Cypriot motorists have got a respite from rising pump prices, as petrol and diesel fell by 17 and 11 cents per litre, respectively, compared to a month ago, as crude oil is selling at its lowest price since the Ukraine war.

The above article authored by Senior Associate, Xenia Kalogirou, has been featured in the International Financial Law Review. In the article Xenia discusses the liquidity management tools used in collective investment schemes in Cyprus and the EU Commission’s proposals to amend AIFMD and the UCITS Directive.

The reconstruction of the Zachouri mosque square in Larnaca will finish by the end of coming September as the project is currently entering its final phase, the Cyprus News Agency reported on Thursday.

Consumers are warned that a third wave of high prices is on the way – this time on milk and dairy products.

Projects costing more than €110 million are in progress at the University of Cyprus, which will benefit the students, the staff, and the society.

The world heritage mosaics in Kato Paphos will get more shelters to protect one of the island’s leading attractions for tourists and history buffs, thanks to a collaboration with the Getty Conservation Institute.

Limassol’s development as a business hub and a destination for international technology companies has kept its real estate sector alive after the demise of the golden passport scheme in late 2020.

The water development department on Wednesday urged consumers to conserve water as there is increased pressure on the system in some areas and it may cause problems.

Cyprus’ fire service has refuted Eurostat’s figures showing firefighters make up around 0.4% of the workforce as it would translate into 1,622 personnel which is not the case.

Cyprus’ trade deficit increased by €1.12 billion during the first half of 2022, when compared to the corresponding period of the previous year, according to data released on Tuesday by the Cyprus Statistical Service.