Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids.

Cyprus has published a new inspiring video to draw tourists back to the island, focusing on a “whole new world” and inviting travelers to go on a quest to reconnect with nature and personal journey experience.

The Agreement between the Republic of Cyprus and the Arab Republic of Egypt for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (known as the Double Tax Treaty (DTT) between Cyprus and Egypt) has entered into force on 31 July 2020, while the preceding DTT between the two States done on 18 December 1993 has been terminated.

Establishing Limassol as the main port of choice in the Eastern Mediterranean remains the vision of DP World Limassol port, its CEO Nawaf Adbulla said on Friday.

The beach of Latsi in Polis Chrysochous is sixth in the list of the 10 “secret” beaches of Europe that Travel and Leisure travel magazine proposes to travelers. The same list includes two Greek beaches, Psili Ammos in Patmos and Aretes in Chalkidiki which are on the 4th and 9th position respectively.

The tourism deal struck between Cyprus and the UK – assuring travel without restrictions for Britons who have been vaccinated – has jumpstarted a surge of holiday bookings.

The energy ministry is set to announce next week a €30 million project to upgrade energy efficiency in homes, minister Natasa Pilides said on Saturday.

Finance Minister Constantinos Petrides on Saturday welcomed the affirmation by Standard & Poor’s international credit agency of Cyprus’ credit rating to “BBB-“. It also confirmed the island’s economic stable outlook.

Non-performing loans in the Cyprus banking system accelerated in November with bad loans declining below €6 billion, marking a reduction of €710 million compared with the previous month.

The health ministry on Saturday announced that the vaccination of people who are not Gesy beneficiaries has started, while also marking the 100,000 vaccinations administered so far.