The long-awaited €1.2 billion redevelopment of Larnaca port and its marina got the final green light Monday after the Transport Ministry sent a ‘Successful Tenderer Letter’ to the chosen consortium after protracted negotiations.

Cyprus Deputy Shipping Minister Vasilis Demetriades has stressed the need to support the Cyprus shipping sector that has been hit due to the Covid-19 pandemic, noting that cruise and passenger ships do not operate due to the current situation.

Crucial negotiations on the avoidance of double taxation between Cyprus and Russia are scheduled for August 10 and 11, and will be headed by Minister of Finance Constantinos Petrides.

A broad meeting on Monday chaired by transport minister Yiannis Karousos agreed on the need to take action to prevent congestion at Cyprus airports, after viral photos of passengers crammed into each other at the Larnaca airport caused intense public reaction over the health and safety measures being implemented.

Parliament has passed a bill to regulate the prescription, distribution, and availability of medical cannabis.

As from Thursday, Greece will be included in category B of countries whose travellers need to provide negative coronavirus tests upon arrival to Cyprus.

Five flights from British airports were scheduled to land in the Republic of Cyprus on Saturday, after the island listed the United Kingdom in Category B, which means arriving passengers are not required to be under quarantine or self-isolation.

A €374 million floating storage and regasification unit jointly financed by the European Bank for Reconstruction and Development, the European Investment Bank and the European Union will help Cyprus benefit from cleaner air and reduced energy costs thanks to the introduction of natural gas to the country.

Perfectly located at the water’s edge in an exclusive seafront stretch, between the historical Paphos Harbour and the blue flag awarded Coral Bay Beach, Armonia Beach Villas, is another luxurious beachfront development by renowned property developers, Leptos Estates.

The first phase of the Nicosia orbital motorway, part of the Cyprus Transport Ministry’s plan to decongest traffic in the gridlocked capital, is to be completed by March 2023 at a cost of about €74 million.