the sustainable development of the Cypriot economy to the Parliamentary Committee on Financial and Budgetary Affairs, on Monday.

PwC Cyprus on Friday announced during its annual general meeting that it generated record revenues of €83 million during the 2022 fiscal year, meaning the period between 1 July 2021 and 30 June 2022.

Cypriot beverage company Keo this week announced that it generated €1.6 million in profits during the first half of 2022, up from €1.1 million during the corresponding period of 2021.

International creditors will arrive in Cyprus on Monday in a routine post-memorandum check, ensuring the government’s fiscal strategy is not derailed by COVID and the effects of the war in Ukraine.

ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank.