Buying an electric car or a plug-in hybrid seems to be moving at a snail’s pace in Cyprus, not just because of the rising cost of electricity but also the absence of a good network of charging stations. With the island boasting a mere 57 charging stations, more than half are installed by the Electricity
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I recently attended Endeavor’s 10-year anniversary celebration of setting up an office in Greece. Endeavor is a global, non-profit organisation that supports high-impact entrepreneurs in emerging markets to fuel economic growth. The event was held at the Odeon of Herodes Atticus. It included a very interesting discussion in which the Prime Minister of Greece, Kyriakos
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The real estate and construction sector is recognised as one of the most important pillars of the Cypriot economy. That is due to its contribution to the Gross Domestic Product (GDP), which exceeds 10%, the fact it employs thousands of workers, and because it is traditionally a sector that attracts Foreign Direct Investment (FDI). Its
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The United States donated to Cyprus an underwater camera that upgrades the Port and Marine Police’s operational capabilities, especially in maritime security. Friday’s official handover ceremony of the submarine camera took place in Limassol, in the framework of the CyCLOPS project (Cyprus Center for Land, Open Seas and Port Security). US Ambassador Judith Garber, at
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As the war in Ukraine shows no sign of abating, Europe is looking to phase out Russian fossil fuels by accelerating renewable energy production. However, it must ensure reliable access to the minerals and other essential components for the clean energy transition. This comes at a time when, due to the pandemic, the global supply
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The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against Russia. Its June economic bulletin said Cyprus’ economy was projected to grow by 2.7% this year, rather than the 3.6% forecast in December’s
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The arrival in Cyprus of the first vaccines for monkeypox is expected around the end of August, Ministry of Health official Konstantinos Athanasiou told CNA. He said the delay is due to the company that produces the vaccines, with priority currently given to the countries most in need. And Cyprus has yet to discover a monkeypox
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Foreign Minister Ioannis Kasoulides is satisfied with the UN Security Council resolution approving the six-month renewal of the UN Peacekeeping Force in Cyprus (UNFICYP) mandate but said the barbed wire remains. He said Friday his ministry would continue to support UNFICYP but at the same time insist on its position of setting up barbed wire
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Cyprus ranks 20 among the 27 EU Member States in the latest edition of the Digital Economy and Society Index (DESI), moving up one place from last year. According to a European Commission report, the country’s relative progress, considering its starting point, is above the expected rate, indicating that it converges to the EU average.
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Greece and Cyprus accused Turkey of stoking tensions as Ankara prepared to dispatch a drill ship to the Mediterranean in August to search for natural gas. Relations between Athens and Ankara are strained over a raft of issues ranging from overflights to disputed waters. Cyprus is a key point of division, deepened in recent years
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