A number of Ukraine-based companies have expressed an interest in headquartering their business in Cyprus, according to the Employers and Industrialists Federation (Oev).

Larnaca-based TUS Airways is to expand its flight schedule from Cyprus, including additional destinations such as Brussels, Paris, and Beijing.

Motorists are warned to expect hefty spikes in petrol prices, as pump rates will go up another 10 to 15 cents per litre.

The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia, Finance Minister Constantinos Petrides has said.

The Cyprus LNG plant vs the East Med pipeline in the context of Greek-Turkish and geopolitical tensions

The 15th Supply Chain and Logistics Summit & Exhibition took place on Tuesday, February 22, 2022 at the Hilton Hotel in Nicosia. The event was co-organized by EY and IMH, focusing on the transformation of the supply chain in the digital age, and took place this year with the physical presence of participants, based on current health protocols.

The Central Bank of Cyprus (CBC) assures, in a written statement, that the necessary precautionary measures have been taken to minimize any impact of the war in Ukraine on the Cypriot financial system. At the same time, CBC notes that due to the rapid developments, the analysis of the potential impact and the possible risks is continuous.

The Ministry of Transport and the Deputy Ministry for Tourism are striving to offset the impact of the airport traffic from Russia, after Cyprus along with the other EU member-states have closed their air space to Russian aircraft, following the crisis in Ukraine, Minister of Transport Yiannis Karousos has told CNA, expressing the hope that these efforts will bear fruit.

English actress Elizabeth Hurley stars in the new film ‘The Piper’ produced by Limassol-based company Fetisoff Illusion-Europe.

Irena Georgiadou, the former chairperson of Hellenic Bank, has joined the board of RCB Bank, following changes at the Limassol-based bank, including the announcement last week of its shareholding restructure.