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TRAVEL: Cyprus-Greece business association blasts ‘unacceptable’ cost of flights

Cyprus business leaders say the exorbitant cost of high airfares to closest EU destination Greece are unacceptable and claim for prices to reach EUR 690, there must be manipulation of the market.

20th June 2019
Business

CYPRUS: Equity Fund needed to bridge financing gap for businesses

An Equity Fund should be established to address the difficulties small and medium sized enterprises (SMEs) encounter in obtaining financing, the Cyprus Economy and Competitiveness Council has proposed. The recommendation has been

20th June 2019
Business

Property: Expat dream homes keep the housing market buoyant

. The housing market in Cyprus is booming. Latest figures from the Department of Lands and Surveys show that contracts deposited at Land Registry offices in April were up by more than

19th June 2019
Comment

CYPRUS: UK seeks de-escalation of tension over Turkey EEZ violation

London urges for dialogue to resolve an energy dispute following Turkey’s announcement that drilling has begun within Cyprus’ EEZ. The Labour Party MP Paul Farrelly submitted a written question to the Foreign

19th June 2019
Cyprus

ECONOMY: Cyprus house prices fell 8% between 2010-18

Cyprus registered the third biggest fall in house prices in the EU from 2010 to 2018 with a decline of 8% while elsewhere property values in Europe went up an average 15%.

19th June 2019
Business

TECHNOLOGY: Cyprus households to be connected with super speeds by 2025

Cyprus households are to enjoy the benefits of super-speed internet exceeding 100Mbps by 2025, joining in the digital revolution taking place in the rest of the world. A prerequisite for this is

19th June 2019
Business

ENERGY: Cyprus-Greece electricity cable project applies for EU grant

EuroAsia Interconnector, promoter of the European project of common interest (PCI 3.10) has applied for an EU grant to construct the subsea electricity interconnection between Crete and Attica, benefiting Greek consumers by

19th June 2019
Business

CYPRUS: Government to financially support children of serial killer’s victims

The Cyprus government has decided to financially support the children of the five foreign women murdered by a confessed serial killer. Deputy government spokesperson Klelia Vassiliou, said the state is to support

19th June 2019
Cyprus

CYPRUS: Ghost town Varosha used as leverage in Turkey drilling standoff

  The fenced-off ghost town Varosha in Turkish-held north of Cyprus has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore, reports Bloomberg. It

19th June 2019
Cyprus

CYPRUS: EU diplomats back ‘appropriate measures’ against Turkey

European Union foreign ministers urged Brussels to immediately adopt "appropriate measures" against Turkey for drilling for gas in Cyprus waters. The General Affairs Council meeting in Luxembourg meeting expressed "grave concern over

19th June 2019
Cyprus
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