Cyprus Energy Ministry’s Permanent Secretary Marios Panayides chaired the 17th Summit of the Executive Council of East Mediterranean Gas Forum (EMGF) which unanimously approved its work programme for 2022, including proposals tabled by Cyprus on energy transition, in Cairo, on Tuesday.

Our Limassol Del Mar Project is being handed over and nearly fully sold out!

Construction of the luxurious “Limassol Park” development continues with great progress.

Transport Minister Yiannis Karousos said on Tuesday he is optimistic about the upcoming tourist season as early indications suggest an increased flow of visitors to Cyprus this summer.

New covid measures have been announced today following the meeting of the Minister of Health and the Scientific Advisory Committee this morning.

The European Commission has approved an estimated €2 million Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), contributing to the country’s Recovery and Resilience Plan.

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday.

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and advisory firm WiRE.

Renewable energy accounted for 37.1% of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97% in 2011, according to figures published by Eurostat on Friday.

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking sector challenges according to the Governor of the Central Bank of Cyprus Constantinos Herodotou.