The Council of Ministers has approved the draft legislation concerning the establishment of limited liability shipping companies. Once the draft legislation is adopted by the Cyprus Parliament and enters into force, it shall contribute to the creation of a one stop shop at the Cyprus Deputy Ministry of Shipping.

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices. As a result, governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy according to the 59th EY Renewable Energy Country Attractiveness Index (RECAI).

The European Commission is earmarking an additional €2.5 million to support the technical committee on cultural heritage in Cyprus, as part of ongoing efforts to provide assistance to facilitate the reunification of Cyprus, it was announced on Tuesday.

The highest pump price for Diesel reached a record €1.999 per litre in Cyprus on Tuesday, according to the Consumer Protection Service’s Fuel Retail Price Observatory.

The Cyprus Chamber of Commerce and Industry on Monday announced that the UCLan Cyprus University has signed a Memorandum of Understanding (MoU) with the Cyprus Commercial Representatives Association (CCRA).

Reducing the use of pesticides will be key in the transition towards more sustainable food systems and more sustainable agriculture, Commissioner for Health and Food Safety Stella Kyriakides told the Cyprus News Agency, promising at the same time that the Commission’s proposals will come with equally ambitious support for producers.

Transport Minister Yiannis Karousos has confirmed plans for the general public eventually getting access to a pothole mobile application to report all sorts of problems within the Cypriot road network.

The Cabinet approved on Tuesday a plan to create public sanitary spaces and recharge stations on Cyprus motorways, according to a written statement by Deputy Government Spokesperson, Niovi Parisinou.

The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus.

Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the government ended the disgraced citizenship for investment scheme.