Having successfully completed another tree-planting event March 24 with hundreds of saplings being planted on the scenic coastline of ‘Petra tou Romiou’ (Aphrodite’s Rock), the non-profit GreenCyprusCom announced it remains committed to the revival of Cyprus’ forests, having now seen over 2,000 trees planted since the launch of it reforestation movement in 2017. The NGO

Limassol Municipality has recruited Deloitte to draft the terms and conditions for a sustainability and financial viability study for the Enaerios public parking space, as part of its efforts to increase revenue and yield more from its property assets. The 10,000 sq.m. area, currently under-utilised as a pay-and-park space, will be offered in a build-operate-transfer

Trilogy Limassol Seafront, the 150 mln euro beachfront development by Cybarco currently under construction on Limassol’s coastline, has announced the official launch of sales for the apartments and offices in its two front towers. The West Tower is due for delivery at the end of 2021 and the East Tower will follow three months later,

By Kyriacos Kiliaris   Cyprus’ major banks saw their operating profits for 2017 slashed by provisions according to their preliminary unaudited results for last year, with many pondering offloading their troubled portfolios of non-performing loans in order to rescue their balance sheets. “Profitability should return in 2018 allowing banks to increase capital buffers and boost

The Employers and Industrialists Federation (OEV) and the Chamber of Commerce and Industry (KEVE) have raised objections to the government’s intention to open up 740 positions in the public service as they fear that the state apparatus and its running cost will be inflated. Michalis Antoniou, the head of the OEV, was quoted by StockWatch

Exports amounted to EUR 200 mln in January, an increase of 17%, according to Eurostat, of which 100 mln went to the EU (a 57% increase) and 100 mln to the rest of the world (a -2% decrease). Total imports amounted to EUR 600 mln (a -2% decrease), of which 400 mln came from the

The state-owned Natural Gas Public Company (DEFA) will launch two separate tenders this year for the import of liquefied natural gas (LNG) to facilitate the use of LNG for electricity generation by January 1 2020, DEFA executive Chairman Symeon Kassianides told parliament on Tuesday. The first tender concerning LNG supply will be launched next month, while

 Five years after Cyprus was on the brink of bankruptcy and a 10 bln euro bailout deal was struck, a delegation from the Troika of international lenders is back for the fourth post-programme monitoring mission. Technocrats from the International Monetary Fund, the European Commission and the European Central Bank had meetings at the Finance Ministry

Lidl Cyprus has pledged that by the end of 2019 it will stop the sale of single-use plastics such as straws, cups, plates, cutlery and cotton buds in all its 17 stores on the island. The German budget supermarket chain also promised that products made from alternative and recyclable materials will replace the single-use variety.