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Cyprus Stock Exchange awards top economics student

Cyprus Stock Exchange awards top economics student

The Cyprus Stock Exchange (CSE) on Tuesday announced that it recently awarded its academic excellence prize to a top-performing economics student at the University of Cyprus. The CSE bestows this award every year in memory of its former board...

Cyprus and Danish shipping firms announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector

Cyprus and Danish shipping firms announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector

During his visit, Modi had formal discussions with President of Cyprus Nikos Christodoulides. Two major shipping companies, Cyprus-based Interorient Navigation Co Ltd and Denmark-based Danship & Partners Ltd, have revealed plans on Tuesday to...

Cyprus leads EU in retail trade growth for second month

Cyprus leads EU in retail trade growth for second month

Cyprus recorded the strongest annual growth in retail trade among all EU member states in May 2025, according to updated figures released by Eurostat this week. Retail turnover on the island increased by 7.9 per cent compared to May 2024, a figure...

Cyprus records strong growth across all service sectors

Cyprus records strong growth across all service sectors

Accommodation and ICT drive growth Cyprus’ tertiary sector posted robust gains in 2023, with all branches of economic activity showing growth in production value, value added, and employment, according to the state statistical service....

Cyprus hotel groups seek private desalination amid water shortages

Cyprus hotel groups seek private desalination amid water shortages

Eleven leading hotel chains across Limassol, Larnaca and Paphos have submitted applications to install on-site desalination systems, tapping into a €3 million subsidy scheme. The move supports an emergency plan to ease water stress on municipal...

Cyprus to recognise key foreign investors at annual awards

Cyprus to recognise key foreign investors at annual awards

The 13th Invest Cyprus International Investment Awards, presented by PwC Cyprus, will take place on Wednesday, in Nicosia. The annual event recognises foreign companies and organisations that have chosen Cyprus as an investment destination,...

Cyprus property sales tick up in June, led by Larnaca surge

Cyprus property sales tick up in June, led by Larnaca surge

Property sales in Cyprus recorded an annual increase of 17 per cent in June, driven by a 44 per cent surge in Larnaca, while Nicosia posted the smallest gain at just 2 per cent, according to data released by the land registry. A total of 1,544...

Cyprus Announces New Gas Discovery in Block 10

Cyprus Announces New Gas Discovery in Block 10

Exxon Mobil Corp. and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. “The ‘Pegasus-1’ well, located about 190 kilometers offshore southwest of Cyprus, indicated approximately...

Cyprus confirms new natural gas discovery

Home Cyprus Cyprus confirms new natural gas discovery FAMAGUSTA GAZETTE – Cyprus confirmed a new natural gas discovery at the Pegasus-1 site within its exclusive economic zone, reinforcing the island’s energy potential. The well, located...

Cyprus ‘touted as location’ for camp for Gaza refugees

Cyprus ‘touted as location’ for camp for Gaza refugees

Cyprus was touted as a potential location for a planned camp to be built to house Palestinian people who are to be “temporarily” relocated out of Gaza, according to reports on Monday night. News agency Reuters reported that it had seen a proposal...

Cyprus industrial sector value added rises 11.3 per cent in 2023

Cyprus industrial sector value added rises 11.3 per cent in 2023

Employment in Cyprus’ industrial sector rose by 1.2 per cent in 2023, reaching 42,600 people compared to 42,100 in 2022, according to official figures published in the Survey on Industrial Production 2023. The largest share of industrial...

Cyprus confirms new gas discovery by ExxonMobil

NICOSIA, July 7 (Xinhua) -- The government of Cyprus on Monday confirmed a new natural gas discovery by ExxonMobil within its exclusive economic zone, describing the find as another step forward in the country's energy development strategy. In an...

Cyprus Business Now: CySEC, tourism, hospital tookover, job satisfaction

Cyprus Business Now: CySEC, tourism, hospital tookover, job satisfaction

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to a statement from the Finance Ministry, ministers will first exchange views on the...

Cyprus pressured to pay for stalled power cable project

Cyprus pressured to pay for stalled power cable project

Cyprus is under growing pressure from both Greece and Brussels to commit funds to the delayed Cyprus-Crete electricity cable project, despite serious concerns over its viability and geopolitical risks in the region. According to Kathimerini's...

Cyprus goes high-tech in search for people missing from past conflict

Cyprus goes high-tech in search for people missing from past conflict

NICOSIA (Reuters) -A U.N.-backed commission investigating mass disappearances in Cyprus is deploying AI and ground-penetrating radars to expedite chances of finding the remains of people who vanished in past conflict. The Committee on Missing...

The great advantage of BBF is its flexibility

The great advantage of BBF is its flexibility

A two-state solution is too inflexible and too terminal Rumours about the death of BBF have been greatly exaggerated. A bizonal bicommunal federation is both possible and desirable. It is a together-but-apart model to restore peaceful coexistence...

Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well

Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well

The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of...

Cyprus hits highest power use of the year, and it’s still climbing

Cyprus hits highest power use of the year, and it’s still climbing

Electricity use across Cyprus hit a new high for this year during the lunchtime hours on Monday, as homes and businesses cranked up air conditioning to cope with the summer heat. At 12:15 p.m., electricity demand reached 1,046 megawatts (MW), the...

Young U.S. workers meet Cyprus labor activists, strengthening bonds of international solidarity

Young U.S. workers meet Cyprus labor activists, strengthening bonds of international solidarity

Members of the CPUSA Labor Commission and delegates from the Hello Comrade project hold up a flag of the World Federation of Trade Unions outside the headquarters of PEO in Nicosia, Cyprus. | Photo via Cameron Harrison / People's World NICOSIA,...

Cyprus ranks low in Europe for job satisfaction and leadership trust

Cyprus ranks low in Europe for job satisfaction and leadership trust

Cyprus ranks among the lowest in Europe for job satisfaction, workplace leadership and psychological safety, according to the European Workforce Study 2025. The survey, whose findings were shared by Philenews, was based on responses from 24,938...

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