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Cyprus strengthens ties with UAE in AI and tech collaboration

Cyprus strengthens ties with UAE in AI and tech collaboration

Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as a forward-looking hub for artificial...

Nicosia, the neglected relative

Nicosia, the neglected relative

by Demetris M. Demetriou Nicosia has structural issues. Where other cities have the sea, Nicosia has the Green Line. By its very nature, its development, and even the daily relief of its traffic, does not unfold in any smooth or natural way. It...

Cyprus deputy shipping minister visits UK to boost IMO council bid

Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International...

Cyprus races to boost water supply as reservoirs run low

Cyprus races to boost water supply as reservoirs run low

Cyprus plans to start pumping desalinated water from new units in Moni into the network on July 22, officials said on Wednesday, as concerns grow over low water reserves. George Kazadjis, deputy director of the water development department, told...

RIF offers €25,000 to young Cypriot innovators through new academy

RIF offers €25,000 to young Cypriot innovators through new academy

Aspiring entrepreneurs in Cyprus now have the chance to launch their startup dreams with support from the Research and Innovation Foundation (RIF), which on Wednesday launched its Future Founders Academy, a new programme offering funding,...

Cyprus: President’s speech at Invest Awards

The Invest Cyprus International Investment Awards have evolved into an annual tradition and celebration. One that honours those who have invested their trust in Cyprus and contributed meaningfully to our country’s growth. First and foremost, I...

Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with dissabilities. The association, a member of...

Cyprus reviews progress in financial literacy strategy

Cyprus reviews progress in financial literacy strategy

The Cyprus Financial Literacy and Education Committee (CyFLEC) reviewed the progress of Cyprus’ national strategy for financial literacy on Wednesday during its fifth meeting of the board of directors. According to a statement issued by the...

Cyprus curtails as much renewable electricity in first half of 2025 as whole last year

Cyprus curtails as much renewable electricity in first half of 2025 as whole last year

In addition to being the only European Union member state without an interconnection with another power system, Cyprus only has oil-fired generators, a surging solar power capacity, and wind parks. Other countries, like Greece, also must curtail...

Cyprus swelters at 40°C as yellow warning continues

Cyprus swelters at 40°C as yellow warning continues

A seasonal low‑pressure system and a warm air mass are driving the heat. After early patches of low cloud and fog lift, skies will turn mostly clear. Winds will blow southwest to northwest, locally southeast to southwest in the morning, starting...

Cyprus pushes ahead with smart meter rollout from Wednesday

Cyprus pushes ahead with smart meter rollout from Wednesday

A large project to install smart electricity meters will continue across Cyprus from Wednesday, the electricity authority of Cyprus (EAC) has confirmed. Smart meters record electricity use in real time. They are expected to help people manage...

Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting...

Russian–Armenian tycoon Karapetyan wins an arbitration case against Armenia

Russian–Armenian tycoon Karapetyan wins an arbitration case against Armenia

Join the voices Aliyev wants to silence. For over eight years, OC Media has worked with fearless journalists from Azerbaijan — some of whom now face decades behind bars — to bring you the stories the regime is afraid will get out. Help us fuel...

Communities open doors to help victims of Limassol wildfires

Communities open doors to help victims of Limassol wildfires

As wildfires continue to threaten villages in the Limassol district, emergency support is being offered from across the region, with local businesses and community groups stepping in to help fire victims and frontline workers. One of the first to...

Cyprus Business Now: airports, property, graduate employability, CySEC

Cyprus Business Now: airports, property, graduate employability, CySEC

Cyprus is stepping up its air connectivity this summer, with Larnaca and Paphos airports offering an expanded network of destinations across Europe and the Middle East. The move, driven by Hermes Airports in close partnership with airlines and...

Cyprus treasury bills delisting scheduled for July 25

Cyprus treasury bills delisting scheduled for July 25

The Cyprus Stock Exchange (CSE) on Wednesday announced the suspension of trading for the thirteen-week Treasury Bills of the Republic of Cyprus, under the code TB13D25. According to the CSE, trading will be suspended from July 22, 2025 until July...

Cyprus sees fastest ICT job growth in EU over past decade

Cyprus sees fastest ICT job growth in EU over past decade

Cyprus recorded one of the fastest growth rates for ICT employment in the European Union over the past decade, with the number of ICT specialists rising by an average of 9.2 per cent annually between 2014 and 2024, according to Eurostat. In...

Cyprus reaffirms support for digital euro at Ecofin meeting

Cyprus reaffirms support for digital euro at Ecofin meeting

Finance Minister Makis Keravnos reaffirmed Cyprus’ support for adopting the digital euro this week, during an EU economic and financial affairs council meeting (Ecofin) in Brussels. At the meeting, the Cypriot minister also stressed the need to...

Cyprus beer exports fall sharply in June, local sales edge up

Cyprus beer exports fall sharply in June, local sales edge up

Beer exports from factories in Cyprus fell by 24.2 per cent in June 2025 compared to the same month last year, according to data from the Statistical Service (Cystat) this week. Exports dropped to 245,087 litres from 323,278 litres in June 2024,...

Cyprus to Canada to Croatia: Modi’s tour builds the next arc of Indian influence and global future

In a decisive reassertion of India’s increasing global power and diplomatic sagacity, Prime Minister Narendra Modi went on a three-country tour of Cyprus, Canada, and Croatia from 15 to 19 June 2025. Each of these visits were packed with symbolism...

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