President Nicos Anastasiades will present the expected economic and social transformation of the country within the €4.4 billion Cyprus Tomorrow plan at the presidential palace this coming week.

Finance Minister Constantinos Petrides on Friday described Cyprus’ impressive score in the Greenfield foreign direct investment (FDI) performance index as exceptionally important for both jobs and incomes, particularly during the current tumultuous economic environment.

Total government employment in August 2022 rose by 0.3% year on year driven solely by the hiring of temporary staff.

Following the success of Halloumi's registration as PDO, the Government aims to register more agricultural products as Protected Designation of Origin products, President of the Republic Nicos Anastasiades said. He also added that a request for the registration of the second most important agricultural product of Cyprus after halloumi, the “red potato”, is already being prepared.

Efforts are underway to develop Cyprus’ natural gas as there is interest from both the EU and the private sector, Energy Minister Natasa Pilides said on Monday.

As of last month, 1,343 new electric vehicles (EV) have been registered in Cyprus, surpassing the year’s goal by 144%, the transport ministry said.

Paphos will be a green gem as the island’s largest urban park, and one of the richest for plants and infrastructure will open its gates to the public in the coming weeks, said Mayor Phedon Phedonos.

Cyprus Ministry of Defence has secured, through EU structural funds and in particular the Thalia Programme, €19 million to fund the installation of photovoltaic systems in National Guard camps, as part of its environmental and energy policy, pointing out that it is one of the largest and most energy-intensive organizations on the island.

President Anastasiades welcomed today, at the Presidential Palace, the President of the European Parliament Roberta Metsola, who is paying an official visit to Cyprus.

Skroutz is once again expanding abroad. The largest marketplace in Greece is now shipping orders to Cyprus as well. In fact, the management’s intentions, albeit in the long term, are to expand to more countries, so that the marketplace acquires a broad international character and – if anything – turn into the “Greek Amazon.”