The real-estate sector in Cyprus has recovered after a prolonged period of economic crisis and is now established as one of the drivers of the economy, with the market showing confidence in its prospects.

Cyprus job vacancies increased 19.3% (993) to 6,141 in Q2 2019 from the same quarter last year when the number was 5,148.

The vital effort to commercialize promising research in Cyprus, which The Hellenic Initiative (THI) supports as an Anchor Donor of the Cyprus Seeds program, has been given a great boost through a €500,000 grant to the first round of the program by the government’s Research and Innovation Foundation (RIF), THI announced on September 13.

A Swedish TV show will be filmed in various areas of Paphos over the coming months, according to the Paphos regional board of tourism.

Cyprus businesses are preparing for a hard Brexit in light of developments in the UK, with London adamant on leading Britain through the European Union exit door by 31 October with or without a deal.

Cyprus is planning to abolish initial ship registration fees in a bid to boost the registry’s competitiveness and attract more ship registrations, Deputy Minister for Shipping Natasa Pilides said.

Technology that converts urine into electricity and was introduced in Kenya and Uganda, is now used in Durban, South Africa and will soon make its way to Ethiopia.

The first stage of Cyprus’ Gas Company’s (DEFA’s) tendering process for the supply of liquefied natural gas (LNG) has seen considerable interest from the international markets, the body said.

Cyprus’ banks are now confronted with new challenges following yesterday’s decision by the European Central Bank to decrease the interest rate on the deposit facility by 10 basis points to -0.50%.

The first phase of Cyprus Gas Company’s (DEFA) tender process for the supply of liquefied natural gas (LNG) has triggered considerable interest from major international players such as Shell, BP, Eni and Total.