The government has extended reduced excise duties on fuel until 15 January 2023 in a bid to alleviate the effects of soaring inflation driven by the war in Ukraine.

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, said Interior Minister Nikos Nouris, noting that 5,475 applications were submitted in 2021, while by August 2022 the number of applications reached 7,883.

The government and authorities responsible for electricity in Cyprus are facing a critical dilemma or, rather, a contradiction, Philenews reported on Thursday.

True to its commitment to contribute to local society by introducing newcomers to the labour market, DP World Limassol launched for another year, a three-month internship programme for students pursuing a degree in shipping or related field.

Across Cyprus in the second quarter, quarterly property sale values rose 2.9% for apartments, 0.5% for houses and 0.1% for offices, and decreased by 0.3% for retail, and 0.2% for warehouses, according to the Ask WiRE Index.

The new image of the pavilions as part of Cyprus' new tourism identity was presented for the first time by the Deputy Ministry of Tourism at the IFTM 2022 tourism exhibition in Paris.

Cyprus has achieved its target for tourist arrivals exceeding 2021 and is gearing for a “difficult 2023” with EU markets as its focus, said Tourism Minister Savvas Perdios.

Cyprus and Israel have made progress in talks regarding the distribution of future proceeds from the sale of natural gas produced at the Aphrodite reservoir, a part of which extends into Israel’s maritime waters, Energy Minister Natasa Pilides said on Tuesday.

Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war.

Larnaca has been recognised as a ‘Green City’ by the Scientific Evaluation Committee for the Pancyprian Awards Green Cities & Green Communities of Cyprus.