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Israel and Cyprus in Negotiations Over Natural Gas Supply Deal

Israel and Cyprus are currently in advanced talks to potentially seal a $1.5 billion agreement for the supply of natural gas, according to a report from S&P Global. The deal, which involves exporting gas from Israel to Cyprus via pipeline, could mark Israel’s first natural gas sale to Europe. The proposed contract would span over a decade and involve gas from the Karish and Tanin fields, operated...

Cyprus Launches Sustainable Mobility Plans for Limassol and Larnaca

Cyprus has officially rolled out its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, a significant step toward making its urban spaces greener and more accessible. Funded under the EU’s Recovery and Resilience Plan, these projects aim to tackle traffic congestion, improve public transportation, and promote eco-friendly alternatives such as cycling and walking. At a joint event on...

Turkish Cypriot Groups Demand Release of Developers Arrested by Republic of Cyprus

A coalition of Turkish Cypriot organizations held a protest on Monday, calling for the immediate release of businesspeople detained by the Republic of Cyprus over charges related to the development of Greek Cypriot properties in the north. The group, calling itself the ‘Initiative for the Protection of Rights,’ staged the demonstration at the Ayios Dhometios crossing point in Nicosia, on the Turkish...

Government Plans Wage Increases for Low and Middle-Income Workers

The government has set its sights on boosting wages, particularly for middle and low-income earners, in line with European standards, the Labour Ministry announced on Friday. According to a statement from the ministry, the government is implementing a balanced and comprehensive approach to improve the quality of life, acknowledging both the societal needs and the country’s economic potential. This...

Opposition Criticizes Government Over Zero VAT U-Turn

Opposition parties have accused the government of mishandling its response to the rising cost of living, following a recent policy reversal on zero VAT for essential goods. Both the left-wing Akel and right-wing Disy parties expressed dissatisfaction on Friday, claiming that the administration lacked a coherent plan and was out of touch with the financial challenges faced by Cypriots. The uproar was...

Decrease in Property Sales to Foreign Buyers in Cyprus

The Department of Lands and Surveys in Cyprus has released updated statistics for residential property sales involving both local and foreign buyers, covering the period from September to December 2024. The data reveals a slowdown in the real estate sector, with 1,289 residential properties sold during this period. Of these, 59% (or 759 units) were purchased by local buyers, while 530 transactions involved...

Cyprus to Refund €14 Million to Local Businesses for Beneficial Ownership Data Fines

The Cypriot government has decided to cancel all fines imposed on employees of local businesses for the late submission of beneficial ownership data. This announcement was made on October 8 by Irini Milona Chrysostomou, head of the Department of Company Registration in Cyprus. The Parliamentary Committee on Commerce recently held a meeting to review and revise the penalties for non-compliance. As a...

Cyprus Set to Approve 100,000 Electronic IDs to Advance Digital Transformation

Cyprus is making strides towards a digital future, with the government poised to approve the distribution of 100,000 electronic ID cards, as announced by President Nikos Christodoulides. Speaking at the Digital Agenda Cyprus Summit, held at the Nicosia Municipal Theater, the president detailed the plan, which is a crucial step in the nation's move towards a more digitally integrated state. During his...

Nicosia Unveils New Digital Tools to Enhance Urban Living

Nicosia is making strides in improving urban life through cutting-edge digital technologies, according to Mayor Charalambos Proutzos, who emphasized that these advancements are about more than just going digital—they aim to significantly improve the quality of life for residents. Speaking at the Digital Agenda Cyprus Summit, held at the Nicosia Municipal Theatre, Proutzos explained that the goal is to...

Cyprus Airports Hit Record Passenger Numbers in September

Cyprus saw a record number of travelers passing through its airports in September, with 1.4 million passengers using Larnaca and Paphos airports, according to airport operator Hermes on Monday. Passenger traffic in September 2024 increased by 7% compared to the same month in 2023, setting an all-time record for September, Hermes reported. The United Kingdom, Greece, Israel, Poland, and Germany were the...

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