A mosaic depicting Apostle Mark, that was looted from Turkish occupied Panayia Kanakaria church in the village of Lythragomi, returned to Cyprus on Sunday. The mosaic was handed over by a Dutch art investigator during a ceremony that took place in the Netherlands and was brought to Cyprus by a delegation of the Antiquities Department
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Changes to the environmental law could jeopardise luxury high-rise developments that are driving growth in the construction industry as delays will have a negative impact on the economy, argue project managers. The amendments voted in on 31 July 2018, demand that developers of high-rises submit a complete environmental study with tall buildings being identified by
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. Taking a walk in nature is a relaxing thing to do if stress levels become tinged with anxiety and the urban cluster becomes too much. Cypriots like the idea of nature, as long as they can shoot it, eat it or kill it. It’s only there to be enjoyed if allowed to roam around
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. Cyprus is the last energy-isolated member state of the European Union, with nearby Crete in a similar conundrum as it faces a spine-crunching fine from the European Union for not decommissioning its dirty power plants that need to be offline by the end of next year. And yet, deep-pocketed interests have prevented a major
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Cyprus Stock Exchange authorities are trying to pull the institution out of a two-decade stagnation in order to attract new companies and lift Cyprus shares along with it. While bellwether stocks like Bank of Cyprus, have been struggling the CSE has difficulty in drawing in companies which will add value to the market and reverse
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. For those of us who keep a close watch on the Famagusta region’s development, it appears that this region is taking a beating by many who either do not appreciate the potential that it has, or there is just an apathy to whatever the region is attempting to do. This region hosts approximately 36%
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After being granted three consecutive extensions, the Israeli investors interested in the billion-euro development of Larnaca marina and port, delivered their final proposal to the Minister of Transport Vassiliki Anastassiadou. The proposal regards the restructuring of the marina, the port and surrounding land development projects over an area of 220,000 m² which is expected to
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Russian Ambassador Stanislav Osadchiy said the closure of perceived Cyprus shell-companies, as well as EU sanctions has raised concerns in Russian business circles. Addressing the Russia-Cyprus Business and Investment Forum, Osadchiy said: “The introduction of Europe’s anti-Russian package of sanctions in 2018 and the following campaign of Cyprus’ Central Bank on revealing and closing so-called
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Washington supports the right of Cyprus to exploit its natural wealth, and views energy development in the Eastern Mediterranean as a matter of priority, a senior US diplomat said on Friday. US Assistant Secretary of State for Energy Resources Francis Fannon made the comments as ExxonMobil and Qatar Petroleum began drilling in block 10 of
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In Cyprus inflation stood at 1.9% in October, slightly up from the 1.7% in September and much higher than 0.4% a year ago, according to Eurostat. But the local inflation rate was lower than the euro area annual inflation rate was 2.2% in October, up from 2.1% in September. A year earlier, the rate was
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