Cyprus aims to see electric cars make up at least one quarter of all newly registered vehicles per year by 2030, Transport Minister Yiannis Karousos said at the informal meeting of EU ministers of transport and energy in Slovenia.

Hellenic Bank has set up a dedicated unit to deal with ‘green economy’ issues, as well as implementing ESG principles of environmental and social responsibility and implementing sound governance practices.

Cyprus is moving closer to its goal to end energy isolation, with significant developments concerning electricity interconnections with its neighbouring countries.

The Cyprus Transmission System Operator is calling on people and companies who wish to take part in the electricity market to register for training seminars, following the passage of legislation that aims to put an end to state monopoly after years of debate and EU warnings.

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. Over the past seven years, the global EY organization has recorded strong 7.3% compound annual growth.

According to data published by Eurostat, the proportion of Cypriots who worked from home in 2020 due to the pandemic was low compared to the increase recorded throughout the EU.

Ayia Napa’s tourism industry is cautiously optimistic about extending the season to mid-November, mayor Christos Zannetou said on Thursday.

The next steps in the joint venture of ExxonMobil-Qatar Petroleum in Cyprus’s EEZ which restarts end of the year with drilling in block 10 will be examined during a meeting on Friday with the American company’s officials, the President of the Cyprus Republic accompanied by his Energy and Foreign Affairs Ministers.

After years of start-stop discussions in committee, the House on Thursday passed the legal framework for opening up the electricity market – with the energy minister hailing it as the single largest reform in the sector after Cyprus joined the European Union.

No coronavirus test will be required for fully vaccinated persons who wish to visit the north from Monday, it was announced on Thursday night.