The value of real estate sold in Cyprus during the first quarter of 2023 reached €1.7 billion, according to a report released by the Department of Land and Surveys.

With the implementation of the state’s action plan, combined with the quality services and incentives Cyprus offers, there is growing confidence that Cypriot shipping will maintain its resilience and competitiveness, Deputy Minister of Shipping Marina Hadjimanoli has said.

National investment promotion agency Invest Cyprus on released a statement summarising its activities at the Delphi Economic Forum, where a number of actions and initiatives helped to showcase investment opportunities in Cyprus to the diverse crowd of business people in attendance.

Oil major Chevron have begun drilling an appraisal well, the second, at their Aphrodite gas discovery offshore Cyprus, media reports said.

A new university department for marine science is on the cards for Larnaca, the city’s mayor Andreas Vyras said on Tuesday after a meeting with President Nikos Christodoulides.

Maria Kouroupi, Senior Manager of Aviation Development and Communication at Hermes Airports, stated that the company is “very pleased to see a new airline and a new route being added to the Cyprus network”.

The goal is to increase tourism flow to the island by five to 10 percent compared to 2022, Deputy Minister for Tourism Costas Koumis has said.

The rapid advancement of AI in our lives raises some interesting issues concerning the protection of intellectual property and the adequacy of current IP protection frameworks to deal with the concept of AI generated work.

Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cyprus has a duty to accelerate the shipping sector’s transition into a low-carbon and resilient industry.

The latest Cabinet decision revising criteria for third country nationals who are investing in Cyprus comes in tandem with a slew of other measures the interior ministry wants to take as part of a changing migration policy.