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The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its response in two weeks.
The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank.
The Cypriot economy grew by 3.6 per cent in the second quarter of 2024, compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (Cystat).
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Cyprus is planning to abolish initial ship registration fees in a bid to boost the registry’s competitiveness and attract more ship registrations, Deputy Minister for Shipping Natasa Pilides said.
Technology that converts urine into electricity and was introduced in Kenya and Uganda, is now used in Durban, South Africa and will soon make its way to Ethiopia.
The first stage of Cyprus’ Gas Company’s (DEFA’s) tendering process for the supply of liquefied natural gas (LNG) has seen considerable interest from the international markets, the body said.
Cyprus’ banks are now confronted with new challenges following yesterday’s decision by the European Central Bank to decrease the interest rate on the deposit facility by 10 basis points to -0.50%.
The first phase of Cyprus Gas Company’s (DEFA) tender process for the supply of liquefied natural gas (LNG) has triggered considerable interest from major international players such as Shell, BP, Eni and Total.
The integration process of Cyprus Cooperative Bank (CCB) and Hellenic Bank will be completed on September 16, a year after the acquisition of the former by the latter, without seriously affecting former CCB clients, the bank said recently.
According to a recent publication by the Cyprus News Agency (CNA), Cyprus is thinking of updating its tonnage tax system and pricing policy for the registration of ships, aiming to activate specific measures in order to reinforce the competitiveness of the shipping industry.
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following the sale of the former Cyprus Cooperative Bank (CCB) to Hellenic Bank.
Deputy Minister for Tourism Savvas Perdios said recently that a serious increase of cruise tourism was expected in Cyprus in the coming years.
The deadline to appeal a decision awarding the construction of an LNG import terminal at Vasilikos has elapsed, allowing the project to go ahead after years of successive tenders that were scrapped.
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