Electric car grant scheme overwhelmed

Electric car grant scheme overwhelmed

A scrappage incentive scheme launched to encourage Cypriot motorists to replace their old high-emission bangers with new electric ones has received five times the number of applications expected. The Transport Ministry says it will now need two more weeks to extend the scheme due to the huge interest showed. Transport Minister Yiannis Karousos said on Wednesday that he is to ...
Local Thursday, 06 February, 2020
Huge drop in municipal charges after local government reform, says minister

Huge drop in municipal charges after local government reform, says minister

The cost of municipal fees and charges to the public will be as much as five times cheaper than now once local government reforms are in place, Interior Minister Nicos Nouris said on Monday. Speaking after a meeting of the House interior committee, Nouris said the drafting of the bill had been completed and it was hoped to have the debate on the various issues by summer after ...
Local Tuesday, 04 February, 2020
Private, public development proof of economic impetus

Private, public development proof of economic impetus

President Nicos Anastasiades said that multi-billion private developments and expenditure on public utilities, also amounting to several billion euros, are proof of the economy’s dynamic development and of restored confidence. Speaking on Wednesday evening at the In Business Awards in Nicosia, he said they come as a result of a stable economic environment after prudent a...
Local Friday, 31 January, 2020
Cyprus joins Mars Society which advocates colonisation of Red Planet

Cyprus joins Mars Society which advocates colonisation of Red Planet

Cyprus has become a member of the international Mars Society, which seeks to promote the exploration and colonization of the planet. The Cyprus Space Exploration Organisation (CSEO) concluded an agreement through which the Cypriot chapter of the Mars Society is founded. The local chapter will drive Mars-related research domestically and in cooperation with other nations (www....
Local Tuesday, 28 January, 2020
Affordable housing incentive scheme fails

Affordable housing incentive scheme fails

The government’s affording housing scheme, which offers developers incentives to provide cut-priced homes for low-income groups, has failed to attract developers wishing to participate in the programme. Government efforts to counter rising rents and homelessness by giving incentives to building developers to put cheaper flats on the market has fallen short. Part of...
Local Thursday, 23 January, 2020
Cyprus repays crisis-era IMF loan ahead of schedule

Cyprus repays crisis-era IMF loan ahead of schedule

NICOSIA, Cyprus — Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in 2013, the finance minister said Tuesday. Minister Constantinos Petrides said the loan’s early repayment would bolster the country’s credibility in the eyes of investors and improve its ability to ra...
Local Tuesday, 21 January, 2020
Haunted hotel hopes to attract royalty again

Haunted hotel hopes to attract royalty again

Berengaria, the once-proud mountain resort, is poised to revive its former glory as a royal playground with owners of the derelict hotel agreeing on a deal with property developers Planetvision. Bank of Cyprus failed to sell the building at auction for €2.3 mln after coming into possession of the property through a debt-to-asset swap with a distressed borrower. Afterward...
Local Friday, 17 January, 2020
Cyprus looks ahead after breaking more tourist records

Cyprus looks ahead after breaking more tourist records

Cyprus Deputy Ministry of Tourism is satisfied as 2019 ended with a bang, breaking last year’s record for tourist arrivals after efforts to recover lost airline seats from major markets such as Germany and Britain. Deputy Tourism Minister Savvas Perdios while presenting the junior ministry’s achievements for 2019, said that deals with airlines such as Condor and ot...
Local Thursday, 16 January, 2020
Paphos: 10th Best Value Destination for UK Travellers in Post Office Barometer

Paphos: 10th Best Value Destination for UK Travellers in Post Office Barometer

Paphos has been ranked 10th best value for money destination for UK travellers in an annual report released by the Post Office Travel Money’s Worldwide Holiday Costs Barometer featured in British newspapers on Saturday. It ranked ninth in last year’s report. The Post Office barometer monitors the price of eight tourist items – comprising dinner for two with a...
Local Tuesday, 14 January, 2020
Anti-Gravity Hill near Paphos: surreal optical illusion

Anti-Gravity Hill near Paphos: surreal optical illusion

The Cyprus’ anti-gravity hill is located near the village of Droushia on the west coast of the island between Paphos and Polis, more precisely  –  after the exit towards Polis moving out of Droushia. An anti-gravity hill, (also known as a magnetic hill), is a place where the layout of the surrounding land produces an optical illusion, making a slight down...
Local Monday, 13 January, 2020
Cyprus Sets Goal To Be Among 30 Top Tourist Destinations By 2030

Cyprus Sets Goal To Be Among 30 Top Tourist Destinations By 2030

Deputy Tourism Minister Savvas Perdios has said that a goal has been set for Cyprus to be among the 30 most competitive tourist destinations by 2030, the CNA reported.In statements after a meeting of the Cabinet, on Wednesday, during which the national strategy for tourism until 2030 was submitted, Perdios said that the aim is to increase tourism’s contribution in the Cyp...
Local Thursday, 09 January, 2020
Costly EastMed project has hidden benefits

Costly EastMed project has hidden benefits

After a long wait, the ambitious EastMed pipeline, aimed at pumping natural gas from the region’s recently discovered reservoirs, is taking shape with three leaders of the four partner states signing the interstate agreement to build the pipeline from Israel to Cyprus via Greece to Italy. This pipeline will be an alternative to the Russian-dominated or influenced supplie...
Local Wednesday, 08 January, 2020
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