Larnaca’s makeover is not limited to the €1.2 billion redevelopment of its marina and port already taking shape, as two residential towers and a hotel called the Staston Project has been given the green light from environmental authorities.

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, recording an increase of 6.8%, according to data published, on Wednesday, by the Cyprus Statistical Service.

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to – again – rethink parts of a bill providing for reduced VAT on first homes.

Cyprus can become a regional educational, research and excellence centre, said President Nicos Anastasiades addressing the University of Cyprus graduation ceremony.

Cyprus supports the creation of a common platform for the supply of natural gas, as well as the EU providing financial support for innovative green technologies to mainly address the needs of the Southern Mediterranean, the permanent secretary of the Ministry of Energy, Marios Panayides, said during a meeting of the Council of EU Energy Ministers held in Luxembourg on Monday.

The Electricity Authority of Cyprus is waiting for the green light from the Environment Protection Department for the largest-scale photovoltaic park to be built in the Ahera area.

Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end of May 2022, compared to the end of May 2021.

The economic sentiment in Cyprus deteriorated in June, pushed downwards by weaker business confidence in services, industry and retail trade.

As COVID cases rise in Cyprus, the Cabinet decided on Tuesday to make face masks mandatory again in pharmacies, clinical labs and testing areas.

The Akamas will not be bulldozed, Agriculture Minister Costas Kadis said on Monday following more protests over the weekend over the revised local plan for the area.