Minister of Energy: Interest in gas increases

  Energy Minister of Cyprus Yiorgos Lakkotrypis said Tuesday that the fact that discoveries in the Eastern Mediterranean and Cyprus were piling up and further exploration was planned [...]

10th Economic Ideas Forum takes on Cyprus economic reforms

Speaking on fiscal issues he said that "last month we were able to issue a 15-year bond at a rate of 2.75% for the first time, clearly showing that macroeconomic stability has returned and trust is r [...]

Changes to Citizenship scheme approved

The Cabinet approved new criteria which will see a Cyprus passport being granted in exchange for an investment of €2.5 million, raising it from €2 million, including the purchase of a residency.Pr [...]

Money to help Land Registry clear backlog

THE INTERIOR Ministry has asked the House Finance Committee to release €3.6 million, part of which will go to pay for services to clear a backlog of cases at the Land and Surveys Department.Of thi [...]

Russian market expected to boost Cyprus' tourist industry this summer

Deputy Minister of Tourism Savvas Perdios told the Cyprus News Agency (CNA) on Wednesday that the Russian market is expected to boost the tourist industry of Cyprus this summer.Perdios [...]

Cyprus joins EU ban on Boeings

Cyprus said Tuesday it has suspended all flight operations of all Boeing Model 737-8 MAX and 737-9 MAX aeroplanes inside its airspace. The ban came to force at 9pm. The island said it was complying [...]

New plan to subsidise home solar systems

“The subsidy covers one fifth of the total installation cost of a 4 kW solar power system, which is estimated to run about 5 or 5 thousand euro,” Eracleous said. “This means that the installati [...]

“Glaucus” recoverability expected to be very high

  Cypriot Minister of Energy Yiorgos Lakkotrypis said Wednesday that the quality of the reservoir found in Block 10 of Cyprus Exclusive Economic Zone (EEZ) allows optimism that the r [...]

ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

  ExxonMobil announced on Thursday that it has made the world's third biggest natural gas discovery in two years off the coast of Cyprus in the Eastern Mediterranean. ·          

Central Banks calls for vigilance over rising housing prices

  The Central Bank of Cyprus (CBC) on Tuesday called for vigilance and close monitoring of the rising prices in housing particularly in Limassol pushed by the Cyprus Citizenship by I [...]
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