Minister of Energy George Papanastasiou is in Israel to meet his Israeli counterpart to discuss the possible import of natural gas and build the associated infrastructure. He also hopes to resolve a long-running dispute on sharing the rights of the Aphrodite reservoir in the Cypriot EEZ that touches the Yishai field in Israel. Papanastasiou’s visit to the
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The job vacancy rate in the first three months to March rose to 2.8% compared to 1.9% in the previous quarter and down from 3.2% in Q1 2022, data released by the Cyprus Statistical Service show. According to official data, the total number of job vacancies in Q1 2023 reached 12,328, an increase of 4,507 or 57.6%, compared
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Finance Minister Makis Keravnos has warned politicians against adopting legislation to abolish a €350 company annual levy paid to the Registrar of Companies, as it would affect the state’s fiscal plans. Parliamentary parties are reviewing proposals that would abolish or lower the annual levy to lighten the burden on businesses from inflation and the hiking
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Cyprus beat 15 other countries as the most suitable to host the American University of Beirut’s first overseas campus, the president of the world-renowned institution said. It’s part of the university’s expansion plan initiated in 2018 but expedited following the catastrophic Beirut port explosion in August 2020. President Fadlo R. Khuri told The Associated Press
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By Han Tan, Chief Market Analyst at Exinity Group The Federal Reserve is widely expected to hit the pause button on Wednesday on its rate hike campaign that began over a year ago, before hiking once more in the third quarter. The notion for a Fed “skip” was bolstered by Tuesday’s CPI data that point
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Atmospheric dust levels hit a negative record in May, the worst for five years, with researchers indicating that due to climate change, dust episodes in Cyprus will become more frequent. The Cyprus Institute said that recent measurements of the Center of Excellence for Climate and Atmospheric Research (CARE-C) show that concentration levels of dust-suspended particles recorded
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Despite reports that migrant flows through the Turkish-occupied north are decreasing, arrivals by sea are rising, as authorities report a 60% increase in the first five months compared to last year. According to the Aliens and Immigration Unit, most irregular migrants arriving by sea come on boats from Syria and are usually located off Cape
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Nicosia believes President Nikos Christodoulides’ contacts at the European Parliament in Strasbourg yielded positive results, especially support for a more active EU involvement in Cyprus talks. Information suggests that action is being taken aiming at the resumption of the negotiating process. The Cyprus News Agency said that during his meetings on Tuesday with political groups, Christodoulides
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Cypriots will see energy costs rise overnight when a freeze on consumer tax on fuel and a government subsidy on electricity bills expire at the end of June. The relief measures introduced to buffer hiking inflation are set to expire on July 1, which would see fuel prices shoot up by eight cents per litre,
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Cyprus’ National Tennis Team is aiming for a place in Division B of the Davis Cup during the Group III qualifying matches of the European Zone starting Wednesday in Larnaca. Players from seven countries have arrived to take part in the Davis Cup competition hosted at Herodotou Tennis Academy in Meneou. It is hosting the
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